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TECH STOCKS: Techs Edge Higher, But Zynga, NetApp Fall

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks were modestly higher on Tuesday, but shares of Zynga Inc. and NetApp Inc. gave up early gains to close in the red. The Nasdaq Composite Index (RIXF) edged up 0.6% to close at 2,854. After posting gains early in the session, Zynga (ZNGA) fell 5% to close at $5.76 as the company unveiled new games at a company event in San Francisco. NetApp (NTAP) lost 1.2% to close at $29.66 as the data-storage-systems company held its analyst day. Meanwhile, Microsoft Corp. (MSFT) saw its shares rise 0.5% to close at $30.02, one of the top gainers on the Dow Jones Industrial Average(DJI) . The Dow was up 32 points as Wall Street welcomed news of modest improvement in housing prices. 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."

Stock News for Cisco Systems (CSCO)
DateTimeHeadline
02/17/201713:04:00Correction to Cisco Article on Feb. 16
02/16/201723:47:00Cisco Results Hurt by Weaker Market for Networking Devices...
02/16/201708:00:00OneRepublic To Headline 2017 Honda Civic Tour
02/16/201708:00:00OneRepublic To Headline 2017 Honda Civic Tour
02/16/201703:02:00Cisco Hit by Decline In Core Business -- WSJ
02/15/201719:20:00Cisco Results Hurt by Weaker Market for Networking Devices...
02/15/201717:00:00Cisco Results Hurt by Weaker Market for Networking Devices
02/15/201716:27:25Current Report Filing (8-k)
02/14/201708:00:00Cyber Threat Alliance Expands Mission through Appointment of...
02/12/201713:01:00The Next Facebook? Wall Street Sizes Up Snap's IPO
02/10/201708:56:42Amended Statement of Ownership (sc 13g/a)
02/06/201716:41:05Form 13f Holdings Report (13f-hr)
01/25/201703:02:00Cisco Buys Startup to Boost Enterprise Line -- WSJ
01/24/201722:13:00Cisco to Buy AppDynamics for $3.7 Billion -- 2nd Update
01/24/201721:31:00Cisco to Buy AppDynamics for $3.7 Billion -- Update
01/24/201720:54:00Cisco to Buy AppDynamics for $3.7 Billion
01/23/201714:21:08Amended Statement of Ownership (sc 13g/a)
01/17/201712:58:00Cisco's Chambers Sees Trump Presidency Good for U.S. Business
01/16/201723:30:00Ericsson and Cisco to Overhaul Network of Vodafone Hutchison...
01/16/201704:29:00Ericsson-Cisco Partnership Gets Vodafone Hutchison Australia...

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