Markets

Technology Sector Update for 12/18/2014: AMZN, SNE, ZAGG

Top Technology Stocks:

MSFT: +1.16%

AAPL: +1.66%

IBM: +1.11%

CSCO: +1.08%

GOOG: +1.01%

Technology shares were higher in pre-market trade Thursday, lifting along with the broader stock market.

Sony ( SNE ) Thursday said it and a subsidiary, Sony Computer Science Laboratories ( CSL ), will establish Sony Global Education, and offer online education in Japan and other countries, after April 1, 2015. Sony is grappling with turmoil over the release of its movie, The Interview, which it has pulled from theatres.

SNE is up 2.8% at $20.96 pre-market.

And, Amazon.com ( AMZN ) Thursday reported it would offer one-hour delivery service for a $7.99 charge in selected areas to customers who pay annual membership fees, called "Prime Members." However, there will be no charge for delivery in two hours, said AMZN, the web-based retail and books giant.

AMZN posits that customers will order "daily essentials" through the "Prime Now" mobile app, including products such as paper towels, shampoo, books, toys and batteries.

Finally, ZAGG ( ZAGG ) a mobile device accessories company, late Wednesday updated financial guidance for fiscal year 2014.

The company stated that net sales are forecast to be in a range of $250 million to $255 million, up from a previous guidance range of $225 million to $235 million, with corporate gross margin in the low 30's versus the previously forecast of high 20's, and adjusted EBITDA in a range of $30 million to $32 million versus the previous forecast of $15 to $20 million. The Street expects $232 million in revenue and EBITDA of $17.4 million, according to Capital IQ estimates.

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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