Technology Sector Update for 07/11/2019: SLP,RVLT,EXFO,EXF.TO

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Top Tech Stocks

MSFT +0.76%

AAPL -0.36%

IBM +0.34%

CSCO -0.16%

GOOG 0.00%

Technology stocks were rising in afternoon trading, with the shares of tech stocks in the S&P 500 climbing 0.1% while the Philadelphia Semiconductor Index was falling 0.1%.

Among technology stocks moving on news:

(+) Simulations Plus ( SLP ) rose 6% after reporting net income of $0.16 per share during its Q3 ended May 31, improving on a $0.13 per share profit during the same quarter last year and beating the Capital IQ consensus by $0.02 per share. The modeling and simulations company also recorded a 16.2% revenue increase over year-ago levels to $9.94 million, also exceeding the $9.85 million Street view.

In other sector news:

(+) Revolution Lighting Technologies ( RVLT ) surged 135% Thursday after the Nasdaq Hearings Panel agreed to let the electronic components-maker's stock to continue trading on the Nasdaq Capital Market, subject to certain conditions. The company will be required to file periodic updates on its audit and remediation activities and becoming current in its Securities and Exchange Commission filings by Oct. 29 in addition to demonstrating compliance with all other listing requirements.

(-) EXFO ( EXFO ) fell 9% after late Wednesday projecting fiscal Q4 financial results trailing analyst estimates, upstaging better-than-expected earnings for the three months ended May 31. The network testing and monitoring firm sees net income of $0.02 per share to a $0.02 per share net loss on between $66 million to $71 million in sales compared with the Street view expecting EXFO to earn $0.03 per share on $74.2 million in revenue during the current quarter.

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: SLP , RVLT , EXFO

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