Technology Sector Update for 02/13/2019: UIS,MU,QLYS

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Top Tech Stocks

MSFT +0.10%

AAPL +0.01%

IBM +0.70%

CSCO -0.97%

GOOG +0.58%

Technology stocks were firming in recent trading, with the shares of tech companies in the S&P 500 adding just over 0.3% in value while the Philadelphia Semiconductor Index was rising more than 0.5%.

Among technology stocks moving on news:

(+) Unisys ( UIS ) climbed over 17% after forecasting FY19 revenue of $2.8 billion to $2.875 billion compared with the Capital IQ consensus estimate looking for $2.85 billion in revenue this year.

In other sector news:

(+) Micron Technology ( MU ) rose over 4% on Wednesday after the chipmaker said it was partnering with NanoLock Security to demonstrate flash-to-cloud technoloy tools for Internet of Things connected devices.

(-) Qualys ( QLYS ) tumbled 14% after the cybersecurity firm said its Q1 revenue will likely trail analyst estimates, projecting revenue for the current quarter ending in March in a range of $74.5 million to $75.2 million compared with the Street view looking for $76.9 million in Q1 revenue.

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: UIS , MU , QLYS

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