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The Best And Worst Technology Company Stocks In The First Half Of 2018

Twenty-eight of the 44 technology companies on our watch list recorded gains in the price of their publicly traded shares in the first half of 2018. Take a look at who were the winners and who were the losers.

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FireEye

CEO: Kevin Mandia

Dec. 29, 2017 Close: $14.20

June 29, 2018 Close: $15.39

Change: +8.38%

For the first six months (ended June 30) of 2018, FireEye reported revenue of $401.8 million, up nearly 7 percent from $376.5 million in the first half of 2017. The company reported a $144.7 million loss for the six-month period compared with a $145.6 million loss in the first half of 2017.

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HP Inc.

CEO: Dion Weisler

Dec. 29, 2017 Close: $21.01

June 29, 2018 Close: $22.69

Change: +8.00%

On May 29 HP Inc. named Steve Fieler, who led the company's treasury and corporate finance functions, to be its new chief financial officer. He succeeded Cathie Lesjak, who was named interim chief operating officer.

For its fiscal 2018 third quarter (ended July 31), HP reported revenue of $14.59 billion, up nearly 12 percent from $13.06 billion in the third quarter of fiscal 2017. Net earnings for the most recent quarter were $880 million, up more than 26 percent from $696 million in the same quarter one year before.

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Intel

Interim CEO: Robert Swan

Dec. 29, 2017 Close: $46.16

June 29, 2018 Close: $49.71

Change: +7.69%

It was a turbulent first six months of 2018 for chipmaker Intel.

The year started with the discovery of the Spectre and Meltdown vulnerabilities across many of its processor product lines and the company spent much of January and February developing fixes for its products.

On June 21 came the shocking news that CEO Brian Krzanich had resigned after the company learned that he had a consensual relationship with an employee in violation of company policy. The company named chief financial officer Robert Swan as interim CEO while it continues searching for a replacement.

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CA Technologies

CEO: Michael Gregoire

Dec. 29, 2017 Close: $33.28

June 29, 2018 Close: $35.65

Change: +7.12%

On July 11, after the stock closing price covered in this analysis, CA Technologies struck a deal with chipmaker Broadcom to be acquired for $18.9 billion or $44.50 per share. That represented approximately a 20 percent premium to the July 11 closing price of CA's shares. The price of CA's shares has hovered around $44 since.

The companies expect to complete the acquisition by the end of the year.

For its fiscal 2019 first quarter (ended June 30), CA reported revenue of $938 million, a decline from $1.03 billion in the same quarter one year before. The $938 million figure was based on a new accounting standard codification, accounting for the decline. Net income was $166 million, under the new accounting standard, compared with $178 million one year before.

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Alphabet

CEO: Larry Page

Dec. 29, 2017 Close: $1,046.40

June 29, 2018 Close: $1,115.65

Change: +6.62%

For the first six months of 2018 Alphabet, Google's parent company, reported revenue of $63.80 billion, up 25.7 percent from $50.76 billion in the first half of 2017. Net income for the six months was $12.60 billion, up nearly 41 percent from $8.95 billion in the first half of 2017.

In July, after the period covered by this analysis, The European Commission hit Alphabet with a $5.05 billion fine for alleged antitrust behavior that included imposing "illegal restrictions" on Android device makers and mobile network operators, allegedly aimed at bolstering Google's search engine.

 
 
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