Technology

Technology Sector Update for 03/07/2019: CTK, SSYS, GWRE, MSFT, AAPL, IBM, CSCO, GOOG

Top Technology Stocks:

MSFT: -0.09%

AAPL: +0.10%

IBM: -0.12%

CSCO: Flat

GOOG: +0.18%

Tech majors were narrowly mixed in Thursday's pre-bell trading.

Early movers include:

(-) CooTek ( CTK ), which was declining by more than 8% after reporting Q4 adjusted profit of $4.9 million or $0.07 per American depositary share, compared with an adjusted net loss of $2 million in the prior-year period.

(-) Stratasys ( SSYS ) was down more than 4% as i t report ed Q4 adjusted earnings of $0.21 per share, up from $0.16 in the same period a year ago and exceeding the estimate of $0.19 from analysts polled by Capital IQ.

(+) Guidewire Software ( GWRE ) was gaining more than 12% after the company reported financial results for fiscal Q2, with earnings and revenue that both topped analysts' expectations; it also provided guidance for Q3 and fiscal 2019.

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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