5 Top NASDAQ Tech Stocks: Planet Payment This Week’s Top Gainer

1. Planet Payment (NASDAQ:PLPM)
2. Tucows, Inc. (NASDAQ:TCX)
3. Netlist, Inc. (NASDAQ:NLST)
4. Perion Network, Ltd. (NASDAQ:PERI)
5. PDF Solutions, Inc. (NASDAQ:PDFS)

Planet Payment

Planet Payment top ranking shouldn’t come as a surprise to weekly followers of this roundup. Indeed, he company was profiled in our article on the top tech stocks of 2016, which outlined the year’s top computer processing and software companies.

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 14.77-percent growth in share price. Year-to-date, the company has seen 55.41-percent growth.

Tucows, Inc.

Tucows provides Internet services through its Domain Services and Network Access Services segments. The company focuses on addressing the needs of network of resellers by offering services, interfaces, customer service, reseller-oriented technology, and design and development processes. It also focuses its service offerings under brands, including OpenSRS, YummyNames, Platypus, Hover and Ting. Last week, Tucows saw a 9-percent gain in share price, contributing towards year-to-date growth of 41.18-percent.

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.
Netlist’s share price increased by 8.8-percent over the past week, bringing its year-to-date gain up to 75-percent. For weekly followers of this list, it’s no surprise to see big gains for Netlist. Indeed, the company took the top spot in last week’s roundup.

Perion Network, Ltd.

Perion Network is a global tech company that delivers advertising solutions to brands and publishers. The company operates through a High Impact Advertising solutions segment, offering a unified social and mobile programmatic platform. Perion Network’s business solutions include Undertone, Codefuel, Growmobile, IncrediMail and Smilebox. Last week, the company profited from a 6.96-percent gain. This jump was very valuable for the company which, unlike the others profiled on this list, has seen a year of losses. Since January, the company has lost 66.12-percent of its share value.

PDF Solutions, Inc.

PDF Solutions offers infrastructure technologies and services for integrated circuits (IC). Its technologies and services focus on the IC manufacturing process life cycle and operates in the segment of licensing and implementation of yield improvement solutions for integrated circuit manufacturers. Its solutions combine software, test chips, an electrical wafer test system, methodologies and professional services. The company took the fifth place spot of this list with 6.76-percent growth in share price last week. Year-to-date, the company has seen strong gains of 45.66-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 $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, Morag McGreevey, hold no direct investment interest in any company mentioned in this article.