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Technology Sector Update for 02/14/2019: IQV,EPAM,CYBR,SWIR,SW.TO


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Top Tech Stocks

MSFT +0.14%

AAPL +0.40%

IBM -0.42%

CSCO +2.66%

GOOG +0.25%

Technology stocks eased slightly in late trade, with the shares of tech stocks in the S&P 500 adding almost 0.3% in value while the Philadelphia Semiconductor Index was rising just over 0.2%.

Among technology stocks moving on news:

(+) Iqvia Holdings ( IQV ) was over 7% higher after Thursday reporting non-GAAP net income of $1.50 per share during its Q4 ended Dec. 31, beating the Capital IQ consensus by $0.03 per share. Revenue for the advanced analytics and contract research services company rose to $2.69 billion from $2.52 billion during the same quarter in 2017 and also topping the $2.62 billion analyst mean.

In other sector news:

(+) CyberArk Software ( CYBR ) was trading 20% higher after the cybersecurity firm said it Q4 non-GAAP net income improved to $0.89 per share from $0.41 per share during the same quarter in 2017 and exceeded the Capital IQ consensus by $0.30 per share. Revenue grew 36% year over year to $109.1 million, also beating the Street view expecting $95.9 million.

(+) EPAM Systems ( EPAM ) rose 3.4% on Thursday after the software development firm said its non-GAAP Q4 net income increased to $1.27 during the three months ended Dec. 31 from $1.01 per share during the year-ago period and topping the Capital IQ consensus by $0.04 per share. Revenue grew to $504.9 million from $399.3 million last year, also exceeding the $501.4 million Street view.

(-) Sierra Wireless ( SWIR ) Thursday dropped to a six-year low, falling as much as 30% to $10.80 a share, after the networking equipment company reported non-GAAP Q4 net income of $0.25 per share, down from $0.28 per share during the year-ago period and missing the $0.26 per share Street view. Revenue grew 9.7% year over year to $201.4 million, but lagged the $204.9 million consensus call.

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: IQV , CYBR , EPAM , SWIR




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