Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
Login Archives Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: Technology
Stocks: AMBA, HIMX, MTCH, PANW, UBNT

Tech Stock Movers of the Week

By Stephen Mack, Associate Editor, Money Morning • September 5, 2017

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

tech stock movers

Our latest list of tech stock* movers of the week includes one of tech stocks we said to keep an eye on last week: Palo Alto Networks Inc. (NYSE: PANW).

The California cybersecurity company reported its latest quarterly earnings on Thursday, with earnings per share coming in at $0.92 compared to an expected $0.79. It was the second straight quarter that the stock enjoyed a spike in price thanks to a big earnings beat. PANW closed the week up 14% at $146.50.

Himax Technologies Inc. (Nasdaq: HIMX) surged after a Wednesday announcement that the Taiwanese company would be teaming up with Qualcomm Inc. (Nasdaq: QCOM) to develop a sophisticated 3D camera system. The depth-sensing cameras would be low-power, high-resolution, and would include face authentication and scene perception capability. The technology is intended to serve the growing Internet of Things industry as well as virtual reality and connected automobiles. HIMX closed the week up 20.8% at $10.52.

Match Group Inc. (Nasdaq: MTCH) jumped 18.7%. The dating service provider climbed steadily through the week, closing up every day as it reached an all-time high. One of the reasons for the rise was last week's news that Match's subsidiary Tinder launched Tinder Gold, a $5-per-month add-on offering premium features. News also broke that Match Group had converted options in its subsidiary Tinder (held by early backers and employees) into MTCH options worth around $1 billion, valuing Tinder at about half of the parent company's market cap. MTCH closed the week at $22.39.

BREAKING: New Legislation Could Turn Tiny Pot Stocks into Millions. Click Here...

Now for last week's tech disappointments...

Ambarella Inc. (Nasdaq: AMBA) plunged nearly 20% on Friday after the video chip maker released its quarterly earnings. Ambarella beat estimates on earnings and revenue, but investors are wary of the company's forward guidance. Its biggest client, GoPro Inc. (Nasdaq: GPRO), has gone with a competitor for its latest camera. Furthermore, Qualcomm's growing presence in the video industry puts a damper on Ambarella's growth prospects. AMBA closed the week at $43.01.

Ubiquiti Networks Inc. (Nasdaq: UBNT) fell 8.8%. The networking solution provider turned in a strong earnings report in August, but it has been on the slide since then, down 11% in the last month. A couple weeks ago, Ubiquiti unveiled FrontRow, a camera that users can wear like a pendant. But Wall Street is apparently not impressed with the new product, which retails at $399. UBNT closed the week at $58.97.

Tech Stocks to Watch This Week

Here are a couple tech stocks we're keeping an eye on for the coming week...

  • Hewlett Packard Enterprises Inc. (NYSE: HPE) reports its quarterly earnings on Tuesday, Sept. 5. HPE has been up and down throughout 2017. More recently, the stock is up nearly 12% since early July, so the report could either help it break out or kill its momentum.
  • Cloudera Inc. (NYSE: CLDR) reports on Thursday, Sept. 7. CLDR has made several appearances on our Tech Stock Movers of the Week, so watch for volatility following the announcement.

We'll keep you updated if there's anything you need to know to make money on these moves.

*Stocks have a primary listing on a U.S. exchange, a market cap greater than $1 billion, and are in either the Technology Services or Electronic Technology sector. Data and analytics provided by FactSet.

Up Next: One gallon of this new "crystal fuel" could get you from New York to L.A. and back... seven times! Being hailed by many experts as energy's "Holy Grail," it's 1,693 times more powerful than the gasoline that runs your car. The mainstream investment media isn't even talking about it yet. Read more...

Follow Money Morning on Twitter @moneymorning, Facebook, or LinkedIn.

Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter

Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…

Claim My Free Report

Stephen MackStephen Mack

About the Author

Browse Stephen's articles |

Stephen Mack has been writing about economics and finance since 2011. He contributed material for the best-selling books Aftershock and The Aftershock Investor. He lives in Baltimore, Maryland.

… Read full bio

Subscribe
Login
Notify of
guest

guest

0 Comments
Inline Feedbacks
View all comments


Latest News

September 18, 2023 • By Garrett Baldwin

Dogs That Are Fluent in Spanish for $200, Alex.

September 18, 2023 • By Shah Gilani

earnings
This Income Play Is a Perfect Hedge in a Sluggish Market

September 15, 2023 • By Shah Gilani

We're Headed for a Second Banking Crisis - Here's What to Do
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Penny Hawk Midday Momentum
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Quantum Data Profits Flashpoint Trader Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance L.A.U.N.C.H. Investor Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz