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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
01/12/201718:04:00CORRECTING & REPLACING Citrix Systems to Announce Fourth Quarter...
01/12/201716:32:00Citrix Systems to Announce Fourth Quarter and Fiscal Year 2016...
01/11/201716:19:00Fujitsu Enables Workplace Transformation for New Zealand Government...
01/11/201705:00:00GoToConference Delivers Instant Collaboration for Dispersed Teams
01/10/201715:00:00The Tile Shop Creates a Digital Customer Experience with Citrix...
01/10/201703:01:00Global Survey Shows That 83 Percent of Bus. Respondents Say Their...
01/09/201714:37:00Citrix to Become Red Bull Racing Innovation Partner
01/09/201713:30:00Citrix Acquires Unidesk
01/09/201711:30:00Citrix Unveils Roadmap to the Cloud and Secure Mobility for Partners...
01/06/201716:52:31Current Report Filing (8-k)
01/06/201716:30:00Citrix Announces Details for Anticipated Completion of Spin-Off...
01/04/201710:31:13Statement of Changes in Beneficial Ownership (4)
01/03/201712:07:43Statement of Changes in Beneficial Ownership (4)
01/03/201712:02:41Statement of Changes in Beneficial Ownership (4)
01/03/201711:52:06Statement of Changes in Beneficial Ownership (4)
12/29/201613:19:20Statement of Changes in Beneficial Ownership (4)
12/13/201608:00:00Citrix Named Best Place to Work for LGBT Equality by Human Rights...
12/12/201608:33:35Statement of Changes in Beneficial Ownership (4)
12/07/201612:38:38Statement of Changes in Beneficial Ownership (4)
12/07/201606:05:00Citrix Named a Leader in Gartner Web Conferencing Magic Quadrant...

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