5 Top NASDAQ Tech Stocks: Netlist Up 29.57 Percent

Netlist (NASDAQ:NLST) was the NASDAQ’s top-gaining tech stock last week, with its share price rising 29.57 percent for the week. In the last year, it’s gained an even more impressive 69.32 percent. 
CYREN (NASDAQ:CYRN), Determine (NASDAQ:DTRM), Datawatch (NASDAQ:DWCH) and SharpSpring (NASDAQ:SHSP) also saw big gains on the NASDAQ last week. Here’s a look at what moved their share prices during that time period.

Netlist

Netlist designs, manufactures and sells a range of memory subsystems intended for data center servers and the high-performance computing and communications markets. These memory subsystems are combinations of dynamic random-access memory integrated circuits, NAND flash memory, application-specific integrated circuits and other components assembled on printed circuit boards.
As mentioned, last week Netlist’s share price increased by 29.57 percent, bringing its year-to-date gain up to 69.32 percent. February was a particularly strong month for the company — with a 43.27-percent rise during that time, it landed on our list of top-gaining tech stocks twice that month.

CYREN

Cyren is a company that creates IT solutions for web, email and transaction protection. This integrated cloud-based security company has a market cap of $57.88 million. Last week, the company’s share price increased by 24.46 percent, contributing to its monthly share price growth of 20.14 percent. CYREN was profiled recently in our list of top Israeli cybersecurity companies.

Determine

Determine, previously known as Selectica, provides enterprise contract management, supply management, procure-to-pay and configuration solutions. The company offers a variety of products, from SmartContracts and SmartSource to SmartAnalytics. Last week, the company saw its share price rise 10.53 percent. During that time, Determine released its financial results for the third fiscal quarter of 2016.

Datawatch

Datawatch is engaged in the design, development, marketing, distribution and support of business computer software, primarily within the visual data discovery market.
The company saw a 8.32-percent increase in its share price last week, and has risen 19.63 percent in the last month; however, it is still down 12.88 percent year-to-date. Some of Datawatch’s recent share price growth can be attributed to Vice President Sanjay K. Mistry’s decision to acquire 20,400 shares of the company. According to Financial Market News, he now owns 139,367 shares of Datawatch, and they are valued at $616,002.14.

SharpSpring

SharpSpring is a global provider of cloud-based marketing technologies and email services. The company provides a range of business-to-business marketing and communications products and services, as well as email infrastructure and relay services. 
Zacks Investment Research recently upgraded SharpSpring to a “buy” rating. It’s also worth noting that the company became a Gold Level Member of the Florida Institute for the Commercialization of Public Research’s Leadership Circle last week. SharpSpring initially got its start through the organization’s Seed Capital Accelerator Program back in 2012.
 
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 $10 million and less than $100 million prior to the week’s gains are included. Companies within the computer software and processing sector are considered.
Securities Disclosure: I, Morag McGreevey, hold no direct investment interest in any company mentioned in this article.
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