Technology Sector Update for 05/14/2019: IMMR, CYBR, TME, MSFT, AAPL, IBM, CSCO, GOOG

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Top Technology Stocks:

MSFT: +0.69%

AAPL: +0.58%

IBM: +0.52%

CSCO: +0.29%

GOOG: +0.50%

Leading technology stocks were advancing pre-market Tuesday.

Early movers include:

(+) Immersion ( IMMR ), which was more than 7% higher after i t report ed Q1 financial results, including revenue narrowly topping Wall Street expectations, in addition to signing a licensing agreement with Sony's ( SNE ) interactive entertainment division. Immersion also resolved all of its pending litigation with Samsung Electronics Co Ltd and secured a deal to supply the consumer electronics giant with its advanced haptics technology.

(+) CyberArk Software ( CYBR ) was advancing by more than 5% as it posted a Q1 non-GAAP EPS of $0.56, compared with $0.32 a share in the year-ago quarter. That topped the $0.41 a share average estimate from analysts polled by Capital IQ.

(-) Tencent Music Entertainment Group ( TME ) was declining by more than 7% after the company said Q1 sales rose 29.4% to RMB5.74 billion (US$855 million) from the year-ago period but missed the CapIQ mean for RMB5.79 billion.

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: IMMR , SNE , CYBR , TME , MSFT

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