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.
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