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TECH STOCKS: Techs Edge Higher As Zynga, NetApp Rise

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks were modestly higher on Tuesday, getting a lift from gains in shares of Zynga Inc. and NetApp Inc. Zynga (ZNGA) was up 2.7% at $6.24 ahead of a company event in which the social gaming developer was expected to unveil new products. NetApp (NTAP) added 2.7% to $30.98 as the data storage systems company kicked off its analyst event. Meanwhile, Microsoft Corp. (MSFT) saw its shares rise 1% to $30.19, one of the top gainers on the Dow Jones Industrial Average(DJI) . The Dow was up 23 points as Wall Street welcomed news of modest improvement in housing prices. The Nasdaq Composite Index (RIXF) edged higher by 0.7% to 2,856. The sector was weighed down by losses in shares of Dell Inc. (DELL), Hewlett-Packard Co. (HPQ) and Cisco Systems Inc. (CSCO) as J.P. Morgan cautioned that the impact of the European financial crisis "will likely persist for years." "We remain cautious on the global economy and its potential impact on overall IT spending and more specifically, the software sector," analyst John DiFucci said in a note on the software industry. "Europe, the financial services vertical, and U.S. government spending remain key areas of concern." Shares of Synnex Corp. (SNX) were down more than 2% after the company posted a weaker-than-expected forecast.

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
07/01/201511:00:02Cisco Systems Inc.: Spending $635 Million to Join the Best Internet...
06/30/201519:49:38Cisco to Buy Network Security Company OpenDNS -- Update
06/30/201514:33:24Cisco to Buy Network Security Company OpenDNS -- Update
06/30/201510:50:30Cisco to Buy Network Security Company OpenDNS
06/30/201509:40:07Cisco to Buy Network Security Company OpenDNS
06/30/201509:21:21Cisco to Buy Network Security Company OpenDNS
06/22/201517:42:03Exclusive: Red Hat Inc. CEO On Q1 Results, Internet of Things...
06/22/201512:22:44Why Polycom Inc. Stock Dropped Today
06/22/201509:10:16Red Hat Names Calderoni Financial Chief
06/20/201515:15:03The Internet of Things and Cisco Systems Inc: A Match Made in...
06/19/201518:09:51Statement of Changes in Beneficial Ownership (4)
06/19/201518:09:06Statement of Changes in Beneficial Ownership (4)
06/19/201516:18:07Securities Registration: Employee Benefit Plan (s-8)
06/18/201516:45:24Current Report Filing (8-k)
06/18/201507:04:06Cisco Plans to Invest $60 Million in India, CEO Says
06/17/201508:30:03Cisco Unveils $10 Billion China Plan
06/17/201508:02:59Cisco Unveils $10 Billion China Plan
06/15/201519:41:19Statement of Changes in Beneficial Ownership (4)
06/15/201519:40:51Statement of Changes in Beneficial Ownership (4)
06/15/201519:39:57Statement of Changes in Beneficial Ownership (4)

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