Technology
BOX

Technology Sector Update for 06/04/2019: BOX, COUP, UBER, MSFT, AAPL, IBM, CSCO, GOOG

Top Technology Stocks:

MSFT: +1.24%

AAPL: +1.02%

IBM: +0.77%

CSCO: +1.10%

GOOG: +0.64%

Leading technology stocks were gaining pre-market Tuesday.

Stocks moving on news include:

(-) Box (BOX), which was slumping by more than 14% as its adjusted net loss narrowed to $0.03 per share in Q1 from $0.07 loss per share a year earlier, a smaller loss than analysts' estimates of $0.05 loss per share in a Capital IQ poll.

(+) Coupa Software (COUP) was gaining more than 6% in value after the cloud-based business spend management platform provided an upbeat fiscal Q2 revenue outlook while reporting fiscal Q1 results that beat Wall Street expectations.

(+) Uber (UBER) is currently under a federal income tax examination by the Internal Revenue Service (IRS) for tax years 2013 and 2014 that could result in a reduction in unrecognized tax benefits by at least $141 million, according to a filing with the Securities and Exchange Commission. Uber was recently trading more than 3% higher.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BOX COUP UBER MSFT AAPL

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