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Technology Sector Update for 02/04/2016: ZHNE, SHEN

Top Technology Stocks:

MSFT: -0.9%

AAPL: +0.3%

IBM: +1.9%

CSCO: +1.2%

GOOG: -2.8%

Technology shares were mainly higher in early afternoon trade on Thursday.

In technology stocks news, Zhone Technologies ( ZHNE ) said in a Securities and Exchange Filing chairman Morteza Ejabat resigned, effective immediately.

The company said it does not intend to fill the vacancy at this time, but may nominate a replacement for election in the future. It has appointed current board member Richard Kramlich to serve as interim chairman.

Shares in the company were 1.4% lower at $1.37 in recent trade. The company has traded between $0.91 and $3.04 over the past 52 weeks.

And Shenandoah Telecommunications Co ( SHEN ) was initiated with a buy rating and price target of $35 a share by BWS Financial on Thursday.

Shares in the company were 1.0% lower at $22.10 in recent trade. The company has traded between $13.81 and $25.67 over the past 52 weeks.

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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