Technology

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

Top Tech Stocks

MSFT +0.67%

AAPL +0.89%

IBM +0.95%

CSCO +0.38%

GOOG +1.11%

Technology stocks were climbing Thursday, with the shares of tech companies in the S&P 500 advancing more than 0.4% in recent trading while the Philadelphia Semiconductor Index was rising nearly 0.5%.

Among technology stocks moving on news:

(-) Tufin (TUFN) dropped 6% 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.

In other sector news:

(+) Coda Octopus Group (CODA) climbed 41% 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.

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

TUFN CODA CTXS

Latest Technology Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More