5 Top NASDAQ Tech Stocks: ModusLink Global Solutions Makes Gains to Lead

The NASDAQ Technology Sector (INDEXNASDAQ:NDXT) had a good week, though closed for trading on Monday, and was up 0.29 percent to end the week at 2,930.18 points by market close on Friday. 
The new year has been ushered in with a ton of technology news, as the world descends on Las Vegas for the annual global consumer electronics and consumer technology tradeshow, CES. Trump’s presidency is fast approaching and his strained relationship with tech leaders has been ranked as one of the biggest risks of 2017, in a report by Eurasia Group.
Despite remaining uncertainty surrounding the Trump presidency, here are last week’s top NASDAQ tech stocks in the computer software and processing industry, using YTD figures:

• ModusLink Global Solutions (NASDAQ:MLNK)
• Internap (NASDAQ:INAP)
• VocalTec Communications (NASDAQ:CALL)
• Sohu.com (NASDAQ:SOHU)
• Perion Network (NASDAQ:PERI)

Here is a closer look at last week’s top gainers, taking their year-to-date performances:

ModusLink Global Solutions

ModusLink Global Solutions delivers supply chain and logistics services to improve clients’ revenue, cost, sustainability and customer experience objectives through its subsidiaries ModusLink Corporation and ModusLink PTS. They recently won Supply & Demand Chain Executive’s 2016 Green Supply Chain Award.
Shares of ModusLink gained 35.62 percent year-to-date, and ended the week at $1.98 per share.

Internap

Internap is a provider of internet infrastructure services. It operates through two segments: Data Center Services and Internet Protocol Services. They offer availability across a global network of data centers and services backed by service level agreements (SLAs). They recently provided an initial 2017 forecast, reflecting a focus on profitable growth.
Shares of Internap gained 16.23 percent year-to-date, and ended the week at $1.79 per share.

VocalTec Communications

VocalTec Communications is a cloud communications company that provides magicJack devices and other magicJack products and services, such as magicJack Devices that include magicJack, magicJack PLUS, magicJack GO and magicJack APP. The company also produces an application that allows users to make and receive telephone calls through a computer or smart phone. They recently announced they were reviewing director nominations from Carnegie Technologies Holdings, who wish to acquire VocalTec.
Shares of VocalTec Communications gained 16.06 percent year-to-date, and ended the week at $7.95 per share.

Sohu.com

Sohu.com is a Chinese internet company headquartered in the Sohu Internet Plaza in Beijing. They offer ads, search tools and gaming services. Currently the consensus among 13 polled investment analysts is to hold stock. This rating has held steady since December.
Shares of Sohu.com gained 14.93 percent year-to-date, and ended the week at $38.95 per share.

Perion Network

Perion Network are a global tech company engaged in delivering advertising solutions to brands and publishers via its High Impact Advertising solutions segment. The company provides execution, ranging from high-impact advertisement formats to branded search, and a unified social and mobile programmatic platform, with business solutions that include Undertone, Codefuel, Growmobile, IncrediMail and Smilebox. They have announced they are to present at Needham & Company’s 19th Annual Growth Conference in New York on January 10, 2017, which could be stimulating investor interest.
Shares of Perion Network gained 14.79 percent year-to-date, and ended the week at $1.62 per share.
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, Emma Harwood, hold no direct investment interest in any company mentioned in this article. 

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This article is updated each week. Please scroll to the top for the most recent information.

5 Top NASDAQ Tech Stocks: Internap Makes Gains to Lead

The NASDAQ Technology Sector (INDEXNASDAQ:NDXT) had a good week and was up 1.6 percent to end the week at 2,922.04 points by market close on Friday.
Some stability followed the volatility from the US elections where Donald Trump surprisingly clinched the coveted seat for US president. Indeed, since the win, tech stocks have hardly moved – until December 1, when they plunged. According to TechCrunch, Trump will not be a friend to the tech world.
Despite remaining uncertainty surrounding the Trump presidency, here are last week’s top NASDAQ tech stocks in the computer software and processing industry:

• Internap (NASDAQ:INAP)
• CYREN (NASDAQ:CYRN)
• Zix (NASDAQ:ZIXI)
• Perion Network (NASDAQ:PERI)
• Radware (NASDAQ:RDWR)

Here is a closer look at last week’s top gainers:

Internap

Internap provides internet infrastructure services. It operates through two segments: Data Center Services and Internet Protocol Services. They offer availability across a global network of data centers and services backed by service level agreements (SLAs). They recently reported their third quarter 2016 financial results, seeing total revenue of $74 million.
Shares of Internap gained 95.63 percent over the five-day trading period, and ended the week at $1.81 per share.

CYREN

Cyren has been a regular top performer. They create IT solutions for web, email and transaction protection. This integrated cloud-based security Israeli company has a market cap of $76.37 million. They recently reported their “very solid” third quarter 2016 financial results, seeing revenues of $7.9 million, the fifth consecutive quarter of revenue growth.
Shares of Cyren gained 14.71 percent over the five-day trading period, and ended the week at $1.95 per share.

Zix

Zix is a security technology company. The company provides email encryption services, email data loss prevention and mobile device protection. They recently announced a contract renewal for three more years, with BankPlus, a bank in Mississippi.
Shares of Zix gained 4.98 percent over the five-day trading period, and ended the week at $12.67 per share. Year-to-date the stock has dipped 1.97 percent.

Perion Network

Perion Network are a global tech company engaged in delivering advertising solutions to brands and publishers via its High Impact Advertising solutions segment. The company provides execution, ranging from high-impact advertisement formats to branded search, and a unified social and mobile programmatic platform, with business solutions that include Undertone, Codefuel, Growmobile, IncrediMail and Smilebox. They recently announced third quarter 2016 results, seeing a 41 percent year over year increase in revenues, mainly due to Undertone generating business.
Shares of Perion Network fell at the start of November, but have since climbed steadily to come back and register a gain of 10.66 percent over the last five-day trading period, and end the week at $1.35 per share.

Radware

Radware provides cloud services with DDoS protection, application delivery and load balancing solutions. They recently announced their third quarter 2016 earnings which saw revenues of $46.9 million, less than seen previously but as CEO Roy Zisapel says, they are “strongly positioned to benefit from the ever-evolving security threats.”
Shares of Radware gained 9.93 percent over the five-day trading period, and ended the week at $14.83 per share.
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, Emma Harwood, hold no direct investment interest in any company mentioned in this article.
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