Technology Sector Update for 06/19/2019: FRSX, ESLT, ADBE, YY, MSFT, AAPL, IBM, CSCO, GOOG

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Top Technology Stocks:

MSFT: +0.14%

AAPL: +0.52%

IBM: +0.07%

CSCO: +0.18%

GOOG: Flat

Leading technology stocks were climbing pre-market Wednesday.

Stocks moving on news include:

(+) Foresight Autonomous Holdings ( FRSX ), which was surging more than 56% after it signed a commercial agreement with Israeli defense company Elbit Systems Ltd. ( ESLT ) for the exclusive marketing of its proprietary image processing software for the defense, paramilitary and homeland security markets.

(+) Adobe Systems ( ADBE ) was advancing more than 4% after i t report ed Q2 non-GAAP earnings of $1.83 per share, up from $1.66 per share in the year-ago quarter and better than the analyst consensus of $1.78 per share on Capital IQ. Revenue was $2.74 billion, up from $2.19 billion last year and topping the Street view of $2.70 billion.

(-) China's social media platform company YY ( YY ) was down more than 4% after unveiling plans to raise $425 million through convertible senior notes due 2025 and another $425 million via convertible senior notes due 2026 for expansion. It also prepares $75 million of the 2025 notes and $75 million of 2026 notes for over-allotment.

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: FRSX , ESLT , ADBE , YY , MSFT

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