5 Top NASDAQ Tech Stocks: Bsquare Corp Leads the Pack

It was another great week for the NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT), which went up by 4.43 percent this week. Here’s a look at which companies benefited most from this growth:

• Bsquare Corp (NASDAQ:BSQR)
• Innodata Inc. (NASDAQ:INOD)
• CounterPath Corp (NASDAQ:CPAH)
• ModusLink International Solutions (NASDAQ:LMNK)
• Determine, Inc. (NASDAQ:DTRM)

Bsquare Corp

Bsquare Corp resells software from Microsoft (NASDAQ:MSFT) and provides software solutions and engineering services to companies that develop smart, connected systems. Broadly defined, these systems refer to dedicated purpose computing devices which typically have a display, run an operating system, and are connected to a network or cloud via wireless connectivity. In particular, the company focuses on systems which use various Microsoft and Windows operating systems and products.
This week, the company saw 6.52 percent growth, adding a to 11.87 monthly gain.

Innodata Inc.

Innodata Inc. is a digital services and solutions company. The company operates in several segments, including Content Services (CS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). All together, Innodata Inc.’s technology and services power information products and online retail destinations. Although the company has seen a -0.14 percent fall since the start of the year, share price has been rising for the past month. Last week alone, there was a 6.52 percent jump for the company.

CounterPath Corp

CounterPath designs, develops and sells software and services that allow enterprises to deliver unified communications services (including voice, video, messaging and collaboration functionality) over IP-based networks.
Last week, the company saw a 3.59 percent increase in share price, helping to offset a downward turn seen over the past year. Share price for the company plummeted in January it has been holding its own since then. Year to date, stocks have fallen by 12.36 percent.

ModusLink Global Solutions

ModusLink Global Solutions is a provider of supply chain and logistics services through the subsidiaries ModusLink Corporation and ModusLink PTS, Inc. The company provides services to companies, including consumer electronics, communications, computing, luxury goods, medical devices, consumer packaged goods, software, storage and retail. Its operations span Americas, Asia, Europe and e-business.
Over the past week, share price for the company has spiked by 5 percent, contributing to its 2.8 percent growth since the start of the month. However, this growth seems relatively negligible when compared to its year to date losses. Since the outset of 2016, the company has lost 40.73 percent of share price.

Determine, Inc.

Determine, Inc. is a provider of enterprise contract management, supply management, procure-to-pay and configuration solutions. The company offers SmartContracts, SmartSource and SmartAnalytics with aid with worflow, data management, supplier relationships, and analytics. This was a good week for the company, which saw a 4.03 percent boost in share price. However, like ModusLink Global Solutions, 2016 has been hard on the company. Year to date, it has seen losses of 50.19 percent.
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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.
Securities Disclosure: I, Morag McGreevey, hold no direct investment interest in any company mentioned in this article.