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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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Netgear

CEO: Patrick Lo

Dec. 29, 2017 Close: $58.75

June 29, 2018 Close: $62.50

Change: +6.38%

On Feb. 6 Netgear announced a plan to spin off its Arlo smart home security technology business through an initial public offering in August to create Arlo Technologies Inc. Netgear retained 84.2 percent of the common stock in the IPO, which it intends to distribute to its shareholders.

For the first six months of 2018, Netgear reported revenue of $711.8 million, up nearly 9 percent from $654.4 million in the first half of 2017. But the company reported net income of only $360,000 for the six months, due in part to separation expenses of $18.8 million, compared with net income of $30.6 million in the first half of 2017.

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SAP

CEO: Bill McDermott

Dec. 29, 2017 Close: $112.36

June 29, 2018 Close: $115.56

Change: +2.85%

SAP struck a deal on Jan. 30 to acquire sale performance/quote-to-cash application developer Callidus for $2.4 billion. The acquisition was completed April 5 and SAP is offering the Callidus application as part of a new comprehensive suite of cloud front-office applications.

For the second quarter ended June 30, SAP reported that total revenue was just under 6 billion euros ($6.97 billion), up 4 percent from 5.78 billion euros ($6.71 billion) in the second quarter of 2017. After-tax profit was 720 million euros ($836.0 million), up 8 percent from 666 million euros ($773.4 million) one year ago.

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Hewlett Packard Enterprise

CEO: Antonio Neri

Dec. 29, 2017 Close: $14.36

June 29, 2018 Close: $14.61

Change: +1.74%

Hewlett Packard Enterprise has spent most of the first half of 2018 under new management. On Feb. 1 president Antonio Neri took over as HPE's CEO, replacing longtime CEO Meg Whitman, who said in late 2017 that she was stepping down.

In May HPE stepped up its move into next-generation IT infrastructure with its acquisition of Plexxi, a developer of data center fabric networking technology.

For its fiscal 2018 third quarter (ended July 31), HPE reported revenue of $7.76 billion, up 3.5 percent from $7.50 billion in the third quarter of fiscal 2017. Net earnings for the quarter were $451 million, up more than 173 percent from $165 million one year earlier.

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Western Digital Corp.

CEO: Steve Milligan

Dec. 29, 2017 Close: $79.53

June 29, 2018 Close: $77.41

Change: -2.67%

For its fourth quarter ended June 29, Western Digital reported revenue of $5.12 billion, up nearly 6 percent from the $4.84 billion reported in the same quarter one year before. Net income for the quarter was $756 million, up 170 percent from $280 million one year earlier.

For all of fiscal 2018 ended June 29, Western Digital reported revenue of $20.65 billion, up 8 percent from $19.09 billion in fiscal 2017. Net income for the year was $675 million, up 70 percent from $397 million in fiscal 2017.

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Juniper Networks

CEO: Rami Rahim

Dec. 29, 2017 Close: $28.50

June 29, 2018 Close: $27.42

Change: -3.79%

For the first six months of 2018, Juniper Networks reported revenue of $2.29 billion, down nearly 10 percent from $2.53 billion in the first half of 2017. Net income for the six-month period was $150.9 million, down nearly 48 percent from $288.6 million in the first half of 2017.

 
 
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