Technology Sector Update for 12/21/2015: RAX,NTWK,RAX
Top Tech Stocks
Technology stocks were hanging on to narrow gains this afternoon, with shares of tech companies in the S&P 500 adding around 0.1% in recent trading.
In company news, Rackspace ( RAX ) was narrowly higher in late Monday trading after Goldman Sachs today began analyst coverage of the cloud computing services company with a Neutral rating and a $27 price target.
RAX shares were up about 0.5% just before the closing bell at $25.04 apiece, rebounding from an earlier drop as low as $23.97 a share.
In other sector news,
(+) NTWK, Signs contract valued above $100 mln, including license, maintenance, services and expected customization with an unnamed long-standing customer.
(-) ESLT, Announces non-material contract to supply RUAG Defence with its CYBERBIT's CyberShield trainer and simulator.
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