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Technology Sector Update for 05/16/2019: CUI, NTES, WIX, MSFT, AAPL, IBM, CSCO, GOOG


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Top Technology Stocks:

MSFT: +0.37%

AAPL: -0.60%

IBM: +0.40%

CSCO: +2.92%

GOOG: +0.49%

Top technology stocks were mixed in Thursday's pre-market trading .

Stocks moving on news include:

(+) CUI Global ( CUI ), which was surging more than 16% after announcing that it signed a letter to acquire four privately held companies in a cash, debt and shares deal to transform the firm into a larger energy group, with CUI shareholders owning 15% of the combined company after the deal set around June 1, as i t report ed a mixed set of Q1 results.

(+) NetEase ( NTES ) was more than 4% higher after it ramped up its quarterly dividend as its fiscal first-quarter revenue advanced on the back of rising sales from online gaming services. The Beijing-based company generated net revenue of RMB 18,356.2 million ($2.735 billion) in the three months ended March 31.

(-) Wix.com ( WIX ) was declining by more than 6% after booking Q1 adjusted profit of $0.03 per share, compared with the net loss of $0.06 per share in the prior-year period but lower than the $0.08 per share median Street estimate.

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: CUI , NTES , WIX , MSFT , AAPL



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