Technology Sector Update for 12/13/2018: CIEN, AAPL, QCOM, QTRH, MSFT, IBM, CSCO, GOOG

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Top Technology Stocks:

MSFT: +0.61%

AAPL: +0.50%

IBM: +0.14%

CSCO: +0.70%

GOOG: +0.50%

Technology stocks were inching higher pre-market Thursday.

Stocks moving on news include:

(+) Ciena ( CIEN ), which was up more than 8% as the network strategy and technology company posted fiscal Q4 adjusted earnings of $0.53 per share, up from $0.32 in the same period a year ago and exceeding the estimate of $0.48 from analysts polled by CapIQ.

In other sector news:

(+) The US International Trade Commission has agreed to review a ruling that a ban on imports of some Apple ( AAPL ) iPhones into the US was not in the public interest. The trade body will also examine judge's finding that Apple infringed one of three Qualcomm ( QCOM ) patents in the case, according to media reports. Both companies were recently trading higher.

(=) Quarterhill ( QTRH ) was unchanged after its Wi-LAN unit said its wholly owned subsidiary, Collabo Innovations, has granted a non-exclusive license for OmniVision's CMOS image sensor products. OmniVision payment to Collabo and all other terms of the agreement are confidential, Wi-LAN added.

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: CIEN , AAPL , QCOM , QTRH , MSFT

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