Technology Sector Update for 11/09/2018: YELP, FNSR, IIVI, ATVI, MSFT, AAPL, IBM, CSCO, GOOG

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Top Technology Stocks:

MSFT: -0.67%

AAPL: -1.31%

IBM: -0.31%

CSCO: -0.81%

GOOG: -0.87%

Technology stocks were trading down pre-market Friday.

Early movers include:

(-) Yelp ( YELP ), which was more than 31% lower after it reported a sharp increase in Q3 earnings, but said that business slowed in the quarter and forecast revenue for the year below Wall Street expectations.

(-) Activision Blizzard ( ATVI ) was declining by more than 13%. Thursday it reported net income declined versus year ago and expectations in Q3, as revenue came in at $1.51 billion, compared with $1.61 billion in the year-ago quarter. Analysts polled by Capital IQ were expecting revenue of $1.66 billion.

(+) Finisar ( FNSR ) was gaining more than 22% after the Californian communications company said that it had agreed to be acquired by II-VI ( IIVI ), a provider of optoelectrical components, for approximately $3.2 billion.

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: YELP , ATVI , FNSR , IIVI , MSFT

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