5 Top Weekly NASDAQ Tech Stocks: Index High on Cyber Monday Week

- December 2nd, 2018

Borqs Technologies, Determine, Marin Software, Innodata and Professional Diversity Network were the biggest risers.

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (November 26) at 7,026.5 points and inched higher through the week to settle at 7,271.15 points as of 1:00 p.m. EST on Friday (November 30).

The NASDAQ Technology Index (INDEXNASDAQ:NDXT) had a similar growth as compared to the main index with it starting the week at 3,893.17 points on Monday and settling at 3,990.71 points as of 1 p.m. EST on Friday.

Netflix (NASDAQ:NFLX) announced on Thursday (November 29) that it has increased its Canadian prices in the range of C$1 to C$3 depending on the plan with the prices effective immediately for new users. The company, however, said that existing users would be notified of the price increase in the coming weeks.

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Meanwhile, Microsoft (NASDAQ:MSFT) for the first time in five years updated its Office app icons as part of a bigger design overhaul. The company has said that the changes would reflect on how Office has changed from its last app redesign as the suite now has artificial intelligence features, along with services for collaboration among users.

Over 100 stocks in the small and mid-cap category gained in the week including Borqs Technologies (NASDAQ:BRQS) which increased 93 percent in the five day trading period. Other stocks that gained in the week include:

  • Borqs Technologies
  • Determine (NASDAQ:DTRM)
  • Marin Software (NASDAQ:MRIN)
  • Innodata (NASDAQ:INOD)
  • Professional Diversity Network (NASDAQ:IPDN)

Borqs Technologies

With a gain of 93.88 percent in the week, Borqs Technologies topped the charts with its stock trading at US$5.70 as of 1.50 p.m. EST on Friday.

The company is engaged in software and products for the Internet of Things (IoT), cloud service solutions and smart connected devices based on Android.

However, Borqs Technologies didn’t provide any meaningful updates that explained its price hike in the week.

Determine

Determine, a company involved in Source-to-Pay and Enterprise Contract Lifecycle Management (ECLM) Cloud Platform Solutions, is second on the list.

Shares of the company gained 52.99 percent in the week and settled to trade in at US$0.68 as of 1.50 p.m. EST on Friday.

Determine announced on Monday that VM Building Solutions has been tracking its procurement progress on the Determine’s Cloud Platform since April.

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Marin Software

Middle of the pack is Marin Software, a provider of digital marketing software for performance-driven advertisers and agencies.

The company’s stock settled to trade at US$3.07 as of 1.50 p.m., EST on Friday, having gained 33.67 percent in the week.

Marin Software announced on Thursday that its solutions offers support for Google’s (NASDAQ:GOOGL) new responsive search format. The company said that advertisers can increase conversions up to 15 percent with Google’s machine learning.

Innodata

Innodata is a company engaged in digital services and solutions with the company focused on its three main verticals, Digital Data Solutions, Advanced Data Solutions and Media Intelligence Solutions.

The company announced on Monday, through its subsidiary Agility PR Solutions, the launch of an integrated news wire service. The service will let its clients to distribute a press release for a flat fee. Agility said that the fee would be irrespective of the word count or multimedia component.

Innodata’s share price gained 29.61 percent in the week and settled to trade at US$1.97 as of 1.50 p.m.,EST on Friday.

Professional Diversity Network

Rounding up the top five on our list is Professional Diversity Network, a company that is a developer and operator of online and in-person networks that provides access to networking and training diverse individuals.

The company’s stock settled to trade at US$1.88 as of 1.50 p.m., EST on Friday with its shares gaining 25.33 percent in the week.

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

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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**This article is updated each week. Please scroll to the top for the most recent information**

5 Top Weekly NASDAQ Tech Stocks: Index Dips on Black Friday

By Bala Yogesh, November 25, 2018

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (November 19) with 7,217.24 points and inched down through the four day trading week to settle at 6,938.98 points as of 1.11 p.m.,EST on Friday (November 23).

Similarly, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) was down in the week having started at 3,956.79 points on Monday and settled at 3,834.44 points as of 1.11 p.m. EST on Friday.

Owing to the Black Friday and Cyber Monday festivities, several companies including Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOGL) have deals with each company trying pip its rival. Major retailers like Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT) and Best Buy (NYSE:BBY) are also cashing in on the festivities with their own set of offers.

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Adobe (NASDAQ:ADBE) through its analytics platform suggested shoppers purchased goods worth over US$3.7 billion on Thanksgiving, representing a 27.9 percent growth as compared to 2017.

Meanwhile, one of the major highlight of the week is the province of British Columbia making an initiative to sell 100 percent zero-emission vehicles (ZEVs) by 2040. The province is likely to introduce a legislation in Spring 2019 where they would be introducing key sales targets for 2025 and 2030.

In the four day trading period, over 60 stocks in the small and mid-cap category gained in the week with one company topping the charts with a 168.75 percent increase. The top five gainers on the list include:

  • Sphere 3D (NASDAQ:ANY)
  • TSR (NASDAQ:TSRI)
  • Chinacache International Holdings (NASDAQ:CCIH)
  • Daktronics (NASDAQ:DAKT)
  • Smith Micro Software (NASDAQ:SMSI)

Sphere 3D

The company that delivers containerization, virtualization and data management solutions via cloud solutions settled to trade at US$5.59 as of 2.00 p.m. EST on Friday and notched above-noted 168.75 percent increase.

Sphere 3D regained compliance with regards to its minimum bid price requirement under NASDAQ Listing on Tuesday (November 20). The company said that NASDAQ considered the mattered to be closed and it continued listing on the NASDAQ Capital Market.

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TSR

With a 24 percent increase in the week, TSR emerged second on our list with its stock trading at US$5.99 as of 2 p.m. EST on Friday.

The company engaged in providing computer programming consulting services announced on Wednesday (November 21) that its board of directors received a letter from QAR industries containing a non-binding offer to acquire all of the common stock of the company for US$6.25 per share. It was noted that the offer was for shares that are not already owned by QAR.

Chinacache International Holdings

Third on the list is Chinacache International Holdings which is engaged in internet content and application delivery services in China.

The company is a total solutions provider of various data products, with its shares increasing 16.68 percent to trade at US$1.48 as of 2 p.m. EST on Friday.

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

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Daktronics

Daktronics is a provider of large-format LED video displays, message displays business and transport applications. On Wednesday, it announced that it has partnered with Coral Cliff Gaming and Entertainment in conjunction with BDR Design Group.

Daktronics said that the partnership is for them to bring in nine LED video displays to a travel destination in Jamaica.

Shares of Daktronics gained 16.14 percent in the week to trade at US$8.85 as of 2 p.m. EST on Friday.

Smith Micro Software

Smith Micro Software, a developer of software that enhance the mobile experience takes the final spot on our list.

The company provides solutions to some of the leading wireless services providers and cable MSOs around the world. As of 2 p.m. EST on Friday, its shares were US$2.36, representing a 12.92 percent increase over the week.

That said, the company did not provide any updates in the week that could relate to its share price increase.

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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