Tech Five: Box surges off earnings

Brett Molina

USA TODAY

June 11, 2015, 9:35 a.m. ET

Cloud computing startup Box is off to a fast start on the markets Thursday. Let's take a look at the tech stocks to watch:

epa04579302 A handout image made available by New York Stock Exchange, showing CEO and Co-Founder, Aaron Levie (C-R), along with CFO and Co-Founder, Dylan Smith (C-L), ringing the Opening Bell on 23 January 2015 as executives and guests of California-based Box, Inc. visit the New York Stock Exchange (NYSE) to celebrate their IPO (initial public offering). EPA/NYSE / VALERIE CAVINESS / HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES ORG XMIT: NYSE93

Box. Shares are up 13% in pre-market trading after the company topped estimates during the first quarter. Box reported a net loss of 28 cents a share with revenue of $65.6 million, beating forecasts of $63 million.

Amazon. The European Commission says it's investigating the online retailer's business practices, claiming clauses in the company's contracts with publishers might limit competition. If confirmed, the clauses could violate antitrust laws.

Facebook. The social network's virtual reality company Oculus is hosting a press conference Thursday. Recently, the startup confirmed its Oculus Rift VR headset would start shipping early next year.

Microsoft. The tech giant will acquire the app management service Bluestripe. Microsoft says it will use the company's technology to help improve the visibility of apps.

Google. The company announced the Sidewalk Labs initiative to help improve life in the city. Sidewalk Labs will be run by former New York City deputy mayor Dan Doctoroff.

Follow Brett Molina on Twitter: @brettmolina23.

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