Technology stocks were the second-biggest gainers for the month. Utilities stocks, known as bond proxies because they pay out big dividends, have tumbled the most in February. The gains in tech stocks, demonstrated by the tech-heavy Nasdaq’s performance this month, show “investor appetite for growth-oriented equity investments,” said Mr. Kenny.

Insights about those technology sector stocks that declined during Friday’s trade in U.S. stock exchange, are depicted underneath:

Splunk, Inc. (NASDAQ:SPLK)’s shares dwindled -3.33%, and closed at $67.25, during the last trading session, soon after the news release that provider of the leading software platform for real-time Operational Intelligence, declared results for its fiscal fourth quarter and full year ended January 31, 2015.

Fourth Quarter 2015 Financial Highlights:

• Total proceeds were $147.4 million, up 48% year-over-year.
• License proceeds were $98.1 million, up 43% year-over-year.
• GAAP operating loss was $57.1 million; GAAP operating margin was negative 38.7%.
• Non-GAAP operating revenue was $11.5 million; non-GAAP operating margin was 7.8%.
• GAAP loss per share was $0.47; non-GAAP revenue per share was $0.09.
• Operating cash flow was $51.5 million with free cash flow of $48.8 million.

Splunk, Inc. (NASDAQ:SPLK), provides the leading software platform for real-time Operational Intelligence. Splunk® software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices.

Nimble Storage, Inc. (NYSE:NMBL), declined -7.88%, and closed at $25.26, soon after the news release that the flash storage solutions company, stated financial results for the fiscal fourth quarter 2015.

Fiscal Fourth Quarter 2015 Financial Highlights:

• Proceeds for the fourth quarter of fiscal 2015 were $68.3 million, contrast to $41.7 million in the fourth quarter of fiscal 2014, representing growth of 64% year-over-year.
• Non-GAAP Gross Margins of 67.2% for the fourth quarter of fiscal 2015, contrast to 67.2% in the fourth quarter of fiscal 2014.
• Non-GAAP Operating Margins of negative 12.4% for the fourth quarter of fiscal 2015, contrast to negative 20.9% in the fourth quarter of fiscal 2014.
• Adjusted EBITDA was negative $6.8 million or negative 10.0% of proceed contrast to negative 17.1% in the fourth quarter of fiscal 2014.
• GAAP net loss for the fiscal fourth quarter was $24.7 million, or $0.33 per basic and diluted share, contrast with a net loss of $13.2 million, or $0.29 per basic and diluted share in the fiscal fourth quarter of 2014.
• Non-GAAP net loss for the fiscal fourth quarter was $9.8 million, or $0.13 per basic and diluted share, contrast with a net loss of $9.1 million, or $0.14 per basic and diluted share in the fiscal fourth quarter of 2014.
• Foreign exchange loss was $1.1 million, which had a $0.01 per share negative influence on basic and diluted loss per share.

Nimble Storage, Inc. (NYSE:NMBL), provides its customers with data storage platform. The Company focuses on research and development of its technology platform, developing new products and enhancing its cloud-based administration services. The Company has designed and sold a flash-optimized hybrid storage platform.

Mentor Graphics Corp. (NASDAQ:MENT), dipped -4.48%, and closed at $23.46, after the news release that Mentor Graphics Corporation (MENT) declared financial results for the company’s fiscal fourth quarter ended January 31, 2015. The company stated proceeds of $439.1 million, non-GAAP earnings per share of $1.09, and GAAP earnings per share of $0.96. For the full fiscal year, proceeds were $1.244 billion, non-GAAP earnings per share were $1.77, and GAAP earnings per share were $1.26.

“Mentor Graphics set all-time records for the fourth quarter and full-year fiscal 2015,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “Fourth quarter results were driven primarily by Asian foundries and their customers adopting Design-to-Silicon solutions for 14nm and 10nm nodes and by the automotive sector’s continued demand for embedded software and electrical design products. Mentor’s board of directors is raising the quarterly dividend by 10% to $0.055 per share.”

Mentor Graphics Corporation is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world’s most successful electronic, semiconductor and systems companies.

MoSys Inc. (NASDAQ:MOSY), dropped -10.89%, and closed at $1.80, soon after the news release that a fabless semiconductor company, declared that it intends to offer shares of its ordinary stock in an underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be accomplished, or as to the actual size or terms of the offering.

Roth Capital Partners is acting as the sole book-running manager of the offering and The Benchmark Company is acting as co-manager.

The company intends to use the net proceeds from the offering for working capital and general corporate purposes.

MoSys Inc. (NASDAQ:MOSY), is a fabless semiconductor company enabling leading equipment manufacturers in the networking and communications systems markets to address the continual raise in Internet users, data and services.