5 Top Weekly NASDAQ Tech Stocks: Attunity Gains 40 Percent

- November 4th, 2018

Which NASDAQ tech stocks gained the most last week? Attunity, NxT-ID, Adesto Technologies, Mitek Systems and Alpha and Omega Semiconductor were the biggest risers.

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (October 29) at 7,272.42 points and steadily increased throughout the week to settle at 7,331.08 points as of 12.49 p.m. EST on Friday (November 2).

The NASDAQ Technology Index (INDEXNASDAQ:NDXT) had a similar pattern, having started the week at 3,867.65 points on Monday and settled at 3,956.88 points as of 12.51 p.m., EST on Friday.

On Thursday (November 1), Google (NASDAQ:GOOGL) employees walked out across the world in protest of the company’s handling of sexual misconduct. The walkout organizers are hoping for the company to implement five crucial changes to its policies.

On Tuesday (October 30), Apple (NASDAQ:AAPL) held a event where it unveiled new MacBook Air, iPad Pros and Mac Mini.

Meanwhile, over 130 stocks small and mid-cap companies gained in the week including:

  • Attunity (NASDAQ:ATTU)
  • NXT-ID (NASDAQ:NXTD)
  • Adesto Technologies (NASDAQ:IOTS)
  • Mitek Systems (NASDAQ:MITK)
  • Alpha and Omega Semiconductor (NASDAQ:AOSL)

Here’s a closer look at those companies and what may have moved their share prices over the week.

Attunity

Emerging at the top of the list is Attunity, a provider of data integration and big data management software solutions.

Shares of the company gained 40.50 percent over the five day trading period to trade at US$21.01 as of 1.20 p.m. EST on Friday.

Attunity announced on Thursday its third quarter results, highlighting a record operating income of US$3.5 million. Further, the company said that its total revenue was US$22.2 million as compared to US$16.5 million in the same period from the previous year.

NXT-ID

Second on the list is NXT-ID, a company engaged in a wide range of products including fintech.

The company together with Garmin (NASDAQ:GRMN) and Mastercard (NYSE:MA)announced on Wednesday that Garmin Pay contactless payments will be enabled for Mastero European account holders.

Shares of NXT-ID increased 28 percent last week and settled at US$1.16 as of 1.20 p.m. EST on Friday.

Adesto Technologies

Adesto Technologies, a provider of innovative application specific semiconductors and systems for the IoT era, is third on the list with a share price increase of 24 percent to trade at US$4.40 as of 1.20 p.m. EST on Friday.

However, the company whose technology platform is used by than 2,000 customers across the worl, did not reveal any meaningful updates that explained its share price hike in the week.

Mitek Systems

Next is Mitek Systems, a company that pioneers of mobile capture and digital identity verification solutions.

Shares of Mitek Systems rose 22.50 percent over the five-day trading period to reach US$9.55 as of 1.20 p.m. EST on Friday.

ASG Technologies, a company that provides organizations with various technological solutions, released a letter on Wednesday that proposed an offer to acquire Mitek Systems. The offer was for US$10 per share in cash, representing a 51 percent premium on the unaffected closing stock price on October 9.

On its part, Mitek made couple of announcements in the week including an agreement with Biocryptology for its biometric platform. The company also announced its fourth quarter financial results.

Alpha and Omega Semiconductor

Last on our list is Alpha and Omega Semiconductor, a company that is a developer and global supplier of a broad range of power semiconductors. Products of AOS targets wide range of applications including portable computers and smart phones.

Shares of the company increased 21 percent over the week to trade at US$11.26 as of 1.20 p.m. EST on Friday.

On Thursday, the company announced its financial results for the first quarter of 2019 where it reported revenues of US$115.1 million as compared to US$104.9 million in the same period from the previous year.

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

Data for 5 Top NASDAQ Stocks articles is retrieved each Friday as of 12:00 p.m. EST using TradingView’s stock screener. Only companies with a market capitalization of less than $500 million prior to the week’s gains are included. All companies in the technology sector are considered.

Securities Disclosure: I, Bala Yogesh, 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: Zix Leads as Index Drops

By Bala Yogesh, October 28, 2018

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (October 22) at 7,486.74 and dipped down throughout the week to close the trading session on Wednesday (October 24) at 7,104.11.

The index recovered on Thursday (October 25) to reach 7,352.5 before settling at the 7,270.66 mark as of 1.18 p.m. EST on Friday (October 26).

Meanwhile, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started last week at 3, 988.5 and closed the session on Wednesday at 3,771.27. On Friday, it settled at 3,842.12 as of 1.27 p.m. EST.

Several large-cap tech companies released their financial results, including Google’s parent company Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN).

On Thursday, Snapchat (NYSE:SNAP) also announced its financial results, noting that it lost two million users in the third quarter. Critically, the company’s net revenue increased 43 percent to US$298 million as compared to the same period in 2017, while its net loss improved to US$118 million as compared to US$323 million in the same period last year.

Over 51 small and mid-cap companies gained in the week with the top gainers in the week including:

  • Zix (NASDAQ:ZIXI)
  • AudioCodes(NASDAQ:AUDC)
  • Net Element (NASDAQ:NETE)
  • CyberOptics (NASDAQ:CYBE)
  • Helios and Matheson (NASDAQ:HMNY)

Zix

Pioneers of email encryption, Zix topped the charts with 42.44 percent increase over the five day trading period to US$6.78 as of 2:01 p.m. EST on Friday.

The company offers solutions for prevention of email data loss and bring-your own-device security.

On Tuesday (October 23), Zix announced its third quarter results with the company reporting its revenues have increased eight percent as compared to the same period in the prior year to a record US$17.9 million.

AudioCodes

Second on the list is AudioCodes, a company engaged in advanced voice networking and media processing solutions for the digital workplace.

Shares of the company gained 31 percent over the week to trade at US$12.38 as of 2.01 p.m. EST on Friday.

However, the company did not provide any updates that explained its share price hike in the week.

Net Element

Net Element operates a payments-as-a-service platform for small and medium enterprise operators. 

With a gain of 24 percent in the week, Net Element slots itself into the third spot with the shares of the company traded at US$4.97 as of 2.01 p.m. EST on Friday.

On Monday, the company announced a compliant payments solutions for legal cannabis industry, which may have catapulted its share price.

CyberOptics

Grabbing the fourth spot on the list is CyberOptics, a global developer and manufacturer of high precision 3D sensing technology solutions.

Shares of the company gained 21.50 percent in the week to settle at at US$19.85 as of 2.01 p.m. EST on Friday.

The company announced its participation at Semicon Europa and Electronica Munich 2018 events where it will demonstrate its products, which may have pushed its share price up over the week.

Helios and Matheson

Shares of Helios and Matheson gained 13.10 percent in the wee to trade at US$0.019 as of 2.01 p.m. EST on Friday.

On Tuesday, the company announced the preliminary plans to spin off MoviePass as the Helios is seeking a sharper market focus for its products and ventures.

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

Data for 5 Top NASDAQ Stocks articles is retrieved each Friday as of 12:00 p.m. EST using TradingView’s stock screener. Only companies with a market capitalization of less than $500 million prior to the week’s gains are included. All companies in the technology sector are considered.

Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.

Get the latest Cybersecurity Investing stock information

Get the latest information about companies associated with Cybersecurity Investing Delivered directly to your inbox.

Cybersecurity Investing

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time

Tags

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *