Markets

Technology Sector Update for 05/28/2015: AVGO, HPQ, PANW

Top Technology Stocks:Â

MSFT: -0.29%

AAPL: -0.65%Â

IBM: -0.27%

CSCO: -0.20%

GOOG: -0.20%

Technology stocks lower pre-market Thursday.

In technology stocks news, Palo Alto Networks ( PANW ) saw its price target boosted to $182 from $160 by Needham while the firm retained its buy rating in the wake of the company's quarterly results.

And, The Hewlett-Packard ( HPQ ) board Thursday reported it declared a regular cash dividend of $0.176 on common shares, up 10% from $0.16 sequentially.

Finally, Avago Technologies ( AVGO ) is higher in pre-market trading after the company reported that for Q2 ended May 3, 2015, its earnings topped analysts' expectations, while revenue was in line; it also announced that it will acquire semiconductor company Broadcom (BCRM).

Shares are up 0.01% at $141.50, with a 52-week range of $68.71 - $144.82.

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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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