Markets

Technology Sector Update for 12/21/2015: FARO, IDI

Top Technology Stocks:

MSFT: +1.2%

AAPL: +1.1%

IBM: flat

CSCO: +0.4%

GOOG: +0.6%

Technology shares were mainly higher in pre-market trade on Monday.

In technology stocks news, FARO Technologies ( FARO ), which makes three-dimensional measurement, imaging and realization systems, has been upgraded by Needham & Company to a buy rating from a hold. The firm set its price target on the stock at $37 a share.

Shares in the company were unchanged at $27.61 pre-bell. This is within the lower band of the stock's 52 week trading range between $24.25 and $65.63.

And information solutions provider IDI ( IDI ) Monday reported the release of the beta version of its new idiCORE data analytics platform to select customers.

The company plans to expand the beta release of idiCORE into 2016, with a full market rollout planned for Q1 2016.

Shares in the company were 2.8% higher at $7.97 pre-bell. The company has traded between $3.60 and $12.80 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.

In This Story

FARO

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More