Top Tech Stocks
MSFT -0.95%
AAPL -0.04%
IBM -0.77%
CSCO -0.54%
GOOG -0.87%
Technology stocks were hanging on for slim gains this afternoon, with the shares of tech stocks in the S&P 500 were adding slightly more than 0.1% in value although the Philadelphia Semiconductor Index was rising over 0.5%.
Among technology stocks moving on news:
(+) QuickLogic ( QUIK ) was nearly 5% higher in late trade after the specialty chipmaker revised its loan and security agreement with Heritage Bank of Commerce, including a $6 million increase in its revolving line of credit to $15 million.
In other sector news:
(+) Ability Inc. ( ABIL ) soared as much as 57% higher on Friday after the Israeli cyber intelligence software company said its founders agreed to convert the company's $1.5 million (NIS5.5 million) credit line into equity.
(+) Quantum ( QTM ) was 36% higher in late afternoon trading, giving back some of a 50% gain that followed the data-storage company refinancing all of its existing debt with a $165 million senior secured term loan facility and a $45 million revolving credit line.
(+) ADDvantage Technologies Group ( AEY ) jumped almost 15% higher at one point during Friday trading after the electronics manufacturer announced its $1.7 million purchase of Fulton Technologies and Mill City Communications, significantly expanding its wireless telecommunications offerings. The company also reported a fiscal Q4 net loss of $0.47 per share compared with a $0.03 per share net loss during the year-ago period. Net sales declined 11.4% year over year to $10.9 million.
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.
