5 Top NASDAQ Tech Stocks: Mattersight Corporation This Week’s Top Gainer

1. Mattersight Corporation (NASDAQ:MATR)
2. CYREN, Ltd. (NASDAQ:CYRN)
3. Limelight Networks (NASDAQ:LLNW)
4. Datalink Corp. (NASDAQ:DTLK)
5. Perion Network Ltd. (NASDAQ:PERI)

Mattersight Corporation

Mattersight Corporation is a tech company that offers behavioural analytics and offers personality-based software products. The company uses behavioural analytics to predict customer behaviour based upon communications between agents and customers during brand interactions. The company’s multi-channel technology captures data from voice conversations, employee desktop activity and other forms of unstructured data, and applies algorithms to this information in order to make it usable.
The Benchmark Monitor reported that the company traded 1.05 million shares on Thursday, well up from its typical trading volume. Analysts’ mean target price for the stock is $7.05. Last week, the company saw 17.03 percent growth, helping to offset year to date losses of 33.99 percent.

CYREN, Ltd.

Cyren is a company that creates IT solutions for web, email and transaction protection. This integrated cloud-based security company has a market cap of $78.04 million. This week, the company’s share price increased by 13.5 percent, contributing to its year to date growth of 33.53 percent. CYREN was profiled recently in our list of top Israeli cybersecurity companies.

 Limelight Networks

Limelight Networks operates a globally distributed, computing platform and provides contend delivery networking services under the Orchestrate Platform. These services include content delivery, video content management, Website and Web application acceleration, Website and content security and cloud storage services. Last week, the company saw 9.03 percent growth, contributing to the 15.75 percent growth that the company has seen so far in 2016.

Datalink Corp.

Datalink Corporation provides a full life cycle of IT services, including consulting, strategy, design, deploy, manage and support. Its portfolio of solutions and services spans approximately four areas, such as cloud, data center transformation, next-generation technology and security. Last week, the company saw a big gain on Friday, after the release of the company’s second quarter and six month operating results on Thursday. Respectively, revenues for the company were up 9 percent and 2 percent, year-over-year.
Last week, Datalink saw a jump of 8.75 percent, contributing to its year-to-date increase in share price of 26.18 percent.

Perion Network Ltd.

Last but not least comes Perion Network Ltd., a global tech company engaged in delivering advertising solutions to brands and publishers via its High Impact Advertising solutions segment. The company provides execution, ranging from high-impact advertisement formats to branded search, and a unified social and mobile programmatic platform, with business solutions that include Undertone, Codefuel, Growmobile, IncrediMail and Smilebox.
2016 has been a rough year on the company, which has seen a 63.64 percent decline in share price since January. However, last week stocks were up, and the company finally saw a 7.32 percent gain.
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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.