Tech stocks: Apple shares surge

Apple is reaping the benefits of a positive quarterly earnings report on Wednesday. Let's look at the tech stocks to watch.

Apple stock rising. Shares of the Cupertino, Calif., company have jumped nearly 5% in early morning trading after its third-quarter earnings topped Wall Street expectations.

However, even though Apple beat forecasts, there are signs that growth is starting to slow down. Revenue came in flat compared to the same time last year, while profits sunk from $8.82 billion last year to $6.9 billion.

Investors and consumers are counting down until fall, when Apple is expected to roll out a new lineup of iPhones and iPads.

Cisco climbing. Shares of the networking giant are up 1.3% after announcing its acquisition of security firm Sourcefire for $2.7 billion.

The deal is expected to be complete by the end of this year.

Follow Brett Molina on Twitter: @bam923.