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Technology Sector Update for 11/08/2018: CYBR, ALRM, COMM, ARRS, MSFT, AAPL, IBM, CSCO, GOOG


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Top Technology Stocks:

MSFT: -0.20%

AAPL: -0.26%

IBM: -1.27%

CSCO: +0.21%

GOOG: -0.32%

Technology stocks were mostly declining pre-market Thursday.

Early movers include:

(+) CyberArk Software ( CYBR ), which was rallying more than 17% as its adjusted EPS rose to $0.48 in Q3 from $0.25 a year earlier, blowing past analysts' estimates of $0.27 in a Capital IQ poll.

(+) Alarm.com Holdings ( ALRM ) was gaining more than 16% after its adjusted EPS rose to $0.36 in Q3 from $0.27 a year earlier, easily beating analysts' estimates of $0.25 in a Capital IQ poll.

(-) CommScope Holding ( COMM ) was down more than 12% after the network infrastructure provider reported Q3 results that missed analysts' estimates and said it would acquire the telecom equipment maker Arris International ( ARRS ) for $7.4 billion. Arris, meanwhile, was rallying more than 11%.

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: CYBR , ALRM , COMM , ARRS , MSFT



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