Top Tech Stocks
Technology stocks were mostly underwater today, with shares of tech companies in the S&P 500 sinking nearly 1.6%.
In company news, GoDaddy ( GDDY ) was higher late Friday after analysts at Monness Crespi & Hardt today increased their price target for the Internet domain seller by $5 to $38 a share while also reiterating their Buy recommendation for the stock.
GDDY shares were up about 1.5% this afternoon at $34.19 each following a mid-morning advance to $35.20 a share.
In other sector news,
(+) BBRY, Adjusted Q3 net loss of $0.03 per share is $0.12 smaller than Capital IQ consensus. Revenue falls 30.9% to $548 mln, also topping Street view expecting $487.98 mln. Sees Q4 revenue growing over prior quarter, exceeding expectations for $529.81 mln.
(-) EMAN, Prices $6 mln direct offering of 4 mln shares at $1.50 apiece. Also issues warrants with 66-month term and exercisable at $2.05 a share.
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