Cinedigm Corp., Netlist Inc., CounterPath Corp. and Broadvision Inc. round out the top five spots this week.
The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) was down 1.58 percent Last week, with steady loses from Tuesday onwards. Luckily, these losses weren’t across the board. Here’s a week at the sector’s top gainers:
- SharpSpring, Inc. (NASDAQ:SHSP)
- Cinedigm Corp. (NASDAQ:CIDM)
- Netlist Inc. (NASDAQ:NLST)
- CounterPath Corp. (NASDAQ:CPAH)
- Broadvision Inc. (NASDAQ:BVSN)
Read on to learn more about these companies.
SharpSpring is a global provider of cloud-based marketing technologies and email services. The company provides a range of business-to-business marketing and communications products and services, as well as email infrastructure and relay services. Last week, the company’s share price jumped up by 21.10 percent, continuing the company’s recent strong streak. Investors, it appears, could be responding to the company’s earnings release and call, which occurred on May 4th.
In the past month, stocks have gone up by 28.26, contributing to the company’s 44.91 percent growth since the beginning of the year.
Cinedigm is a distributor and aggregator of independent movies, television and other short-form content. It operates in four segments: first digital cinema deployment, second digital cinema deployment, digital cinema services and media content and entertainment.
On February 16, the company announced that the NASDAQ Listing Qualifications Panel has granted the company’s request for continued listing. Furthermore, it has accepted the company’s plan to regain compliance with the continued listing standards of the NASDAQ Global Market. That is contingent on Cinedigm evidencing compliance with the minimum $1 bid price requirement by June 7, 2016.
Thus far, the company seems to be moving towards this goal. Last week alone, the company saw 10.55 percent growth, an important step up in share price which will help to mitigate the company’s 15.32 percent loss in share price since the start of the year.
Netlist designs, manufactures and sells a range of memory subsystems intended for data center servers and the high-performance computing and communications markets. These memory subsystems are combinations of dynamic random-access memory integrated circuits, NAND flash memory, application-specific integrated circuits and other components assembled on printed circuit boards.
It’s no surprise that Netlist made the list last week. The company saw 8 percent growth in share price, contributing to an impressive 53.41 growth in stock price since the start of 2016.
CounterPath designs, develops and sells software and services that allow enterprises to deliver unified communications services (including voice, video, messaging and collaboration functionality) over IP-based networks. The week’s 7.08 growth in share price contributed to the monthly increase of just over one percent. However, the fact remains that share prices for this company has fallen 12.35 since the beginning of the year.
BroadVision is a provider of social business solutions, including a framework for personalization and self-service, modular applications and agile toolsets that customers use to create e-commerce, portal solutions, and enterprise social networks (ESN). The company’s primary product offerings are software solutions. It also offers a toolkit, framework and library for extending its solutions. Last week, the company saw a 6.45 percent increase in share price. This increase could be tied to company’s release of its earnings results from the first quarter of 2016. Year to date, BroadVision has made strides in share price, seeing a 10 percent gain.
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 $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.