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

- February 10th, 2019

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
  • CLPS (NASDAQ:CLPS)
  • eGain (NASDAQ:EGAN)
  • PCM (NASDAQ:PCMI)
  • 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.

CLPS

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.

eGain

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

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)
  • CLPS (NASDAQ:CLPS)

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

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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