5 Top NASDAQ Tech Stocks: Rocket Fuel Leads with 15.85 Percent Gains

FireEye, Mitek Systems, Amaya and Simulations Plus were also the week’s top gainers.

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The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) went down last week, seeing a decrease of 0.37 percent over the last five trading days and closed at 3,260.21 points on Friday.

Last week HP (NYSE:HPQ) opened the world’s first 3D Open Materials and Applications Lab. In an attempt to give a boost to their stock, Twitter (NYSE: TWTR) announced the possibility of introducing a paid-service for its platform, where users could get a premium version of the site with adavanced data.

Here’s a look at last week’s top five technology gainers on the NASDAQ:

  • Rocket Fuel (NASDAQ: FUEL)
  • FireEye (NASDAQ:FEYE)
  • Mitek Systems (NASDAQ:MITK)
  • Amaya (NASDAQ:AYA)
  • Simulations Plus (NASDAQ:SLP)

Rocket Fuel

This digital advertising company focuses on their data-driven predictive marketing powered by artificial intelligence. Last week the company expanded a partnership with IBM by getting to use the IBM Watson technology.

Rocket Fuel gained 15.85 percent over the five-day trading week and ended at $4.75 per share.

FireEye

This company is focused on malware protection and network prevention solutions, designed to respond and remediate cyber-attacks. Last week they were upgraded from a Sell option to a Buy from Goldman Sachs.

FireEye gained 14.45 percent over the five-day trading week and ended at $12.28 per share.

Mitek Systems

Mitek develops, markets and sells mobile capture and identity verification software solutions that allow customers to remotely deposit checks and perform other banking activities. Last week the company announced Synchrony Financial (NYSE:SYF) adoption of Mitek’s Mobile Fill. However, there has been no further recent news from the company to explain last week’s rise in share price.

Mitek Systems gained 11.11 percent over the five-day trading week and ended at $6.50 per share.

Amaya

Amaya is an online gaming and gambling company, offering online and mobile real and play money poker as well as other betting games. Last week the company increased its earning forecast for 2017.

Amaya gained 10.82 percent over the five-day trading week and ended at $16.90 per share.

Simulations Plus

This company develops software for pharmaceutical use including research and education. The company announced positive preliminary revenues results for the first quarter of 2017 totaling $5.64 million.

Simulations Plus gained 8.42 percent over the five-day trading week and ended at $10.95 per share.

 

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, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

Related reading: 

5 Top NASDAQ Tech Stocks: Qualstar Leads with 63.66 Percent Gains

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