Top Tech Stocks
Technology stocks are moderately higher with shares of technology companies in the S&P 500 adding about 0.7%.
In company news, Veeva Systems Inc. ( VEEV ) is set to close with an 85% advance over its IPO price after raising $260.9 million from its initial public offering of stock.
The maker of of Web-based software for the medical industry twice raised it IPO price, finally setting on a $20 price tag for each of its $13.05 million shares offered to the public.
With today's gains, VEEV has a market capitalization of around $4.4 billion.
In other sector news,
(+) MLNK, Narrows fiscal Q4 net loss by over 63% from year-ago levels to $0.17 per share. Revenue climbs 4.6% year over year to $181 mln. No analyst estimates were avaible for comparison.
(-) OCZ, Non-GAAP Loss of $0.26 per share is $0.08 wider than expectations; Sales plunge 62% from year-ago levels to $33.5 mln, also trailing estimates by $6.64 mln. Data-storage firm also says it won't provide guidance for upcoming quarters.
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