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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
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)
08/04/201614:59:04Statement of Changes in Beneficial Ownership (4)
08/04/201614:25:28Statement of Changes in Beneficial Ownership (4)
08/04/201605:00:00Montefiore Health System Realizes $5 Million in Savings with...
08/02/201610:58:06Statement of Changes in Beneficial Ownership (4)
08/02/201610:51:55Statement of Changes in Beneficial Ownership (4)
08/02/201606:00:00Citrix Signs Global Partner Agreement with Cloud DC
08/01/201612:33:55Statement of Changes in Beneficial Ownership (4)
08/01/201612:30:27Statement of Changes in Beneficial Ownership (4)
07/28/201609:10:07Amended Statement of Beneficial Ownership (sc 13d/a)
07/28/201608:49:08Current Report Filing (8-k)
07/28/201608:47:22Filing of Certain Prospectuses and Communications in Connection...
07/28/201608:00:00Surveys Show Businesses Need to Shift Away from Protecting Devices...
07/27/201616:55:24Filing of Certain Prospectuses and Communications in Connection...
07/27/201616:54:33Filing of Certain Prospectuses and Communications in Connection...
07/27/201611:50:00Citrix Executives to Present at Upcoming Investor Conferences

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