09:01 AM EDT, 09/13/2024 (MT Newswires) -- Technology stocks were steady premarket Friday as the SPDR S&P Semiconductor ETF ( XSD ) was inactive and the Technology Select Sector SPDR Fund ( XLK ) was 0.1% higher recently.

Oracle (ORCL) Executive Vice President of Corporate Operations Doug Kehring said during the company's financial analyst meeting Thursday that Oracle's fiscal 2029 revenue will exceed $104 billion. The company also raised its revenue outlook for fiscal 2026 to at least $66 billion from a previous target of $65 billion. Oracle shares were up more than 6% premarket.

Similarweb ( SMWB ) shares were down over 11% after the company disclosed plans for a secondary offering of 3.5 million shares held by one of the company's longtime board members.

Methode Electronics ( MEI ) said its board appointed Mark Schwabero as chairman, following the retirement of Walter Aspatore. Methode Electronics ( MEI ) were up more than 2% pre-bell.