This morning in tech earnings,
- SOHU (-2.4%) reported a beat but guided lower
- CYOU (-11.9%) topped Q4 ests, guided lower, and announced its CFO resigned
- ACIW (-6.2%) guided FY13 below consensus
Among M&A in the tech space, SUPX (+35.3%) will be acquired by MCHP (+0.6%) for $33 per share in cash. Also, Alibaba submitted a non-binding proposal for an AMAP (+24.6%) going private transaction for $21 per ADS.
Among notable analyst upgrades in tech this morning, TMUS (-2.0%) was upgraded to Overweight at Barclays, CVLT (+1.0%) was upgraded to Mkt Outperform at JMP, and MXIM (+2.2%) was upgraded to Strong Buy at Raymond James.
In downgrades, VNET (-2.7%) was downgraded to Neutral at Credit Suisse.
NUAN (-0.8%) and RAX (+2.0%) are the notable names in tech scheduled to report after the close
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