Technology
ZS

Technology Sector Update for 03/01/2019: NTNX, ZS, WUBA, MSFT, AAPL, IBM, CSCO, GOOG

Top Technology Stocks:

MSFT: +0.60%

AAPL: +0.55%

IBM: Flat

CSCO: +0.58%

GOOG: +0.68%

Most tech giants were advancing pre-market Friday.

Stocks moving on news include:

(-) Nutanix ( NTNX ), which was declining more than 25% as the company offered a downbeat view for the fiscal Q3 and said fiscal second-quarter non-GAAP net loss widened to $0.23 a share from a loss of $0.14 a year earlier.

(+) Zscaler ( ZS ) was up more than 14% as its pro-forma adjusted EPS reversed to $0.09 in Q2 from net loss of $0.03 per share a year earlier, as revenue grew 65% to $74.3 million over the same period. Analysts polled by Capital IQ expected adjusted net loss of $0.01 per share on revenue of $66.25 million estimate.

(-) 58.com ( WUBA ) was retreating by over 7% after reporting Q4 adjusted earnings of RMB5.06 ($0.74) compared with RMB3.69 in the year-ago quarter. Analysts were expecting adjusted EPS of $0.71.

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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