Updated from 11:26 a.m. EDT
Technology stocks moved higher Monday, with
leading the way.
JDA Software soared 12.8% after the software company said that it expects to post better-than-expected first-quarter results. The company sees adjusted earnings of 26 cents to 28 cents a share on revenue of $89.7 million to $90.7 million. Analysts project earnings of 21 cents a share on revenue of $85.8 million. "2007 is an important year for JDA as we consolidate and leverage the operations of Manugistics and begin to see the results of the organizational changes we put in place in 2006," the company said. "Combining the positive impact of Manugistics with strong year-over-year growth in sales of the heritage JDA products, this first quarter result gives us a flying start to the year." Shares closed up $1.93 cents to $17.07.
got a boost from two firms. CIBC upgraded the stock to outperform and slapped a $35 price tag on shares while J.P. Morgan upgraded the stock to overweight and said that
(GOOG - Get Report)
acquisition of Doubleclick makes aQuantive an attractive buyout target. Shares of aQuantive closed up $3.49, or 12.2%, to $32.01.
, meanwhile, jumped 4.5% after the provider of radio frequency identification products boosted its first-quarter revenue guidance. The company expects revenue of $7.3 million, up from an earlier view of $6.9 million to $7.1 million. "We believe these preliminary results reflect the growing demand for our infant protection and wander prevention products," the company said. Analysts polled by Thomson First Call project revenue of $7.1 million. Shares were up 24 cents to $5.60.