Technology

Technology Sector Update for 06/28/2017: ALOG, NTNX, NUAN, GOOGL, GOOG

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MSFT +0.62%

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IBM +0.43%

CSCO +1.40%

GOOG +0.71%

Technology stocks were recovering from their deep declines made on Tuesday, with shares of tech companies in the S&P 500 rising nearly 1.0%.

In company news, Analogic ( ALOG ) carved out a big gain on Wednesday, with the threat detection company recently rising more than 9% to a session high of $74.40 a share after late Tuesday announcing a joint partnership with American Airlines ( AAL ) that will greatly expand the use of its computed tomography technology at airports worldwide.

Under terms of the agreement, American will buy multiple units of the ConneCT aviation checkpoint security screening system from Analogic.

The Transport Security Administration also is currently conducting its certification process for the Analogic screening system, and on June 15 began a demonstration in collaboration with American Airlines screening passenger's carry-on bags at Phoenix Sky Harbor International Airport.

In other sector news,

(+) NTNX, (+7.5%) Analysts at Robert W. Baird & Co said they were "increasing positive" about the company's cloud partnership agreement with Alphabet's (GOOG,GOOGL) Google unit announced earlier this week.

(-) NUAN, (-0.9%) Hires "leading" cyber-security experts after portions of its network were affected by a global malware incident onTuesday.

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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