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Sector Update: Tech Stocks Little Changed; CounterPath Jumps Almost 36% After Inking Sales Pact with 'Major' Supplier

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Technology stocks were little changed today with shares of technology companies in the S&P 500 slipping less than 0.1%.

In company news, shares of CounterPath Corp ( CPAH ) were surging Wednesday after the voice over Internet protocol software company said a "major" supplier of networking equipment signed a strategic channel agreement with the company to sell its enterprise over-the-top communications systems to operators worldwide.

The deal covers all of CPAH's products and services enabling voice, video, presence and messaging over the most popular operating systems and devices. Financial terms of the pact were not disclosed.

CPAH shares were up nearly 36% at $1.17 apiece, earlier advancing to an intra-day high of $1.30 a share. The stock has traded in a range of 83 cents to $2.18 a share, declining nearly 18% over the past 12 months.

In other sector news,

(-) DGLY, (-5.1%) Reverses initial gains that followed company reporting "dramatic" rise in inquiries about its FirstVU HD body camera over the past week in response to civil unrest in Ferguson, Mo.

(-) TEDU, (-5.2%) Projected Q3 revenue of $38.5 mln to $39.5 mln trails Street view by at least $2.53 mln while FY14 outlook lags expectations by at least $1.72 mln. Q2 non-GAAP EPS of $0.12 beats by $0.05; revenue rises 53.3% to $31.94 mln beats by $670,000.

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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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