Technology

Technology Sector Update for 02/27/2019: WATT, SE, PANW, MSFT, AAPL, CSCO, IBM, GOOG

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.

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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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