Tech Five: Zulily surges off Alibaba stake

Shares of online marketplace Zulily are soaring off a major investment. Let's take a look at the technology stocks to watch Monday:

Zulily. Shares surged more than 11% in morning trading Monday after Alibaba revealed it was taking a 9% stake in the company, according to filings with the Securities and Exchange Commission. Monday's bump in stock price is a big rebound in an otherwise rough year on Wall Street for Zulily. Shares of Zulily are down 43% for the year.

GoDaddy. Shares of the domain name registrar jumped 2.5% after Citi gave the company's stock a "buy" rating, reports CNBC. Citi cites the company's sales and earnings outlook, says the report.

Cisco. The networking giant also nets a stock upgrade, reports CNBC, from Pacific Crest. Last week, Cisco named Chuck Robbins its next CEO, ending the 20-year run of John Chambers.

Rackspace. The cloud company reports first quarter earnings after the markets close Monday. Analysts project earnings of 20 cents a share off $481.57 million in revenue.

Dish Network. Shares of the satellite TV service are up slightly after meeting estimates on revenue for the first quarter. The company reported revenue of $3.7 billion, but added fewer broadband and pay TV subscribers compared to the same time last year.

Follow Brett Molina on Twitter: @brettmolina23.