5 Top Weekly NASDAQ Tech Stocks: Tech Stocks Attract Most Cash Since 2000, Report Says

The NASDAQ Composite (INDEXNASDAQ:.IXIC) was in the green again last week, increasing by 1.81 percent to 7,469.12 points as of 1:43 p.m. EST on Friday (January 26). The story is similar for the NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT), which rose 0.73 percent to reach 4,259.26 points as of 1:44 p.m. EST on Friday.
On (throwback) Thursday (January 25), Reuters reported that tech stocks have attracted the “most cash” since the start of the millennium, stating that that industry tech leaders are “mostly profitable” and building advantages that have proven to challenge other industries.
Last week, a number of microcap tech stocks were also on the rise, namely:

• Internap (NASDAQ:INAP)
• Computer Task Group (NASDAQ:CTG)
• Magic Software (NASDAQ:MGIC)
• Bsquare (NASDAQ:BSQR)
• Evolving Systems (NASDAQ:EVOL)

Here’s a closer look at those companies.

Internap

First on our top weekly NASDAQ tech stocks list is Internap, who is no stranger to this list.
Internap provides internet infrastructure through its Colocation Business and Enterprise Services that range from colocation, network connectivity, IP, bandwidth and managed hosting, as well as Cloud Services.  The cloud services include enterprise-grade AgileCLOUD, bare-metal servers, and SMB iWeb platforms.
That said, however, Internap didn’t have any news during last week’s trading period. Still, over the five-day week, shares of Internap increased 5.27 percent to $16.36 as of 2:35 p.m. EST on Friday.

Computer Task Group

Next is Computer Task Group, an information technology solutions and staffing services company, with a focus on providing IT services to its clients.
More specifically, the services Computer Task Group provides under the IT umbrella include the IT business solution life cycle, such as phases for planning, developing, implementing, managing and maintaining the IT solution.
Much like Internap, Computer Task Group didn’t have any related news during last week’s trading period, although its rising share price is still worth noting. Over the week shares of Computer Task Group were up 3.93 percent to $5.29 as of 2:33 p.m. EST on Friday.

Magic Software

Middle of the pack is Magic Software, a company that provides application development, business process integration platforms, vertical software solutions and other services.
Magic Software’s integration platforms range from the Magic xpi Integration Platform, Magic xpc iPaaS, while its App Development Platform includes the Magic xpa Application Platform and Magic xpa Free Platform,
Much like the other two companies listed above, Magic Software did not have any related news on its website during last week’s trading session. Still, however, its share price was on the rise, moving up by 3.74 percent to $9.03 as of 2:56 p.m. EST on Friday.

Bsquare

Here we have Bsquare, a provider of software solutions. Bsquare’s flagship product, DataV, is an internet-of-things (IoT) software service that monitors device data, automate processes, and predicts events, to name a few.
That said, Bsquare also didn’t have any news last week to relate to its share price. Still, over the five-day period its stock price increased 2.86 percent to $4.40.

Evolving Systems

Closing out the top five NASDAQ tech stocks list is Evolving Systems, who has been developing, delivering and assisting technology and vendor independent software solutions since the mid-80s.
On Friday, Evolving Systems announced the launch of its enhanced digital engagement solution, which may have been a contributing factor to its rising share price. Over the five-day trading period shares of Evolving Systems increased by 0.92 percent to reach $5.50
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**

The NASDAQ Composite (INDEXNASDAQ:.IXIC) was in the green again last week, increasing by 1.69 percent to 7,331.40 points as of 2:20 p.m. EST on Friday (January 19). The story is similar for the NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT), which gained 2.76 percent to reach 4,223.41 points as of 2:21 p.m. EST on Friday.
On Wednesday (January 17), Reuters reported that–overall–tech stocks have benefited Wall Street over the last week, which isn’t surprising given the increase both the NASDAQ Composite and NASDAQ 100 Technology Sector felt over the five-day trading period.
A number of microcap tech stocks were also on the rise last week, including:

• Support.com (NASDAQ:SPRT)
• Internet Gold-Golden Lines (NASDAQ:IGLD)
• Mattersight (NASDAQ:MATR)
• eGain (NASDAQ:EGAN)
• JMU (NASDAQ:JMU)

Here’s a closer look at those companies.

Support.com

The top NASDAQ tech stock last week was Support.com, a provider of cloud-based software services through the following ways: its Support.com Cloud, which helps companies boost agent productivity, and its technology support services programs, which helps brands in cable, retail, and software to create revenue streams and strengthen customer relationships.
On Thursday (January 18), the company released a statement reminding investors of its net operating loss carryforwards and tax benefits preservation plan, which may have helped bolster its share price.  Over the five-day period, shares of Support.com increased 10.40 percent to reach $2.76 as of 2:32 p.m. EST on Friday.

Internet Gold-Golden Lines

Next is Internet Gold is a telecommunications-oriented holding company which is a controlled subsidiary of Eurocom Communications.
That being said, Internet Gold-Golden Lines didn’t have any news during last week’s trading period. Still, its share price increased 9.68 percent to reach $10.53 as of 12:36 p.m. EST on Friday.

Mattersight

Middle of the pack is Mattersight, a company that offers brands services to create chemistry with their customers through shorter conversations that increase loyalty for call centers.
On Thursday, Mattersight announced that Frank Suljic, its vice president of strategic sales, had been named to Customer Contact Week’s Advisory Board–which may have impacted Mattersight’s share price. Over the five-day trading period, shares of Mattersight increased 9.09 percent to $3.00 as of 3:06 p.m. EST on Friday.

eGain

Next is eGain, a company offering cloud-based and on-site customer engagement software solutions across the web, social and phone channels.
eGain announced on Wednesday (January 17), that Waddell & Reed Financial (NYSE:WDR) had selected eGain’s platform, eGain Solve to provide omnichannel customer service. As a result, shares of eGain increased 3.51 percent to reach $5.90 as of 3:10 p.m. EST on Friday.

JMU

Rounding out the 5 top weekly NASDAQ tech stocks list is JMU, a company that operates China’s biggest online foodservice platform that provides business-to-business services to foodservice providers and consumers. According to the company website, JMU hopes to “cultivate traditional offline foodservice businesses using internet tools to create value for foodservice companies, brand suppliers and customers.”
Over the five-day trading period, shares of JMU increased 1.77 percent to $1.15 as of 3:19 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.