Technology

Technology Sector Update for 08/16/2017: JKHY, LOGX, MICT

Highs and Lows Stock Data

Top Tech Stocks

MSFT +0.42%

AAPL -0.32%

IBM +0.31%

CSCO +0.69%

GOOG +0.54%

Technology stocks were giving back much of their prior gains, with shares of tech companies in the S&P 500 still hanging on to a 0.2% gain this afternoon.

In company news, Jack Henry & Associates ( JKHY ) slumped Wednesday, with shares of the technology consulting firm earlier hitting a session low of $100.05 a share despite last night reporting an increase in fiscal Q4 revenue topping analyst projections.

Revenue at the company rose 5% over year-ago levels to $383.8 million, topping the Capital IQ consensus by slightly less than $11 million. It earned $0.83 per share during the three months ended June 30, improving compared with a non-GAAP profit of $0.78 per share last year and matching Street views for the April-to-June reporting period.

In other sector news,

(+) RADA, (+7.2%) Wins $8 mln contract award to provide the U.S. military with dozens of the company's multi-mission hemispheric radars for air surveillance. Additional orders also are possible in the future, the company said.

(-) MICT, (-10.6%) Reports non-GAAP net loss of $0.18 per share, expanding on a $0.16 per share loss last year, while revenue rises 12% over year-ago levels to $5.9 mln. No analyst estimates were available.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

LOGX MICT JKHY

Other Topics

Commodities