5 Top Weekly NASDAQ Tech Stocks: Index Posts Worst Week of 2017

Perion Network, ARI Network Services PDF Solutions, Zix and Mitek Systems were the top gainers on the NASDAQ 100 Technology Sector Index last week.

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For the first time in six weeks, the NASDAQ 100 Technology Sector index (INDEXNASDAQ:NDXT) took a hit, dropping 1.97 percent to close the five-day period at 3,504.21 points.

As reported by CNBC on Friday, the index slid due to stocks of big-name companies, such as Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Google-parent Alphabet (NASDAQ:GOOGL) all sliding at least 3 percent.

Still, a number of tech stocks rallied slightly last week despite the index’s overall loss. The five top weekly NASDAQ tech stocks were:

  • Perion Network (NASDAQ:PERI)
  • ARI Network Services (NASDAQ:ARIS)
  • PDF Solutions (NASDAQ:PDFS)
  • Zix (NASDAQ:ZIXI)
  • Mitek Systems (NASDAQ:MITK)

Here’s a closer look at those companies.

Perion Network

Perion Network tops the list for the third straight week in a row.

Based in Israel, Perion Network provides engagement and monetization solutions for web and mobile-web digital businesses. More specifically, its search division called CodeFuel helps developers optimize search traffic and generate revenue, while its advertising platform, MakeMeReach, grasps marketing campaigns and demands generation from a variety of social media platforms.  Perion’s other business solutions include Undertone, Grownmobile, IncrediMail, and Smilebox.

It was a busy week for Perion, with two announcements: on  June 5, the company announced that its MakeMeReach platform had been named a Snapchat (NYSE:SNAP) while on June 7 it announced that its ‘Undertone’ division was in collaboration with the Associated Press for ‘First-to-Market’ opportunity regarding the Top 25 college football poll.

As such, it’s no surprise Perion’s shares were on the upward swing last week.  Over the five-day trading period, the company’s shares increased 9.44 percent to close at $1.97 on Friday.

ARI Network Services

Next is ARI Network Services, who provides website, software and data solutions. Some of ARI’s products include Lead Generation and eCommerce Websites, eCatalogs, Business Management Software, and Digital Marketing Services. Examples of company’s business management software solutions include its use in the automotive tire and wheel aftermarket.

On Thursday, the company’s fiscal 2017 third quarter results were released, highlighting an increase in revenue for the 13th straight quarter. As a result, the company’s stock price was on the rise last week by 6.9 percent to close at $5.89 over the five-day week.

PDF Solutions

Middle of the road is PDF Solutions–a company that provides infrastructure technologies and services for integrated circuits with a prime focus on integrated circuit process life cycle.

Some of the company’s developed solutions include: yield simulation, analysis, loss detection and improvement.

Last week, shares of PDF Solutions increased slightly–by 3.76 percent–to close at $17.10 on Friday. That said, there was no related-company news during the trading week to describe its share price increase.

Zix

Next is Zix, who provides email encryption, data loss prevention and bring-your-own-device security in order to meet business data protection.

For example, Zix’s email encryption allows for secure email exchanges that entail sensitive information through a secure messaging platform. Zix also offers a service called ZixDirectory, which is an email encryption community that is designed to share identities of its members.

Last week, shares of Zix increased marginally by 2.96 percent to close at $6.26.

Mitek Systems

Closing out the 5 top weekly NASDAQ tech stocks is Mitek Systems, a company that develops, markets, and sells mobile capture and identity verification software solutions, targeting enterprise customers.

More specifically, its platforms allow for users to remotely deposit checks, open accounts, get insurance quotes, pay bills and verify their identity by taking pictures of documents with the cameras on their smartphones or tablets.

On June 6, it was announced that the company was awarded the 30th patent for mobile capture innovation, which no doubt helped push its share price up last week. Over the five-day perid, shares of Mitek rose just slightly–1.23 percent–to close at $8.25 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 for the most recent information.

5 Top Weekly NASDAQ Tech Stocks: “It’s Been a Great Year for Tech Stocks”

By Jocelyn Aspa, June 4, 2017

The NASDAQ 100 Technology Sector index (INDEXNASDAQ:NDXT) has certainly been on the upswing, making gains six weeks in a row. Last week, the index was up a solid 3.91percent to close at 3,575.12 points on Friday.

On a year-to-date basis, the index has gained 24.63 percent. As you can see, it’s easy to see that 2017 has been a good year so far for tech stocks.

As CNBC reported, the index is up over 20 percent, while the Russell 200 index has only moved 3 percent. If that trend continues, the publication stated, “2017 will witness the greatest outperformance for the Nasdaq 100 as compared to the Russell 2000 since 1999.”

With that in mind, the 5 top weekly NASDAQ tech stocks include:

  • Perion Network (NASDAQ:PERI)
  • USA Technologies (NASDAQ:USAT)
  • ARI Network Services (NASDAQ:ARIS)
  • JMU (NASDAQ:JMU)
  • Simulations Plus (NASDAQ:SLP)

Perion Network

Perion Network tops the list for the second week in a row.

Based in Israel, Perion Network provides engagement and monetization solutions for web and mobile-web digital businesses. More specifically, its search division called CodeFuel helps developers optimize search traffic and generate revenue, while its advertising platform, MakeMeReach, grasps marketing campaigns and demands generation from a variety of social media platforms.

While shares of the company rose 22.45 percent last week to close at $1.80 on Friday, the company did not have any related news on its website related to the share price boost.

USA Technologies

Next on our 5 top weekly NASDAQ tech stocks is USA Technologies. The company provides technology-enabled solutions that help with electronic transactions with the unattended point of sale (POS) market. More specifically, USA Technologies provides in the small ticket, beverage, and food industry while also being engaged with providing solutions to other markets, such as amusement, commercial laundry and so on.

Much like Perion Network, USA Technologies did not have any news during the trading week. Still, its shares rose 14.29 percent last week to close at $5.20.

ARI Network Services

Middle of the pack is ARI Network Services, who provides website, software and data solutions, whose products include Lead Generation and eCommerce Websites, eCatalogs, Business Management Software, and Digital Marketing Services.

On May 31, the company announced the scheduling of a conference call to take place on June 8 to discuss its third quarter fiscal 2017 earnings, which may have helped boost its share price over the trading period. Over the week, shares of ARI Network Services rose 13.29 percent to close at $5.54 on Friday.

JMU

JMU operates China’s biggest online foodservice platform that provides business-to-business services to foodservice providers and consumers. According to the company website, JMU hopes to “cultivate traditional offline foodservice businesses using internet tools to create value for foodservice companies, brand suppliers and customers.”

On May 26, the company released its fourth quarter and fiscal year 2016 financial results, highlighting that revenue in the final quarter was $20.9 million–a 182.3 percent increase from the same period the previous year. Last week, shares of JMU rose 9.29 percent to close at $2.00.

Simulations Plus

Closing out the 5 top weekly NASDAQ tech stocks is Simulations Plus, which was founded in 1996. The company develops/produces software for pharmaceutical research and education. As such, Simulations Plus provides five software products for pharmaceutical research, including Absorption, Distribution, Metabolism, Excretion, and Toxicity.

On June 1, the company announced it had closed the acquisition of DILIsym Services, who is in the business of simulating drug-induced liver injury. As such, it’s no surprise that Simulation Plus’ share price was on the rise. Last week, the company’s stock price increased 9.09 percent to close at $12.60 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.

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