Technology Sector Update for 11/20/2019: PAGS, AVYA, DPW, MSFT, AAPL, IBM, CSCO, GOOG

Top Technology Stocks:

MSFT: -0.54%

AAPL: -0.50%

IBM: -0.23%

CSCO: -0.37%

GOOG: -0.34%

Leading technology stocks were retreating pre-market Wednesday.

Early movers include:

(-) PagSeguro Digital (PAGS), which was more than 4% lower after reporting a non-GAAP net income of BRL1.03 per share for its Q3 ended Sept. 30, up from BRL0.74 per share during the same quarter last year but still trailing the Capital IQ consensus looking for BRL1.06 per share.

(+) Avaya (AVYA) was gaining more than 2% in value even after it reported a fiscal Q4 GAAP loss of $0.31 per share, compared with earnings of $2.41 in the same period a year ago. Analysts expected GAAP earnings of $0.02 per share.

(+) DPW Holdings (DPW) was advancing by more than 5% even as it posted a bigger Q3 net loss of $10.3 million compared with its loss of $7.4 million in the prior-year period.

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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