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Technology Sector Update for 12/07/2018: CMTL, AVGO, IBM, MSFT, AAPL, CSCO, GOOG


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Top Technology Stocks:

MSFT: -0.60%

AAPL: -0.21%

IBM: +0.23%

CSCO: -.0.10%

GOOG: +0.23%

Technology stocks were mostly declining in Friday's pre-bell trading.

Moving stocks include:

(+) Comtech Telecommunications ( CMTL ), which was up by more than 6% after it posted diluted EPS of $0.14 in Q1, beating analysts' estimates of a GAAP net loss of $0.06 per share in a Capital IQ poll, and reversing from a net loss of $0.07 per share.

(+) Broadcom ( AVGO ) was more than 4% higher as it reported fourth-quarter earnings and revenue that both topped forecasts. Non-GAAP earnings came in at $5.85 a share, up from $4.59 a share in the year-earlier period, topping consensus compiled by Capital IQ for $5.58 a share.

(-) International Business Machines ( IBM ) and India's HCL Technologies said late Thursday they have reached a deal for IBM to sell select software products to HCL for $1.8 billion. IBM was slightly down after the news.

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: CMTL , AVGO , IBM , MSFT , AAPL




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