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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
07/25/201613:45:00Citrix in the Leaders Quadrant of the Gartner Magic Quadrant...
07/13/201608:00:00Baloise Group Uses Citrix Solutions to Support Remote Workers...
07/12/201617:30:00Citrix Systems to Announce Second Quarter 2016 Financial Results...
07/06/201614:13:16Statement of Changes in Beneficial Ownership (4)
07/05/201612:54:14Statement of Changes in Beneficial Ownership (4)
07/05/201612:26:53Statement of Changes in Beneficial Ownership (4)
07/05/201612:21:28Statement of Changes in Beneficial Ownership (4)
07/05/201612:15:58Statement of Changes in Beneficial Ownership (4)
07/05/201612:12:53Statement of Changes in Beneficial Ownership (4)
07/05/201612:09:33Statement of Changes in Beneficial Ownership (4)
07/05/201612:06:27Statement of Changes in Beneficial Ownership (4)
07/05/201612:02:57Statement of Changes in Beneficial Ownership (4)
06/30/201612:12:02Statement of Changes in Beneficial Ownership (4)
06/28/201616:26:42Current Report Filing (8-k)
06/27/201608:20:00Business Software & Services Stocks on the Move -- CA Inc., Iron...
06/23/201611:00:00Action for Children Uses Citrix Solutions to Empower Staff to...
06/14/201612:11:00Gartner Positions Citrix in the Leaders Quadrant of the Magic...
06/08/201609:00:00Citrix GoTo Products Earn Prestigious Industry Awards for Software...
06/02/201612:44:03Statement of Changes in Beneficial Ownership (4)
06/02/201612:40:55Statement of Changes in Beneficial Ownership (4)

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