5 Top NASDAQ Tech Stocks: Vringo a Huge Gainer, Up 70.51 Percent

The tech market saw some major gains last week. Vringo (NASDAQ:VRNG) was the clear all star, with 70.51-percent growth during the period.
However, the runners up also saw respectable growth. Qumu (NASDAQ:QUMU), RMG Networks Holding (NASDAQ:RMGN), Cinedigm (NASDAQ:CIDM) and ModSys International (NASDAQ:MDSY) all saw significant gains.

Vringo

This development-stage company is focused on identifying, generating, acquiring and deriving economic benefits from intellectual property assets. The company intends to monetize its technology portfolio through a range of initiatives, such as licensing, strategic partnerships and litigation. Last week’s 70.51-percent growth was the cherry on top of a strong month. So far, Vringo has seen 47.78-percent growth in February.

Qumu

Qumu is an enterprise video content management software company that provides the tools businesses need to create, manage, secure, deliver and measure videos. Its enterprise video content management software products are deployed mainly through the sale of software licenses, software-on-a-server appliances, software-enabled devices and cloud-based software-as-a-service (SaaS) platforms.
Last Friday morning, Share Trading reported that two analysts have given Qumu an “outperform” rating.

RMG Networks Holding

RMG Networks Holding is a leader in intelligent visual communications that help businesses increase productivity, efficiency and engagement through digital messaging. The company combines best-in-class software, hardware, business applications and services to offer a single point of accountability for integrated data visualization and real-time performance management.
Last Thursday, the company said in a press release that it will announce its results for Q4 2015 and the full 2015 year before market open on March 10.

Cinedigm

Cinedigm is a distributor and aggregator of independent movies, television and other short-form content. It operates in four segments: first digital cinema deployment, second digital cinema deployment, digital cinema services and media content and entertainment.
On February 16, the company announced that the NASDAQ Listing Qualifications Panel has granted the company’s request for continued listing. Furthermore, it has accepted the company’s plan to regain compliance with the continued listing standards of the NASDAQ Global Market. That is contingent on Cinedigm evidencing compliance with the minimum $1 bid price requirement by June 7, 2016.

ModSys International

ModSys International, formerly BluePhoenix Solutions, develops and markets enterprise legacy migration solutions and provides tools and professional services to international markets.
The company has been on a strong streak this month, and two weeks ago took second place on the list of top NASDAQ-listed tech gainers. Last week, the company saw a share price gain of 12.2 percent; so far this month, its share price has grown by 9.52 percent.
 
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.
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