5 Top Weekly NASDAQ Tech Stocks: Index Reaches a Historical High

- January 14th, 2018

NetSol Technologies, American Software, Evolving Systems, Perion Network, and eGain were last week’s top gainers.

The NASDAQ Composite (INDEXNASDAQ:.IXIC) was on the rise last week, increasing by 1.64 percent to 7,255.16 points as of 1:53 p.m. EST on Friday (January 120.  The story is similar for the NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT), which gained 1.51 percent to reach 6,754.13 points as of 1:55 p.m. EST on Friday.
On Thursday (January 11), the NASDAQ.com News reported the NASDAQ Composite Index had reached a “historical high” of 7,211.78 points, but by Friday the index had surpassed that number.
During the five-day trading period a number of microcap tech stocks also made gains, namely:

  • NetSol Technologies (NASDAQ:NTWK)
  • American Software (NASDAQ:AMSWA)
  • Evolving Systems (NASDAQ:EVOL)
  • Perion Network (NASDAQ:PERI)
  • eGain (NASDAQ:EGAN)

Here’s a closer look at those companies.

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NetSol Technologies

First on our top NASDAQ tech stocks list is NetSol Technologies, a company that provides IT and enterprise software solutions.
The company’s line of products include the NFS Ascent and NFS Digital, targeted for businesses in the lease and finance industry. NFS Ascent is comprised of computing power and three programmable work engines that helps manage leasing and financing cycles, including quotation origination and the completion of a contract.
NFS Digital, the NETSOL Technologies Enterprise Mobility Suite  enables finance and leasing companies to increase productivity and reduce costs.
On January 10, the company announced that its point of sale system went live for FCA Automotive Finance, which certainly may have contributed to its rising share price. Over the five-day trading period, shares of NetSol increased 13.98 percent to reach $5:30 as of 11:54 a.m. EST on Friday.

 American Software

Second on the list is American Software, a company that develops, markets and supports software and services in enterprise management, supply chain and retail planning solutions for the marketplace.
Last week, the company’s subsidiary Logility announced its assistance with the Empty Stocking Fund, and also  announced that it, together with NGC Software would be presenting at the NRF 2018: Retail’s Big Show, which may have assisted its rising share price. As of 2:52 p.m. EST on Friday, shares of American Software had increased 5.63 percent to reach $13.00.

Evolving Systems

Middle of the pack on our top NASDAQ tech stocks list is Evolving Systems, is no stranger to the technology industry. In fact the company has been developing, delivering and assisting technology and vendor independent software solutions since the mid-80s.
The company’s platform “parses billions of data,” from everything like demographics, interests, interactions and so on to assist companies with engagement and revenue.
On that note, the company didn’t have any related news during last week’s trading period. Still, its share price increased 4.9 percent to reach $5.35 as of 2:15 p.m. EST on Friday.

Perion Network

Perion Network is a company based in Israel that provides data-driven ad and search solutions for brands and publishers. Its search division, CodeFuel, helps developers increase search traffic and generate revenue, while its MakeMeReach platform drives marketing campaigns.
That said, Perion Network didn’t have any related news during last week’s trading period, although its rising share price is still worth noting. Over the five-day trading week shares of Perion increased 4.81 percent to reach $1.09 as of 2:40 p.m. EST on Friday.

eGain

Closing out our list is eGain,  a company that provides cloud-based and on-site customer engagement software solutions. In particular, the company provides a wide range of products, including eGain CallTrack, eGain Chat, eGain Virtual and eGain ClicktoCall, among several others.
On Thursday of last week the company announced it had enabled “conversational customer service” via Facebook Messenger, which likely contributed to its rising share price. As of 3:09 p.m. EST on Friday, shares of the company had increased 2.63 percent over the week to reach $5.82.
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 weekly. Please scroll to the top for the most recent information**

5 Top Weekly NASDAQ Tech Stocks: Index Reaches Record Highs on Black Friday
By Jocelyn Aspa, November 26, 2017
The NASDAQ Composite (INDEXNASDAQ:.IXIC) was on the plus last week, rising again by 1.43 percent to 6,889.16 points at market Close on Friday (November 24). The story is similar for the NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT), which gained 1.19 percent to hold steady over 4,000 points to close at 4,094.04 on Friday’s close.
On Friday Reuters reported that tech stocks led the way for the S&P 500 as well as NASDAQ to “record high closes” on Black Friday bolstered by holiday seasonal shopping.
With that in mind, microcap tech stocks also made gains last week, including:

  • Avid Technology (NASDAQ:AVID)
  • Iteris (NASDAQ:ITI)
  • Mitek Systems (NASDAQ:MITK)
  • Meet Group (NASDAQ:MEET)
  • Sify Technologies (NASDAQ:SIFY)

Here’s a closer look at those companies.

Avid Technology

First on our top weekly NASDAQ tech stocks list 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.
Over the trading week, shares of Avid Technology rose 24.66 percent to reach $7.38 at Friday’s close, although there was no company news during the week to relate to its share price increase.

Iteris

Next is Iteris, a company that provides information solutions for traffic management and global agribusiness markets.
Similarly, Iteris also didn’t have any related company news during the trading week, although that didn’t stop its share price from rising 15.89 percent over the week to $6.49. According to publication Post Analyst, a number of analysts suggest Iteris is a “strong buy” while zero say suggest it is a hold.

Mitek Systems

Middle of the pack on our 5 top weekly NASDAQ tech stocks list is Mitek Systems, a company in the business of developing, selling, and marketing mobile capture and identify verification software solutions with a focus on mobile banking. Mitek’s main products include Mobile Verify, Mobile File, Mobile Docs, Mobile Deposit and Commercial Mobile Deposit Capture.
Much like the two companies above, Mitek Systems did not have any news during the trading period related to its rising share price.  Over the trading period, shares of Mitek Systems increased 11.56 percent to close at $9.65 on Friday.

Meet Group

Next we have Meet Group, a company that includes a portfolio of various mobile applications. Meet Group also provides online marketing capabilities that allows marketers to showcase their ads in a number of different formants in different locations.
Similarly, Meet Group also did not have any news during the trading period. That said, its share price increased 9.8 percent last week to $2.69 despite reporting disappointing Q3 earnings two and a half weeks ago.

Sify Technologies

Sify Technologies, an integrated ICT Solutions and services company based in India. Sify provides end-to-end solutions and its telecom network connects 48 data centers across the country.
Last week shares of Sify Technologies increased 6.67 percent to reach $1.60 as of 1:11 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 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.

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