LinkedIn Headquarters in Mountain View, California. Image Credit: Wikimedia
LinkedIn Headquarters in Mountain View, California. Image Credit: Wikimedia

Yet another tech company’s stock is getting hammered because of weak forecasts.

Let’s look at tech stocks to watch:

LinkedIn: Shares of the professional social network sunk 40% in morning trading after missing estimates for its first quarter outlook. LinkedIn lost $10 billion in market value, making it the worst stock drop for the company since going public. LinkedIn projected revenue of $820 million, while Wall Street forecast $867 million. However, LinkedIn claims investor forecasts are too optimistic.

Symantec: Shares of the security software maker surged after snagging a $500 million investment from Silver Lake Partners, reports Reuters. The company is also planning a $2.3 billion share buyback.

Apple: The number of retail locations accepting Apple Pay topped 2 million, reports Bloomberg. New stores rolling out the mobile payment service include Crate & Barreland Chick-fil-A.

Alphabet: Google revealed several updates to the software that runs its Android smart watches. New features include the ability to perform gestures to navigate and speaker support for voice calls.

Samsung: The electronics giant’s first Blu-ray players supporting 4K went on sale Friday. They’re priced at $399.

The Google Nexus Smartwatch. Image Credit: Amazonaws
The Google Nexus Smartwatch. Image Credit: Amazonaws

[USA Today]

Download our PC Tech Android App and keep updated on the move.