5 Top Weekly NASDAQ Tech Stocks: Tech Stocks Bolster Wall Street

Concurrent Computer, Internet Gold Golden Lines, Datawatch, American Software, and Computer Task Group were last week's top gainers.

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The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) was on a roll again last week, rising 1.79 percent to reach 3,902.23 points points as of 1:39 p.m. EST on Friday (October 20).

On Friday, Reuters also reported that US tech and bank stocks elevated the stock markets on speculations that US President Donald Trump’s proposed tax cut plan “would make further headway,” so the NASDAQ’s second straight week of gains should come as no surprise.

To that end, last week’s 5 top gaining NASDAQ tech stocks were:

  • Concurrent Computer (NASDAQ:CCUR)
  • Internet Gold Golden Lines (NASDAQ:IGLD)
  • Datawatch (NASDAQ:DWCH)
  • American Software (NASDAQ:AMSWA)
  • Computer Task Group (NASDAQ:CTG)

Here’s a closer look at those companies.

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Concurrent Computer

First on our 5 top weekly NASDAQ tech stocks list is Concurrent Computer, a software solutions company that develops solutions through its Linux platform, and storage.  Its product lines range from Aquari Storage, Laguna Cache, Zephyr Origin, and Zephyr Transcode.

On that note, Concurrent announced on Thursday (October 19), that it had reached a milestone with the Zephyr Transcode product, highlighting that it is now established with customers in Asia, Europe and North America; the news no doubt bolstered Concurrent’s share price up, rising 11.32 percent to $6.50 as of 2:38 p.m. EST on Friday.

Internet Gold Golden Lines

Next is Internet Gold Golden Lines, a company founded in 1992 and headquartered in Israel.

The company’s main asset is a 65 percent interest in BCOM (NASDAQ:BCOM) that, through its subsidiary holds a controlling interest in Bezeq (TASE:BZEQ), a telecommunications provider in Israel.

That said, the company didn’t have any company news during the trading week which would describe its share price increase. Over the five-day period, shares of Internet Gold Golden Lines rose 7.86 percent to reach $8.22 as of 2:47 p.m. EST on Friday.

Datawatch

Middle of the pack on our 5 top weekly NASDAQ tech stocks round-up is Datawatch, the company that invented self-service data preparation.  The company designs, develops, markets, distributes and supports business computer software to visual data discovery markets in addition to self-service data preparation.

Datawatch’s range of products includes Monarch, Swarm, Server and Panopticon.

Last week shares of Datawatch rose 2.1 percent to $11.90 as of 2:51 p.m. EST on Friday, although there was no company news during the week that could relate to its share price movement.

American Software

Rounding out the 5 top weekly NASDAQ tech stocks list is American Software, a company that develops, markets and supports software and services in enterprise management, supply chain and retail planning solutions for the marketplace.

Last week shares of American Software increased 0.74 percent to $12.29 as of 2:59 p.m. EST on Friday.

Computer Task Group

Next is Computer Task Group, an IT solutions and staffing services company.  The company provides its services to a number of different markets, including healthcare and life sciences, diversified industrials, financial services, government, technology, and telecommunications.

That said, Computer Task Group also did not have any company news during last week’s trading period. Shares of Computer Task Group increased only slightly by 0.37 percent to $5.36 as of 2:55 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.

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The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) has been on a roll lately, rising 1.7 percent to reach 3834.44 points as of 3:18 p.m. EST on Friday (October 13).

Reuters reported on Friday that technology stocks helped Wall Street reach “record highs,” including tech mammoth Apple’s (NASDAQ:AAPL) shares.

With that in mind, some of last week’s top gaining NASDAQ tech stocks were:

  • ModusLink Global Solutions (NASDAQ:MLNK)
  • Iteris (NASDAQ:ITI)
  • Perion Network (NASDAQ:PERI)
  • Mind CTI (NASDAQ:MNDO)
  • Zix (NASDAQ:ZIXI)

Here’s a closer look at those companies.

Tech Forecast and Promising Tech Stocks To Buy in 2017

Learn about breakthrough technology about to impact lives around the globe. We cover the entire industry in our FREE investor’s report.   Gain Access

ModusLink Global Solutions

First on our top weekly NASDAQ tech stocks list is 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 that note, however, ModusLink didn’t have any news during the week to relate to its rising share price. Still, over the five-day period its stock rose 9.46 percent from $2.07 to reach $2.26 as of 3:38 p.m. EST on Friday.

Iteris

Next is Iteris, a company that provides information solutions for traffic management and global agribusiness markets.

While the company didn’t have any news during the trading week, reports suggested that investors of the company are feeling “bullish” on the company. Over the five-day trading period, shares of Iteris increased  4.8 percent from $7.50 to $7.86 as of 3:37 p.m.EST on Friday.

Perion Network

Middle of the pack on our 5 top weekly NASDAQ tech stocks list is Perion Network.

Based in Israel, Perion Network provides engagement and monetization solutions for web and mobile-web digital businesses. More specifically, its search division called CodeFuel helps developers optimize search traffic and generate revenue, while its advertising platform, MakeMeReach, grasps marketing campaigns and demands generation from a variety of social media platforms.  Perion’s other business solutions include Undertone, Grownmobile, IncrediMail, and Smilebox.

That being said, Perion Network also didn’t have any news during the week that could relate to its rising share price. Over the week Perion’s stock rose 4.35 percent to $1.20 as of 3:44 p.m. EST on Friday.

Mind CTI

Mind CTI provides real-time and offline billing and customer care software solutions, particular for communications providers, such as landline and wireless, voice over Internet Protocol, and broadband IP network operators, long-term evolution operators, cable operators, and mobile virtual network operators.

Last week, shares of Mind CTI increased 3.55 percent to $2.73 as of 3:46 p.m. EST on Friday.

Zix

Closing out the list is Zix, who provides email encryption, data loss prevention and bring-your-own-device security in order to meet business data protection.

For example, Zix’s email encryption allows for secure email exchanges that entail sensitive information through a secure messaging platform. Zix also offers a service called ZixDirectory, which is an email encryption community that is designed to share identities of its members.

Much like the other companies, Zix didn’t have any news during the trading week, although its share price still increased 1.73 percent to $5.29 as of 4:00 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.

Tech Forecast and Promising Tech Stocks To Buy in 2017

Learn about breakthrough technology about to impact lives around the globe. We cover the entire industry in our FREE investor’s report.   Gain Access

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Tech Forecast and Promising Tech Stocks To Buy in 2017

Learn about breakthrough technology about to impact lives around the globe. We cover the entire industry in our FREE investor’s report.   Gain Access
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