5 Top Weekly NASDAQ Tech Stocks: Tech Stocks Make up a Quarter of Stock Market for First Time Since 2000

The NASDAQ Composite (INDEXNASDAQ:.IXIC) had a rough week last week, dropping by 2.65 percent to 7,163.70 points as of 11:27 a.m. EST on Friday (March 2). The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) also suffered a similar fate, dipping by 1.85 percent to sit at 4,145.89 points as of 11:28 a.m. EST on Friday.

Despite last week’s decrease, CNBC reported on Wednesday (February 28) positive news about the overall tech stocks industry, stating that the tech industry now makes up over a quarter of the stock market–its highest number since November 2000. CNBC also stated that tech stocks as a whole are up 8.4 percent this year, “leaving all other sectors in the dust.”

Although both NASDAQ indexes were down last week, a number of tech stocks were in the green, including:

• RealNetworks (NASDAQ:RNWK)
• Intevac (NASDAQ:IVAC)
• Attunity (NASDAQ:ATTU)
• Cyren (NASDAQ:CYRN)
• Computer Task Group (NASDAQ:CTG)

Here’s a closer look at those companies.

RealNetworks

First on our top weekly NASDAQ tech stocks list is RealNetworks. RealNetworks is a provider of Internet streaming media delivery software and services.  Its products and services range from: Gamehouse, Real Media HD, Real Player, Computer Vision, KonTXT, Mobile Carrier Services, and RealTimes.

On Sunday (February 25), the company announced that it has entered the next phase of its strategic partnership with China International Broadcasting Network–which no doubt contributed to its rising share price over the five-day trading period. As of 12:04 p.m. EST on Friday, shares of RealNetworks had increased 14.55 percent over the week to reach $3.12.

Intevac

Next is Intevac. The company is a provider of vacuum deposition equipment for thin-film applications and digital night-vision technologies and products with a focus on the defense industry.

The company announced on Thursday (March 1) that it will be participating in the 14th International Conference and Exhibition on Device Packaging, which may have contributed to its rising share price over the week. As of 12:06 p.m. EST on Friday, shares of Intevac were $6.65, representing a 7.26 percent increase over the week.

Attunity

Middle of the pack on our top weekly NASDAQ Tech stocks list is Attunity, a company that provides big data management software solutions that enable access, management, sharing and distribution of data across heterogeneous enterprise platforms, organizations and the cloud.

Its products include: Replicate, Compose, Gold Client, and Visibility to name a few. On the other hand, Attunity’s solutions range from Hadoop and Big Data, Data Warehousing, Database, Cloud and SAP.

Attunity revealed on Wednesday that it will be presenting a session called “Fortune 100 Lessons: Architecting Data Lakes for Real-time Analytics/ AI” at the Gartner Data & Analytics Summit in Grapevine, Texas on Monday (March 5), which may have impacted its share price over the week. As of 11:31 a.m EST on Friday, shares of Attunity were $7.39–a 6.91 percent increase over the week.

Cyren

Cyren is a company currently developing and marketing information security solutions for protecting Web, e-mail and mobile transactions. More specifically, its security solutions that mitigate cyber threats, malware attacks, information leaks, legal liability and productivity loss through the application of cyber intelligence.

On Monday (February 26), Cyren announced that its Cyren Email Security solution won the 2018 Cybersecurity Excellence Award for Best Email Security, which no doubt helped its share price movement over the week. As of 11:55 a.m. EST on Friday, shares of Cyren had increased 5.58 percent over the week to $2.21.

Computer Task Group

Computer Task Group rounds out our top 5 weekly NASDAQ tech stocks, which slid from the top spot the week before.

Computer Task Group is an IT services provider company with operations in North America and Europe.  Computer Task Group provides its service to a wide range of industries, including: pharmaceuticals, oil and gas; manufacturing and logistics; steal and automotive; banking; finance; securities and insurance; government; the technology sector, with a focus on hardware, software, service providers, and corporate users of external IT resources; and communications service providers.

That said, Computer Task Group didn’t have any news during last week’s trading period. Still, its share price moved up by 4.83 percent to reach $7.83 as of 12:51 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.

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

5 Top Weekly NASDAQ Tech Stocks: Computer Task Group Boosted by Q1 Estimates

By Jocelyn Aspa, February 25, 2018

The NASDAQ Composite (INDEXNASDAQ:.IXIC) had another solid week last week, rising slightly by 0.34 percent to reach 7,266.83 points as of 1:14 p.m. EST on Friday (February 23). The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) was also in the plus, increasing by 0.90percent to sit at 4,174 points as of 1:15 p.m. EST on Friday.

On Friday, Reuters reported tech stocks–and Wall Street in general–made positive gains likely as a result of interest rates concerns.

That said, a number of tech stocks on the NASDAQ last week were also on the rise, including:

• Computer Task Group (NASDAQ:CTG)
• Synchornoss Technologies (NASDAQ:SNCR)
• American Software (NASDAQ:AMSWA)
• ModusLink Global Solutions (NASDAQ:MLNK)
• NetSol Technologies (NASDAQ:NTWK)

Here’s a closer look at those companies.

Computer Task Group

First on our top weekly NASDAQ tech stock is Computer Task Group, an IT services provider company with operations in North America and Europe.  Computer Task Group provides its service to a wide range of industries, including: pharmaceuticals, oil and gas; manufacturing and logistics; steal and automotive; banking; finance; securities and insurance; government; the technology sector, with a focus on hardware, software, service providers, and corporate users of external IT resources; and communications service providers.

It was a busy week for Computer Task Group, whose biggest news of the week was its Q4 2017 financial results on Tuesday (February 20), highlighting revenue of $74.6 million during the quarter. As such, it’s no surprise the company is at the top of the list this week, whose share price increased 40.23 percent to reach $7.32 as of 1:54 p.m. EST on Friday.

Synchronoss Technologies

Synchronoss Technologies makes the list for the second week in a row–and as the second top gaining stock of the week. The company helps its clients create revenue, reduce costs and deliver cloud, messaging and digital products.

On Thursday (February 22), the company announced it had joined AT&T Smart Cities to implement its digital and IoT products in cities around the world, including its digital, messaging, cloud and IoT technologies. The news no doubt helped push Synchronoss’ share price in the latter part of the week, which increased 32.52 percent to reach $9.26 as of 2:06 p.m. EST on Friday.

American Software

Middle of the pack on our top weekly NASDAQ tech stocks list is American Software. The company develops, markets and supports software and services in enterprise management, supply chain and retail planning solutions for the marketplace.

American Software also released financial results on Thursday, reporting its preliminary Q3 fiscal 2018 financials and highlighting total revenues for the quarter ended January 31 were $30.1 million–a 14 percent increase year-over-year.  Thursday’s announcement was likely a contributing factor to American Software’s share price increase over the week, which rose 12.15 percent to reach $12.80 as of 2:17 p.m. EST on Friday.

ModusLink Global Solutions

ModusLink provides services through its subsidiaries, ModusLink Corporation and ModusLink PTS and provides services to industries such as electronics, communications, computing, software, storage and retail industries.

On Tuesday, the company announced that its subsidiary, ModusLink Corporation, has experienced levels of growth through its digital commerce sector. Over the week shares of ModusLink increased 9.87 percent to reach $2.45 as of 2:17 p.m. EST on Friday.

NetSol Technologies

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.

That said, NetSol Technologies is the only company on this week’s list that didn’t have any news over the week. Still, its share price increase is worth noting, which rose 4.35 percent to reach $4.80 as of 2:13 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.