5 Top Weekly NASDAQ Tech Stocks: Index Back on Top

Iteris, ARI Network Services, BSquare, USA Technologies and ModusLink Global Solutions were the top gainers on the NASDAQ 100 Technology Sector Index last week.

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After a couple of weeks of losses, the NASDAQ 100 Technology Sector index (INDEXNASDAQ:NDXT) was back on the rise last week, gaining 2.74 percent to close at $3,551.02 points on Friday.

On Monday (June 19), CNBC reported that the tech sector saw a “substantial bounce” that day–which may have been the boost the index–and tech stocks–needed for the week.

Case in point, a variety of tech stocks also had strong weeks–with one company in particular rising nearly 200 percent over the five-day period. In particular, the 5 top weekly NASDAQ tech stocks were:

  • Iteris (NASDAQ:ITI)
  • ARI Network Services (NASDAQ:ARIS)
  • BSquare (NASDAQ:BSQR)
  • USA Technologies (NASDAQ:USAT)
  • ModusLink Global Solutions (NASDAQ:MLNK)

Here’s a closer look at those companies.

Iteris

First on the 5 top weekly NASDAQ tech stocks is Iteris, who provides solutions for traffic management and global agribusiness markets. Its three segments include: Roadway Sensors, Transportation Systems and a variety of products for traffic intersection control, incident detection, and roadway traffic data collection.

Last week, shares of Iteris increased a whooping 199.52 percent to close at $6.29 on Friday. Despite the company’s impressive share price increase, there was no related news during the trading period to describe its gains.

ARI Network Services

Middle of the pack on our weekly NASDAQ tech stocks list 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 June 21, it was reported that the company will be sold for $140 million to private equity firm True Wind Capital, although no details were provided as to when that transaction would be completed.  Shares of ARI Network Services rose 9.81 percent last week to close at $7.05.

Bsquare

Middle of the pack is Bsquare, who provides software solutions and engineering services to businesses who develop, market and sell standalone intelligent systems. Bsquare’s systems range from smart phones, set-top boxes, point-of-sale terminals, kiosks and tablets, to name a few.

On June 20, the company announced it had been named into Gartner’s “Competitive Landscape of IoT Platform Vendors,” published May 26, which may have helped its share price increase. Over the five-day period, shares of Bsquare rose a steady 8 percent to close at $5.40.

USA Technologies

USA Technologies provides technology-related solutions and services that permit electronic payment transactions with the “unattended point of sale market. More specifically, USA Technologies’ services are used in the small ticket, beverage and food vending industry as well as amusement, commercial laundry and kiosks.

That said, the company did not have any related news during the trading period despite its share price increase. Over the five-day period, shares of USA Technologies rose 7.92 percent to close at $5.45 on Friday.

ModusLink Global Solutions

Rounding out the 5 top weekly NASDAQ tech stocks is ModusLink Global Solutions. Through its subsidiaries, ModusLink and ModusLink PTS, the company provides services to companies in industries such as consumer electronics, communications, computing, software, storage and retail.

Much like a number of other companies on the list, there was no related news during the trading period that could describe its share price increase.  Over the five-day week, shares of Modus were up 7.19 percent to close at $1.64 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**

It was another rocky week for the NASDAQ 100 Technology Sector index (INDEXNASDAQ:NDXT), sinking 1.37 percent over the five-day period to close at $3,456.29 points on Friday.

On Monday (June 12), MarketWatch reported that the index slipped for two straight sessions, stating “the shift away from tech appears to be feeding recently unloved sectors and smaller-cap stocks.”

While the index was unable to recover over the five-day trading period, a number of tech stocks rallied to post gains. In particular, the 5 top weekly NASDAQ tech stocks were:

  • Mattersight (NASDAQ:MATR)
  • JMU (NASDAQ:JMU)
  • ARI Network Services (NASDAQ:ARIS)
  • Concurrent Computer (NASDAQ:CCUR)
  • Datawatch (NASDAQ:DWCH)

Here’s a closer look at those companies.

Mattersight

First on our 5 top weekly NASDAQ tech stocks list is Mattersight–a company that provides behaviorial analytics and personality-based software products. Mattersight’s applications include predictive behavioral routing, performance management, quality assurance and predictive analytics in order to analyze and predict customer behavior.

Last week, shares of Mattersight rose 10.64 percent to close at $2.60 on Friday. While there was no specific company news, on Thursday (June 15) it was reported that David B. Mullen had acquired 20,000 shares of the company–which may have impacted its share price increase.

JMU

Next is JMU, a company that 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 June 16, the company announced that there had been a change to the board of directors, which may have bolstered its share price: at the close on Friday, JMU’s shares were $2.18–a 9.55 percent increase over the trading week.

ARI Network Services

Middle of the pack on our weekly NASDAQ tech stocks list 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.

While the company didn’t have any news during the trading week, shares of ARI Network Services saw a 9 percent spike last week to close at $6.42 on Friday.

Concurrent Computer

Concurrent Computer is a software and solutions company that develops applications by Linux and storage technologies, with two main segments: products and services. Concurrent’s delivery solutions include software, hardware, and services for video streaming to devices and storing and managing content within networks.

On June 15, the company announced the launch of Laguna Cache–a multi-tiered caching solution that works to reduce latency and network utilization for video service providers with the idea of maximizing delivery of over-the-top and TV Everywhere video services to customers.

With that in mind, it’s no surprise that shares of Concurrent were on the rise last week: at the close on Friday, the company’s shares were $6.98–a 6.4 percent increase.

Datawatch

Rounding out the 5 top weekly NASDAQ tech stocks is Datawatch, a company that engages in design, development, marketing, distribution and support of business computer software, with a focus on self-service data preparation and visual data discovery markets.

Like a number of other companies on the list, Datawatch did not have any related news during the week to describe its share price increase. Over the five-day trading period, shares of Datawatch rose 4.58 percent to close at $8.00 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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