Adobe, BlackBerry, Zynga: Tech Premarket

NEW YORK ( TheStreet) -- Adobe ( ADBE) shares popped more than 5% in premarket trading on Wednesday after the software maker reported better-than-expected fiscal first-quarter results.

On Tuesday, the San Jose-based firm reported earnings of 35 cents a share on $1 billion in revenue. Analysts surveyed by Thomson Reuters were looking for earnings of 31 cents a share on $986 million in revenue.

Adobe shares surged on the results, and were up 5.52% to $43 before market open. The company was also one of the most active premarket Nasdaq stocks on share volume of 272,381.

BlackBerry ( BBRY) was another big gainer, rising 5.39% to $15.84, lifted by positive analyst sentiment. Morgan Stanley ( MS) analyst Ehud Gelblum has upgraded the Canadian handset maker to "overweight" from "underweight" and raised his price target to a Wall Street high of $22. Gelblum believes that gross margins from the new BlackBerry 10 phones will add to BlackBerry's earnings this year.

The phone giant was another active Nasdaq stock on share volume of 1,976,248.

Zynga ( ZNGA) shares, however, dipped 1.73% to $3.41 while SiriusXM ( SIRI) shares crept up 0.33% to $3.07.

Facebook ( FB) gained 0.49% to $26.68.

--Written by James Rogers in New York.

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

More from Technology

Listen: Will Smart Technologies Woo Millennials Back to Motorcycle Riding?

Listen: Will Smart Technologies Woo Millennials Back to Motorcycle Riding?

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Tesla Model 3 Delivery Time Falls, but Will It Help the Stock?

Tesla Model 3 Delivery Time Falls, but Will It Help the Stock?

Baidu Stock Plummets After COO Qi Lu Resignation

Baidu Stock Plummets After COO Qi Lu Resignation