5 Top NASDAQ Tech Stocks: Qumu Sees 45 Percent Gain

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) hit a high of 3,058.24 mid-week but tumbled to the end of the week to close at 2,971.67.
Here is a look at how last week’s top gainers in the computer software and processing industry performed:

• Qumu (NASDAQ:QUMU)
• Cinedigm (NASDAQ:CIDM)
• Determine (NASDAQ:DTRM)
• FORM Holdings (NASDAQ:FH)
• Sphere 3D (NASDAQ:ANY)

Qumu

Minneapolis-based Qumu Corporation is focused on videos, providing businesses the tools necessary to create, manage, secure, deliver and measure success. In September, Qumu announced support for Skype for Business in its extension to the Pexip Infinity meeting platform. However, there has been no further recent news from the company to explain last week’s rise in share price.
As our top company last week, Qumu gained 44.49 percent over the five day trading period, and ended the week at $3.28 per share.

Cinedigm

Cinedigm is a content distributor in the US and continues to modernize the cinema with its suite of software products that allow exhibitors and distributors to manage their newly digital businesses. In September, Cinedigm announced that it sold $2.5 million principal amount of loans and 245,000 shares of the company’s Class A common stock. There has been no further recent news from the company to explain last week’s rise in share price.
Cinedigm gained 15.76 percent over the five day trading period, and ended the week at $2.35 per share.

Determine

Determine is a leading global provider of SaaS Source to Pay and Enterprise Contract Lifecycle Management solutions. In September, the company announced that Alliant Credit Union will be rolling out Determine’s Cloud Platform. There has been no further recent news from the company to explain last week’s rise in share price.
Determine gained 14.11 percent over the five day trading period, and ended the week at $1.94 per share.

FORM Holdings

FORM Holdings is no stranger to our weekly top technology gainers list, and was the top gainer when it announced updates on its pending acquisition of XpresSpa. FORM Holdings holds a diverse portfolio of companies and is focused on identifying, investing in and developing companies with superior growth potential.
This week, FORM gained 13.38 percent over the five day trading period, and ended the week at $3.05 per share.

Sphere 3D

Sphere 3D is focused on virtualization technology and data management solutions that enable workload-optimized solutions, allowing organizations to deploy a combination of public, private or hybrid cloud strategies, supported by state of the art storage solutions. In September, the company provided an update that stated it had “received a formal, non-binding expression of interest for the purchase of certain of its assets from an arm’s-length third party.” However, there has been no further recent news from the company to explain last week’s rise in share price.
Sphere 3D gained 10.38 percent over the five day trading period, and ended the week at $0.52 per share.
 
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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. Companies within the computer software and processing sector are considered.
Securities Disclosure: I, Pia Rivera, hold no direct investment interest in any company mentioned in this article.