Technology sector

Technology Sector Update 3/29/2022: SSYS, LMT, QUMU, ESLT

JTech stocks were up in Tuesday’s trading, with the SPDR Technology Select Sector ETF (XLK) up 1.1% and the Philadelphia Semiconductor Index up 0.8% this afternoon.

In company news, Stratasys (SSYS) rose 6.9% after the 3D printer company announced on Tuesday that it was teaming up with Lockheed Martin (LMT) and Metropolitan State University. of Denver to generate qualification data for the company’s Antero 840CN03 thermoplastic composite material and enable industry partners to produce space and aerospace parts using Stratasys FDM 3D printers. Lockheed Martin shares were down 2.4% this afternoon.

Qumu (QUMU) climbed 2.3 after the software company announced on Tuesday that it was becoming an authorized reseller of LiveU video streaming technology, adding to its existing portfolio of storage, distribution and video analysis for professional customers. Financial terms of the new partnership were not disclosed.

Elbit Systems (ILEC) fell 9% after the Israeli security and defense contractor on Tuesday reported non-GAAP fourth-quarter net profit of $2.14 per share, down from $2.38 per share in the same quarter in 2020 and lagging Capital IQ which expects a $2.32 per share earnings adjustment for the three months ended Dec. 31.

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