Shares of Angie’s List continue to soar following a spurned deal, while networking giant Cisco gets ready to report quarterly earnings after the bell Thursday.
Let’s look at tech stocks to watch:
Angie’s List. Shares surged more than 12% in morning trading after the company specializing in online business recommendations turned down an acquisition offer from IAC. The deal valued Angie’s List at $8.75 a share. The all-cash offer would have resulted in a merger of Angie’s List and IAC’s HomeAdvisor.
Cisco. The networking firm reports first quarter earnings. Analysts project revenue of $12.65 billion with earnings of 56 cents a share. Earlier this week, Cisco announced it will partner with Ericsson to create the next wave of networks aimed at mobile enterprise.
Microsoft. Big updates coming if you own a Microsoft device. The company rolled out its first major update to Windows 10, adding a host of management and security tools for businesses. Meanwhile, the Xbox One video game console received a big upgrade, including the addition of backward compatible games from the Xbox 360.
Apple. The tech company is reportedly talking with banks in the U.S. about a person-to-person mobile payment service. The P2P option would likely become an extension of Apple Pay, launched last year. The new service could launch as soon as 2016.
HP Inc. Shares of the PC company are down more than 2% after its board of directors declared a cash dividend of 12 cents a share. It’s the first dividend since the split of the older Hewlett-Packard into two companies: HP Inc. and Hewlett-Packard Enterprise.
Follow Brett Molina on Twitter: @brettmolina23.
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