Tech earnings continued rolling in last night. BRCD (-1.8%), DTLK (+6.3%), ELLI (+5.4%), LOGM (-26.8%), QLIK (+19.2%) beat on EPS and revenue. CRAY (+4.7%), NSIT (-3.4%) missed on EPS, but beat on revs. A (-2.9%), ACTV (-9.0%) missed on top and bottom lines. This morning, IPGP (-13.0%) reported EPS and revenue below consensus. In news, STM (-1.0%) will collaborate with Hyundai to develop electronic control systems for automotive applications. ATVI's (+3.3%) Call of Duty: Black Ops II remained as the best-selling game during the month of January. In notable analyst upgrades this morning in the tech space, ATML (+0.8%) was upgraded to Buy at Craig Hallum. QLIK (+18.4%) was upgraded to Positive at Susquehanna. SAAS (+19.3%) was upgraded to Buy at ROTH Capital. Among downgrades, ANGI (+1.0%) was downgraded to Market Perform at Barrington Research. LOGM (-26.8%) was downgraded at Oppenheimer, JPMorgan, and Wunderlich. MWW (-3.9%) was downgraded at Sun Trust Robinson Humphrey.
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