Quantcast

Technology Sector Update for 02/15/2019: COMM,ARRS,FTNW,TLND,MRIN


Shutterstock photo

Top Tech Stocks

MSFT +0.91%

AAPL -0.37%

IBM +0.97%

CSCO +2.05%

GOOG -0.89%

Technology stocks were moderately higher in recent trading, with the shares of tech stocks in the S&P 500 adding over 0.5% in value while the Philadelphia Semiconductor Index was rising slightly less than 0.3%.

Among technology stocks moving on news:

(+) CommScope Holding Co ( COMM ) rose almost 2% after the networking equipment company said it has named Bruce McClelland, previously the chief executive at communications equipment manufacturer Arris International ( ARRS ) prior to its acquisition by CommScope, as its new chief operating officer. He replaces Morgan Kurk, who will become chief technology officer of the combined companies.

In other sector news:

(+) Talend SA ( TLND ) climbed 21% on Friday after the software firm reported a small-than-expected Q4 net loss of $0.13 per share, more than halving its $0.28 per share net loss during the year-ago quarter and beating the Capital IQ consensus by $0.01 per share.

(-) FTE Networks ( FTNW ) dropped 15% after the smart network connectivity company Friday said it received an extra $13.6 million in new funding that was used to pay off short-term debt and other payables. Lateral Investment Management, which holds most of the company's senior debt, provided the majority of the funding.

(-) Marin Software ( MRIN ) was sinking 31% in recent trading. The software firm said its Q4 sales fell 11% year over year to $15.8 million while the company also reported a net loss of $0.48 per share compared with a net loss of $1.28 during the final three months of 2017.

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: COMM , ARRS , TLND , FTNW , MRIN




More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities










Research Brokers before you trade

Want to trade FX?