5 Top Weekly NASDAQ Tech Stocks: Index Drop Again

Internap, Internet Gold Golden Lines, Iteris, NetSol Technologies, and Marchex were last week's top gainers.

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It was another week of losses for the NASDAQ 100 Technology Sector index (INDEXNASDAQ:NDXT), which dropped 0.78 percent to 3,487.60 points as of 1:41 p.m. EST on Friday. 

On Friday, MarketWatch reported that the “love affair” between investors and tech stocks is beginning to burn out, although the index overall has gained 21.62 percent year-to-date.

That said, Simon Maierhofer, a MarketWatch contributor, said there is still hope for the tech sector.

” While a correction is likely to happen soon, it would be healthy and (once complete) set up at least one more ‘FANG-tastic’ buying opportunity,” he said, referring to the FAANG stocks, which include  Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN),  Apple (NASDAQ:AAPL) Netflix (NASDAQ:NFLX) and Google’s parent company, Alphabet (NASDAQ:GOOGL).

That said, a number of tech stocks still make strong returns last week, including:

  • Internap (NASDAQ:INAP)
  • Internet Gold Golden Lines (NASDAQ:IGLD)
  • Iteris (NASDAQ:ITI)
  • NetSol Technologies (NASDAQ:NTWK)
  • Marchex (NASDAQ:MCHX)

Here’s a closer look at the 5 top weekly NASDAQ tech stocks.

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Internap

First on our 5 top weekly NASDAQ tech stocks list is Internap, a  company that provides of Internet infrastructure. More specifically, the Company operates through two segments: Data Center and Network Services, and Cloud and Hosting Services.

Last week, shares of Internap increased 12.01 percent to $4.27 as of 2:31 p.m. EST on Friday. That said, the company did not have any news on its website during the trading period to describe its share price increase.

Internet Gold Golden Lines

Next on our list is Internet Gold Golden Lines, a communication service group whose main asset is its 64.78 percent interest in B Communications (NASDAQ:BCOM).

The company’s segments include Domestic Fixed-Line Communications; Cellular Communications; International Communications and Internet Services; and Multi-Channel Television (DBS Satellite Services).

That said, Internet Gold Golden Lines also did not have any news during the trading week to describe its share price increase. Still, the company’s stock rose 10.39 percent last week to $6.70 as of 2:42 p.m .EST on Friday.

Iteris

Middle of the pack on our 5 top weekly NASDAQ tech stocks list is Iteris, a company that provides information solutions for traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics.

Much like the two companies above, Iteris did not have any specific news during last week’s trading period. Over the five-day period, share of Iteris increased 8.65 percent to reach $6.78 as of 2:50 p.m. EST on Friday.

NetSol Technologies

NetSol Technologies provides of information technology and enterprise software solutions, with a focus on helping the asset finance and leasing industry.

NetSol’s NFS Ascent platform offers a solution for the auto and equipment finance and leasing industry.

While the company didn’t have any news during this trading period, the week before on July 27, the company announced it was recognized as a “Best-Selling Finance and Leasing Solution Provider” in China for a fifth consecutive year.

Last week, shares of NetSol increased 2.55 percent to reach $4.55 as of 3:01 p.m. EST on Friday.

Marchex

Closing out our 5 top weekly NASDAQ tech stocks list is Marchex, a mobile advertising analytics company. Its product offerings include Marchex Call Analytics, Marchex Search Analytics, Marchex Display and Video Analytics, Marchex Social Analytics, Marchex Call Marketplace and Local Leads.

On August 2, the company announced its Q2 2017 results, highlighting that revenue was $22.0 million for the quarter.

As such, it’s no surprise the company’s share price was on the move last week. Over the five-day trading period, shares of Marchex increased 1.72 percent to reach $2.95 as of 3:13 p.m. EST on Friday.

Don’t forget to follow us @INN_Technology for real-time news updates.

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, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.


**This article is updated each week. Please scroll to the top

5 Top Weekly NASDAQ Tech Stocks: Tech Giants Take a Dip

By Jocelyn Aspa, July 30, 2017

After a coming off a strong week, the NASDAQ 100 Technology Sector index (INDEXNASDAQ:NDXT) traded lower again last week, falling 1.79 percent to 3,516.54 points as of 1:27 p.m. EST on Friday. 

As reported by the Financial Advisor on Friday (July 28), a “convulsion of selling” shook the tech sector on Thursday (July 27).  That said, Reuters also reported on Friday that tech giants such as Amazon (NASDAQ:AMZN), Facebook (NASDAQ:FB), Google-parent Alphabet (NASDAQ:GOOGL), and Netflix (NASDAQ:NFLX) also traded lower, resulting in the index’s weak trading period. Overall, however, the NASDAQ 100 Technology Sector is still the best performing sector so far this year, rising 22.64 percent year-to-date.

That said, a number of other tech stocks still had relatively strong trading weeks, including:

  • Limelight Networks (NASDAQ:LLNW)
  • Sigma Designs (NASDAQ:SIGM)
  • Netlist (NASDAQ:NLST)
  • Bsquare (NASDAQ:BSQR)
  • Concurrent Computer (NASDAQ:CCUR)

Here’s a closer look at the 5 top weekly NASDAQ tech stocks.

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Limelight Networks

First on our top weekly NASDAQ tech stocks list is Limelight Networks, a company that provides content delivery and similar services and solutions for businesses around the world, with a focus of delivering digital content over the internet, mobile phones and social channels. In particular, services of the company include content delivery, mobile delivery, video content management, performance, cloud-based storage, and cloud-base content security.

On Wednesday (July 26), the company reported its financial results for Q2 2017, highlighting revenue was $45.4 million–a four percent increase year-on-year. In that regard, it’s not surprising Limelight’s share price was up during the week. Over the five-day trading period, the company’s stock increased 8.91 percent to $3.48 as of 1:46 p.m. EST on Friday.

Sigma Designs

Next is Sigma Designs, a company that provides global integrated semiconductor solutions. The company’s products are sold to markets such as smart television, media connectivity, set-top box and internet of things (Iot) devices.

Also onWednesday, the company announced the engagement of a financial advisor to help explore alternatives to enhance stockholder value.  As a result, Sigma Designs’ share price was up 6.5 percent over the five-day trading period to $6.53 as of 2:00 p.m. EST on Friday.

Netlist

Middle of the pack on our 5 top weekly NASDAQ tech stocks list is Netlist.  Netlist designs, manufactures and sells memory subsystems for datacenter, data storage and computing markets.

More specifically, Netlist’s flagship product is called NVvault, a flash memory based subsystem that enables data retention following a disaster, and EXPRESSvault, a PCI Express backup and recovery solution for cache data protection.

The company announced on Wednesday that the US Court of Appeals for the Federal Circuit remanded previous decisions from the US Patent Trial and Appeal Board, which invalidated certain claims of Netlist’s US Patent Numbers.

Last week, shares of Netlist increased 5.31 percent to $1.19 as of 2:02 p.m. EST on Friday.

Bsquare

Bsquare provides software solutions and engineering services to businesses that create, market and sell purpose standalone intelligent systems. The company’s DataV software solutions can be used by a variety of enterprises to create business-related internet of things systems that monitor device data, automate processes, predict events, and produce “better” business outcomes.

Also on Wednesday, Bsquare announced that its product, DataV, is now available on AWS Marketplace, which no doubt impacted its share price movement. Over the five-day trading period, shares of Bsquare increased 3.64 percent to $5.70 as of 2:07 p.m. EST on Friday.

Concurrent Computer

Rounding out our top 5 weekly NASDAQ tech stocks list is Concurrent Computer. Concurrent Computer is a software and solutions company that develops applications on storage technologies.

On Wednesday, the company announced the introduction of its new product, Media Delivery Springboard solutions, a cost-effective means for small and medium-sized cable operators to ingest, store, transform and deliver video-on-demand and live streaming content.

To that end, it’s also not surprising that shares of Concurrent Computer were on the rise last week: as of 1:25 p.m. EST on Friday, shares of the company had increased 0.9 percent over the five-day trading period to $6.75.

Don’t forget to follow us @INN_Technology for real-time news updates.

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, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

Tech Forecast and Promising Tech Stocks To Buy in 2017

Learn about breakthrough technology about to impact lives around the globe. We cover the entire industry in our FREE investor’s report.   Gain Access

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Tech Forecast and Promising Tech Stocks To Buy in 2017

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