5 Top NASDAQ Tech Stocks: Akamai Technologies Inc. Leads

- October 30th, 2016

This week’s NASDAQ top gainer in the Computer Software & Processing sector was Akamai Technologies Inc., followed by Mercury Systems, F5 Networks, Microstrategy and Western Digital.

The NASDAQ Technology Sector (INDEXNASDAQ:NDXT) had a good week. As of Friday, the index was up by 1.13 percent with 2,769.88 points.
Looking at the week’s gainers, companies weren’t quite able to break much higher than 20 percent in gains for the week. Included among last week’s top gainers in the computing software and processing industry were:

  • Akamai Technologies Inc. (NASDAQ:AKAM)
  • Mercury Systems Inc. (NASDAQ:MRCY)
  • F5 Networks (NASDAQ:FFIV)
  • Microstrategy (NASDAQ:MSTR)
  • Western Digital (NASDAQ:WDC)

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Akamai Technologies Inc.
Akamai Technologies Inc. is a US company that provides cloud computing and security services. They recently announced their strong third quarter 2016 financial results.
Akamai Technologies Inc. gained 21.22 percent over the five-day trading period and finished at $69.91 per share.
Mercury Systems Inc.
Mercury Systems Inc. is a Big Data company developing and manufacturing pre-integrated systems as customer solutions. They have recently announced first quarter fiscal 2017 results that exceeded their estimates.
Mercury Systems Inc. gained 15.79 percent over the five-day trading period and finished at $27.36 per share.

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F5 Networks
F5 Networks is an American company, headquartered in Seattle and specializing in cloud and security applications. They have recently announced good fourth quarter and fiscal 2016 results. They have set a revenue target of $510-520 million for the first quarter of fiscal 2017.
F5 Networks gained 14.05 percent over the five-day trading period and finished at $134.66 per share.
Microstrategy
Microstrategy provides mobile web, cloud services and business analytics. They recently announced new computer desktop software is now available free.
Microstrategy gained 13.56 percent over the five-day trading period and finished at $191.47 per share.
Western Digital
Western Digital is an American computer data storage company. They recently introduced new hard drives that can extend the lifespan of your PC or upgrade backup and storage solutions.
Western Digital gained 11.57 percent over the five-day trading period and finished at $59.21 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.
Related reading:
5 Top NASDAQ Tech Stocks: PayPal Inc. Leads

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