Top Technology Stocks:
MSFT: -0.53%
AAPL: -0.30%
IBM: Flat
CSCO: +0.45%
GOOG: -0.37%
Technology majors were mixed pre-market Wednesday.
Stocks moving on news include:
(-) Energous ( WATT ), which was down more than 15% after the company announced Q4 revenue of approximately $56,000 and a net loss of $0.48 per share, and also unveiled a definitive agreement with institutional investors for a registered direct offering of $25 million worth of securities.
(+) Sea Limited ( SE ) was up more than 15% as i t report ed a Q4 net loss of $0.81 per share, down from a net loss of $0.90 per share in the prior-year period and narrower than the $0.90 GAAP loss estimated by analysts polled by Capital IQ.
(+) Palo Alto Networks ( PANW ) was gaining about 10% in value as its adjusted EPS rose to $1.51 in Q2 from $1.05 a year earlier, outpacing analysts' estimates of $1.22 in a Capital IQ poll.
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.
