Technology

Technology Sector Update for 12/26/2018: SFET,TWLO,VVPR

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Top Tech Stocks

MSFT, +4.10%

AAPL, +3.43%

IBM, +0.64%

CSCO, +3.22%

GOOG, +3.90%

Technology stocks were firming in recent trading, with the shares of tech companies in the S&P 500 adding nearly 3.2% in value, while the Philadelphia Semiconductor Index was rising about 2.6%.

Among technology stocks moving on news:

(+) Safe-T Group Ltd. ( SFET ) soared over 64% at one point on Wednesday after the data-security company said it received an order for its Software Defined Access product from an Israeli-based global food and beverage company. The financial value and other details of the contract were not disclosed.

In other sector news:

(+) Twilio ( TWLO ) gained almost 10% Wednesday after analysts at Canaccord Genuity on Monday selected the cloud communications company as its top pick among "High Growth Optionality" software stocks for 2019, saying its share price was "holding up better than we expected following [an] explosive 32% post-earnings pop."

(-) VivoPower International ( VVPR ) dropped 11.6% on Wednesday after the British solar power producer said it was in advanced talks with potential buyers for its US solar portfolio.

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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