Technology Sector Update for 01/16/2019: INPX,GOGO,IRDM,EFII

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Top Tech Stocks

MSFT +0.34%

AAPL +1.26%

IBM -0.12%

CSCO +0.03%

GOOG +0.40%

Technology stocks still edging higher in late trading, with the shares of tech stocks in the S&P 500 adding just over 0.2% in value although the Philadelphia Semiconductor Index was falling about 0.5% shortly before Wednesday's close.

Among technology stocks moving on news:

(+) Inpixon ( INPX ) still was 1% higher this afternoon, easing from a more than 20% gain for the data analytics company that followed it announcing a technology collaboration agreement with SAS, which will integrate Inpixon's indoor positioning analytics and metrics tools into the SAS dashboard.

In other sector news:

(+) Gogo ( GOGO ) was nearly 2% higher in recent trading after the onboard broadband connectivity company Wednesday said it outfitted a net 477 aircraft with satellite technology during 2018, increasing its overall total to 1,296 commercial aircraft.

(-) Iridium Communications ( IRDM ) has turned 3.5% lower this afternoon, giving back a small gain earlier Wednesday after the company saying it has activated its Iridium Certus broadband service, the first commercial application to go live since it completed a $3 billion satellite replacement program.

(-) Electronics for Imaging ( EFII ) was down 18% after the computer peripherials company said it is expecting adjusted Q4 net income in a range of $0.45 to $0.47 per share, lagging the Capital IQ consensus by at least $0.13 per share. It also sees revenue for the final three months of 2018 missing the $280 million Street view.

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: INPX , GOGO , IRDM ,

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