Top Tech Stocks

MSFT -0.20%

AAPL -1.00%

IBM -0.27%

CSCO -0.27%

GOOG -0.49%

Technology stocks were declining in recent trading, with shares of tech companies in the S&P 500 on a nearly 0.5% decline.

In company news, Science Applications International ( SAIC ) slid to a 14-month low on Friday, with shares of the technology consulting company falling almost 19% to touch their lowest price since July 2016 at $60.80 each after the company last night reported Q2 net income lagging Wall Street expectations.

The company earned $0.80 per share during the three months ended Aug. 4, down $0.01 per share compared with the same quarter last year and trailing the Capital IQ consensus by $0.12 per share. Revenue declined 2% from year-ago levels to $1.08 billion, roughly in-line with the analyst mean.

In other sector news,

(+) MARA, (+6.8%) Mark Groussman through his Melechdavid Inc. asset management company and a family foundation reports owning a passive 9.99% stake, acquiring more than 2.45 mln shares, according a new regulatory filing.

(-) TNTR, (-29.2%) Fiscal Q1 revenue rises 27% over year-ago levels to $34.9 mln but still lags the $35.7 mln Capital IQ consensus. Narrows non-GAAP net loss to $0.91 per share, beating the analyst mean by $0.07 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.


Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



Source link

LEAVE A REPLY