Sector Update: Tech

Last Updated: Thursday, December 8, 2022 8:49 AM | MT Newswires

Technology stocks were advancing pre-bell Thursday. The Technology Select Sector SPDR Fund (XLK) was up 0.9% and the iShares Semiconductor ETF (SOXX) was 0.7% higher recently.

Ciena (CIEN) was gaining over 20% in value even as it reported fiscal Q4 adjusted net income of $0.61 per diluted share, down from $0.85 a year earlier. Analysts polled by Capital IQ forecast $0.07.

Share this article:

Related Companies

You May Also Like

Related Articles

Strong Jobs Report Cools Overall Positive Week for Stocks

What is the Market's View on Daqo New Energy Corp (DQ) Stock's Price and Volume Trends Friday?

Is Ouster Inc (OUST) Stock a Smart Value Friday?

Is it Time to Dump Elastic NV (ESTC) Stock After it Has Gained 2.98% in a Week?

Should You Buy Confluent Inc (CFLT) Stock After it Is Up 8.43% in a Week?

Related Companies