Technology stocks were flat to lower premarket Monday. The Technology Select Sector SPDR Fund (XLK) was inactive and the iShares Semiconductor ETF (SOXX) was recently slipping by 0.29%.
Coupa Software (COUP) reported fiscal Q3 non-GAAP net income of $0.15 per diluted share, down from $0.31 a year earlier. Analysts polled by Capital IQ expected $0.10. Separately, Coupa said it has agreed to be acquired by investment firm Thoma Bravo in an all-cash transaction valued at $8 billion. Shares gained nearly 27% in premarket trading.
Cellebrite (CLBT) was up more than 4% after saying its long-term partnership with a European national police force was extended in a deal worth more than $10 million for the deployment of the company’s data intelligence software Cellebrite Pathfinder.
Microsoft (MSFT) was slightly advancing after the company and the London Stock Exchange Group said Microsoft will acquire a 4% stake in the exchange operator as part of a 10-year strategic partnership.
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