5 Top NASDAQ Tech Stocks: Top Image Systems Leads the Way

It was another good week for the NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT), which was up by 2.11 percent this week. Here’s a look at which companies benefited most from this growth:

• Top Image Systems (NASDAQ:TISA)
• Image Sensing Systems (NASDAQ:ISNS)
• Intevac Inc. (NASDAQ:IVAC)
• CYREN Ltd. (NASDAQ:CYREN)
• Innodata Inc. (NASDAQ:INOD)

Read on to learn more about these companies.

Top Image Systems

Top Image Systems saw 18.42 percent growth over the past week, working towards reversing the 40.59 percent decrease in share price that the company has seen since the start of the year. Top Image Systems develops and markets automated data capture solutions for managing and validating content gathered from customers, trading partners and employees. Its software improves business processes by integrating different types of data from multiple sources, regardless of its source and format. They also deliver the extracted data to applications, such as document and content management enterprise resource planning.
On May 17, the company hosted its Q1 2016 earnings call, which could be partially responsible for the jump in share price.

Image Sensing Systems

Image Sensing Systems is a provider of software-based products and solutions for the intelligent transportation systems (ITS) industry. The company develops and markets video and radar processing products for use in traffic, security, police and parking applications, such as intersection control, highway, bridge and tunnel traffic management, venue security, entry control and traffic data collection.
This week, it saw a significant 15.81 percent bump in share price. Like Top Image Systems, this gain helps to offset some previous losses. In the past month it has seen a 2.73 percent dip, while year to day there has been a 31.78 percent decline.

Intevac Inc.

Intevac, Inc. is a provider of vacuum deposition equipment for thin-film applications, and a provider of digital night-vision technologies and products to the defense industry. Its two segments include Thin-film Equipment and Photonics. One of its customers is the United States military, for whom it provides integrated digital night vision imaging systems. This week, it saw 8.34 percent growth, adding to the company’s modest but positive growth of 1.91 percent since the start of 2016.

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 7.99 percent, contributing to its monthly share price growth of 2.16 percent. CYREN was profiled recently in our list of top Israeli cybersecurity companies.

Innodata Inc.

With a market cap of $58.17 million, Innodata Inc. is a digital services and solutions company. The company’s technology and services power information products and online retail destinations, with its segments include Content Services (CS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). It’s 2.26 percent growth in share price over the past week was much needed for the company, which has seen a 20.70 percent fall in share price since the start of the year. The company’s Q1 2016 earnings call was held relatively recently, on May 11.
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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 $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.