5 Top NASDAQ Tech Stocks: Netlist This Week's Top Gainer

It was tumultuous week for the NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT), which went down by 1.31-percent this week, despite big gains on Thursday. However, some companies in the sector prevailed to see significant growth. Here’s a look at the 5 biggest gainers from the past week:

1. Netlist (NASDAQ:NLST)
2. Planet Payment (NASDAQ:PLMP)
3. Datawatch Corp (NASDAQ:DWCH)
4. QAD Inc. (NASDAQ:QADB)
5. Iteris (NASDAQ:ITI)

Netlist

Netlist designs, manufactures and sells a range of memory subsystems intended for data center servers and the high-performance computing and communications markets. These memory subsystems are combinations of dynamic random-access memory integrated circuits, NAND flash memory, application-specific integrated circuits and other components assembled on printed circuit boards.
Last week Netlist’s share price increased by 14.29-percent, bringing its year-to-date gain up to 36.36-percent. For weekly followers of this list, it’s no surprise that Netlist came out on top. The company has been doing very well in recent months, and was last the top gainer back in March.

Planet Payment

Planet Payment’s inclusion in this roundup also shouldn’t come as a surprise. The company was most recently profiled in our article on the top tech stocks of 2016, in which the Investing News Network profiled the top computer processing and software companies listed on NASDAQ.

Planet Payment, Inc. operates in the fintech space. The company is a provider of international payment and transaction processing and multi-currency processing services. It operates through two segments: multi-currency processing services and payment processing services. All told, the company provides its services to around 118,000 active merchant locations in more than 20 countries and territories across the Asia Pacific region, the Americas, the Middle East, Africa and Europe.

Last week, the company saw a 11.03-percent growth in share price. Earlier this month, Zacks Investment Research upgraded their rating of the company’s stocks from “hold” to “buy.”

Datawatch Corp

Datawatch is engaged in the design, development, marketing, distribution and support of business computer software, primarily within the visual data discovery market. The company’s 7.51-percent growth this week stands in contrast to its year-to-date fall of 9.03-percent.

QAD Inc.

QAD Inc. is a provider of vertically oriented enterprise software solutions for global manufacturing companies in the automotive, life sciences, consumer products, food and beverage, high technology and industrial products industries. The company’s Enterprise Applications enable measurement and control of business processes and supports operational requirements, including financials, manufacturing, demand and supply chain planning, customer management, business intelligence and business process management. Last week alone, share price went up 5.91-percent, contributing to monthly growth of 3.31-percent, and helping to turn around a year-to-date loss of 5.54-percent.

Iteris

Iteris is a provider of information solutions for the intelligent traffic systems (ITS) and the precision agriculture markets. It operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The company is doing well in these markets. Last week, the company saw 5.41-percent growth. This upward trend adds to Iteris’ year-to-date growth of 26.98-percent.
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