Technology
WK

Technology Sector Update for 08/14/2019: WK, DZSI, LIQT

Top Tech Stocks

MSFT -2.96%

AAPL -2.66%

IBM -3.17%

CSCO -3.91%

GOOG -2.83%

Technology stocks were sinking in afternoon trading, with the shares of tech stocks in the S&P 500 dropping 2.7% while the Philadelphia Semiconductor Index was falling 2.9%.

Among technology stocks moving on news:

(-) Workiva (WK) dropped 8% on Wednesday after pricing a $300 million private placement of its 1.125% convertible senior notes due 2026 and also pricing a $72.4 million secondary offering of nearly 1.3 million shares now owned by CEO Martin Vanderploeg and five other Workiva executives at $56.25 each, representing a 1.4% discount to Tuesday's closing price.

In other sector news:

(+) DASAN Zhone Solutions (DZSI) was nearly 4% higher after the networking equipment company late Tuesday reported non-GAAP net income of $0.26 per share and beating the Capital IQ consensus by $0.20 per share.

(-) LiqTech International (LIQT) retreated Wednesday, sinking 6.5%, after the gas and liquid purification technology company reported mixed Q2 financial results, including net income of $0.01 per share during the three months ended June 30 up from $0.00 per share during the same quarter last year but trailing the Capital IQ consensus expecting a normalized Q2 profit of $0.03 per share and GAAP earnings of $0.02 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

WK DZSI LIQT

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