5 Top Weekly NASDAQ Tech Stocks: Index on Pace for Best Quarter in 3 Years

Rocket Fuel was last week's top gaining stock on the NASDAQ 100 Technology Sector, followed by Bsquare, MeetMe, Netlist and Scientific Games.

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The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) was on the rise last week, rising marginally by 1.4 percent to close the five-day period at 3,275.33 points. 

While it may not seem like it, it was indeed big week for the index. On Friday, the Financial Post stated the Nasdaq Composite is on pace for its best quarter in over 3 years, having already climbed 10 percent so far this year.

The publication further states analysts expect that growth to continue when first quarter results are released at the end of April.

That said, a number of technology stocks also had strong weeks, including:

  • Rocket Fuel (NASDAQ: FUEL)
  • Bsquare (NASDAQ:BSQR)
  • MeetMe (NASDAQ:MEET)
  • Netlist (NASDAQ:NLST)
  • Scientific Games (NASDAQ:SGMS)

Here’s a closer look at those companies.

Rocket Fuel

Rocket Fuel tops the five top Nasdaq tech stocks for the second week in a row, having gained 12.84 percent to close the five-day period at $5.36.

The company offers brands and agencies managed services to grow performance, awareness, and lift across marketing objectives, among other things.  The company’s most recent news involved its partnership with IBM and the announcement of the “Brand Moments” capability.

On that note, Rocket Fuel did not have any additional news relating to its weekly share price increase.

Bsquare

Next on the top NASDAQ tech stocks is Bsquare, who has over two decades of experience in assisting companies with date they’ve generated to optimize business processes.

On March 21, the company announced it had introduced a suite of cross-platform Internet of Things apps in connection with its DataV™ Hybrid IoT platform (HIP). Last week, shares of Bsquare surged 12.5 percent to end at $5.40, although there was no additional news during the trading week.

MeetMe

MeetMe is a social media app in the US allowing people to discover new people to talk to over their mobile devices.

On March 30, the company announced the beta launch of Live, which allows users to broadcast themselves, or watch other broadcasts, all in real time. This, of course, no doubt helped MeetMe’s share price increase 12.19 percent over the five-day period to close at $5.89 on Friday.

Netlist

Netlist has been in business since 2000, and is a provider of modular memory subsystems. Particularly, the company specializes in hybrid memory to create memory solutions.

Over the five-day period, Netlist’s share price increased by a solid 10 percent to close the week at $0.99. The company also released its full year and fourth quarter results for 2016 on March 29, which very well may have assisted in its share price gains.

Scientific Games

Last but not least is Scientific Games, whose shares rose 9.24 percent over the five-day period to close at $23.65 on Friday.

As stated on the company’s website, Scientific Games has been in the business of advancing games, technology, programs, marketing research and security for over 40 years. On that note, March has been a busy month for Scientific Games. On March 27, the company announced Arizona Lottery had extended its contract with Scientific Games for at least one more year.

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.

March 26, 2017

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

By Bryan Mc Govern

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 advanced 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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