Technology stocks were up slightly pre-bell Friday. The Technology Select Sector SPDR ETF (XLK) was 0.2% higher and the Semiconductor Sector Index Fund (SOXX) was up 0.1%.
In company news, SMART Global Holdings (SGH) plunged nearly 30% a day after reporting fiscal Q4 non-GAAP earnings of $0.35 per diluted share, down from $0.63 a year earlier, and net sales of $316.7 million, down from $362.5 million a year earlier.
EHang Holdings (EH) was up 55% after saying that the Civil Aviation Administration of China has granted the type certificate for the company’s passenger-carrying unmanned aerial vehicle system.
Comtech Telecommunications (CMTL) will sell its power systems technology product line to Stellant Systems for up to $40 million in cash, the two companies said Thursday. Comtech shares rose nearly 18%.
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