5 Top Weekly NASDAQ Tech Stocks: Index Dip Continues

- April 22nd, 2018

Which NASDAQ tech stocks gained the most last week? Mattersight, RealNetworks, Meet Group, Iteris and Computer Task Group were the top gainers.

The NASDAQ Composite (INDEX NASDAQ:IXIC) started the week at 7,153.87 points and over the course of the week went up to 7,313.05 points before settling down at 7,160.19 as of 1:36 p.m. EST on Friday (April 20).

The NASDAQ 100 Technology Sector (INDEX NASDAQ:NDXT) had a rougher ride, having started the week at 4,197.67 points and increased to 4,289.51 over the course of the week before settling at 4,123.1 as of 1:45 p.m. EST on Friday (April 20).

Much of the tech news of the week was focused on ZTE (HKEX:0763), which was slapped with a US ban valid for seven years. Also in focus was Apple (NASDAQ:AAPL), with many analysts coming out with their estimates of iPhone sales ahead of the company’s earnings report on May 2. Apple was down close to 4 percent as of 1:46 p.m. EST on Friday.

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Against that backdrop, a number of micro-cap tech stocks had a steady week, with the top five growing just over 8 percent over the course of the week:

  • Mattersight  (NASDAQ:MATR)
  • RealNetworks (NASDAQ:RNWK)
  • Meet Group (NASDAQ:MEET)
  • Iteris (NASDAQ:ITI)
  • Computer Task Group (NASDAQ:CTG)

Here’s a closer look at those companies and the factors that moved their share prices last week.

Mattersight

The company, which claims to be the leader in behavioral analytics for customer-employee interactions, was trading at $2.30 as of 2:00 p.m. EST on Friday.

Mattersight is a tech company that offers behavioral analytics and personality-based software products. The company uses behavioral analytics to predict customer behavior based upon communications between agents and customers during brand interactions.

The company’s multi-channel technology captures data from voice conversations, employee desktop activity and other forms of unstructured data, and applies algorithms to this information in order to make it usable.

The stock grew 12.2 percent over the course of the week, but the company did not have any news that would explain its share price growth over the five-day trading period.

RealNetworks

The company creates innovative applications and services that help users to connect with and enjoy their digital media.

Shares of RealNetworks moved 11.75 percent during the five-day trading period and were priced at $3.50 at 2:00 p.m. EST on Friday. The company on Tuesday (April 17) announced that it will release its first-quarter results on May 3, which might have contributed to the growth of the stock.

Meet Group

Shares of Meet Group grew 9.91 percent over the week and, like RealNetworks, the company announced on Wednesday (April 18) that it would release its first quarter results on May 2.

Meet Group is a company that provides a social networking platform on iPhone and Android mobile devices, iPads and other devices. Meet Group gives its users a variety of ways to connect with other people through live video or discussions. Its social networking brands include: Meet Me, Lovoo, Skout, Tagged and hi5. As of 2:00 p.m. EST on Friday the stock was trading at $2.39.

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Iteris

Shares of Iteris increased by 9.36 percent over the course of the week to trade at $5.30 as of 2:00 p.m., EST on Friday.

Iteris is a company that is a leader in applied informatics and provides solutions for traffic management and global agribusiness markets. The company did not have any news that would explain its share price growth over the five-day trading period.

Computer Task Group

Rounding up the top five weekly NASDAQ tech stocks list is Computer Task Group, whose stock was trading at $9.24 as of 2:00 p.m. EST on Friday.

Computer Task Group is an IT services provider with operations in North America and Europe. Computer Task Group provides its service to a wide range of industries, including: pharmaceuticals, oil and gas; manufacturing and logistics; steel and automotive; banking; finance; securities and insurance; government; the technology sector; and communications service providers.

Shares of the company grew over 8 percent over the course of the week after it reported its first-quarter results on Thursday (April 19) and announced the finals results of its modified “Dutch Auction” tender offer 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, 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: Index Streams Flat – April 15, 2018

By Bala Yogesh

The NASDAQ Composite (INDEXNASDAQ:.IXIC) had a rollercoaster week, starting at 6,971 points on Monday (April 9) and recovering to 7,140.85 points as of 1:52 p.m. EST on Friday (April 13).

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) had a similar ride, beginning at 4,048.5 points on Monday before dipping to 4,041 points and reaching 4,194.16 points as of 1:59 p.m. EST on Friday.

The week started off with Apple (NASDAQ:AAPL) releasing new Product Red iPhones. That helped the company stay in a positive light before a new report from Bloomberg stated that its HomePod was a dud in sales. Much of the focus in the tech sector was on Facebook (NASDAQ:FB) and its CEO Mark Zuckerberg appearing before Congress.

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Against that backdrop, a number of micro-cap tech stocks had a solid week. The top five stocks listed below grew more than 10 percent over the course of the week:

  • CYREN (NASDAQ:CYRN)
  • Meet Group (NASDAQ:MEET)
  • RealNetworks (NASDAQ:RNWK)
  • Simulations Plus (NASDAQ:SLP)
  • eGain (NASDAQ:EGAN)

Here’s a closer look at those companies and the factors that moved their share prices last week.

CYREN

The stock grew 25 percent over the course of the week and was trading at $3.03 as of 1:59 p.m. EST on Friday. The company claims to have 1.3 billion users in the world who depend on its cloud internet security solutions.

What may have moved CYREN’s share price last week was its Thursday (April 12) announcement that it has secured a multimillion-dollar contract from a tech company. On Monday, CYREN launched a new capability for enterprises to combat threats related to cryptocurrency mining and impostor email attacks.

Meet Group

Shares of Meet Group increased 15.63 percent last week to reach $2.24 as of 1.59 p.m. EST on Friday.

Meet Group is a company that provides a social networking platform on iPhone and Android mobile devices, iPads and other devices. Meet Group gives its users a variety of ways to connect with other people through live video or discussions. Its social networking brands include: Meet Me, Lovoo, Skout, Tagged and hi5.

On Monday, Meet Group announced the rollout of tagged live streaming on its shared platform, while reporting strong gains in key video metrics. That may have catapulted its share price over the week.

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RealNetworks

The company creates innovative applications and services that help users to connect with and enjoy their digital media.

Shares of RealNetworks moved over 12.5 percent during the week and were trading at $3.12 as of 1:59 p.m. EST on Friday. The company did not have any news that would explain its share price growth over the five-day trading period.

Simulation Plus

Simulation Plus is a company that develops drug discovery and development software. The company announced record second-quarter revenue on Monday, reporting a jump of 28.9 percent to $7.4 million. The stock was trading at $16.85 as of 1:59 p.m. on Friday and increased 11.48 percent over last week’s trading period.

eGain

eGain, a company that provides cloud-based and on-site customer engagement software solutions, jumped over 10 percent over the course of the week.

It announced on Wednesday (April 11) that it was selected by Paylocity to help guide its customer service to fast, accurate and consistent answers. It was trading at $8.68 as of 1:59 p.m. 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, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.

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