Tag Archives: stocks
Apple Supplier, 4 Other Tech Stocks Abuzz After Hours
Shares of five tech stocks — including one Apple (AAPL) supplier — are abuzz late Wednesday following a slew of view-topping earnings results. Cybersecurity firm Fortinet (FTNT) spiked 9% in extended trading, after reporting flat year-over-year Q2 earnings of 11 cents a share that managed to beat forecasts by 2 cents. Sales climbed 30% to $239.8 million vs. views for $222.7 million. F5 Networks (FFIV) also rose in late trading as the data-center
Homebuilders Rally On Heels Of Strong Economic Data
The housing market is on fire, and homebuilder stocks are starting to perk up. The residential and commercial building group, which ranks in the top third of IBD’s 197 industries, was a leading performer Wednesday, helped by earnings news and strong home sales data. Existing home sales in June jumped nearly 10% from a year ago, topping economist expectations, according to the National Association of Realtors. Earlier in the month, the National