The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) inched upwards last week, seeing an increase of 0.56 percent over the last five trading days and closed at 3,232.08 points on Friday.
Friday last week also saw the end of Bitcoin’s price surge as the Winklevoss ETF proposal was not approved by the Securities and Exchange Commission. Many were hopeful, but participants in the Bitcoin and blockchain sectors are quite positive that the previous surge in prices was not only due to the then-impending ETF approval.
Here’s a look at last week’s top five technology gainers on the NASDAQ:
- Qualstar (NASDAQ:QBAK)
- Internap (NASDAQ:INAP)
- ModusLink Global Solutions (NASDAQ:MLNK)
- Echelon (NASDAQ:ELON)
- QAD Inc. (NASDAQ:QADB)
Qualstar provides power solutions and data storage systems, and has been on top of our weekly NASDAQ gainers list before. Last February, shares of the company soared when one of its divisions, N2Power, was awarded a $1 Million order from a gaming entity, which will be shipped over the course of 12 months.
Shares of the company gained 63.66 percent over the five day trading period, and ended the week at $8.35 per share. Year-to-date, Qualstar is up by 186 percent.
Internap provides internet infrastructure services and operates through two segments: Data Center Services and Internet Protocol Services. Last week, the company reported its fourth quarter results, announcing a revenue of $74.1 for the fourth quarter of 2016 and cash flow from operations of $46.4 million.
Shares of the company gained 32.76 percent over the five day trading period, and ended the week at $3.08 per share. Year-to-date, Internap is up by 100 percent.
ModusLink Global Solutions
ModusLink Global Solutions is an omni-channel technology and fulfillment provider. Last week, the company reported its financial results for Q2 of fiscal year 2017. Highlights included an adjusted EBITDA of $3.4 million and net revenue of $117.6 million.
Shares of the company gained 15.38 percent over the five day trading period, and ended the week at $1.65 per share.
Echelon is a property and casualty insurance provider that is primarily focused on non-standard automobile insurance and other specialty products. Last week, the company announced the completion of the sale of its European operations, which was effected by March 7, 2017.
Shares of the company gained 6.19 percent over the five day trading period, and ended the week at $6.00 per share.
QAD is a software solutions provider for manufacturing companies worldwide, over a cross section of industries. Last week, the company announced its fiscal 2017 and Q4 financial results, which included a subscription revenue of $14.7 million and a gross profit of $40.4 million.
Shares of the company gained 6.17 percent over the five day trading period, and ended the week at $24.95 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, Pia Rivera, hold no direct investment interest in any company mentioned in this article.