Technology Sector Update for 03/12/2018: OCLR, LITE, AVGO, NTNX, CYBR

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Top Technology Stocks:

MSFT: +0.3%

AAPL: +0.2%

IBM: +0.3%

CSCO: +0.4%

GOOG: +0.4%

Technology shares were higher in pre-market trading on Monday.

Expected movers:

- Oclaro ( OCLR ): agrees to be bought by Lumentum Holdings ( LITE ) for $9.99 per share

- Broadcom ( AVGO ): expects to complete US redomiciling by April 3

- Nutanix ( NTNX ): agrees to acquire Netsil for undisclosed sum

Other news:

- CyberArk Software ( CYBR ): acquires some assets of cloud provider Vaultive to strengthen security offerings

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: OCLR , LITE , AVGO , NTNX , CYBR

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