Technology

Technology Sector Update for 06/13/2019: CRWD,TUFN,CODA,CTXS

Top Tech Stocks

MSFT +0.49%

AAPL +0.10%

IBM +0.60%

CSCO +0.33%

GOOG +0.88%

Technology stocks were hanging on for small gains late Thursday, with the shares of tech stocks in the S&P 500 advancing slightly more than 0.1% while the Philadelphia Semiconductor Index was rising over 0.3%.

Among technology stocks moving on news:

(+) CrowdStrike Holdings (CRWD) rose again during its second day as a public company, climbing almost 20% on Thursday following its 88% first-day advance. The cloud-based cybersecurity firm late Tuesday priced its initial public offering of 18 million shares at $34 apiece, topping its $28 to $30 projected range by a wide margin, and opened Wednesday at $63.86 a share, or just 4 cents under its eventual closing price.

In other sector news:

(+) Coda Octopus Group (CODA) climbed nearly 44% after the data acquisition and imaging software company Thursday reported fiscal Q2 net income of $0.18 per share, reversing a $0.01 per share net loss during the same quarter last year, while revenue grew 92% year over year to $6.8 million compared with $3.5 million in year-ago sales.

(+) Citrix Systems (CTXS) was fractionally higher after Thursday saying it has started a software license program to improve access for state and local agencies in California to its productivity and client-engagement tools.

(-) Tufin (TUFN) dropped 4% on Thursday after the Israeli software firm saw its non-GAAP Q1 net loss widen to $0.41 per share compared with a $0.04 per share adjusted loss during the same quarter last year but still topped the Capital IQ consensus by $0.01 per share.

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

CRWD TUFN CODA CTXS

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