Technology Sector Update for 01/31/2018: MSFT, AAPL, IBM, CSCO, GOOG, CMCM, ADP, CHKP, SLAB

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Top Technology Stocks:

MSFT: +0.1%

AAPL: -0.3%

IBM: +0.5%

CSCO: -0.4%

GOOG: +0.8%

Technology shares were mostly higher in pre-market trading on Wednesday.

Expected movers:

– Cheetah Mobile ( CMCM ): releases SafeWallet cryptocurrency wallet

– Automatic Data Processing ( ADP ): fiscal Q2 results beat views; lifts FY growth guidance ranges

– Check Point Software ( CHKP ): posts mixed Q4 vs views

– Silicon Laboratories ( SLAB ): Q4 results beat; Q1 earnings guidance straddles Street

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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