Friday , 19 January 2018

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Technology Sector Update for 09/23/2016: TWTR,GOOGL,CRM,IMPV,ENPH


Shutterstock photo

Top Tech Stocks

MSFT -0.62%

AAPL -1.56%

IBM -0.61%

CSCO -1.01%

GOOG -0.02%

Technology stocks continued to trend lower this afternoon, with shares of tech companies in the S&P 500 sinking about 0.8%.

In company news, Twitter ( TWTR ) was set to finish the week with a large gain Friday following reports Alphabet ( GOOGL ) and Salesforce ( CRM ) are considering bids for the micro-blogging company.

Citing unnamed sources, Re-code said Twitter is seeking a deal worth at least $30 billion. The Financial Times also was reporting the company has hired Goldman Sachs to assist with efforts to identify a potential buyer.

TWTR shares were up more than 22% at $22.77 each just before the closing bell, previously topping out today at $22.89 a share.

In other sector news,

(+) IMPV, Reportedly considering separate buyout proposals from Cisco ( CSCO ) and Forcepoint – a joint venture between Raytheon ( RTN ) and Vista Equity Partners – according to Bloomberg.

(-) ENPH, Announces plans to idle 11% of global workforce as part of a company-wide restructuring expected to save about $20 mln yearly.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Technology Sector Update for 09/23/2016: TWTR,GOOGL,CRM,IMPV,ENPH Reviewed by on . Shutterstock photo Top Tech Stocks MSFT -0.62% AAPL -1.56% IBM -0.61% CSCO -1.01% GOOG -0.02% Technology stocks continued to trend lower this afternoon, with sh Shutterstock photo Top Tech Stocks MSFT -0.62% AAPL -1.56% IBM -0.61% CSCO -1.01% GOOG -0.02% Technology stocks continued to trend lower this afternoon, with sh Rating:
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