Technology

Technology Sector Update for 08/02/2018: ESIO,FTNT,ARRS

Top Tech Stocks

MSFT -0.75%

AAPL +0.07%

IBM -0.54%

CSCO -0.41%

GOOG -0.64%

Technology stocks were softer in today's pre-market.

Among technology stocks moving on news:

+ Electro Scientific Industries ( ESIO ) raced over 21% in early trading after the electronic components company reporting fiscal financial results beating analyst projections and issued Q2 earnings guidance also exceeding Street views.

In other sector news:

+ Fortinet ( FTNT ) climbed over 8% in early trade after reporting Q2 financial results exceeding the Capital IQ consensus, prompting analysts at BMO Capital Markets raising their price target for the company stock by $15 to $76 a share.

- HubSpot ( HUBS ) slid almost 4% lower Thursday morning after posting Q2 EPS, revenue trailing analyst estimates for the three months ended June 30.

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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