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Technology Sector Update for 01/09/2019: SGH, NNDM, SWKS, MSFT, IBM, AAPL, CSCO, GOOG


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Top Technology Stocks:

MSFT: +0.62%

AAPL: +0.05%

IBM: +1.14%

CSCO: +0.67%

GOOG: Flat

Technology stocks were rising in pre-bell trading Wednesday.

Early movers include:

(-) SMART Global Holdings ( SGH ), which was tumbling more than 23% after the company reported financial results for fiscal Q1, with better-than-expected revenue and earnings that fell short of analysts' forecasts; it also provided downbeat guidance for fiscal Q2.

(+) Skyworks Solutions ( SWKS ) was more than 3% higher even as it announced that for fiscal Q1 ended Dec. 28, 2018, it now expects revenue of about $970 million, down from its prior guidance range of $1 billion - $1.02 billion.

(+) Nano Dimension ( NNDM ) was flat after it signed Amtech as the first reseller of its DragonFly Pro System in the Czech and Slovak Republics as well as adjacent areas.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Technology , Commodities
Referenced Symbols: SGH , SWKS , NNDM , MSFT , IBM



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