The NASDAQ Technology Sector (INDEXNASDAQ:NDXT) had a good week and was up 2.35 percent and ended the week at 2,825.74 points by market close on Friday.
Some stability followed the volatility last week due to the US elections where Donald Trump surprisingly clinched the coveted seat for US president. According to TechCrunch, Trump will not be a friend to the tech world.
Despite remaining uncertainty surrounding the Trump presidency, here are last week’s top NASDAQ tech stocks in the computer software and processing industry:
- Bsquare (NASDAQ:BSQR)
- Mentor Graphics (NASDAQ:MENT)
- Nuance Communications (NASDAQ:NUAN)
- Guidance Software (NASDAQ:GUID)
- Planet Payment (NASDAQ:PLPM)
Here is a closer look at last week’s top gainers:
Bsquare is a technology distributor and solution provider for the Internet of Things. Recently the company reported its Q3 results, announcing revenue at $22.5 million.
Shares of Bsquare gained 19.57 percent over the five-day trading period, and ended the week at $5.50 per share.
Mentor Graphics is a US-based software firm. Last week, Siemens announced the purchase of Mentor Graphics for either $37.25 per share or 21 percent more than Mentor’s closing price on Friday. The Mentor board advised shareholders to approve the deal.
Shares of Mentor Graphics gained 18.94 percent over the five-day trading period, and ended the week at $36.49 per share. Year-to-date, the stock has gained 98.1 percent.
Nuance Communications is a provider of voice recognition solutions and natural language understanding technologies.
Shares of Nuance Communications ended on a high note on Friday when it registered a gain of 17.92 percent over the five-day trading period, and ended the week at $16.91 per share.
Guidance Software, a cybersecurity technology company, announced its Q3 financial results and a revenue of $27.7 million, up from the same period last year.
Last week, shares of Guidance Software gained 15.42 percent over the five-day trading period, and ended the week at $6.81 per share.
Planet Payment provides worldwide payment and transaction processing across currencies. Their third quarter results saw total revenue grow 8 percent to $13.6 million, up $1 million from 2015.
Shares of Planet Payment trended steadily upwards last week and gained 11.79 percent over the five-day trading period, and ended the week at $4.36 per share.
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Data for 5 Top NASDAQ Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million and less than $500 million prior to the week’s gains are included. Companies within the computer software and processing sector are considered.
Securities Disclosure: I, Emma Harwood, hold no direct investment interest in any company mentioned in this article.