Technology Sector Update for 06/10/2019: MDB,VUZI,DATA,ADI

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Top Tech Stocks

MSFT +0.93%

AAPL +1.24%

IBM +1.11%

CSCO +0.90%

GOOG +1.29%

Technology stocks eased during afternoon trading, with the shares of tech stocks in the S&P 500 climbing nearly 1.0% in value while the Philadelphia Semiconductor Index was rising 2.5%.

Among technology stocks moving on news:

(+) MongoDB ( MDB ) was more than 1% higher in late Monday trading after saying it recently achieved two significant security benchmarks, including a recommendation for its MongoDB Atlas database receiving ISO/IEC 27001:2013 accredited registration. The Atlas database now can also be used by the Department of Defense following approval by the Defense Information Systems Agency.

In other sector news:

(+) Vuzix ( VUZI ) soared more than 45% after unveiling, together with Dubai-based software developer NNTC, its autonomous iFalcon face recognition system integrated with its Vuzix Blade Smart glasses. iFalcon runs using artificial intelligence and will be used by NNTC for regional security operations.

(+) Tableau Software ( DATA ) rallied Monday and was up more than 33% after the business analytics company agreed to a $15.7 billion, all-stock buyout transaction from Salesforce ( CRM ), with investors receiving 1.103 of a Salesforce common share for each of their Tableau shares.

(+) Analog Devices ( ADI ) rose 6% after a Goldman Sachs upgrade of the specialty chipmaker to buy from sell previously. The brokerage also raised its price target for the company's stock by $13 to $114 a share.

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: MDB , VUZI , DATA , CRM , ADI

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