Technology Sector Update for 04/12/2019: INFY, CAMP, SABR, MSFT, AAPL, IBM, CSCO, GOOG

Top Technology Stocks:

MSFT: +0.57%

AAPL: +0.54%

IBM: +0.34%

CSCO: +0.63%

GOOG: +0.46%

Tech giants were trading higher pre-bell Friday.

Stocks moving on news include:

(-) Infosys (INFY), which was down more than 3% as it reported fiscal Q4 2019 adjusted earnings of $0.13 per share, flat with $0.13 in the same period a year ago and in line with the estimate of $0.13 from analysts polled by Capital IQ.

In other sector news:

(=) CalAmp (CAMP), which is being sued by Omega Patents for alleged patent infringement, said the US Court of Appeals for the Federal Circuit has remanded the case for a new trial. CalAmp was unchanged after the news.

(+) Sabre (SABR) was marginally higher after it signed a new content distribution agreement with Firefly, a subsidiary of Malaysia Airlines.

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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