Rackspace, Facebook, Apple: Tech Premarket

NEW YORK ( TheStreet) - Rackspace ( RAX) was a loser in premarket trading Wednesday following the company's third-quarter results released on Tuesday.

The San Antonio, Texas.-based company reported revenue and profit in line with Wall Street's expectations, although investors were unimpressed by the numbers.

Rackspace shares were down 2.24% to $64.6 before market open.

Facebook ( FB) was another laggard, down 1.71% to $20.81 before market open. The social networking phenomenon was also one of the most active premarket Nasdaq stocks on share volume of 256,004.

Sirius XM ( SIRI) shares were off 0.73% to $2.79 on share volume of 548,037.

Apple ( AAPL) was also down in premarket trading on Wednesday, slipping 1.07% to $574 on share volume of 193,588.

On Tuesday, the tech giant was told to pay $368.2 million to VirnetX ( VHC), according to media reports. A federal jury ruled that Apple infringed VirnetX patents for VPN technology related to the company's FaceTime offering, Bloomberg reported.

--Written by James Rogers in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

More from Technology

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Some Companies Are Already Feeling the Effect of GDPR

Some Companies Are Already Feeling the Effect of GDPR

Experts Break Down GDPR Risks for Investors

Experts Break Down GDPR Risks for Investors

Netflix Ready to Surpass Disney as America's Most Valuable Media Company

Netflix Ready to Surpass Disney as America's Most Valuable Media Company

60 Seconds: What the Heck is GDPR?

60 Seconds: What the Heck is GDPR?