Technology Sector Update for 08/27/2019: DGLY, NETE, BOSC, GTT

Top Technology Stocks:

MSFT: +0.21%

AAPL: -1.13%

IBM: +0.91%

CSCO: -0.66%

GOOG: -0.09%

Technology stocks closed mixed in Tuesday trade, with the shares of tech stocks in the S&P 500 down 0.1% in value while the Philadelphia Semiconductor Index was falling over 0.3%.

Among technology stocks moving on news:

(+) Digital Ally (DGLY) rallied 35% after the company received a patent allowing for a device and software that will help police officers conduct sobriety tests during traffic stops.

In other sector news:

(+) Net Element (NETE) soared 9% after the company said it expects Q3 revenue in its international transactions operation to rise 40% over Q2.

(-) B.O.S. Better Online Solutions (BOSC) was down 7% after the firm reported Q2 adjusted EPS of $0.05 per basic share compared with $0.06 per basic share in the comparable quarter of last year.

(-) GTT Communications (GTT) dropped 7% on news of its CFO Mike Sicoli resigning Sept. 30.

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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