5 Top Weekly NASDAQ Tech Stocks: Index Post Strong Week Heading into the Long Weekend

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) posted another strong set of gains last week, rising 2.9 percent to reach 3,597.14 points as of 1:27 p.m. EST on Friday (September 1).
Reuters also reported on Friday that, overall, US stocks were trading higher on the early afternoon heading into the Labor Day long weekend.
“On a Friday before a long weekend with all the global events going on, people may be thinking this is the time to … take some profits. The volume is pretty light,” Joe Colleran, head trader at Bank Leumi USA told the publication.
On that note, a number of NASDAQ 100 Technology sector stock made strong gains, including these five:

• American Software (NASDAQ:AMSWA)
• Internet Gold Golden Lines (NASDAQ:IGLD)
• Planet Payment (NASDAQ:PLPM)
• Meet Group (NASDAQ:MEET)
• Computer Task Group (NASDAQ:CTG)

Here’s a closer look at those companies.

American Software

First on our 5 top weekly NASDAQ tech stocks list is American Software, a company that provides demand-driven supply chain management and enterprise software solutions. The company’s three segments include: Supply Chain Management, Enterprise Resource Planning, and Information Technology Consulting.
In addition to that, American Software’s solutions include: Global sourcing, workflow management, customer service and ERP solutions.
The company released its first quarter fiscal 2018 results on August 28, highlighting that its total revenue for the quarter decreased slightly by 2 percent to $26.9 million as of July 31. Still, American Software’s share price increased 13.36 percent to reach $11.03 as of 1:53 p.m. EST on Friday.

Internet Gold Golden Lines

Next is Internet Gold Golden Lines, whose main asset is a 64.78 percent interest in BCOM (NASDAQ:BCOM) through which the company holds a controlling interest in Bezeq (TASE:BZEQ).
Its segments include: Domestic fixed-line communications; cellular communications; international communications and internet services, to name a few.
On August 31, Internet Gold Golden Lines released its financial results for Q2 2017, highlighting revenue was $705 million for the quarter, although it was a 1.9 percent decrease compared to the same quarter in 2016. Still, its share price was on the upward swing last week, rising 11.67 percent to $7.75.

Planet Payment

Middle of the pack on last week’s 5 top weekly NASDAQ tech stocks list is Planet Payment, an international payment processing and multi-currency processing service company.
Planet Payment’s multi-currency processing service includes Pay In Your Currency, Multi-Currency Pricing, and Dynamic Currency Conversion at automated teller machines which enables merchants to offer customized pricing in a range of currencies.
That being said, the company did not have any news during the trading week that could relate to its share price increase. Still, Planet Payment’s stock price rose 9.73 percent last week to $4.05 as of 2:10 p.m. EST on Friday.

Meet Group

Meet Group is a social-media based company that operates on location-based social networks that allows people to meet on mobile platforms such as the iPhone, Android, iPad, and tablets, and on the web.
Its social networking platforms include: Chat, Profile and Friends, while its social discovery products are Meet, Discuss and Buzz, and Interested. According to its website, there are 2.5 million daily active users on range of platforms.
On that note, Meet Group did not have any news last week, although its share price increase is still worth noting: over the five-day trading period, shares of Meet Group rose 5.88 percent to $3.78 as of 2:18 p.m. EST on Friday.

Computer Task Group

Rounding out our 5 top weekly NASDAQ tech stocks list is Computer Task Group, an information technology solutions and staffing services company.
Last week, shares of Computer Task Group increased 3.05 percent to $5.40 as of 2:02 p.m. EST on Friday, although the company did not have any news during the trading week that would relate to the 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 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, Jocelyn Aspa, 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 Rally Continues
By Jocelyn Aspa, Aug. 27, 2017
The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) continued its rally last week, rising 1.29 percent to reach 3,496.93 points as of 1:41 p.m. EST on Friday.
That being said, Reuters reported on Friday (August 25) that a decline in tech stocks on the NASDAQ “erased some gains” in the S&P and Dow following Federal Reserve chairwoman Janet Yellen keeping laying low on the monetary policy.
Still, on the NASDAQ 100 Technology Sector, a number of tech stocks still made weekly gains last week, including these top five:

• USA Technologies (NASDAQ:USAT)
• Cyren (NASDAQ:CYRN)
• Avid Technology (NASDAQ:AVID)
• Mattersight (NASDAQ:MATR)
• Marchex (NASDAQ:MCHX)

Here’s a closer look at those companies.

USA Technologies

First on our 5 top weekly NASDAQ tech stocks list is USA Technologies, a company that provides technology-enabled solutions and value-added services that enable electronic payment transactions with the unattended point of sale market. USA Technologies is also a provider in the small ticket, food and beverage vending industry, as well as providing solutions to other markets such as amusement and commercial laundry.
On Tuesday (August 22), the company announced its fourth quarter and fiscal 2017 results, highlighting quarterly revenue of $34.3 million, an increase of 56 percent year-over-year, and marking the company’s 31st consecutive quarter of growth. As a result, it’s no surprise that USA Technologies tops the list. Over the five-day trading period, shares of USA Technologies increased 10.38 percent to $5.85 as of 2:39 p.m.EST on Friday.

Cyren

Cyren works towards developing and marketing information security solutions for protecting the web, email and mobile transactions. Some of its technologies include CYREN GlobalView Cloud and Recurrent Pattern Detection.
On August 16, the company announced its second quarter 2017 financial results, noting that its revenue was $7.8 million for the quarter, up from $7.6 million in the same quarter in 2016. That said, it did not have any additional news during last week’s trading period. Still, its share price increase is worth noting: over the five-day period, Cyren’s stock moved up 8.82 percent to $1.85 as of 2:44 p.m.EST on Friday.

Avid Technology

Middle of the pack is Avid Technology, a company that develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution.
More specifically, Avid’s products are used in a variety of entertainment-related industries, such as: film studios, networks, affiliates, independent and cable television stations, recording studios, and so on.
On Thursday (August 24), the company announced that a number of National Collegiate Athletic Association colleges have implemented Avid’s tools and workflow soltions to create and manage in-stadium display, broadcast TV and online outlet content. The news no doubt helped bolster Avid’s share price over the week: as of 2:46 p.m. EST on Friday, Avid’s stock price increased 7.82 percent to $4.55.

Mattersight

Next is Mattersight, whose Mattersight Behavioral Analytics is used to analyze and predict customer behavior based on the language used between agents and customers during brand interactions.
More specifically, Mattersight’s products include: routing, coaching, analytics, and quality, which are all used to identify and understand customer personality and measure customer satisfaction.
On that note, Mattersight did not report any news during the week that would describe its share price movement during the week: over the five-day trading period, shares of Mattersight increased 4.55 percent to $2.30 as of 2:50 p.m. EST on Friday.

Marchex

Closing out the 5 top weekly NASDAQ tech stocks list is Marchex, a mobile advertising analytics company. Marchex’s products include Marchex Call Analytics, Marchex Search Analytics, Marchex Display and Video Analytics, Marchex Social Analytics and Marchex Call Marketplace and Local Leads.
Last week, shares of Marchex increased 3.75 percent to $3.04 as of 3:39 p.m. EST on Friday, although the company did not have any related news during the trading week to describe 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 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, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.