Which NASDAQ tech stocks gained the most last week? We run through the five biggest gainers in this article.
In the news this past week, Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) settled a dispute, Samsung’s (KRX:005930) Galaxy Fold encountered issues and Facebook (NASDAQ:FB) CEO Mark Zuckerberg was under the microscope.
Smaller players also made headlines. The NASDAQ-listed tech stocks with the biggest share price gains last week are as follows:
- Gogo (NASDAQ:GOGO)
- RADCOM (NASDAQ:RDCM)
- Super League Gaming (NASDAQ:SLGG)
- Immersion (NASDAQ:IMMR)
- Identiv (NASDAQ:INVE)
Here’s a look at what moved their share prices during the period.
In-flight internet company Gogo saw its share price increase 21.88 percent last week, closing at US$5.07. The firm released its preliminary financial results for Q1 on Monday (April 15), reporting consolidated revenue of US$197 million to $200 million and a consolidated net loss of US$17 million to US$20 million.
President and CEO Oakleigh Thorne described the company’s adjusted earnings before interest, tax, depreciation and amortization as “much better than expected.” Gogo’s complete Q1 financial results will come out before the market opens on May 9.
RADCOM helps telecommunications companies across the globe ensure that they are offering quality service to their customers. Using three components — RADCOM Service Assurance, RADCOM Network Visibility and RADCOM Network Insights — the company allows these firms to better understand their customers’ needs and experiences.
Last week, RADCOM did not release any news, but its share price rose 11.64 percent to hit US$8.73. It will be sharing its Q1 financial results on May 7.
Super League Gaming
Super League Gaming partners with well-known game creators to operate in-person and online gaming leagues. The company currently runs 16 city clubs in four regions of the US.
Last week, Super League announced a partnership with ggCircuit, an esports center services company. Under the agreement, events put together by Super League will be run out of esports centers operated by ggCircuit. The news sent Super League’s share price up 9.82 percent to finish the week at US$7.16.
Focused on touch technology, Immersion aims to help its customers economically add touch capabilities to a variety of products, including cars, mobile devices and internet of things technology.
The company did not put out any news last week, but its share price increased 7.1 percent to reach US$9.20. Its latest news came on April 9, when it signed a deal that allows Alpine Technology to use its touch feedback technology for touchscreens in vehicles.
Identiv serves a variety of customers around the world, helping them keep places, people, data and objects secure. With a focus on both the physical and the “internet of everything,” the company’s solutions range from physical access control to smart card readers.
Last week, Identiv’s share price rose 4.7 percent to end at US$4.90. During the period, the company announced that its board has nominated Robin R. Braun as a director.
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Data for the 5 Top NASDAQ Tech Stocks articles is retrieved each Friday at 12:00 p.m. EDT using TradingView’s stock screener. Only companies with a market capitalization of less than $500 million prior to the week’s gains are included. Companies within the technology sector are considered.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.