5 Top NASDAQ Tech Stocks: Qualstar Corp Top Gainer

It was slightly slow week for the NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT), which went down by 0.77-percent this week. However, some companies in the sector prevailed to see growth. Here’s a look at the 5 biggest gainers:

1. Qualstar Corp. (NASDAQ:QBAK)
2. FORM Holdings Corp. (NASDAQ:FH)
3. Copsync Inc. (NASDAQ:COYN)
4. IZEA Inc. (NASDAQ:IZEA)
5. support.com (NASDAQ:SPRT)

Qualstar Corp.

Qualstar Corporation is a provider of power solutions and data storage systems, marketing its products under the N2Power and the Qualstar brand names. Last Wednesday, the company announced a 1-for-6 reverse stock split of its issued and outstanding shares of common stock, in addition to announcing the results of their 2016 annual shareholder meeting. All told, the company saw a 31.85-percent boost in share price last week.

FORM Holdings Corp.

Formerly known as Vringo, Inc., FORM Holdings Corp. is a diversified holding company. Its holdings include Group Mobile, Fli Charge, Infomedia and Intellectual Property Assets. The company is a regular presence on this list, having seen monthly growth of 31.03-percent. Last week, share prices grew by 14.57-percent.

Copsync Inc.

Copsync, Inc. operates a US-based law enforcement mobile data information system. The company provides the software as a service COPsync Network, a real-time, in-car information sharing, communication and data interoperability network. It also offers other services, including the COPsync911 threat alert service, the COURTsync service and VidTac. Last week’s 9.92-percent gain was important for the company, which has seen a whopping year-to-date loss of 35.44-percent.

IZEA Inc.

IZEA, Inc. is a social networking company that operates online marketplaces to facilitate transactions between brands and influential content creators. These creators create and distribute text, videos and photos on behalf of brands through websites, blogs and social media channels. Last week, share prices for the company increased by 7.30-percent. In the last month, growth has been even more significant, increasing by 30.43-percent.

support.com

support.com is a provider of cloud-based software and services for technology support by offering outsourced support services for service providers, retailers, Internet of Things (IoT) solution providers and technology companies. Last week, stock price for the company increased by 7.01-percent, adding to a monthly growth of 4.99-percent. This upward trend is helping to turn around the company’s year-to-date loss of 16.83-percent.
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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 $10 million and less than $100 million prior to the week’s gains are included. Companies within the computer software and processing sector are considered.
Securities Disclosure: I, Morag McGreevey, hold no direct investment interest in any company mentioned in this article.