5 Top Weekly NASDAQ Tech Stocks: Top Image Systems Up 60 Percent

Which NASDAQ tech stocks gained the most last week? We run through the five biggest gainers in this article.

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (February 4) at 7,266.28 points and reached its high of 7,406.62 points on Tuesday (February 5).

However, the index declined in the following days and settled at 7,262.72 points as of 1.18 p.m. EST on Friday (February 8).

Meanwhile, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) started the week on Monday at 4,186.75 points and reached its high of 4,329.17 points on Wednesday (February 6). However, the index declined and settled at 4,221.13 points as of 1.18 p.m.on Friday.

Google’s (NASDAQ:GOOGL) parent company Alphabet released on Monday its fourth quarter and fiscal year 2018 results where it announced a 23 percent revenue growth on a year-over-year basis. The Verge highlighted that the company suffered US$1.3 billion in operating losses on “other” businesses.

Meanwhile, on Monday Slack announced that it has “confidentially” filed to go public with its listing scheduled to take place after the Securities and Exchange Commission reviews the application. Reuters reported that the popular messaging service is hoping to fetch a valuation of US$10 billion in its initial public offering.

In terms of the small and mid-cap companies, over 100 companies were on the rise last week, including Top Image Systems (NASDAQ:TISA) which had a 60.24 percent increase. The top five gainers last week are as follows:

  • Top Image Systems
  • eGain (NASDAQ:EGAN)
  • Internet Gold Golden Lines (NASDAQ:IGLD)

Here’s a look at those companies and what may have moved their share prices:

Top Image Systems

Top Image Systems is an innovator of on-premise and cloud-based applications that streamlines business process such as procure to pay operations, remittance processing and integrated receivables.

On Monday, the company announced that it signed a definitive agreement to be acquired by Kofax for US$0.86 per in cash per share. The price from Kofax, a leading supplier supplier of automation software, represents a 65 percent premium over the volume weighted average price in the last 30-day period.

Shares of Top Image Systems settled to trade at US$0.82 as of 2 p.m EST on Friday.


Second on the list is CLPS, a company engaged in information technology consulting and solutions for the banking, insurance and financial sectors.

The company announced on Tuesday that it has increased its stake in Lihong Financial Information Services, an online lending platform company from 2.7 percent to 36.8 percent.

Shares of CLPS gained over 51 percent last week and settled to trade at US$10.97 as of 2 p.m. EST on Friday.


A provider of cloud customer engagement solutions, eGain rose 45 percent in the week to reach t US$10.21 as of 2 p.m. EST on Friday.

On Thursday (February 7), eGain reported revenues of US$17.7 million for its second quarter results for the period ended on December 31, 2018. The total revenue represented a 15 percent year-over-year increase, while its software-as-a-service revenue was US$11.9 million, representing a 53 percent jump compared to same period in 2017.


PCM, a company focused on providing technology solutions including hardware, software and services to small medium enterprise businesses and to state, local and federal governments is fourth on our list.

PCM’s stock rose 34 percent last week to trade at US$29.01 as of 2 p.m.EST on Friday.

On Wednesday, PCM announced its fourth quarter and full year results where it reported that its gross profit increased six percent to US$84.8 million in the quarter and US$343.9 million for the full fiscal year.

Internet Gold Golden Lines

Internet Gold Golden Lines gained over 29 percent in the week and settled to trade at US$0.85 as of 2 p.m. EST on Friday.

The telecommunications company, which is a controlled subsidiary of Eurocom Communications, holds controlling interest in B Communications (NASDAQ:BCOM), which in turns holds a controlling interest in Bezeq (TLV:BEZQ), another telecommunication group in Israel.

On Monday, Internet Gold Golden Lines announced that its board of directors are looking at all “potential avenues” to offload the company’s position in B Communications.

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: Strong Week Amid Chaos

By Bala Yogesh, February 3, 2019

The NASDAQ Composite Index (INDEXNASDAQ:.IXIC) started the week on Monday (January 28) at 7,075.01 points and inched higher throughout the week to settle at 7,280.89 points as of 12.29 p.m., EST on Friday (February 1).

Similarly, the NASDAQ Technology Index (INDEXNASDAQ:NDXT) had a strong week with it starting the week on Monday at 3,989.51 points and settling to trade at 4,193.53 points as of 12.29 p.m., EST on Friday.

The week started with a revelation of a major FaceTime bug that enabled people to hear the audio of the person they were calling, even before they answered the call. On its part, Apple (NASDAQ:AAPL) disabled the Facetime group calling and promised to roll out a software fix for “later in the week.” However, the company in a statement to MacRumors said that they have delayed the fix to next week.

Meanwhile, it has been said that the bug was reported to Apple a week before it emerged in the media. Lambert Avocat, a Montreal based law firm has filed for a class action lawsuit with the Superior Court of Quebec over the bug.

Apple continued to remain in the news as it banned Facebook (NASDAQ:FB) from running its internal iOS apps after it emerged on Tuesday (January 29) that the social networking giant has been paying teens to install an app which spies on them. However, in a statement to The Verge on Thursday (January 31), Facebook said that Apple has restored its ability to run internal apps on iOS.

Likewise, Google (NASDAQ:GOGL) was also running an app called Screenwise which monitored how people use the internet and was on the similar lines to Facebook’s app. Apple on Thursday blocked the app.

In the small and mid-cap space, over 215 companies gained in the week including Integrated Media Technology (NASDAQ:IMTE) that gained 48 percent in the week. Other stocks that gained include:

  • Integrated Media Technology
  • Bio-Key International (NASDAQ:BKYI)
  • Helios and Matheson Analytics (NASDAQ:HMNY)
  • One Horizon Group (NASDAQ:OHGI)

Integrated Media Technology

Integrated Media Technology (IMT) is a media system integration and video collaboration collaboration company and its stock settled to trade at US$9.80 as of 1.30 p.m, EST on Friday.

The company serves numerous industries including telecommunications, media and entertainment with its operations primarily focused on three businesses including IT services, video collaboration and consulting and systems integration business.

However, the company hasn’t provided any significant updates that explained its price hike in the week.

Bio-Key International

Second on the list with a gain of 26.88 percent in the week is Bio-Key International with its stock settling to trade at US$1.51 as of 1.30 p.m., EST on Friday.

The company is a provider biometric authentication and security solutions that serves an alternative to passwords, pins, tokens and cards.

Bio-key on Wednesday (January 30) announced that a global security and aerospace company had purchased Bio-Key’s fingerprint reader solutions in support of the aerospace company’s roll out Microsoft (NASDAQ:MSFT) Windows 10 and Windows Hello for Business.

Helios and Matheson Analytics

Helios and Matheson is a company that offers solutions on a range of informational technology services including big data, artificial intelligence and business intelligence.

The company in a filing with the Securities and Exchange Commission (SEC) on Tuesday revealed that it had set a meeting on March 15, 2019 for its shareholders. The meeting is for a proposed reverse stock split at a ratio of 1-for-2 for upto 1-for-500 shares.

The stock gained 26.14 percent in the week and settled to trade at US$0.01 as of 1.30 p.m., EST on Friday.

One Horizon Group

Fourth on our list with a gain of 25 percent in the week is One Horizon Group with its stock settling to trade at US$0.13 as of 1.30 p.m., EST on Friday.

The company is engaged in media and digital technology acquisition and owns Love Media House which is focused on music production and digital media business. Also part of OHGI are Horizon Secure Messaging, an Asia-based secure messaging business and Banana Whale Studios, a gaming software development company.

However, the company hasn’t provided any significant updates that explained its price hike in the week.


CLPS, a company engaged in the information technology (IT) consulting and solutions for the banking, insurance and financial sectors is fifth on our list.

The stock gained 25 percent in the week and settled to trade at US$7.28 as of 1.30 p.m., EST on Friday.

However, the company hasn’t provided any significant updates that explained its price hike in the week.

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

Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.


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Catch up and get informed with this week's content highlights from Charlotte McLeod, our editorial director.

Top Stories This Week: Powell Gets Fed Nomination, Using Gold in a Market Correction youtu.be

We're back after a break last week with quite a bit to cover in the gold space.

After running up past the US$1,860 per ounce mark midway through November, the yellow metal has taken a tumble. At the time of this writing on Friday (November 26) afternoon, it was sitting just under US$1,790.

Gold's losses this week have been attributed to elements like a stronger US dollar and better Treasury yields, although Jerome Powell's US Federal Reserve chair renomination has pulled other factors into play — some market watchers believe he may move to taper and raise interest rates faster than anticipated.

If the Fed follows its previously laid out timeline for tapering, it will wrap up in mid-2022; the central bank has said it won't raise rates until after that. It has also emphasized that its roadmap may change if necessary.

Looking at the larger picture for gold, I heard recently from Nick Barisheff of BMG Group, who believes the stock market is due for a major correction.

"The market is due for a major correction. What will cause it and when it will happen is anybody's guess — it could be tomorrow, it could be six months from now" — Nick Barisheff, BMG Group

It's impossible to know when this correction will happen, but Nick emphasized the importance of acting before it's too late. He pointed out that investors are typically slow to get out of the market once a crash actually begins — they wait for a turnaround, and by the time it's clear there won't be one, they've experienced big losses.

In his opinion, the solution is to get out of the stock market early and transfer money into gold.

Here's how Nick explained it:

"Instead of taking your money off the table and going into cash … you go to gold (because cash is devaluing daily). Gold will at least hold its own and probably appreciate … so by sitting it out in gold you can wait until the market finishes correcting and then buy back in" — Nick Barisheff, BMG Group

With gold's future in mind, we asked our Twitter followers this week what price they think the metal will be at the end of 2021. By the time the poll closed, most respondents had voted for the US$1,800 to US$1,900 range.

We'll be asking another question on Twitter next week, so make sure to follow us @INN_Resource or follow me @Charlotte_McL to share your thoughts.

Finally, in the cannabis space, INN's Bryan Mc Govern spoke with Dan Ahrens of AdvisorShares to get his thoughts on 2021 trends and what's ahead in 2022.

Dan was candid, and said if he had to choose one word to describe the cannabis market in 2021, it would be "painful." Like many others, he's been disappointed in the industry's performance — while positivity initially ran high due to excitement about potential federal changes in the US, ultimately progress has been slow.

"Cannabis started with a big run-up in January and February ... and things dragged from there" — Dan Ahrens, AdvisorShares

Still, Dan has hope for 2022 and said it will be a "huge year" for cannabis. He believes US reforms will come sooner rather than later, and in his opinion those widely anticipated changes will bring a wave of M&A activity.

Specifically, he expects to see alcohol, tobacco and other consumer packaged goods companies making deals with cannabis players, not just cannabis entities doing transactions with each other.

"Those big alcohol companies, tobacco companies, other consumer packaged goods product companies — they're waiting. They're waiting on the US" — Dan Ahrens, AdvisorShares

Want more YouTube content? Check out our YouTube playlist At Home With INN, which features interviews with experts in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.

And don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

cannabis plant layered with German flag graphic
Dmytro Tyshchenko / Shutterstock

Catch up on some of the biggest news of the week for the cannabis investment world.

Three political parties have formed a coalition in Germany, leading to a new government, and it has promised cannabis reform in the European nation.

Meanwhile, a popular cannabis retailer confirmed consumers will now find its products available for delivery on the Uber Eats mobile application in Ontario.

Keep reading to find out more cannabis highlights from the past five days.

Coalition of parties promises forward-looking cannabis policy

Germany, a country with comprehensive and elaborate medicinal rules for cannabis, is in a time of transition as a new government is set to begin to take over after 16 years of Angela Merkel.

Olaf Scholz, the proposed next chancellor of Germany, leads a three party coalition that will become the country's governing body. As part of its promises, talk of adult-use cannabis regulation has now gained even more momentum. A report from MJBizDaily quotes a German policy document that shows the coalition's stance:

"We are introducing the controlled distribution of cannabis to adults for consumption purposes in licensed shops. This controls the quality, prevents the transfer of contaminated substances and guarantees the protection of minors."

However, despite the promise and excitement, it remains to be seen how these ideas will be applied since no formal regulations have been drafted or approved yet.

Canadian cannabis retailer partners with popular delivery app

Tokyo Smoke, a cannabis retail operator in Canada owned by Canopy Growth (NASDAQ:CGC,TSX:WEED), announced a collaboration agreement with Uber Canada (NYSE:UBER) whereby cannabis consumers will be able to use the Uber Eats app to order products before they visit stores.

While the app won't let consumers get cannabis delivered to them, this new method opens the doors to more dynamic ways of buying cannabis.

"As a market leader in innovation and a platform used by so many Canadians, we believe this is the ideal next offering that can be done safely and conveniently on the Uber Eats app," Mark Hillard, vice president of operations with Tokyo Smoke, said in a press release.

A report from the Canadian Press indicates Ontario is considering allowing dispensaries to have delivery and pickup options made available to consumers permanently. The province allowed some of these purchasing options at the outset of the COVID-19 pandemic, but then removed them.

Lola Kassim, general manager of Uber Eats Canada, said this new end-to-end experience will provide consumers with responsible access to legal cannabis products.

Cannabis company news

  • Organigram Holdings (NASDAQ:OGI,TSX:OGI) issued financial results for its Q4 2021 period. In its report, the company notes a net loss of C$26 million despite a 22 percent uptick in net revenue to C$24.9 million. Beena Goldenberg, the newly appointed CEO of the firm, is encouraged by the market share position earned by the company, which said it became the fourth biggest producer in Canada during the reporting period.
  • Halo Collective (NEO:HALO,OTCQB:HCANF) confirmed the decision for Akanda, its spinoff company focused on international cannabis opportunities, to begin trading on a US exchange. "The number of shares to be offered and the price range for the proposed offering have not yet been determined," the company told investors in a press release.
  • High Tide (NASDAQ:HITI,TSXV:HITI) announced the acquisition of 80 percent of NuLeaf Naturals, a CBD product wellness developer, for an estimated US$31.24 million. The deal includes a three year option clause for High Tide to complete a total acquisition. "As international markets open up and as export regulations evolve, NuLeaf's cGMP-certified facility positions us to take advantage of the global CBD business opportunity," Raj Grover, president and CEO of High Tide, said.
  • Humble & Fume (CSE:HMBL,OTC Pink:HUMBF) released the financial report for its first 2022 fiscal quarter to shareholders and the market. "As the legal cannabis market in North America continues to mature, Humble remains agile and focused on providing a leading solution for brands to scale quickly and retailers to focus on their customers," Joel Toguri, CEO of Humble, said.

Don't forget to follow us @INN_Cannabis for real-time updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.


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