Technology

Technology Sector Update for 12/21/2018: CAMP, ARLO, CRCM, IDTI, MSFT, CSCO, AAPL, IBM, GOOG

Top Technology Stocks:

MSFT: +1.02%

AAPL: +0.59%

IBM: +0.28%

CSCO: +0.96%

GOOG: +50%

Tech stocks were mostly rallying pre-bell Friday.

Moving stocks include:

(-) CalAmp ( CAMP ), which was sinking by more than 8% after the technology company guided for downbeat revenue for its current fiscal quarter.

(+) Arlo Technologies ( ARLO ), which provides smart connected devices and Care.com ( CRCM ), an online marketplace for finding and managing family care, are both set to join the S&P SmallCap 600. CRCM was up more than 8%.

In other sector news:

(+) Integrated Device Technology Inc. ( IDTI ) was up more than 1% after it said in a regulatory filing that it has received clearance from the State Administration for Market Regulation of the People's Republic of China for the planned $6.7 billion purchase of IDT by Japanese chip maker Renesas Electronics Corp.

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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