Markets

Technology Sector Update for 05/02/2019: CACI,AYX,TTEK,CDAY

Top Tech Stocks

MSFT -1.18%

AAPL -0.48%

IBM -0.46%

CSCO -1.24%

GOOG -0.62%

Technology stocks reversed course this afternoon, with the shares of tech stocks in the S&P 500 falling almost 0.4% although the Philadelphia Semiconductor Index still was rising almost 1.1%.

Among technology stocks moving on news:

(+) CACI International (CACI) rose over 7% on Thursday after the cyber-security and information systems company reported net income of $2.69 per share during its fiscal Q3 ended March 31, improving on a $2.56 per share profit during the same quarter last year and beating the Capital IQ consensus by $0.39 per share. Revenue grew 12.5% to $1.27 billion compared with $1.12 billion during the year-ago period, also exceeding the $1.24 billion analyst mean.

In other sector news:

(+) Alteryx (AYX) jumped 9% Thursday after the data analytics company reported a surprise Q1 profit, earning $0.04 per share during the three months ended March 31, excluding one-time items, and topping the Capital IQ consensus looking for a $0.07 per share net loss. Revenue grew 51% year over year to $76 million, also exceeding the $71.4 million Street view.

(+) Tetra Tech (TTEK) was 6% higher after late Wednesday reporting adjusted net income of $0.70 per share during its Q2 ended March 31, up 30% over the year-ago period and beating the Capital IQ consensus by $0.06 per share. Net revenue rose to $585.4 million from $532.8 million during the same quarter last year, also topping the $552.7 million analyst mean.

(-) Ceridian (CDAY) dropped 4% after the human resources software firm reported a 7.9% increase in Q1 sales over year-ago levels, reaching $203.7 million and narrowly trailing the $203.99 million analyst consensus.

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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CACI AYX TTEK CDAY

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