5 Top NASDAQ Tech Stocks: Sonic Foundry, Sphere 3D Top Gainers

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) remained fairly static last week, seeing a 0.26 percent drop over the past five days. However, there was some movement among individual companies. Here’s a look at NASDAQ’s top five tech gainers:

• Sonic Foundry (NASDAQ:SOFO)
• Sphere 3D (NASDAQ:ANY)
• Top Image Systems (NASDAQ:TISA)
• Payment Data Systems (NASDAQ:PYDS)
• Concurrent Computer (NASDAQ:CCUR).

Read on to learn more about these companies.

Sonic Foundry

Sonic Foundry provides enterprise solutions and services for the web communication market, offering webcasting solutions and providing video content management for education, business and government. Helping people to share knowledge online, the company uses video webcasts to bridge time and distance, enhance learning outcomes and to improve performance. Some of its products include Mediasite Enterprise Video Platform, Mediasite Cloud and Mediasite Capture Solutions.
Share price went up by 9.68 percent, adding to the company’s 36 percent increase in share price since the start of the year. This steady growth has made Sonic Foundry a regular feature on this list for the past couple of months.

Sphere 3D

Sphere 3D delivers virtualization technology and data management solutions that enable workload-optimized solutions. Essentially, the company allows organizations to use a combination of public, private and hybrid cloud strategies while providing affordable storage solutions. Like Sonic Foundry, Sphere 3D is a recurring fixture on this roundup. This week, 8.06 percent in growth helped to offset its 11.5 percent decrease in share price since the start of the year.

Top Image Systems

Top Image Systems saw 5.64 percent growth over the past week, working towards reversing the 46.2 percent decrease in share price that the company has seen since the start of the year. Top Image Systems develops and markets automated data capture solutions for managing and validating content gathered from customers, trading partners and employees. Its software improves business processes by integrating different types of data from multiple sources, regardless of its source and format. They also deliver the extracted data to applications, such as document and content management enterprise resource planning. The next big earnings release for this company will come next month, in May.

Payment Data Systems

Payment Data Systems Inc. is a fintech company that processes electronic payments for other companies. The company operates in the United States under two segments: Payment Data Systems and FiCentive, Inc. Payment Data Systems Inc. provides integrated electronic payment processing services to merchants and businesses and operates an online payment processing service. Payment Data Systems also provides prepaid card processing services for merchants and consumers through its owned subsidiary, FiCentive, Inc.

Concurrent Computer

Concurrent Computer rose 3.73 percent last week, and is up 23.64 percent year-to-date. The company provides software, hardware and professional services for the content delivery market, developing applications based on Linux and storage technologies. Like many other familiar names, Concurrent Computer isn’t a stranger to this list, where it debuted in April. Investors should stay tuned for April 26, when the company announces its Q3 earning release.
 
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.
 
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Securities Disclosure: I, Morag McGreevey, hold no direct investment interest in any company mentioned in this article.
 
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