5 Top Weekly NASDAQ Tech Stocks: Netlist Climbs 135 Percent

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started last week at 8,087.95 points on Tuesday (September 4) and dipped slightly throughout the week to settle at 7,909.94 points as of 1.15 p.m. EST on Friday (September 7).

Similar fate awaited NASDAQ Technology Index (INDEXNASDAQ:NDXT), with the index starting the week at 4,391.25 points on Tuesday and settling at 4,269.65 points as of 1.20 p.m, EST on Friday.

Despite the week only being a four day trading period, there were some high profile stories throughout the week. Some include that of Twitter (NYSE:TWTR) CEO and Facebook (NASDAQ:FB) COO appearing before the senate to testify the influence foreign powers have on their platforms.

Notably, Google (NASDAQ:GOOGL) was set to be part of this hearing but the senators were upset with Google as they sent a lower level representative.

On Thursday (September 6), Google sent out invitations for an event on October 9 where its next generation Pixel lineup is expected to be unveiled. Meanwhile, Microsoft (NASDAQ:MSFT) on Friday, sent out invitations for its own event on October 2 where next generation Surface products along with software refreshes are expected to be revealed to the public.

For both these companies, hardware is a crucial part of their financials with Microsoft’s Surface lineup contributing US$1 billion in revenue as revealed in recent quarter results.

While the week’s spotlight was on big companies, several small and mid-cap companies gained over the course of the week with shares of Netlist (NASDAQ:NLST) increasing over 135 percent in the four day trading period. The five top companies that gained over the course of the week include:

• Netlist
• RumbleOn (NASDAQ:RMBL)
• AudioEye (NASDAQ:AEYE)
• Inseego (NASDAQ:INSG)
• Professional Diversity Network (NASDAQ:IPDN)

Netlist

Netlist is a provider of high performance solid state drivers and modular memory subsystems to enterprise customers with its solutions enabling customers to accelerate data and storage.

On Thursday, Netlist got a favorable order from United States International Trade Commission (ITC) in its battle against SK Hynix. The construction order based on which the final order would be served sided with the company and could ultimately be ruled that SK Hynix could have infringed the patents held by Netlist.

Over the week, the company’s shares increased by an impressive 135 percent to trade at US$0.28 as of 1.58 p.m. EST on Friday.

RumbleOn

Second on the list in RumbleOn, a company that operates an e-commerce platform that facilitates buying, selling and trading of pre-owned vehicles.

The company gained 25 percent in the week with its shares reaching US$9.60 as of 1.58 p.m. EST on Friday. That said, the company didn’t have any news over the course of last week’s trading period.

AudioEye

Middle of the pack on last week’s five top weekly NASDAQ tech stocks list is AudioEye. The company through its patents identifies and resolves issues of accessibility and enhances the digital experience.

The company’s shares gained 20 percent in the week after it announced on Tuesday that its shares have begun trading on NASDAQ Capital Market Exchange.

The cloud based software-as-a-Service (SaaS) company was trading at US$8.43 as of 1.58 p.m. EST on Friday.

Inseego

Next is Inseego with a share price increase of 17.59 percent over the week.

The company enables high performance mobile applications for large enterprise verticals, service providers and small-medium businesses around the globe and was trading at US$3.79 as of 1.58 p.m. EST on Friday.

On Thursday, the company announced that it has expanded its 5G technology leadership as it is set to showcase its industry leadership at the upcoming Mobile World Congress Americas. The event is set to take place next week between September 12 to September 14.

Professional Diversity Network

Last is Professional Diversity Network, a developer and operator of networks that provide access to networking, training and employment opportunities for diverse individuals. Shares of the company rose 16 percent over the week.

The stock was trading at US$3.25 as of 1.58 p.m. EST on Friday. However, the company didn’t provide any meaningful 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.

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

5 Top Weekly NASDAQ Tech Stocks: Bridgeline Gains 35 Percent

By Bala Yogesh, September 2, 2018

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started last week at 7,989.64 points on Monday (August 27) and settled at 8,098.24 points as of 1.30 p.m EST on Friday (August 31).

On the other hand, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week at 4,407.79 points and reached a high of 4,455.02 points on Wednesday (August 29) before settling in at 4,414.47 points as of 1.30 p.m. EST on Friday (August 31).

Oone of the big stoies last week was Facebook (NASDAQ:FB) announcing on Wednesday that its Watch Video platform will be rolling out globally. The company is already competing with Google’s (NASDAQ:GOOGL) YouTube and Netflix (NASDAQ:NFLX) through its IGTV app.

The week also saw 124 small and mid-cap companies through the course of five day trading period with share price increases, including Bridgeline Digital (NASDAQ:BLIN) gaining over 35.56 percent. Other stocks that made it in the top five weekly NASDAQ tech stocks list include:

• Bridgeline Digital
• PixelWorks (NASDAQ:PXLW)
• RumbleON (NASDAQ:RMBL)
• SilverSun Technologies (NASDAQ:SSNT)
• IZEA Worldwide (NASDAQ:OIIM)

Bridgeline Digital

Bridgeline Digital is engaged with maximising the performance of its customers digital experience. Bridgeline’s unbound platform helps its users to deeply integrate web content management, ecommerce among other things to increase the engagement.

The company gained 35.56 percent in the week and was trading at US$1.22 as of 1.30 p.m. EST on Friday.

On Thursday (August 30), the company announced that a procurement services provider has picked Bridgeline’s Insights as their website analytics solution.

Pixelworks

Pixelworks is a company that develops and markets visual display processing and advanced video delivery solutions for the highest quality applications.

The company’s shares gained 24.70 percent and was trading at US$5.37 as of 1.30 p.m. EST on Friday. However, the company had no notable announcements that explained its share price increase.

RumbleOn

RumbleOn is third on the list after shares of the company rose by 21.12 percent throughout the week and was trading at US$8.12 as of 1.30 p.m.,EST on Friday.

The company operates an ecommerce platform that facilitates buying, selling and trading of pre-owned vehicles. 

Like other stocks on the list, the company did not provide any meaningful updates that explained its share price hike.

Silversun Technologies

The company is a business technology and consulting company solutions to its clients’ needs with a focus on information technology and cybersecurity.

Although the company did not have any news to share last week, its share price increased by 18.39 percent to trade at US$4.14.

IZEA Worldwide

Shares of IZEA Worldwide increased by 17 percent last week to trade at US$1.72 as of 1:30 p.m. EST on Friday. The company has an online marketplace and connects brands with influential content creators.

On Wednesday, IZEA announced that it has expanded its relationship with Fortune 10 customer. 

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.