In tech earnings, PRGS (+6.3%) posted a miss and guided lower. EXTR (-5.1%) and SIMG (-9.9%) also lowered their guidance, while CRAY (-3.2%) offered mixed guidance. In news, ROVI (+4.9%) announced its intent to pursue sale of Rovi Entertainment Store Business. Among rumors, S (-0.4%) is considering Sprint-branded pre-paid plan, according to reports. Among notable analyst upgrades this morning in the tech space, ADNC (+12.3%) was upgraded to Overweight at JP Morgan and Stifel upgraded APKT (+9.2%) and ARUN (+2.2%) to Buy. Among downgrades, FSL (-2.3%) was downgraded to Neutral at JP Morgan and Argus downgraded MSFT (-0.8%) to Hold. There are no notable names in tech scheduled to report quarterly results today after the close.
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