Technology Sector Update for 03/14/2019: MDB, UXIN, FRSX, MSFT, AAPL, IBM, CSCO, GOOG

Shutterstock photo

Top Technology Stocks:

MSFT: +0.17%

AAPL: +1.30%

IBM: +0.11%

CSCO: +0.34%

GOOG: -0.07%

Most technology giants were gaining pre-market Thursday.

Early movers include:

(+) MongoDB ( MDB ), which was gaining more than 20% in value as its adjusted net loss narrowed to $0.17 per share in Q4 from $0.27 loss per share a year earlier, as revenue rose 71% to $85.5 million over the same period, based on new accounting method ASC 606.

(+) Uxin ( UXIN ) ADRs were up more than 14% after the company reported financial results for Q4, with a narrower-than-expected loss and revenue that topped analysts' forecasts; it also provided revenue guidance for Q1.

(+) Foresight Autonomous Holdings ( FRSX ) was over 11% higher as its Rail Vision affiliate received a $10 million strategic investment from Europe-based Knorr-Bremse Systeme fur Schienenfahrzeuge GmbH in a exchange for a 21.3% stake.

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: MDB , UXIN , FRSX , MSFT , AAPL

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities

Research Brokers before you trade

Want to trade FX?