Sector Update: Tech Technology

By Staff,

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Technology shares were generally flat in pre-market trade Tuesday.

In technology stocks news, AT&T ( T ) shares were up about 0.8% after the company posited new guidance for fiscal 2014 and identified some Q2 trends.

AT&T raised its full-year 2014 guidance for revenue growth to be in the 5% range and reaffirmed its full-year 2014 guidance for stable consolidated margins, adjusted earnings per share growth at the low-end of the mid-single digit range

Marin Software ( MRIN ), which provides Revenue Acquisition Management platform for advertisers and agencies, has acquired San Francisco-based Perfect Audience, a privately held display and social retargeting company, it said after-hours Monday.

Perfect Audience offers advertisers an SaaS platform to retarget audiences across the web, Facebook and Twitter. Marin Software paid $22.8 million, comprised of approximately $5.4 million in cash and the remainder in common stock.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: T , MRIN

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