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3 Tech Stocks That Crashed This Week

Source: GT Advanced Technologies.

The tech-heavy Nasdaq Composite index had a rough week between July 7 and July 11. The index fell 1.6%, well below the milder 0.9% drop of the broad-market indicator S&P 500.

But these three tech stocks suffered more than your average Nasdaq ticker this week.

  • IT security expert FireEye (NASDAQ: FEYE  ) plunged 13.7%, taking the edge off a positive two-month run.

  • Geospace Technologies (NASDAQ: GEOS  ) , which provides seismic data tools for oil and gas producers, lost 15.6% in a weeklong tumble. The company's news wires have been very quiet lately -- maybe too quiet?

  • GT Advanced Technologies (NASDAQOTH: GTATQ  ) dropped 17.9%, starting with a downright brutal Monday session. The provider of sapphire screen covers for Apple's (NASDAQ: AAPL  ) next generation of mobile devices may already have all of its upcoming catalysts priced into the stock -- and then some.

The following slideshow will fill you in on the reasons behind these three sudden drops and prepare you for what's next.

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Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

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Anders Bylund

Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.

Hypoallergenic. Contains six flavors not found in nature. Believes in coyotes and time as an abstract.

Follow Anders on Twitter, LinkedIn, and Google+.

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Related Tickers

9/2/2015 3:59 PM
FEYE $37.47 Up +0.73 +1.99%
FireEye CAPS Rating: ****
GEOS $17.15 Up +0.28 +1.66%
Geospace Technolog… CAPS Rating: ***
GTATQ $0.23 Down +0.00 -1.09%
GT Advanced Techno… CAPS Rating: ***
AAPL $112.34 Up +4.62 +4.29%
Apple CAPS Rating: ****