Technology

Technology Sector Update for 02/08/2019: UBNT

Technology stocks were narrowly lower Friday afternoon, with shares of tech companies in the S&P 500 falling about 0.2% while the Philadelphia Semiconductor Index was down almost 1.1% in recent trading. Among technology stocks moving on news, Ubiquiti Networks ( UBNT ) raced almost 15% higher on Friday after the networking equipment company reported non-GAAP net income of $1.33 per share for its fiscal Q2 ended Dec. 3, improving on a $0.76 per share adjusted profit during the same quarter in 2017 and beating the Capital IQ consensus by $0.30 per share.

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.

Other Topics

Commodities

Latest Technology Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More