Technology stocks were advancing premarket Tuesday, with The Technology Select Sector SPDR Fund (XLK) 0.5% higher and the SPDR S&P Semiconductor ETF (XSD) up 2.3%.
Commvault Systems (CVLT) shares rose by over 3% after the company reported higher fiscal Q3 non-GAAP earnings and revenue in addition to lifting its fiscal 2025 revenue outlook.
Clarivate (CLVT) stock was over 2% higher after the company said the British Library has selected the company to provide its library services and discovery platforms.
SAP (SAP) shares were down more than 2% even after the company reported higher Q4 non-IFRS earnings from continuing operations and revenue.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.