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Technology stocks were narrowly lower on Friday, with shares of tech companies in the S&P 500 sinking slightly less than 0.2%.

In company news, Immersion Corp ( IMMR ) stumbled Friday after the haptic technologies company swung to a non-GAAP net loss and weaker-than-expected during its October-to-December fiscal period.

Excluding one-time items, the company recorded an adjusted Q4 net loss $0.27 per share, reversing a $0.07 per share non-GAAP profit during the same quarter last year and coming in $0.08 per share wider than the Capital IQ consensus. Revenue declined 44% from year-ago levels to $9.3 million, also lagging the $10.7 million analyst mean.

IMMR shares were down over 18% at $8.74 each in afternoon trade, recovering moderately from a session low earlier today of $8.27 a share.

In other sector news,

(+) SNAP, (+11.4%) Susquehanna begins analyst coverage with a Neutral rating and a $22 a share price target. Comcast ( CMCSA ) says its NBCUniversal unit invested $500 million in Snap during its initial public offering.

(-) NTNX, (-23.0%) Morgan Stanley downgrade to Underweight from Equal-Weight follows the company forecasting a fiscal Q3 net loss of $0.45 to $0.48 per share, or at least $0.10 per share wider than the Capital IQ consensus. RBC Capital Markets lowers price target by $4 to $34 a share, reiterating Outperform rating.


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