Apple, Google, Nokia, Juniper: Tech Premarket

NEW YORK (TheStreet) -- Apple (AAPL) saw its stock gain 0.64% to reach $533.20 before market open on Tuesday despite receiving a rare price target cut from an analyst earlier this week.

Positive sentiment, however, continues to swirl around the company, with IDC citing the iPhone maker's upward trajectory.

IDC reported Monday that during the third quarter the worldwide smart connected device market, which includes PCs, tablets and smartphones, grew 27.1% year over year.

Although arch-rival Samsung maintained the top position with 21.8% market share based on shipments, Apple's numbers were impressive, according to the tech research firm. The Cupertino, Calif.-based company ranked second overall in shipments, but led the field in terms of value, bringing in $34.1 billion with an average selling price (ASP) of $744 across all devices.

Shares of Google (GOOG) which suffered a service disruption in its Gmail and Google Drive offerings on Monday, gained 0.52% to reach $688.99 in premarket trading on Tuesday.

The Internet giant's shares closed up 0.18% on Monday.

Shares of Nokia (NOK), which closed down 4.16% on Monday, were off 1.08% at $3.65 on Tuesday as investors continued to weigh the challenges facing the Finnish handset maker.

Juniper (JNPR) shares dipped 0.31% to $19.22 in premarket trading on Tuesday after slipping 0.05% on Monday.

Cisco (CSCO), which announced a new brand strategy, saw its shares creep up 0.4% in premarket trading.

The networking giant gained 2.35% during Monday's session.

--Written by James Rogers in New York.

Follow @jamesjrogers

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