Markets

Technology Sector Update for 12/15/2015: MANT, ADI, QCOM

Top Technology Stocks:

MSFT: +0.8%

AAPL: -0.9%

IBM: +0.8%

CSCO: +0.8%

GOOG: +0.8%

Technology shares were higher in pre-market trade on Tuesday.

In technology stocks news, ManTech International ( MANT ) said it has won a contract with a potential value of the $34 million from the U.S. Army to provide support to its Distributed Common Ground System-Army Programs of Record modernization effort.

ManTech will provide software engineering support to system fielding; certification and accreditation information assurance; and other intelligence, surveillance, and reconnaissance technical assistance.

Shares in the company were unchanged at $31.06 pre-bell. This is within the upper band of the stock's 52 week trading range between $24.90 and $35.23.

Analog Devices ( ADI ) has been downgraded by Oppenheimer to a perform rating from outperform. Price target information was not available.

Shares in the company were also inactive pre-bell at $56.82.This is within the lower bad of the stock's 52 week trading range between $50.56 and $68.97.

And Qualcomm ( QCOM ) shares were 2.1% higher at $47.80 in recent pre-market trade after the wireless chip maker said it now expects its fiscal Q1 earnings to be at or modestly above the high end of its previous guidance ranges.

Shares in the company have traded between $45.93 and $75.72 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.

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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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