For the first time in a couple of weeks, the NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) took a slight hit, dropping 0.36 percent to 3,651.16 points as of 1:35 p.m. EST on Friday (September 22).
Despite the slight loss, Reuters reported on Friday that tech stocks have pulled $1 billion during the week up to Wednesday (September 20), its second largest inflow to date, according to data from Bank of American Merrill Lynch.
As a result, a number of tech stocks on the NASDAQ 100 Technology Sector have also returned positive gains during the trading week, including:
- Mattersight (NASDAQ:MATR)
- Limelight Networks (NASDAQ:LLNW)
- Evolving Systems (NASDAQ:EVOL)
- Sigma Designs (NASDAQ:SIGM)
- Planet Payment (NASDAQ:PLPM)
Here’s a closer look at those companies.
First on our 5 top weekly NASDAQ tech stocks is Mattersight, a company that provides behavioral analytics and personalty-based software products . Its insights can be provided in real-time connections between customers and agents. In particular, the company’s Software-as-a-Service products have been used in organizations that span from the financial services, healthcare, technology and telco.
Shares of Mattersight increased 15.31 percent last week to reach $2.83 as of 2:16 p.m. EST on Friday, although there was no company news during the trading week to describe its share price increase.
Next is Limelight Networks. The company is a premier content delivery network that provides organizations with solutions to deliver content across the internet, mobile, and social channels. Limelight’s solutions include file distribution, web content delivery, live video, and video on demand.
On Tuesday (September 19), the company announced it had introduced a risk-free trial of its Origin Storage services for 60 days with free assistance to move content from existing storage systems. As a result, it’s no surprise Limelight Networks’ shares were on the rise last week: over the five-day trading period, shares of Limelight increased 9.31 percent to reach $3.94 as of 2:29 p.m. EST on Friday.
Middle of the pack on last week’s 5 top weekly NASDAQ tech stocks list is Evolving Systems, a company that has been providing a wide range of software solutions for over 30 years. In particular, its portfolio of solutions range from: Real-time Lifecycle Marketing, Dynamic SIM Allocation, Tertio Service Activation, and Total Number Management.
On Monday (September 18), the company announced that a large North American customer had “optimized” its use of the Evolving Systems Customer Acquisition and Activation solution. This news, unsurprisingly, helped push Evolving Systems’ stock price up, if only slightly. During the week shares of Evolving Systems increased 2.31 percent to reach $4.66 as of 2:07 p.m. EST on Friday.
Next is list is Sigma Designs, a provider of integrated semiconductor solutions with a focus on offering media platforms for use in home entertainment and home control markets.
On Tuesday, Sigma Designs announced the launch of the Z-Wave Smart Home Maker Challenge app design contest for Makers and Developers. With that announcement, shares of Sigma Designs rose 1.69 percent last week to $6.00 as of 2:51 p.m. EST on Friday.
Closing out the 5 top weekly NASDAQ tech stocks list is Planet Payment. The company provides international payment and transaction processing together with multi-currency processing. The company has been in the business since 1999, and has grown to delivering its payment solutions to 71 financial services all around the world. In particular, Planet Payment’s services are currently being used in 103,000 merchant locations in 23 countries that span the Asia Pacific region, the Americas, the Middle East, Africa and Europe.
Last week, shares of Planet Payment increased 1.61 percent to $4.41 as of 2:40 p.m. EST on Friday, although there was no related news during the trading week.
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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.