This week’s NASDAQ top gainer in the Computer Software & Processing sector was Actua Corp., followed by TrueCar, Inc., Take-Two Initiative, FireEye, Inc. and Pegasystems Inc.
The NASDAQ Technology Sector (INDEXNASDAQ:NDXT) had a tough week. As of Friday, the index was down by 2.74 percent with 1,454.22 points.
Looking at the week’s gainers, companies weren’t quite able to break much higher than double figures in percentage gains for the week. Included among last week’s top gainers in the computing software and processing industry were:
- Actua Corp. (NASDAQ:ACTA)
- TrueCar, Inc. (NASDAQ:TRUE)
- Take-Two Initiative (NASDAQ:TTWO)
- FireEye, Inc. (NASDAQ:FEYE)
- Pegasystems Inc. (NASDAQ:PEGA)
Actua Corp. is a US cloud technology company operating across many verticals, including environmental, health and insurance markets. They recently announced their strong third quarter 2016 financial results, recording revenue of $27.9 million, an increase of $3.2 million from last year.
Actua Corp. gained 14.35 percent over the five-day trading period and finished at $13.15 per share.
TrueCar, Inc. is an online car dealership. Their software ecosystem is powered by analytics and data. They recently announced strong third quarter 2016 financial results, recording revenue up by 4 percent from last year to reach $75.1 million.
TrueCar, Inc. gained 10.01 percent over the five-day trading period and finished at $10.55 per share.
Take-Two Initiative is an American company, headquartered in New York and specializing in the entertainment business. They are responsible for the Grand Theft Auto franchise. They have recently announced good fiscal second quarter 2017 results. They enjoyed a net revenue growth of 21 percent to $420.2 million.
Take-Two Initiative gained 8.03 percent over the five-day trading period and finished at $48.30 per share.
FireEye, Inc. is a cybersecurity company who combat attacks with cloud- and software-based services. They recently announced third quarter 2017 financial results that saw growing renewal subscriptions and consumers investing in more than one product.
FireEye, Inc. gained 7.03 percent over the five-day trading period and finished at $12.34 per share.
Pegasystems Inc. offers software applications to strengthen customer engagement across financial, healthcare, insurance, manufacturing and life sciences markets, among others. Their third quarter results, claiming ‘currency headwinds’ detracted from more stellar results.
Pegasystems Inc. gained 7.03 percent over the five-day trading period and finished at $32.75 per share.
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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, Emma Harwood, hold no direct investment interest in any company mentioned in this article.
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