The NASDAQ Technology Sector (INDEXNASDAQ:NDXT) had a terrible week and was down 3.38 percent and ended the week at 2,762.22 points by market close on Friday.
Some stability followed the volatility from the US elections where Donald Trump surprisingly clinched the coveted seat for US president. Indeed, since the win, tech stocks have hardly moved – until December 1, when they plunged. 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:
- Mattersight Corporation (NASDAQ:MATR)
- Western Digital (NASDAQ:WDC)
- Computer Task Group (NASDAQ:CTG)
- Virtusa Corporation (NASDAQ:VRTU)
- Attunity (NASDAQ:ATTU)
Here is a closer look at last week’s top gainers:
Mattersight Corporation provides software solutions for companies focusing on behavioural analytics and interactions between customers and staff. They recently reported their 2016 third quarter financial results, seeing $10.4 million total revenue, marginally down from the year before.
Shares of Mattersight Corporation gained 4.29 percent over the five-day trading period, and ended the week at $3.65 per share.
Western Digital is a US computer data storage company. They recently introduced new hard drives that can extend the lifespan of your PC or upgrade backup and storage solutions.
Shares of Western Digital gained 2.86 percent over the five-day trading period, and ended the week at $63.35 per share.
Computer Task Group
Computer Task Group is an American company based in New York that provides IT staffing and solutions. Their 2016 third quarter results saw $78.1 million, reflecting a decline in revenue from $83.5 million in the second quarter and $93.1 million in the third quarter of 2015.
Shares of Computer Task Group gained 2.44 percent over the five-day trading period, and ended the week at $4.19 per share.
Virtusa Corporation is an internet technology services company that helps its clients to streamline their business processes. Their 2017 second quarter results saw revenue of $210.1 million, up 2.2 percent from the last quarter.
Shares of Virtusa Corporation gained 2.07 percent over the five-day trading period, and ended the week at $22.19 per share. Year-to-date, however, the stock has lost 46.32 percent.
Attunity provides software solutions for Big Data and cloud migration. Their 2016 third quarter results saw revenue of $13 million, a 1.6 percent increase from last year.
Shares of Attunity peaked at the start of the month but fell back to register a gain of 1.51 percent over the five-day trading period, and ended the week at $5.72 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.