5 Top Weekly NASDAQ Tech Stocks: Index Gains 5 Weeks in a Row

Perion Network, ARI Network Services, Mattersight, Park City Group and USA Technologies were the top gainers on the NASDAQ 100 Technology Sector Index last week.

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The NASDAQ 100 Technology Sector index (INDEXNASDAQ:NDXT) has certainly been on the upswing, posting gains for five weeks in a row. Last week, the index was up 1.82  percent to close at 3,521.04 points on Friday.

Year-to-date, the index has increased 22.74 percent–or gains of 652.34 points. Since its inception date of Marc 3, 2006, the index has gained 247.9 percent. In addition to last week’s point rally, a number of technology stocks  also had a strong week.

In particular, the top 5 weekly NASDAQ stocks on the Technology 100 Sector index were:

  • Perion Network (NASDAQ:PERI)
  • ARI Network Services (NASDAQ:ARIS)
  • Mattersight (NASDAQ:MATR)
  • Park City Group (NASDAQ:PCYG)
  • USA Technologies (NASDAQ:USAT)

Here’s a closer look at those companies.

Perion Network

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.

Last week, shares of Perion increased 10.88 percent to close at $1.64. Despite the share price increase, there was no additional company news during the trading period.

ARI Network Services

Next is ARI Network Services, a company in the business of providing website, software and data solutions.  The company has a number of products, including Lead Generation and eCommerce Website, eCatalogs, Business Management Software and Digital Marketing Services.

On May 25, the company released its preliminary third quarter 2017 results wherein it expects revenue to increase between 12 and 13 percent, or ranging between $13.4 million and $13.5 million. With that in mind, it’s no surprise that ARI made the 5 top weekly NASDAQ stocks. Over the five-day period, shares of the company increased 6.54 percent to close at $5.21 on Friday.

Mattersight

Middle of the pack is Mattersight, who provides behavioral analytics together with personality-based software products. More specifically, Mattersight’s products include Predictive Behavioral Routing, Performance Coaching, Predictive Analytics, and Quality Monitoring.

That said, the company did not have any news during the trading period, although its shares did rise 5.88 percent last week to close at $2.70 on Friday.

Park City Group

Here, we have Park City Group, a software-as-a-service (SaaS) provider. Park City Group has two service groups, including the Business Analytics Group and the Professional Services. The former provides business-consulting services to suppliers and retailers in grocery, convenience and speciality retail markets, while the latter provides consulting services

Much like a couple of companies in this list, Park City Group did not have any related news during the trading week. Still, its share price rose 5.86 percent last week to finish at $12.65.

USA Technologies

Finally, USA Technologies rounds out the list. 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.

On May 24, the company announced a landmark strategic agreement with Five Star Food Service, which no doubt helped its share price increase. Over the five-day period, shares of USA Technologies increased 5.49 percent to close at $4.80 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.


The NASDAQ 100 Technology Sector index (INDEXNASDAQ:NDXT) has been on a tear lately, posting gains for four weeks in a row. Last week, the index was up 0.50 percent to close at 3,440.57 points on Friday.

Year-to-date, the index has posted gains of 19.94 percent–or 571.87 points. Since its inception date of March 3, 2006, the index has increased 239.95 percent. With last week’s percent agains, a number of technology stocks also had a strong week.

In particular, the top 5 weekly NASDAQ stocks on the Technology 100 Sector index were:

  • NCI (NASDAQ:NCIT)
  • Concurrent Computer (NASDAQ:CCUR)
  • Perion Network (NASDAQ:PERI)
  • Cyren (NASDAQ:CYRN)
  • Guidance Software (NASDAQ:GUID)

Here’s a closer look at those companies.

NCI

For the second week in a row, NCI was the top gaining stock on the index. The company is a provider of enterprise solutions to industries such as US defense, intelligence, health and civilian government agencies. In particular, NCI’s services include cybersecurity, Passive Optical Network technology, network integration, big data and mobility.

On May 9, NCI released its first quarter 2017 financial and operating results, highlighting revenue of $79 million during the quarter. While the company has not released any news since then, NCI’s share price was still on the rise last week, increasing 10.48 percent to close at $18.45 on Friday.

Concurrent Computer

Next on the 5 top weekly NASDAQ stocks is Concurrent Computer, a software and solutions company that develops solutions based on its Linux and storage. More specifically, the company’s delivery solutions are comprised of software and hardware services for video streaming content to different devices.

Last week, shares of the company increased an even 10 percent to close at $6.38 on Friday.  It was a busy week full of news for the company, which included the release of its fiscal 2017 third quarter financial results on May 15 and the announcement that Appear TV has integrated its ABR streaming solution with Concurrent’s Aquari visual asset storage. As such, it’s no surprise that Concurrent filled the number two position on the 5 top weekly NASDAQ tech stocks list.

Perion Network

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.

On May 16, the company announced it had appointed Mike Glover as the general manager of the Perion’s search business unit, which may have helped push its stock price up: at the close on Friday, the company’s share price had increased 8.89 percent over the five-day period to $1.47.

Cyren

Cyren develops and markets information security solutions with a purpose to project Web, e-mail and mobile transactions. Cyren describes itself as a Security-as-a-SErvice provider in cloud-based security technology solutions that fight against cyber threats, malware attacks, information leaks, and so on.

With the WannaCry ransomware attack on May 12, Cyren announced on May 15 that its internet security products “fully protect customers from all known variants of the WannaCry ransomware delivered over email or the web.” With that said, it’s no doubt for certain this news helped push Cyren’s share price up: over the five-day period, the company’s shares saw a 7.5 percent increase to close at $2.15 on Friday.

Guidance Software

Closing out the list is Guidance Software, who provides investigation solutions for cybersecurity analytics, security incident response, e-discovery, data privacy and forensic analysis. The company has five parts to it: Product, Subscription, Professional services, Training, and Maintenance.

On May 17, Guidance Software announced the release of a new model of Tableau Forensic Imagers. As such, the company’s share price increased 6.75 percent over the five-day period to close at $6.48 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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