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Technology Sector Update for 03/12/2019: MOMO, SWIR, AAPL, MSFT, IBM, CSCO, GOOG


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Top Technology Stocks:

MSFT: +0.33%

AAPL: +0.36%

IBM: Flat

CSCO: +0.12%

GOOG: +0.07%

Top technology stocks were gaining pre-market Tuesday.

Early movers include:

(+) Momo ( MOMO ), which was gaining more than 8% in value after reporting Q4 adjusted earnings of RMB4.05 ($0.59) per ADS, compared with RMB3.49 in the same quarter last year. Analysts polled by Capital IQ were expecting adjusted earnings of $0.52 per ADS.

In other sector news:

(+) Sierra Wireless ( SWIR ) was slightly higher after announcing the addition of live code profiling to its SaaS-delivered infrastructure and application performance monitoring service, AppOptics.

(+) Apple ( AAPL ) was marginally advancing as the company is expected to announce its streaming TV and news subscription service at an event scheduled for March 25 at its Cupertino, Calif., headquarters, according to media reports.

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: MOMO , SWIR , AAPL , MSFT , IBM




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