Top Tech Stocks
Technology stocks held small declines this afternoon, with shares of tech companies in the S&P 500 ( XLK ) posting a more than 0.3% drop. In company news, Zedge Inc. ( ZDGE ) was ending Thursday with a sizable gain, holding on to most of a 14% advance to a session high of $2.25 a share today, after the digital content platform company narrowed its fiscal Q4 net loss and increased revenue compared with year-ago levels.
The company last night reported a net loss of $0.02 per share during the three months ended July 31, improving on an $0.08 per share net loss during the same period last year while revenue rose 3.9% year over year to $2.55 million. No analyst estimates were available for comparison.
In other sector news,
(+) RGSE, Reports a 59% rise in Q3 net sales over Q2 levels, or $4.75 mln compared with $3.0 mln in consolidated contract revenue during the three months ended June 30. No analyst estimates were available for comparison.
(-) BHE, Reduced to Hold from Buy in a downgrade today at Needham & Co.
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