-- Technology stocks were edging higher premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.4% and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 1.2%.
Taiwan Semiconductor Manufacturing (TSM) shares were up more than 2% after the company reported Q1 net revenue of 1.134 trillion New Taiwan dollars ($35.69 billion), up from NT$839.25 billion.
Dino DiPerna, Senior Vice President, Global Research and Development, on April 15, 2026, sold 2,829 shares in Ciena (CIEN) for $1,334,694. Following the Form 4 filing with the SEC, DiPerna has control over a total of 42,460 common shares of the company, with 42,460 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/936395/000199846026000005/xslF345X05/edgardoc.xmlPrice: $486.39, Change: $+10.63, Percent Change: +2.23%
Price: $53.54, Change: $+0.24, Percent Change: +0.45%
Elastic (ESTC) is well-positioned to benefit from enterprise artificial intelligence adoption, particularly as AI applications move into large-scale production, RBC Capital Markets said in a Thursday note.The brokerage said the company's mid-term targets of over 20% total revenue growth, over 20% non-GAAP operating margins, and free cash flow margin remain on track.RBC said Elastic differentiates itself from competitors through its self-managed and flexible deployment offerings, positioning it close to both structured and unstructured data.Management highlighted current remaining performance obligations as a key directional indicator, noting growth accelerated to 15% constant currency in the latest quarter, which could support future revenue growth, according to the note."We do not believe the war in Iran will have a material impact on results," RBC said, noting that while the company has some exposure to the Middle East, these markets are relatively immaterial.RBC maintained an outperform rating on the stock, but lowered its price target to $70 from $80.Price: $47.81, Change: $+0.30, Percent Change: +0.63%