5 Top Weekly NASDAQ Tech Stocks: Index Falls

- July 29th, 2018

Which NASDAQ tech stocks gained the most last week? Attunity, AudioCodes, AMERI Holdings, Borqs Technologies and Kingstone Wirelessinfo Solution gained the most.

The NASDAQ Composite (INDEXNASDAQ:.IXIC) had a rollercoaster ride in the week with the index closing at a historical high on Wednesday (July 25) at 7,932.24 points before the NASDAQ Technology (INDEXNASDAQ:NDXT) index caused the downfall for both later in the week.

The NASDAQ Composite started the week at 7,806.93 points on Monday (July 23) before dipping to 7,730 points as of 12.50 p.m. EST on Friday (July 27).

The NASDAQ Technology index started the week at 4,365.71 points, but settled at 4,354.51 points as of 12.57 p.m. EST on Friday.

Facebook (NASDAQ:FB) and its CEO Mark Zuckerberg dominated the week. With the record fall Zuckerberg and his company suffered on Thursday, they could be the talking point for weeks and months ahead. The company lost US$120 billion in market cap while Zuckerberg lost US$19 billion in net worth.

On Friday, Twitter (NYSE:TWTR) dipped 19 percent after reporting a decline in monthly active users in its second quarter results. The problems of the social networking platform was compounded with the company removing fake accounts. Like Facebook, Twitter reported a weak guidance for the upcoming quarters.

With big companies faltering in the week, the situation was similar to small and mid-cap stocks as well. Only 54 stocks in this category registered a positive growth in the week with the top gainer Attunity (NASDAQ:ATTU) growing by 26 percent in the week.

Here are the five top weekly NASDAQ tech stocks that increased in the week.

  • Attunity
  • AudioCodes (NASDAQ:AUDC)
  • AMERI Holdings (NASDAQ:AMRH)
  • BORQS Technologies (NASDAQ:BORQS)
  • Kingtone Wirelessinfo Solution Holdings (NASDAQ:KONE)

Attunity

Attunity is first on our five top weekly NASDAQ tech stocks. The company provides big data management software solutions that enable access, management, sharing and distribution of data across heterogeneous enterprise platforms, organizations and the cloud.

While other big companies stumbled with their results, Attunity reported an 86 percent license revenue growth on an year-over-year basis. The company posted a 47 percent total revenue growth for the same timeframe.

Attunity was trading at US$15.97 as of 1.30 p.m., EST on Friday.

AudioCodes

AudioCodes is a global company that designs, manufactures and sells advanced Voice over IP (VoIP) and converged VoIP and data networking products.

Shares of AudioCodes were trading at US$9.40 as of 1.30 p.m. EST on Friday, representing a 17.06 percent throughout the week.

However, the company did not post any meaningful update that explained its increase in share price.

AMERI Holdings

Ameri Holdings, a specialized SAP cloud, digital and enterprise company that provides SAP services to customers worldwide is third on our list with the company’s stock increasing 12.03 percent in the week.

The company on Wednesday announced that it has entered into a security purchase agreement with investors in connection with a private placement of US$6 million in shares of its common stock and warrants.

Ameri was trading at US$1.46 as of 1.30 p.m. EST on Friday.

Borqs Technologies

Fourth on our list are Borqs Technologies, a global leader in software and products for IoT and provider of cloud service solutions.

The company on Wednesday announced its subsidiary, Yuantel Telecommunications that operates is mobile virtual network operator business, was awarded the official commercial MVNO license in China.

Borqs Technologies was trading at US$8.51 as of 1.30 p.m. EST on Friday with the shares gaining 9.70 percent in the week.

Kingtone Wirelessinfo solution

Kingtone Wirelessinfo develops wireless communications software that links workers in the field to their offices using PDAs, cameras, barcode scanners, portable printers, GPS devices and tablet computers.

Although the company did not announce any meaningful updates in the week, the shares of KONE gained 8.70 percent and was trading at US$7 as of 1.30 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 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: MER Solutions Gains 87 Percent

By Bala Yogesh, July 22, 2018

The NASDAQ Composite (INDEXNASDAQ:.IXIC) and NASDAQ Technology (INDEXNASDAQ:NDXT) Index followed a similar pattern as to last week with the indexes facing a dip on one day but otherwise continued to make gains through the week.

The NASDAQ Composite started the week at 7,831.74 points on Monday (July 16) and faced a dip on Tuesday (July 17) when the index was at 7,751.97 mark before recovering to trade at 7,839.10 points as of 12.51 p.m. EST on Friday (July 20).

The NASDAQ Technology started the week at 4,3282.88 points on Monday and dipped to 4,341.36 mark on Tuesday. The index recovered in the week and was trading at 4,397.10 points as of 12.54 p.m. EST on Friday.

One of the crucial story of the week was Microsoft’s (NASDAQ:MSFT) fourth quarter results on Thursday (July 19), with the company reporting a revenue of US$30.1 billion, a 17 percent increase year-over-year. The company’s net income was US$8.9 billion which was an 35 percent increase year-over-year. Crucial growth verticals for the company were its server and cloud revenue with Azure alone reporting an 89 percent revenue growth. It has to be noted that most of the company’s verticals recorded an impressed performance including its Surface portfolio which jumped 25 percent year-over-year to US$1.1 billion.

Meanwhile, The Information reported on Tuesday that Walmart (NYSE:WMT) is planning to take on Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN) by launching a subscription streaming service. It has to be noted that Walmart is keen to compete with Amazon on multiple fronts and The Information said that such a streaming service launch could be costly for the company but would demonstrate its determination.

The week wasn’t about big companies and their stories as several small to mid-cap companies were on the rise in the week with MER Telemanagement solutions (NASDAQ:MTSL) rising 87.97 percent in the week.

Over 100 companies in this category had posted gains with the top five mentioned below had a growth of over 15 percent.

Here are the five top weekly NASDAQ tech stocks that increased the most last week:

  • MER Telemanagement solutions
  • CODA Octopus Group (NASDAQ:CODA)
  • Datawatch (NASDAQ:DWCH)
  • AMERI Holdings (NASDAQ:AMRH)
  • NXT-ID (NASDAQ:NXTD)

MER Telemanagement solutions

Prior to last week, this company based in Israel was ranked second on our 5 Top Weekly NASDAQ Tech stocks list from the week previous and the company made it to the top spot with an over 87 percent increase last week.

Mer Telemanagement Solutions is a company that’s focused on products and services for enterprises in the area of telecom expense management and call accounting.

MTSL was trading at US$2.97 as of 1.28 p.m. EST on Friday, but did not announce any meaningful updates that explained its price hike.

CODA Octopus Group

Founded in 1994, Coda Octopus Group has patented a real-time 3D sonar technology that enables real-time 3D imaging and mapping in underwater zero visibility conditions. The company claims it product, Echoscope is used in numerous applications around the world including defense, marine construction and oil and gas surveys.

The company was trading at US$5.18 as of 1.28 p.m. EST on Friday, which increased 38.87 percent during last week’s trading period.

On Monday, the company announced that it has entered into an research and development agreement agreement with Naval Surface Warfare Center Panama City Division for real-time 3D imaging Head up Display Driver (HUD) solution.

Datawatch

Third on the list is a company that is based out of Massachusetts. The company is a data intelligence solutions provider that helps organizations to master the data for better insights.

The shares of Datawatch grew 24 percent in the week and was trading at US$12.90 as of 1.28 p.m. EST on Friday.

Datawatch reported its third quarter results on Wednesday (July 18) with the company posting a revenue of US$11.1 million which was 23 percent increase in its revenue as compared to the prior year quarter.

AMERI Holdings

Ameri Holdings, a specialised SAP cloud, digital and enterprise company that provides SAP services to customers worldwide is fourth on our list with the company gaining 19.64 percent in the week.

The company on Monday announced that it has entered Greenfield healthcare sector with MEDDATA. The agreement between the two firms will center on the implementation of the company’s UiPath’s Robotic Process Automation (RPA) solution.

The shares of the company were traded at US$1.38 as of 1.28 p.m., EST on Friday.

NXT-ID

The company that is focused on products that enables Internet of Things (IoT) is last on our list of the top gainers of the week.

The company’s products ranges from biometric and behavior-metric identity verification, security and privacy to payments and sensors technologies.

The shares of the company grew over 15 percent in the week and were traded at US$1.75 as of 1.28 p.m., EST on Friday.

Although, the company themselves haven’t announced any particular update, its subsidiary LogicMark on Friday announced that it will attend the 119th VFW National convention. LogicMark said that it will be an opportunity for the company to highlight safety and security products for veterans.

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.

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