5 Top Weekly NASDAQ Tech Stocks: Index Slides

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (March 4) at 7,636.62 and settled at 7,354.93 points as of 12:56 p.m. EST on Friday (March 8).

Similarly, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 4,425.79 points and dipped through the week to 4,251.84 points as of 1:02 p.m. EST on Friday.

On Friday, Spotify (NYSE:SPOT) announced that it has expanded its partnership with Samsung (LSE:SMSN,OTC Pink:SSNGY) which paves way for the music streaming app to be pre-installed on new Samsung devices across the globe. Additionally, new Spotify users in the US with selected Samsung mobiles may qualify for six free months of Spotify Premium.

Microsoft (NASDAQ:MSFT) announced on Friday that its Windows 10 is now running on 800 million devices across the world, including on devices like Xbox and mobile.

On the small and mid-cap space, over 60 stocks gained in the week including Professional Diversity Network (NASDAQ:IPDN) which rose 30.92 percent. Other stocks that gained over the week include:

• Professional Diversity Network
• SCWorx (NASDAQ:WORX)
• Reebonz Holding (NASDAQ:RBZ)
• Luna Innovations (NASDAQ:LUNA)
• Attis Industries (NASDAQ:ATIS)

Professional Diversity Network

First on the list is Professional Diversity Network, which is a global developer and operator of online and in-person networks that enables access to networking and training for diverse professional.

Despite its share price increase, the company didn’t provide any meaningful updates last week. Professional Diversity Network settled in to trade at US$1.99 as of 2:00 p.m. EST on Friday.

SCWorx

With a 18.49 percent increase to US$6.28 as of 2:00 p.m. EST on Friday, SCWorx took the second spot on our list.

SCWorx is engaged in advanced software solution for those primarily in the management division of health care provider’s.

The company announced on Tuesday (March 5) the signing of a new agreement worth US$649,000 with a single standing university medical center based in New York for data management services.

Reebonz

Next on the list is Reebonz, which is engaged in the online luxury marketplace and platform in Southeast Asia.

Reebonz announced on Wednesday (March 6) a strategic partnership with Komehyo. Under the agreement, Reebonz is expected to make Komehyo’s products available on its platform.

Shares of the company rose 17.54 percent over the week to trade at US$1.34 as of 2:00 p.m. EST on Friday.

Luna Innovations

Luna Innovations, a global player engaged in the advanced fiber optic technology is fourth on our list.

Luna made multiple announcements on Monday, including the reporting of its fourth quarter and fiscal year-end financial results. The company posted a fifth consecutive quarter of year-over, double digit revenue growth as it announced total revenues of US$13.5 million for the three months ended December 31, 2018.

The company’s stock gained 16.52 percent over the week to trade at US$3.93 as of 2:00 p.m. EST on Friday.

Attis Industries

With an increase of of 15.72 percent in the week to US0.34 as of 2:00 p.m. EST on Friday, Attis Industries took the final spot on our list.

The diversified technology holding company provided an update on Friday about its Sunoco Ethanol Plant acquisition. Attis said that it remains committed to closing the transaction in the near future.

Don’t forget to follow us@INN_Technology for real-time news updates!

Data for 5 Top NASDAQ Tech Stocks articles is retrieved each Friday at 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: Steady Week for the Index

By Bala Yogesh, March 3, 2019

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (February 25) at 7,585.30 points and settled at 7,570.16 points as of 12:32 p.m. EST on Friday (March 1).

Meanwhile, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 4,446.53 points and settled at 4,377.45 points as of 12:32 p.m. EST on Friday.

Major news from the week were from the 2019 Mobile World Congress where leading manufacturers including Sony (NYSE:SNE, OTC Pink:SNEJF) and LG (LSE:LGLD) launched new phones.

On Tuesday (February 26), Spotify (NYSE:SPOT) officially launched its service in India with the monthly plans starting at INR 119 per month (US$1.68). In the release, the company highlighted India’s population of 1.3 billion and its 400 million active internet users indicating the potential of the market.

In the small and mid-cap space, over 90 companies gained in the week, including EverQuote (NASDAQ:ENR) which rose 25.34 percent. Other stocks that gained in the week include:

• EverQuote
• Veritone (NASDAQ:VERI)
• Frontier Communications (NASDAQ:FTR)
• Wayside Technology Group (NASDAQ:WSTG)
• Secoo Holding (NASDAQ:SECO)

Here’s a look at the stocks in detail and what caused their price rise in the week.

EverQuote

EverQuote topped the charts with its stock rising over 25 percent in the week to trade at US$7.42 as of 2:00 p.m. EST on Friday.

The company operates a leading online insurance marketplace in the US that connects consumers with insurance providers.

On Monday, EverQuote announced its fourth quarter and full year financial results, highlighting a 29 percent increase year-over-year to US$163.3 million. For the fourth quarter period, EverQuote reported an increase in revenue of 23 percent year-over-year to US$39.8 million.

Veritone

Second on the list is Veritone, a company engaged in artificial intelligence (AI) technology and solutions.

The company’s stock gained 24.24 percent in the week and settled to trade at US$6.56 as of 2:00 p.m., EST on Friday.

Veritone on Tuesday announced an agreement with Golden Boy Promotions for Veritone’s core and digital media hub as its digital asset management solution.

Frontier Communications

Frontier Communications, a company engaged in communications services to urban, suburban and rural communities in 29 states is third on our list.

The company on Tuesday announced the financial results for its fourth quarter and fiscal year ended December 31, 2018. Frontier Communications reported a stable quarterly revenue of US$2.12 billion and a net loss of US$219 million.

Over the five-day trading period, shares of the company rose 21.57 percent to US$3.10 as of 2:00 p.m. EST on Friday.

Wayside Technology Group

Wayside Technology Group is a unified and integrated technology company providing products and solutions for corporate resellers, VARs and developers.

Like many others on the list, on Monday Wayside announced its fourth quarter results, highlighting a net income of US$1.7 million for the fourth quarter and US$3.5 million for the full year ended December 31, 2018.

Shares of the company were up 14.88 percent last week to US$12.20 as of 2:00 p.m. EST on Friday.

Secoo Holding

Secoo Holding, pne of Asia’s largest online integrated upscale products and services platform, took the final spot on the list.

The company’s stock was up 13.68 percent over the week to US$9.72 as of 2:00 p.m. EST on Friday.

However, Secoo didn’t provide any significant updates that explained its price hike in the week.

Don’t forget to follow us@INN_Technology for real-time news updates!

Data for 5 Top NASDAQ Tech Stocks articles is retrieved each Friday at 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.