Sector Update: Tech Technology

By Staff,

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Technology shares were generally higher in pre-market trade Friday.

In technology stocks news, Vodafone ( VOD ) shares were up more than 1% in pre-market trade as the telecom giant outlined the scale of its allowed phone-tapping in a 20-page report.

Vodafone said government agencies in about 29 countries are permitted to tap conversations through its network, the Wall Street Journal and other outlets reported Friday morning.

VOD trades between a 52-week range of $34.10 to $72.55.

And, analysts at Topeka Capital Markets have raised their price target on shares of Netflix ( NFLX ) to $517 from $421 a share. The firm maintained its buy rating on the stock.

The new price target represents a potential upside of 20% from the stock's current market price.

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

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: VOD , NFLX

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