Technology

Technology Sector Update for 07/22/2021: NTGR, TXN, VERI

Technology stocks were mixed in the lead up to Thursday's opening bell. The Technology Select Sector SPDR ETF (XLK) was 0.14% higher while the Semiconductor Sector Index Fund (SOXX) was down 0.54% recently.

Netgear (NTGR) was dropping more than 15% after the computer networking company reported an increase in EPS and a 10% rise year over year in sales in Q2 but guided Q3 sales below Street views.

In other company news, Veritone (VERI) was up almost 9% after announcing its plan to acquire intelligent hiring solutions provider PandoLogic for $150 million in cash and stock.

Texas Instruments (TXN) was down 4% after the semiconductor company reported higher adjusted profit and revenue in its most recent quarter.

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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