Technology Sector Update for 02/12/2019: VRNS, MIME, SHOP, MSFT, AAPL, CSCO, IBM, GOOG

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Top Technology Stocks:

MSFT: +0.89%

AAPL: +0.52%

IBM: +0.72%

CSCO: -1.05%

GOOG: +0.55%

Most technology stocks were climbing pre-market Tuesday.

Stocks moving on news include:

(-) Varonis Systems ( VRNS ), which was slumping by more than 23% after investors ignored the company's revenue and earnings beat in the Q4 and instead focused on its forecast for the Q1 as well as the full year which missed the market consensus.

(+) Mimecast ( MIME ) was up almost 11% after saying that for fiscal Q3, non-GAAP net income was $5.9 million, or $0.09 per diluted share, higher year over year from $1.7 million, or $0.03 per diluted share, and exceeding consensus estimates of $0.06 per share.

(-) Shopify ( SHOP ) was retreating by over 4% after the company reported financial results for Q4, with earnings and revenue that topped analyst expectations and revenue guidance that was generally in line with Street views.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Technology , Commodities
Referenced Symbols: VRNS , MIME , SHOP , MSFT , AAPL

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