5 Top Weekly NASDAQ Tech Stocks: Inpixon Gains as Index Loses

- October 7th, 2018

Which NASDAQ tech stocks gained the most last week? Inpixon, Helios and Matheson Analytics, Synacor, XG Technology and Netsol were the biggest risers.

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started last week at 8,091.50 points on Monday (October 1) before dropping off to settle at 7,729.69 points as of 1.32 p.m EST on Friday (October 5).

Meanwhile, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 4,342.45 points on Monday and settled at 4,151.07 points as of 1.37 p.m. EST on Friday.

The major tech highlight of the week was from Microsoft (NASDAQ:MSFT). The company hosted an event on Tuesday (October 2) where the new generation Surface devices were unveiled. The company also released a Surface branded headphones and showcased new improvements on its Windows and Office products.

Online publications, Motherboard and MacRumors have reported that Apple (NASDAQ:AAPL) is pulling off a new move that sees the company using proprietary software to lock MacBook Pros and iMacs if they have been fixed at a third party repairs.

That said, 59 small and mid-cap stocks made gains during last week’s five day trading period. The top gainers include:

  • Inpixon (NASDAQ:INPX)
  • Helios and Matheson Analytics (NASDAQ:HMNY)
  • Synacor (NASDAQ:SYNC)
  • XG Technology (NASDAQ:XGTI)
  • Netsol Technologies (NASDAQ:NTWK)

Inpixon

With an increase of 121 percent during the week to reach US$0.44, Inpixon topped the charts on our 5 top weekly NASDAQ tech stocks.

Inpixon is engaged with Indoor Positioning Analytics (IPA). When paired with a high-performance data analytics platform, the IPA sensors deliver business visibility and security at any location.

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

Helios and Matheson Analytics

The company that owns MoviePass, Helios and Matheson Analytics comes second on this list with a gain of 37 percent to reach US$0.02 as of 2 p.m. EST on Friday.

Apart from MoviePass, Helios and Matheson provide technology services and solutions focusing on big data and artificial intelligence.

It was revealed in a US Securities and Exchange Commission (SEC) filing that the company raised US$65 million in August and September through the sales of its common stock.

Synacor

Third on our five top weekly NASDAQ tech stocks list is Synacor, a company which provides technology solutions for numerous video, internet and communication providers.

The company’s shares gained 35 percent to trade at US$2.15 as of 2 p.m. EST on Friday.

On Monday, the company released a new corporate presentation which highlighted its cloud based software business and its intentions to drive growth and profitability.

Later in the week, the company together with Cheddar announced that subscribers of Hulu with Live TV and YouTube TV will have access to its live and on demand programming at no additional charges. According to the companies, Cheddar is tapping into Synacor’s cloud based platform which ensures that such a move was possible.

XG Technology

XG Technology takes the second-to-last spot on the list with a 32 percent increase to trade at US$0.56 as of 2 p.m. EST on Friday.

The company is engaged in live video communications and supplies its solutions to numerous companies engaged in broadcast, sports and law enforcements. XG Technology did not provide any updates that explained its share price hike in the week.

Netsol Technologies

With a 15.91 percent hike last week to trade at US$7.65, Netsol Technologies is last on our 5 top weekly NASDAQ tech stocks.

The company is a provider of IT and enterprise software solutions across the world with its products serving the global leasing and finance industry. With over 40 years of experience, the company has presence in eight locations across the world.

Apart from an SEC filingwhich was a follow up to its September 26 press release, the company did not provide any other updates that explained 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.


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

5 Top Weekly NASDAQ Tech Stocks: Sphere 3D Emerges on Top

By Bala Yogesh, September 30, 2018

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started last week at 7,939.38 points on Monday (September 24) and inched higher through the week to settle at 8,042.85 as of 1:04 p.m. EST on Friday (September 28).

Meanwhile, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 7,477.45 points on Monday and had settled at 7,622.42 points by Friday.

Facebook (NASDAQ:FBsaid on Friday that its engineering team had discovered a security issue affecting almost 50 million accounts. The company said the vulnerability has been fixed and law enforcement has been informed.

Another major news story for the week was the US Securities and Exchange commission (SEC) suing Elon Musk for securities fraud; the SEC is seeking to ban Musk from holding office or director positions at publicly traded companies. The move from the SEC came after Musk initially tweeted that he was considering taking Tesla (NASDAQ:TSLA) private and that funding was secured for such a move.

Sticking with lawsuits, the tussle between Qualcomm (NASDAQ:QCOM) and Apple (NASDAQ:AAPL), which have been in a legal battle for over two years, took a big turn on Monday. Qualcomm now claims that Apple has been stealing its wireless technology for several years.

In a week of news from big companies, there was also the deal between SiriusXM (NASDAQ:SIRI) and Pandora (NYSE:P) to create the world’s largest audio entertainment company. SiriusXM will acquire Pandora for US$3.5 billion, with more than US$7 billion in expected pro-forma revenue in 2018.

In the small- and mid-cap category, over 81 stocks gained during the week, with Sphere 3D (NASDAQ:ANY) bagging the top position with an increase of 53.23 percent. Alongside Sphere 3D, the other companies that made it to the top five include:

  • Sphere 3D
  • Optical Cable (NASDAQ:OCC)
  • Inpixon (NASDAQ:INPX)
  • Dasan Zhone Solutions (NASDAQ:DZSI)
  • Atomera (NASDAQ:ATOM)

Sphere 3D

The stock that gained the most over the week was Sphere 3D, a company that delivers containerization, virtualization and data management solutions.

Sphere 3D was trading at US$0.36 as of 1.56 p.m. EST on Friday, with the company not releasing any significant updates to explain its price hike for the week.

Optical Cable

With a gain of 37.08 percent during the week, Optical Cable grabbed the second spot on our list and was trading at US$6.10 as of 1:58 p.m. EST on Friday.

The company is engaged in a broad range of fiber optic and data communication cabling and connectivity solutions, primarily for the enterprise market. Like most others on the list, the company did not release an update during the period.

Inpixon

Right in the middle of the pack is Inpixon, a company that deals with Indoor Positioning Analytics (IPA). When paired with a high-performance data analytics platform, the IPA sensors deliver business visibility and security at any location.

The company’s shares were up over 30 percent, trading at US$0.20 as of 1:58 p.m. EST on Friday.

On Tuesday (September 25), Inpixon announced that retail industry veteran Adam Benson has been appointed as chief technology officer and that Benson will lead its engineering teams.

Dasan Zhone Solutions

Shares of Dasan Zhone Solutions gained 20.86 percent during the week and were trading at US$14.40 as of 1:58 p.m. EST on Friday.

The company deals with network access solutions for both service providers and enterprise networks, and it provides a wide selection of technologies, including backhaul for mobile and broadband access.

Dasan didn’t provide any meaningful updates that would explain its share price hike last week.

Atomera

Atomera’s Mears Silicon Technology (MST) increases performance and power efficiency in semiconductor transistors.

The company’s shares were trading at US$5.91 as of 1:58 p.m. on Friday after it gained 17 percent over the week. On Tuesday, Atomera announced that it would be licensing its MST technology to Asahi Kasei Microdevices, with the agreement representing the first license revenue for Atomera and the beginning of commercial license business.

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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