Top Technology Stocks:
Leading technology stocks were gaining pre-market Tuesday.
Stocks moving on news include:
(-) Box (BOX), which was slumping by more than 14% as its adjusted net loss narrowed to $0.03 per share in Q1 from $0.07 loss per share a year earlier, a smaller loss than analysts' estimates of $0.05 loss per share in a Capital IQ poll.
(+) Coupa Software (COUP) was gaining more than 6% in value after the cloud-based business spend management platform provided an upbeat fiscal Q2 revenue outlook while reporting fiscal Q1 results that beat Wall Street expectations.
(+) Uber (UBER) is currently under a federal income tax examination by the Internal Revenue Service (IRS) for tax years 2013 and 2014 that could result in a reduction in unrecognized tax benefits by at least $141 million, according to a filing with the Securities and Exchange Commission. Uber was recently trading more than 3% higher.