This week’s NASDAQ top gainer in the Computer Software & Processing sector was QAD, followed by Virtusa, Internet Gold-Golden Lines, Guidance Software and RealNetworks.
The NASDAQ Technology Sector (INDEXNASDAQ:NDXT) had a good week and was up 3.5 percent and ended the week at 2,858.53 points by market close on Friday.
Some stability followed the volatility from the US elections where Donald Trump surprisingly clinched the coveted seat for US president. According to TechCrunch, Trump will not be a friend to the tech world.
Despite remaining uncertainty surrounding the Trump presidency, here are last week’s top NASDAQ tech stocks in the computer software and processing industry:
- QAD Inc. (NASDAQ:QADB)
- Virtusa Corporation (NASDAQ:VRTU)
- Internet Gold-Golden Lines Ltd (NASDAQ:IGLD)
- Guidance Software (NASDAQ:GUID)
- RealNetworks Inc (NASDAQ:RNWK)
Here is a closer look at last week’s top gainers:
QAD Inc. provides software solutions for manufacturing companies worldwide, over a cross section of industries. They recently reported their fiscal 2017 third quarter financial results, seeing $36.5 million gross profit, marginally down from the year before.
Shares of QAD Inc. gained 14.83 percent over the five-day trading period, and ended the week at $25.55 per share.
Virtusa Corporation is an internet technology services company that helps its clients to streamline their business processes. Their 2017 second quarter results saw revenue of $210.1 million, up 2.2 percent from the last quarter.
Shares of Virtusa Corporation gained 10.02 percent over the five-day trading period, and ended the week at $21.74 per share. Year-to-date, however, the stock has lost 47.41 percent.
Internet Gold-Golden Lines Ltd
Internet Gold Golden Lines Ltd is a communications company headquartered in Israel. Their 2016 third quarter results saw revenue of $668 million, a 3.5 percent decrease from last year.
Shares of Internet Gold Golden Lines Ltd ended on a high note on Friday when it registered a gain of 9.47 percent over the five-day trading period, and ended the week at $11.95 per share.
Guidance Software, a cybersecurity technology company, announced its Q3 financial results and a revenue of $27.7 million, up from the same period in 2015.
Last week, shares of Guidance Software gained 9.25 percent over the five-day trading period, and ended the week at $7.44 per share.
RealNetworks Inc are based in Seattle and provide media delivery software. Their third quarter results saw total revenue grow 4 percent to $31.1 million, up $1.4 million from the previous quarter.
Shares of RealNetworks Inc trended steadily upwards last week and gained 7.23 percent over the five-day trading period, and ended the week at $5.04 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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