5 Top Weekly NASDAQ Tech Stocks: Tech Stocks Dip

- March 18th, 2018

Cyren, Sify Technologies, Internap, JMU and Marchex were last week’s top gainers.

The NASDAQ Composite (INDEXNASDAQ:.IXIC) was on the decline last week, dropping  from 7,581 points on Monday (March 12) to 7,484.1 points as of 1:40 p.m. EST on Friday (March 16). The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT), however, was on the rise over last week’s trading period, increasing from Monday’s open of 4,210.70 points to reach 4,447.82 points as of 1:41 p.m. EST on Friday.

On Wednesday (March 14), the Financial Times reported that tech stocks “dragged Wall Street lower,” which seems to have been a reoccurring theme through the latter half of the week.

That said, a number of NASDAQ tech stocks still made gains last week, including:

  • Cyren (NASDAQ:CYRN)
  • Sify Technologies (NASDAQ:SIFY)
  • Internap (NASDAQ:INAP)
  • JMU (NASDAQ:JMU)
  • Marchex (NASDAQ:MCHX)

Here’s a closer look at those companies.

Cyren

Last week’s top gaining NASDAQ tech stock is Cyren, a company that offers cloud-based internet security services with a focus on protecting its clients from cyberattacks and data loss. Cyren’s product, Cyren Web Security, provides software-as-a-service security for businesses that protect against advanced malware, ransomware and phishing.

That being said, Cyren didn’t have any company news during last week’s trading period to attribute to its rising share price. Over the course of the five-day period, shares of Cyren increased by 16.28 percent to $2.50 as of 2:20 p.m. EST on Friday.

Sify Technologies

The week prior Sify Technologies topped the 5 top weekly NASDAQ tech stocks list, however last week the company dropped slightly to come in second. The company is based in India and provides end-to-end solutions to more than 1,400 communities across the country.

Its network services includes: integration services, managed network and security, and wide area network. Sify’s other segments range from Telecom services, which includes domestic data, international data, wholesale voice and network managed services; data center services; cloud and managed services; technology integration services; and applications integrations services.

Similarly, Sify Technologies also didn’t have company news that would relate to its rising share price last week, although it is still worth noting: last week, shares of Sify increased by 12.62 percent to $2.45 as of 2:25 p.m. EST on Friday.

Internap

Coming in straight down the middle in last week’s top weekly NASDAQ tech stocks list is Internap, a company that provides data center services such as colocation, managed hosting, cloud and network services.

However, Internap also didn’t have any news last week that might be attributed to its share price. Over the course of the five-day period, shares of Internap increased by 5.41 percent to $13.21 as of 2:39 p.m. EST on Friday.

JMU

Next is JMU, a Chinese-based company that operates the country’s biggest foodservice platform, providing integrated B2B services to merchants and consumers within the industry.

Much like every company on the list thus far, JMU didn’t have any company news last week.  Throughout the week shares of JMU increased by 4.12 percent to $0.92 as of 2:44 p.m. EST on Friday.

Marchex

Rounding out last week’s 5 top weekly NASDAQ tech stocks list is Marchex, a company that provides mobile advertising analytics. Its wide range of products includes: the Marchex Omnichannel Analytics Channel, which provides search analytics,  site analytics, social analytics, display and video analytics; Marchex Call Marketplace; Marchex Speech Analytics; Marchex Local Leads; Marchex Audience Targeting; and Marchex Call Tracking.

On Tuesday (March 13), the company announced it had released an executive overview dashboard for its speech analytics technology, which likely contributed to its rising share price. Over the five-day period shares of Marchex increased by 3.18 percent to $2.90 as of 2:57 p.m. EST on Friday.

Don’t forget to follow us @INN_Technology for real-time news updates.

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,  Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.


**This article is updated each week. Please scroll to the top for the most recent information**

5 Top Weekly NASDAQ Tech Stocks: Tech Stocks Reach Six-Week High

By Jocelyn Aspa, March 11, 2018

The NASDAQ Composite (INDEXNASDAQ:.IXIC) was in the green this week, rising by a notable 3.75 percent to reach 7,531.80 points as of 1:10 p.m. EST on Friday (March 9). The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) made even more impressive gains, rising by 5.49 percent to reach 4,446.86 points as of 1:12 p.m. EST on Friday.

MarketWatch reported on Friday that the NASDAQ Composite reached an all-time high for the first time in six weeks as of midday trading. Similarly, a number of NASDAQ tech stocks were also on the rise last week, including:

  • Sify Technologies (NASDAQ:SIFY)
  • USA Technologies (NASDAQ:USAT)
  • PDF Solutions (NASDAQ:PDFS)
  • RealNetworks (NASDAQ:RNWK)
  • Limelight Networks (NASDAQ:LLNW)

Here’s a closer look at those companies.

Sify Technologies

Sify Technologies is this week’s top weekly NASDAQ tech stock. The company is based in India and provides end-to-end solutions to more than 1,400 communities across the country.

Its network services includes: integration services, managed network and security, and wide area network. Sify’s other segments range from Telecom services, which includes domestic data, international data, wholesale voice and network managed services; data center services; cloud and managed services; technology integration services; and applications integrations services.

That being said, Sify Technologies didn’t have any company news during last week’s trading period that could relate to its share price increase. Still, it’s worth noting: over the five-day period, shares of Sify increased 11.87 percent to reach $2.02 as of 1:37 p.m. EST on Friday.

USA Technologies

USA Technologies is no stranger to our top weekly NASDAQ tech stocks list. The company is a provider of secure, unattended cashless transactions (unattended point of sale), and provides its solutions to the small ticket, beverage and food vending industry, among others.  Its products and services range from ePort Connect, Value-added services, ePort Cashless Hardware, eSuds, and EnergyMisers.

On March 7, it was announced that Canteen, the winner of USA Technologies’ TESLA Sweepstakes, will donate its proceeds from the Grande Prize to two charities, although it’s unclear as to whether this news had any effect on USA Technologies’ rising share price. Over the course of the five-day period, shares of the company increased by 7.65 percent to $9.15 as of 2:13 p.m. EST on Friday.

PDF Solutions

PDF Solutions was the third top weekly NASDAQ tech stock last week. The company is a provider of yield improvement technologies with a focus on the IC manufacturing process lifestyle. PDF Solutions provides it services to the semiconductor industry, fabless semiconductor industry, silicon wafer manufacturing industry, and flat panel display industry, while its solutions range from: integrated yield pumps, YieldAware Process Control, and EfficiencyAware Process Control.

However, the company didn’t have any news during last week’s trading period that may have impacted its share price, which increased by 7.04 percent to $12.32 as of 2:19 p.m. EST on Friday.

RealNetworks

While RealNetworks was the previous week’s top gaining stock, last week it was the fourth top gaining stock on our list. RealNetworks is a provider of Internet streaming media delivery software and services.  Its products and services range from: Gamehouse, Real Media HD, Real Player, Computer Vision, KonTXT, Mobile Carrier Services, and RealTimes.

The company started the week by announcing on Monday (March 5) that it will be presenting at the 30th annual ROTH conference next week (March 11-14), which may have impacted its share price. Over the course of the five-day period, shares of RealNetworks increased by 6.67 percent to reach $3.36 as of 2:22 p.m. EST on Friday.

Limelight Networks

Limelight Networks is also no stranger to our 5 top weekly NASDAQ tech stocks list. The company is a content delivery network provider with an aim of helping organizations have quicker websites, responsive applications and high quality video. The company provides it services to industries such as software and device manufacturers, media and broadcasters, retail and commerce, and gaming.

That said, the company didn’t have any news during last week’s trading period despite its rising share price. Over the five-day period shares of Limelight Networks increased slightly by 1.27 percent to $4.36 as of 2:45 p.m. EST on Friday.

Don’t forget to follow us @INN_Technology for real-time news updates.

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,  Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

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