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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
04/17/201513:22:25Additional Proxy Soliciting Materials (definitive) (defa14a)
04/17/201513:17:57Proxy Statement (definitive) (def 14a)
04/16/201509:15:00Citrix Becomes a Preferred Vendor of Bar Associations
04/10/201516:48:41MARKET SNAPSHOT: U.S. Stocks Book 2nd Straight Weekly Gain
04/10/201514:11:11U.S. Stocks Inch Higher
04/10/201511:40:22U.S. Stocks Inch Higher
04/10/201511:05:51MARKET SNAPSHOT: U.S. Stocks Rise, On Track To Book Weekly Gains
04/10/201510:31:35U.S. Stocks Inch Higher
04/10/201509:12:35Premarket Gainers / Losers as of 9:10 am
04/10/201509:04:20MARKET SNAPSHOT: U.S. Stock Futures Jolted Higher By Surging...
04/10/201507:57:49MARKET SNAPSHOT: U.S. Stock-futures Indexes Powered By GE Restructuring...
04/10/201506:13:14MARKET SNAPSHOT: U.S. Stocks: Futures Ease With Lacker Speech...
04/09/201517:40:32Citrix Systems Cuts Outlook
04/09/201517:03:24Citrix Systems Cuts Outlook on Restructuring, Forex Impacts
04/09/201516:23:11Current Report Filing (8-k)
04/09/201516:05:00Citrix Announces Preliminary Results for First Quarter of 2015
04/07/201509:00:00Citrix Delivers a New, Intuitive User Experience for Online Meetings...
04/02/201515:19:32Statement of Changes in Beneficial Ownership (4)
04/01/201515:04:02Microsoft Corporation's Interest In This $4 Billion Market Is...
03/31/201518:55:32Statement of Changes in Beneficial Ownership (4)

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