Know-how Sector Replace for 02/14/2020: PDFS,SVMK,VECO,ANET

Technology Sector Update for 11/11/2019: CARB, OTEX, SPWR, FB, MSFT, AAPL, IBM, CSCO, GOOG

High Tech Shares

MSFT +Zero.52%

AAPL -Zero.25%

IBM -2.44%

CSCO -Zero.88%

GOOG +Zero.27%

Know-how shares nonetheless have been posting small good points Friday afternoon, with the shares of tech shares within the S&P 500 climbing about Zero.2%, overcoming a Zero.four% decline for chipmakers as measured by the Philadelphia Semiconductor Index.

Amongst expertise shares transferring on information:

(-) PDF Options (PDFS) fell over four% after the software program firm missed Wall Avenue estimates with its This fall earnings, upstaging better-than-expected income for the interval. Excluding one-time gadgets, it earned $Zero.03 throughout the remaining three months of 2019, reversing a $Zero.01 per share internet loss throughout the year-ago interval however nonetheless lagging the Capital IQ consensus by $Zero.02 per share.

In different sector information:

(+) SurveyMonkey (SVMK) Friday jumped 18% Friday, earlier touching an all-time excessive of $22.03 a share after reporting better-than-expected This fall monetary outcomes and in addition forecasting Q1 and FY20 income exceeding analyst estimates. Excluding one-time gadgets, the survey software program agency narrowed its This fall internet loss to $Zero.02 per share on $84.three million in income, beating the Capital IQ consensus anticipating a $Zero.04 per share adjusted internet loss and $83.eight million in income.

(+) Veeco Devices (VECO) climbed 11% after the chip-making provider reported non-GAAP This fall internet revenue of $Zero.11 per share, reversing a $Zero.16 per share adjusted loss throughout the identical quarter final 12 months and doubling up the Capital IQ consensus anticipating $Zero.08 per share. Income rose 14.three% year-over-year to $113.2 million, additionally beating the $111.1 million analyst imply.

(-) Arista Networks (ANET) declined 6% on Friday after the cloud networking gear agency reported non-GAAP internet revenue of $2.29 a share and $552.5 million in income throughout its This fall ended Dec. 31. Analysts, on common, had been anticipating the corporate to earn $2.09 per share, excluding one-time gadgets, on $551.four million in income.

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.

Author: tmode

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