Top Tech Stocks
Technology stocks were falling today, with shares of technology companies in the S&P 500 slipping around 1.2%.
In company news, Stratasys Ltd. ( SSYS ) shares declined Monday after the 3-D printer company was cut to Hold from Buy at Deutsche Bank.
Price target information was not available.
SSYS shares were down more than 3% at $26.73 apiece, earlier sinking to a session low of $26.31 a share.
In other sector news,
(+) LFUS, Confirms $350 mln purchase of TE Connectivity Ltd’s circuit protection business. Expects deal to immediate increase quarterly earnings. Company projects around $10 mln in synergies each year beginning in 2017.
(-) COMM, Q3 revenue falls 2.8% from last year to $972.6 mln, trailing $1.07 bln consensus estimate. Forecast expecting Q4 EPS of $0.39 to $0.44, lagging Street view expecting $0.53 per share. Q4 revenue guidance also misses.
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