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The Best And Worst Information Technology Stocks In Q1 2019

Of the 44 technology companies on our watch list, 35 recorded gains in the price of their publicly traded shares during the first quarter of 2019 and only 9 recorded price declines – two by significant double-digit percentages. Take a look at who were the winners and who were the losers.

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Xerox 

CEO: John Visentin

Dec. 31, 2018 Close: $19.76

March 29, 2019 Close: $31.98

Change: +61.84%

Xerox had a turbulent 2018 that included an abandoned deal for Fujifilm Holdings to acquire a majority stake in the printer and copier manufacturer, a battle involving activist investor Carl Icahn and major shareholder Darwin Deason for control of the company, and changes in the company's executive ranks and board of directors. The company's stock lost more than 32 percent of its value during the year.

But the company's shares rebounded in the first quarter of 2019, recording the biggest gain in price among the 44 companies on our watch list.

For all of 2018, Xerox reported revenue of $9.83 billion, down 4.2 percent from $10.27 billion in 2017. The company reported net income of $361 million, up 85.1 percent from $195 million in 2017.

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BlackBerry 

CEO: John Chen

Dec. 31, 2018 Close: $7.11

March 29, 2019 Close: $10.09

Change: +41.91%

BlackBerry's stock declined nearly 40 percent in 2018. So the 42 percent increase in the communications company's shares in the first quarter is pretty remarkable.

In November BlackBerry struck a deal to acquire cybersecurity company Cylance for $1.4 billion in a move to add security and AI capabilities to its platform. The acquisition was completed Feb. 21.

For fiscal 2019 (ended Feb. 28) BlackBerry reported revenue of $904 million, down 3 percent from $932 million in fiscal 2018. The company reported net income of $93 million for the year compared to net income of $405 million one year earlier.

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ServiceNow 

CEO: John Donahoe

Dec. 31, 2018 Close: $178.05

March 29, 2019 Close: $246.49

Change: +38.44%

For all of 2018 ServiceNow reported revenue of $2.61 billion, up 36 percent from $1.92 billion in 2017. The company reported a $26.7 million loss for the year, a significant improvement from the $116.8 million loss in 2017.

 
 
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