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Technology Sector Update for 11/19/2018: ZAYO, BX, KKR, AAPL, SOL, MSFT, AAPL, IBM, CSCO, GOOG


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Top Technology Stocks:

MSFT: -0.45%

AAPL: -1.95%

IBM: -0.22%

CSCO: -0.30%

GOOG: -0.22%

Tech stocks were mixed in early Monday trading.

Stocks moving on news include:

(+) Zayo Group Holdings ( ZAYO ), which was up by more than 9% after reports that it has drawn takeover interest from buyout firms Blackstone ( BX ) and KKR ( KKR ) and Stonepeak Partners. The Boulder, Colo.-based communications infrastructure services provider unveiled plans earlier this month to split into publicly traded companies.

In other sector news:

(-) Apple ( AAPL ) was lower by more than 1% after the Wall Street Journal reported that the company has trimmed production orders for its three recently released iPhone models as the technology company grapples with lower-than-expected demand for the devices.

(=) ReneSola ( SOL ) was unchanged as its Q3 earnings and revenue declined from the comparable quarter last year, and it provided revenue guidance for Q4.

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: ZAYO , BX , KKR , AAPL , SOL



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