Technology

Technology Sector Update for 10/07/2016: STRP

Top Technology Stocks:

MSFT: +0.3%

AAPL: +0.2%

IBM: +0.3%

CSCO: +0.3%

GOOG: -0.1%

Technology shares were mainly higher in early trade on Friday.

In technology stocks news, Straight Path Communications ( STRP ) reported wider losses for Q4 of fiscal 2016 on lower revenues.

Net loss was $3.8 million compared to last year's $1.8 million. Revenues were $0.1 million versus $0.2 million a year earlier.

Shares in the company were 2.7% lower at $26.27 in early trade. The stock has traded between $7.62 and $50 over the past 52 weeks.

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.

Other Topics

Commodities

Latest Technology Videos

Sundar Pichai's Google Move Will Increase Visibility, Techonomy's Kirkpatrick Says

David Kirkpatrick, chief executive officer and founder of Techonomy Media, discusses the decision by Google founders Larry Page and Sergey Brin to make Sundar Pichai chief executive officer of both Google and its holding company Alphabet Inc.

6 days ago