5 Top NASDAQ Tech Stocks: Echelon Takes the Lead

Virtusa, Qualstar, FORM Holdings and Scientific Games were also the week’s top gainers.

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Top Weekly Gainers for February 27 to March 3, 2017

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) inched upwards last week, seeing a 0.53 percent increase over the last five trading days.  

Last week was an exciting one for the technology sector.  Snapchat’s parent company, Snap (NYSE:SNAP) made its debut on the New York Stock Exchange, sending the stock soaring well above its $17 per share IPO price. The rising price of Bitcoin was also big last week, with the cryptocurrency eclipsing the price of gold at one point on Friday.

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

  • Echelon (NASDAQ:ELON)
  • Virtusa (NASDAQ:VRTU)
  • Qualstar (NASDAQ:QBAK)
  • FORM Holdings (NASDAQ:FH)
  • Scientific Games (NASDAQ:SGMS)

Echelon

Echelon is an IoT company that is focused on developing open-standard control networking platforms. The company’s technology platform is in more than 100 million devices worldwide. Last week, the company announced it is combining its weather adaptive solution with its white tuning solution in White Bear Lake, Minnesota, in collaboration with IBM Watson IoT.

Shares of the company gained 17.39 percent over the five day trading period, and ended the week at $5.67 per share. Year-to-date, Echelon is up by 20 percent.

Virtusa

Virtusa is an information technology company that provides IT consulting and technology services. On Friday, the company announced the acquisition of a majority interest in Polaris Consulting and the subsequent creation of VirtusaPolaris.

Last week, Virtusa gained 11.99 percent over the five day trading period, and ended the week at $31.75 per share. Year-to-date, Virtusa is up by 26 percent.

Qualstar

Electronics manufacturer Qualstar specializes in data storage and power supplies. One February 15, the company announced that its N2Power Division was awarded a $1 million order from a gaming customer over the next twelve months. However, there has been no recent news from the company to explain last week’s rise in share price.

Qualstar gained 12.13 percent over the five day trading period, and ended the week at $5.01 per share.

FORM Holdings

No stranger to our weekly top gainers list, FORM Holdings has a diverse portfolio of companies. However, there has been no recent news from the company to explain last week’s rise in share price.

FORM gained 10.14 percent over the five day trading period, and ended the week at $2.28 per share.

Scientific Games

Last on our list of weekly top gainers is Scientific Games, a developer for products and services mostly associated with gaming, lottery and interactive markets. Last week, the company announced its Q4 and full year 2016 results.

Scientific Games  gained 10.02 percent over the five day trading period, and ended the week at $22.50 per share.

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 $10 million and less than $100 million prior to the week’s gains are included. Companies within the computer software and processing sector are considered.

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

Securities Disclosure: I, Pia Rivera, hold no direct investment interest in any company mentioned in this article.

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Top weekly gainers for February 6-10, 2017

The NASDAQ Technology Sector (INDEXNASDAQ:NDXT) had a good week and was up 0.37 percent to end the week at 3,125.24 points by market close on Friday. 

Trump’s immigration ban continues to rock to the tech world. Late on February 5th, an amicus brief was filed in the 9th Circuit Court of Appeals in San Francisco. It stated, “The Order makes it more difficult and expensive for U.S. companies to recruit, hire, and retain some of the world’s best employees.”

Here is a closer look at last week’s top gainers:

  • Perion Network (NASDAQ:PERI)
  • Activision Blizzard (NASDAQ:ATVI)
  • Park City Group (NASDAQ:PCYG)
  • Mattersight (NASDAQ:MATR)
  • Limelight Networks (NASDAQ:LLNW)

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Perion Network

Perion Network is a global tech company engaged in delivering advertising solutions to brands and publishers via its High Impact Advertising solutions segment. The company provides execution, ranging from high-impact advertisement formats to branded search, and a unified social and mobile programmatic platform, with business solutions that include Undertone, Codefuel, Growmobile, IncrediMail and Smilebox. They announced that S&P has reaffirmed their credit rating of ilA-, testament to a stable, steady and strong cashflow.

Shares of Perion gained 18.13 percent over the five-day trading period, and ended the week at $2.28 per share.

Activision Blizzard

Activision Blizzard is a major developer and publisher of online, PC, video game console, handheld, mobile and tablet games. They are one of the PureFunds Video Game Tech ETF’s top five holdings. They recently announced better-than-expected and record third quarter 2016 financial results. Their net revenues were $1.57 billion, compared with $900 million for the third quarter of 2015, an increase of 58 percent.

Shares of Activision Blizzard gained 18.05 percent over the five-day trading period, and ended the week at $47.23 per share.

Park City Group

Park City Group is no stranger to the weekly list of top gainers. The company is a Software-as-a-Service provider, and has invested more than $150 million to develop a cloud-based technology platform. Last week they announced their fiscal second quarter 2017 results. Total revenue increased 35 percent to $4.8 million for the three months ended December 31, 2016, compared to $3.5 million in the same period a year ago.

Shares of Park City Group gained 16.73 percent over the five-day trading period, and ended the week at $16.40 per share.

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Mattersight

Mattersight is a tech company that provides software solutions for companies focusing on behavioural analytics and interactions between customers and staff. Last month they announced a partnership with Wiley Higher Education Solutions, in order to improve student experiences and online learning results.

Shares of Mattersight gained 12.68 percent over the five-day trading period, and ended the week at $4.00 per share.

Limelight Networks

Limelight Networks is a digital content delivery company that boasts its own Limelight Orchestrate platform that has an integrated suite of content delivery technology and services. They released their fourth quarter 2016 financial results, seeing revenue of $43.8 million, up two percent from $42.7 million in the fourth quarter of 2015.

Shares of Limelight Networks gained 10.76 percent over the five-day trading period, and ended the week at $2.47 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, Emma Harwood, hold no direct investment interest in any company mentioned in this article. 

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

The NASDAQ Technology Sector (INDEXNASDAQ:NDXT) had a good week and was up 0.49 percent to end the week at 3,113.68 points by market close on Friday. 

The new year was ushered in with a ton of technology news, as the world descended on Las Vegas for the annual global consumer electronics and consumer technology tradeshow, CES, and then on Davos for the World Economic Forum Annual Meeting. Their Global Risks Report 2017 highlights risky technological innovation, such as cloud computing and 3D printing. Trump’s presidency is upon us and his strained relationship with tech leaders has been ranked as one of the biggest risks of 2017, in a report by Eurasia Group.

Trump rocked the tech ecosystem with news of his travel ban, hitting technology companies hard. Despite that, here are last week’s top NASDAQ tech stocks in the computer software and processing industry:

  • Attunity (NASDAQ:ATTU)
  • Fortinet (NASDAQ:FTNT)
  • Rocket Fuel (NASDAQ:FUEL)
  • Avid Technology (NASDAQ:AVID)
  • Scientific Games (NASDAQ:SGMS)

Here is a closer look at last week’s top gainers:

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Attunity

Attunity provides software solutions for Big Data and cloud migration. Their 2016 fourth quarter results saw revenue of $15.6 million, a 22 percent increase from last year.

Shares of Attunity gained 44 percent over the five-day trading period, and ended the week at $8.64 per share.

Fortinet

Fortinet is an American cybersecurity company headquartered in California. They recently introduced the world’s first terabit firewall, a security appliance.

Shares of Fortinet gained 15.07 percent over the five-day trading period, and ended the week at $37.72 per share.

Rocket Fuel

Rocket Fuel, the experts on marketing technology, have recently shifted to mobile apps. They announced organizational changes in their bid to become a leading SaaS-based platform solutions company.

Shares of Rocket Fuel gained 13.86 percent over the five-day trading period, and ended the week at $2.30 per share.

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Avid Technology

Avid Technology is the provider of an open and integrated technology platform, with corresponding applications and services that allow for the creation, distribution and monetization of audio and video content. The company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution. They recently signed a major framework agreement with Al Jazeera Media Network, continuing their strategic relationship and helping Al Jazeera realize its own cloud strategy.

Shares of Avid Technology gained 13.32 percent over the five-day trading period, and ended the week at $5.70 per share.

Scientific Games

Scientific Games is focused on the global lottery and regulated gaming industries. The company launched the world’s very first secure instant lottery game in 1974, and has continued to advance the games, technology, programs, marketing research and security over the last 40 years. They recently acquired DEQ Systems, complementing their innovative and expansive product portfolio for casinos, which includes a large library of table games for the casino pit.

Shares of Scientific Games gained 13.24 percent over the five-day trading period, and ended the week at $19.25 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, Emma Harwood, 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

Related reading:

5 Top NASDAQ Tech Stocks: Datawatch Makes Gains to Lead

 

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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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