In tech earnings last night, P (-17.4%) posted a quarterly beat, but issued downside guidance. Also, ALTR (-3.6%) and TIBX (-22.2%) guided below consensus. TYPE (+0.5%), on the other hand, raised guidance. In news, FB (+0.4%) will become a component of the NASDAQ-100 Index. CGNX (+0.3%) and IDCC (+1.0%) were the latest to announce a special dividend. Also, COR Clearing is raising margin requirements on AAPL (-3.9%), according to reports.
In notable analyst upgrades this morning in the tech space, PAY (+4.4%) was upgraded to Buy at UBS. Among downgrades, ADTN (-4.9%) was downgraded to Sell at Citigroup, NVDA (-2.4%) was downgraded to Perform at Oppenheimer, and INTC (-0.9%) was downgraded to Underperform at Raymond James. SAI (+0.8%) and SNPS (-0.9%) are two notable names in tech scheduled to report quarterly results today after the close.