Technology Sector Update for 08/04/2020: SPNS, HLIT, LDOS, XLK, XSD

Technology firms were declining pre-bell Tuesday. The Technology Select Sector SPDR ETF (XLK) was 0.61% lower and the SPDR S&P Semiconductor (XSD) was recently down more than 0.02%.

Sapiens International (SPNS) was gaining more than 8.6% in value as it posted Q2 non-GAAP diluted EPS of $0.26, up from $0.19 for the same period last year. On average, analysts polled by Capital IQ were expecting non-GAAP diluted EPS of $0.21.

Harmonic (HLIT) was climbing past 18% after it reported a Q2 non-GAAP loss per diluted share of $0.06, wider than $0.04 loss a year ago. The result was still better than the $0.13 loss consensus estimate of analysts polled by Capital IQ.

Leidos Holdings (LDOS) was advancing 0.7% as it posted fiscal Q2 non-GAAP EPS of $1.55, up from $1.16 a year earlier. That beat the $1.09 average estimate of analysts polled by Capital IQ.

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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