Markets

Technology Sector Update for 12/18/2015: GDDY,BBRY,EMAN

Top Tech Stocks

MSFT -1.54%

AAPL -2.61%

IBM -0.93%

CSCO -1.24%

GOOG -0.75%

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.

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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