Technology stocks were edging higher premarket Thursday as the Technology Select Sector SPDR Fund (XLK) was up 0.2% and the iShares Semiconductor ETF (SOXX) was recently gaining 0.35%.
HashiCorp (HCP) was retreating by more than 21% after saying it now expects fiscal 2024 revenue of $564 million to $570 million, compared with its prior guidance of $591 million to $595 million. The company also said it will reduce its workforce by 8% and plan targeted cuts in discretionary spending.
SecureWorks (SCWX) was down over 5% after it reported a fiscal Q1 non-GAAP net loss of $0.20 per share, wider than a loss of $0.09 a year earlier. Four analysts polled by Capital IQ expected a loss of $0.15.
Chindata Group Holdings (CD) was climbing past 3% after saying it has set up a special committee to study a non-binding proposal from BCPE Bridge Cayman and BCPE Stack Holdings to acquire the company for $4 in cash per class A or class B share, or $8 per American depositary share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.