Technology Sector Update for 03/13/2019: SWI,SWCH,WORX,DQ

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Top Tech Stocks

MSFT +0.81%

AAPL +0.85%

IBM +0.28%

CSCO +1.01%

GOOG +0.43%

Technology stocks eased somewhat this afternoon, with the shares of tech companies in the S&P 500 adding over 0.8% in value while the Philadelphia Semiconductor Index was rising almost 0.4%.

Among technology stocks moving on news:

(+) SolarWinds ( SWI ) was 2% higher in late trade after the software firm Wednesday introduced its database anomaly detection and performance analyzer in addition to a broad refresh of its information technology operations management portfolio. The new machine learning-enabled monitors also provide additional blocking analysis support, helping users find where an incident occurred and guide informed troubleshooting strategies.

In other sector news:

(+) Switch ( SWCH ) rose 7% after the colocation services company late Tuesday reported Q4 net income of $0.05 per share, reversing a $2.09 per share net loss during the year-ago period and beating the Capital IQ consensus by $0.02 per share.

(+) SCWorx ( WORX ) climbed 3% after Wednesday announcing a new, three-year software services contract valued at $1.625 million with an unnamed integrated delivery network company servicing hospitals on the US West Coast.

(-) Daqo New Energy ( DQ ) fell 2% on Wednesday, giving back an early advance, after the maker of polysilicon and wafers used in the solar energy industry saw its adjusted Q4 net income drop 63%, falling to $1.16 per share during the three months ended Dec. 31 from $3.16 per share during the year-ago period. Revenue fell 36.4% year-over-year to $75.6 million.

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: SWI , SWCH , WORX , DQ

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