Top Technology Stocks:
MSFT: +2.77%
AAPL: +2.87%
IBM: +3.68%
CSCO: +2.58%
GOOG: +2.96%
Top technology stocks were advancing pre-bell Tuesday.
Moving stocks include:
(-) SeaChange International (SEAC), which was plunging more than 18% even after it reported a Q4 non-GAAP income from operations of $0.13 per share, compared with a loss $0.03 per share a year earlier. Two analysts polled by Capital IQ had forecast adjusted Q4 earnings of $0.19 per share.
(+) GreenSky (GSKY) was gaining more than 8% after saying its Q1 transaction volume rose 10% year over year to $1.37 billion, of which $905 million was generated from January and February before the spread of COVID-19 disrupted the business.
(+) Broadcom (AVGO) was advancing more than 3% after it priced its $2.25 billion of 4.7% senior notes due 2025 and $2.25 billion of 5.0% senior notes due 2030, with funds raised to be used to repay some debt, including funding the purchase of tender offer notes from three tranches of its older senior notes.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
