csco

Technology Sector Update for 01/30/2017: MSFT, AAPL, UBM, CSCO, GOOGL, DGLY, VOD, FIT

Top Technology Stocks:

MSFT: -1.1%

AAPL: -0.7%%

IBM: -1.2%

CSCO: -0.7%

GOOGL: -2.2%

Technology shares were lower at mid-day Monday.

In technology stocks news, Digital Ally ( DGLY ) surged 14.6% after it announced its "largest commercial order ever received" for the sale and installation of DVM-250 event recorder video systems to American Medical Response and ongoing FleetVu Manager cloud storage services.

AMR's initial order for deployment during 2017 includes approximately 1,550 three-camera DVM-250 systems, installation and cloud storage services, representing 2017 revenues approximating $2 million. Shipments will begin immediately.

In other sector news,

(+) VOD, (+1.4%) Confirmed reports that it is currently engaged in discussions with the Aditya Birla Group for a potential combination of Vodafone India and Idea Cellular

(-) FIT, (-13%) Slashed sales and profit expectations, provided guidance for FY17 below Street view and unveiled 6% workforce reduction

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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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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