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TECH STOCKS: Akamai Falls, But Nasdaq Ekes Out Gain

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Shares of Akamai Technologies Inc. tumbled Thursday, after the company issued a muted forecast, but the tech sector rallied to push the Nasdaq Composite Index into positive territory. Akamai (AKAM) fell 14.7% to close at $34.94, the leading decliner on the S&P 500 Index. However, the S&P 500 (SPX) rose 0.4% to close at 1,360, , thanks to gains in shares of Citrix Systems Inc. (CTXS) which jumped 9.7% to close at $85.37 after the information-technology-services company reported upbeat results. Citrix was one of the S&P 500's top gainers. "Guidance appears conservative and we see upside to estimates in the second half of 2011," said Lazard Capital Markets analyst Joel Fishbein said in a note. "Customer activity and pipeline are at record levels, and Citrix continues to have good momentum on the back of strong execution." The Nasdaq Composite Index (RIXF) edged higher by 0.1% to close at 2,873. But the Morgan Stanley High Tech 35 Index (MSH) was down 0.4%, while the Philadelphia Semiconductor Index (SOX) slid 0.7%. The tech sector also took a hit from shares of Teradyne Inc. (TER), which were down 12.4% to close at $16.03 a day after the electronic production equipment maker reported a jump in quarterly profit, but issued a weaker-than-expected forecast.

Stock News for Citrix (CTXS)
DateTimeHeadline
09/30/201612:05:11Statement of Changes in Beneficial Ownership (4)
09/28/201608:00:00Arca Continental Leverages Citrix Solutions to Drive Growth and...
09/26/201608:00:00Citrix Customers Experience Growth, Increased Cost Savings and...
09/14/201605:00:00Citrix Solutions Provide Employees at The Watershed with Greater...
09/06/201611:09:24Statement of Changes in Beneficial Ownership (4)
09/06/201609:36:15Statement of Changes in Beneficial Ownership (4)
09/06/201609:33:55Statement of Changes in Beneficial Ownership (4)
09/01/201616:25:10Current Report Filing (8-k)
09/01/201611:01:59Statement of Changes in Beneficial Ownership (4)
09/01/201608:00:00Hokuhoku Financial Group, Inc. Adopts Citrix XenDesktop for Next...
08/31/201617:43:00Citrix Executives to Present at Upcoming Investor Conferences
08/31/201616:28:00CORRECTING & REPLACING Citrix Named A Leader in Gartner Magic...
08/31/201614:42:00Citrix Named A Leader in Gartner Magic Quadrant for Application...
08/31/201614:00:00Citrix Named A Leader in Gartner Magic Quadrant for Application...
08/31/201611:47:53Statement of Changes in Beneficial Ownership (4)
08/24/201608:00:00Citrix Releases Free Developer Version of NetScaler Load Balancer...
08/18/201613:00:00Lucas Metropolitan Housing Authority Embraces Citrix Cloud to...
08/15/201608:54:00Statement of Changes in Beneficial Ownership (4)
08/08/201614:12:22Statement of Changes in Beneficial Ownership (4)
08/05/201617:07:10Quarterly Report (10-q)

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