5 Top Weekly NASDAQ Tech Stocks: Index Notches Best Streak Since February 2015

Park City Group, Mattersight, Datawatch, Simulations Plus, and USA Technologies (NASDAQ:USAT)were last week's top gainers.

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The NASDAQ 100 Technology Sector index (INDEXNASDAQ:NDXT) made slight gains for the second week in a row last week, rising 0.49points to reach 3,587.17 points as of 1:25 p.m. EST on Friday.

As reported by Reuters on Friday, the index locked in its 10th straight record close on Thursday (July 20)–its best streak since February 2015. The article went on to say that the tech sector has been the best performing index in 2017, “as investors look for growth in an otherwise low-growth environment.”

With that in mind, last week’s 5 top weekly NASDAQ tech stocks were:

  • Park City Group (NASDAQ:PCYG)
  • Mattersight (NASDAQ:MATR)
  • Datawatch (NASDAQ:DWCH)
  • Simulations Plus (NASDAQ:SLP)
  • USA Technologies (NASDAQ:USAT)

Here’s a closer look at those companies.

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Park City Group

First on our top weekly NASDAQ tech stocks list is Park City Group, a software-as-a-service provider. The company’s two service groups include The Business Analytics Group and The Professional Services Group.

In terms of Park City Group’s solutions, those include Advanced Commerce and Supply Chain Solutions, and also Food Safety Solutions.

Last week, shares of the company increased 14.75 percent to reach $14.00 as of 1:46 p.m. EST on Friday. That said, the company did not have any related news during the trading week to describe its share price increase.

Mattersight

Second on our list is Mattersight. The company’s Mattersight Behavioral Analytics is used to analyze and predict customer behavior based on the language used between agents and customers during brand interactions.

More specifically, Mattersight’s products include: routing, coaching, analytics, and quality, which are all used to identify and understand customer personality and measure customer satisfaction.

Shares of Mattersight increased 11.76 percent last week to $2.85 as of 1:53 p.m. EST on Friday. That said, the company also did not have any news during the trading week to describe its share price gains.

Datawatch

Middle of the pack on our top weekly NASDAQ tech stocks list is Datawatch, a company that designs, develops, markets, distributes and support of business computer software with a focus on the self-service data preparation and visual discovery markets.

Furthermore, the company also provides services that include implementing and supporting its software products, which includes: Datawatch Monarch, Datawatch Panopticon, and Datawatch Report Mining Server.

Over the five-day trading period, shares of Datawatch were up 10.94 percent to $10.60 as of 2:18 p.m. EST on Friday. Much like the previous two companies, however, there was no related company news during the week.

Simulations Plus

Next is Simulations Plus, a company that develops and produces software for use in pharmaceutical research and for education. The company also provides consulting and contract research services to the pharmaceutical industry.  In particular, Simulations Plus offers five software products for pharmaceutical research, abbreviated ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity).

On Tuesday (July 18), the company announced its quarterly cash dividend at $0.05 per share, which no doubt helped pushed its share price up over the week.  Over the five day trading period, shares of Simulations Plus increased 8.29 percent to reach $15.20 as of 2:37 p.m. EST on Friday.

USA Technologies

Closing out our 5 top weekly NASDAQ tech stocks list is USA Technologies, a company that provides technology-enabled solutions and value-added services that enable electronic payment transactions with the unattended point of sale market. USA Technologies is also a provider in the small ticket, food and beverage vending industry, as well as providing solutions to other markets such as amusement and commercial laundry..

On July 20, the company announced the pricing of a public offering. According to the press release, the company stated it priced its underwritten public offering of 8.3 million shares of its common stock at a price of $4.50. As such, it’s no surprise shares of USA Technologies were on the rise last week. Over the five-day trading period, its stock price increased 8.16 percent to $5.28 as of 2:27 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


**This article is updated each week. Please scroll to the top for the most recent information**

5 Top Weekly NASDAQ Tech Stocks: Investors Reignite “Love Affair” With Tech Stocks

By Jocelyn Aspa

The NASDAQ 100 Technology Sector index (INDEXNASDAQ:NDXT) was on the incline again last week, rising 3.57 points to reach 3,559.41 points as of 1:29 p.m. EST on Friday.

On Friday, Bloomberg reported that investors had reignited their “love affair” with tech stocks following the index’s sixth straight day of gains.

Peter Tuz, president of Chase Investment Counsel, reiterated that fact, stating that investors are “gravitating back toward a lot of the tech stocks.”

“The fact that leaders are regaining their strength is a good thing for the market,” he told Bloomberg. “I tope the worst is over.”

With that in mind, here are the 5 top weekly NASDAQ tech stocks that made the most gains last week:

  • Sphere 3D (NASDAQ:ANY)
  • Mitek Systems (NASDAQ:MITK)
  • Simulations Plus (NASDAQ:SLP)
  • Iteris (NASDAQ:ITI)
  • Internap (NASDAQ:INAP)

Here’s a closer look at those companies.

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 Sphere 3D

First on our 5 top weekly NASDAQ tech stocks list is Sphere 3D, a company that delivers virtualization technology and data management solutions. Through its wholly-owned subsidiaries, Overland Storage and Tanderg Data, Sphere 3D’s products and brands range from: Glassware 2.0, SnapCLOUD, SnapScale, SnapServer, RDX and Neo.

On July 11, Sphere 3D completed a 1-for-25 reverse stock split, which no doubt impacted the company’s share price increase. Over the five-day trading period, shares of Sphere 3D increased 17.68 percent to reach $4.64 as of 2:13 p.m. EST On Friday.

Mitek Systems

Next we have Mitek Systems, a company that develops, markets and sells mobile capture and identity verifications software solutions. What’s more, the company’s products allow customers to remotely deposit checks, open accounts, obtain insurance quotes, pay bills and even verify their identity by taking photos of documents with their smartphones and tablets rather than using a keyboard.

The company announced on July 12 an update to its Mobile Docs software, stating it will allow customers to scan and send high-resolution document images for a loan or other document process from anywhere. As such, it’s no surprise that shares of Mitek Systems were on the rise last week. Over the five-day trading period, shares of Mitek increased 14.62 percent to $9.77 as of 2:18 p.m. EST on Friday.

Simulations Plus

Middle of the pack on our 5 top weekly NASDAQ tech stocks list is Simulations Plus, a company that develops and produces software for use in pharmaceutical research and for education. The company also provides consulting and contract research services to the pharmaceutical industry.  In particular, Simulations Plus offers five software products for pharmaceutical research, abbreviated ADMET (Absorption, Distribution, Metabolism, Excretion and Toxicity).

Simulations Plus released its third quarter fiscal year 2017 results on July 10, highlighting net revenues increased 12.2 percent to $6.75 million, representing an all-time high for any quarter. As a result, shares of the company were on the rise last week, increasing 8.49 percent to $14.00 as of 2:27 p.m. EST on Friday.

Iteris

Iteris is a company that provides information solutions for traffic management and global argibusiness markets. The company’s three segments include: Roadway Sensors, Transportation Systems and Performance Analytics.

Iteris announced on July 12 that USDOT’s Intelligent Transportation Systems released the Iteris-led version of the ITS National Reference Architecture. Last week, shares of Iteris increased 5.59 percent to $6.37 as of 2:39 p.m. EST on Friday.

Internap

Rounding out or 5 top weekly NASDAQ tech stocks list is Internap, a company that provides Internet infrastructure through colocation business, enterprise services and cloud services. Internap’s two main segments include data center and network services, and cloud and hosting services.

That said, the company did not have any related news during the 5 day trading period. Still, its share price increase is worth noting: over the the week, Internap’s share price increased 5.06 percent to $4.04 as of 2:43 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.

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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