The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) has been on a roll lately, rising 1.7 percent to reach 3834.44 points as of 3:18 p.m. EST on Friday (October 13).
With that in mind, some of last week’s top gaining NASDAQ tech stocks are:
- ModusLink Global Solutions (NASDAQ:MLNK)
- Iteris (NASDAQ:ITI)
- Perion Network (NASDAQ:PERI)
- Mind CTI (NASDAQ:MNDO)
- Zix (NASDAQ:ZIXI)
Here’s a closer look at those companies.
ModusLink Global Solutions
First on our top weekly NASDAQ tech stocks list is ModusLink Global Solutions.
ModusLink provides services through its subsidiaries, ModusLink Corporation and ModusLink PTS and provides services to industries such as electronics, communications, computing, software, storage and retail industries. On that note, however, ModusLink didn’t have any news during the week to relate to its rising share price. Still, over the five-day period its stock rose 9.46 percent from $2.07 to reach $2.26 as of 3:38 p.m. EST on Friday.
Next is Iteris, a company that provides information solutions for traffic management and global agribusiness markets.
While the company didn’t have any news during the trading week, reports suggested that investors of the company are feeling “bullish” on the company. Over the five-day trading period, shares of Iteris increased 4.8 percent from $7.50 to $7.86 as of 3:37 p.m.EST on Friday.
Middle of the pack on our 5 top weekly NASDAQ tech stocks list is Perion Network.
Based in Israel, Perion Network provides engagement and monetization solutions for web and mobile-web digital businesses. More specifically, its search division called CodeFuel helps developers optimize search traffic and generate revenue, while its advertising platform, MakeMeReach, grasps marketing campaigns and demands generation from a variety of social media platforms. Perion’s other business solutions include Undertone, Grownmobile, IncrediMail, and Smilebox.
That being said, Perion Network also didn’t have any news during the week that could relate to its rising share price. Over the week Perion’s stock rose 4.35 percent to $1.20 as of 3:44 p.m. EST on Friday.
Mind CTI provides real-time and offline billing and customer care software solutions, particular for communications providers, such as landline and wireless, voice over Internet Protocol, and broadband IP network operators, long-term evolution operators, cable operators, and mobile virtual network operators.
Last week, shares of Mind CTI increased 3.55 percent to $2.73 as of 3:46 p.m. EST on Friday.
Closing out the list is Zix, who provides email encryption, data loss prevention and bring-your-own-device security in order to meet business data protection.
For example, Zix’s email encryption allows for secure email exchanges that entail sensitive information through a secure messaging platform. Zix also offers a service called ZixDirectory, which is an email encryption community that is designed to share identities of its members.
Much like the other companies, Zix didn’t have any news during the trading week, although its share price still increased 1.73 percent to $5.29 as of 4:00 p.m. EST on Friday.
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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 $50 million and less than $500 million prior to the week’s gains are included. Companies within the computer software and processing sector are considered.
Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.