Top Tech Stocks:
The majority of the top tech stocks were trading lower during pre-market hours on Tuesday.
Tech stocks moving on news include:
(+) Perion Network Ltd (PERI), which gained more than 4%. The provider of online advertising technology products earlier said it has acquired New York-based Content IQ for $73.1 million. Content IQ, which creates data and analytics tools for digital publishing, is expected to generate revenue of $39 million in 2019.
(+) MagnaChip Semiconductor (MX), which rose over 10%. The company said it now expects Q4 revenue of $198 to $200 million and gross profit margin of 26% to 27%, up from previous guidance of $181 to $191 million for revenue and gross margin of 24% to 26%.
(+) Ichor Holdings (ICHR), which was up nearly 15%. The company announced that it expects to report Q4 revenue of about $189 million, up 22% over Q3 and also at the high end of the guidance range. The new guidance is also above Wall Street’s estimate of $184.9 million.
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