Markets

Sector Update: Tech

Technology shares were generally higher in pre-market trade Tuesday.

In technology stocks news, Cheetah Mobile ( CMCM ) ADRs were up 5% at $28.32 in pre-market trade after the Chinese software maker reported profit increased by ten times, beating expectations, as revenue more than doubled.

And, CYREN ( CYRN ), which provides cloud-based security solutions, said its Q2 net loss widened, while revenue edged higher.

The non-GAAP loss per basic and diluted share was $0.04, compared breakeven in the year-ago period. Analyst estimates weren't available for earnings.

Revenues were $8.3 million up from $8.1 million in the second quarter of 2013 and shy of the $8.5 million estimate of one analyst polled on Capital IQ.

Finally, Energous Corp. ( WATT ), the developer of WattUp wire-free charging technology, has agreed to a joint collaboration with Dialog Semiconductor to develop reference designs to engage customers and further evaluate the market for wire-free power.

Shares of WATT are at $12.40 within a 52-week range of $7.76 - $16.44.

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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CMCM WATT CYRN

Other Topics

Commodities