5 Top Weekly NASDAQ Tech Stocks: Index Buffers Again

- April 8th, 2018

Which NASDAQ tech stocks gained the most last week? Zix, Sify, Simulation Plus, eGain and Cyren were the top gainers.

The NASDAQ Composite (INDEXNASDAQ:.IXIC) was on the decline again last week, dropping  from 7,016.17 points on Monday (April 2) to  6,996.53 points as of 1:01 p.m. EST on Friday (April 6).

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) also dipped during last week’s trading period, dropping from Monday’s open of 4,120.53 points to 4,068.05 points as of 1:01 p.m. EST on Friday (April 6).

While the week started off with the debut of Spotify on NYSE, the focus quickly shifted to Facebook’s data scandal. CNBC reported that the trade worries continued to rattle Wall Street.

That being said, a number of micro-cap tech stocks were on the rise this week, including:

  • Zix (NASDAQ:ZIXI)
  • Sify Technologies (NASDAQ:SIFY)
  • Simulations Plus (NASDAQ:SLP)
  • eGain (NASDAQ:EGAN)
  • CYREN (NASDAQ:CYRN)

Here’s a closer look at the companies and the factors that moved their share price.

Zix

Last week’s top-gaining weekly NASDAQ tech stock is Zix, whose primary focus is email encryption.

On Tuesday (April 3), the company announced that it had acquired Erado, a provider of eDiscovery and analytics for the financial industry. As a result, it’s no surprise that Zix is last week’s top gaining stock: over the five day trading period, shares of Zix increase 7.96 percent to reach $4.48 as of 3:11 p.m EST on Friday.

Sify Technologies

Shares of Sify Technologies increased by 5.34 percent last week to reach $2.10 as of 2:55 p.m. EST on Friday. The company deals with information and communication solutions in India and in many markets around the globe.

That being said the company didn’t have have any news this week that would explain its share price increase.

Simulation Plus

Simulation Plus, a company that develops drug discovery and development software gained 3.39 percent last week. The company announced on Wednesday (April 4) that it is set to announce their second quarter 2018 earnings on April 9th.

The announcement may have helped its share price move, which were valued at $15.10 as of 3.15 p.m. EST on Friday.

eGain Corporation

eGain Corporation increased 2.52 percent to reach $8.05 as of 3:39 p.m. EST on Friday. The company deals with customer engagement solutions. That being said, the company didn’t have any news to share last week that would explain their share price increase.

CYREN

Last week, Cyren gained 2.14 percent and the share price is currently traded at $2.4 as of 3.15 p.m. EST on Friday. The company claims to have 1.3 billion users in the world who depend on their cloud internet security solutions.

Just like eGain, Cyren didn’t have a news to share this week that would explain their share price increase.

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 $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, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.


**This article is updated each week. Please scroll to the top for the most recent information**

5 Top Weekly NASDAQ Tech Stocks: Index in the Red Again

By Jocelyn Aspa, April 1, 2018

The NASDAQ Composite (INDEXNASDAQ:.IXIC) was on the decline again last week, dropping  from 7,111.2 points on Monday (March 26) to close at 7,068.01 points on Thursday (March 29).

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) also dipped during last week’s trading period, dropping from Monday’s open of 4211.75 points to close at 4,151.9 points on Thursday.

CNBC reported on Wednesday (March 28) that the NASDAQ was on the decline as a result of Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) shares tumbling. That continued into Thursday’s trading.

That said, a number of micro-cap tech stocks were on the rise last week, including:

  • Intevac (NASDAQ:IVAC)
  • eGain (NASDAQ:EGAN)
  • Bsquare (NASDAQ:BSQR)
  • Magic Software Enterprise (NASDAQ:MGIC)
  • Meet Group (NASDAQ:MEET)

Here’s a closer look at those companies and the factors that moved their share prices.

Intevac

Last week’s top-gaining weekly NASDAQ tech stock is Intevac, a company that provides thin-film processing systems. Intevac was founded in 1991 with headquarters in Santa Clara, California and also has offices and manufacturing facilities throughout the state and in Asia.

The company has two units: thin-film equipment and photonics. Under the thin-film segment, its products include a 200 lean disk sputtering system, a 200 lean etch and deposition system, an acculuber disk lubrication system, the INTEVAC VERTEX system, the INTEVAC Matrix implant system, the ENERGi implant system and the INTEVAC Matrix system. Its photonics side of the business develops, manufactures and sells compact digital-optical products.

On Wednesday, the company announced that its oDLC (optical diamond-like-carbon) thin-film technology product had begun shipping to three major cellphone providers, which no doubt helped push Intevac’s share price up over the week. Throughout last week’s trading period, shares of Intevac increased 14.05 percent to close at $6.90 on Thursday.

eGain

Second on our list is eGain, a company that provides cloud-based and on-site customer engagement software solutions. In particular, the company provides a wide range of products, including eGain CallTrack, eGain Chat, eGain Virtual and eGain ClicktoCall, among several others.

eGain didn’t have any news during last week’s trading period, but over the four-day trading week shares of eGain increased 9.66 percent to reach $7.95 as of market close on Thursday.

Bsquare

Bsquare provides software solutions and engineering services to businesses that create, market and sell purpose standalone intelligent systems. The company’s DataV software solutions can be used by a variety of enterprises to create business-related internet of things systems that monitor device data, automate processes, predict events and produce “better” business outcomes.

Much like eGain, Bsquare didn’t have any news last week that would explain its share price increase. Bsquare’s share price increased 7.59 percent last week to close at $4.29 on Thursday.

Magic Software Enterprises

Next on our list is Israel-based Magic Software Enterprises, a company that provides enterprise-grade application development and business process integration software solutions. Its software solutions section develops, markets, sells and supports proprietary and non-proprietary application platforms, software applications and business and process integrations, to name a few.

Magic Software is the third company on this list that didn’t have any company news during last week’s four-day trading period. Over the course of the week shares of Magic Software increased 5.59 percent to close at $8.50 on Thursday.

Meet Group

Closing out last week’s top weekly NASDAQ tech stocks list is Meet Group, a company that provides a social networking platform on iPhone and Android mobile devices, iPads and other devices. Meet Group provides its users with a variety of ways to connect with other people through live video or discussions. Its social networking brands include: meet me, Lovoo, SKout, Tagged and hi5.

Meet Group also didn’t have any company news during last week’s trading period that would explain its share price increase. Over the four-day trading week, shares of Meet Group increased 2.96 percent to close at $2.09 on Thursday.

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 $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.


The NASDAQ Composite (INDEXNASDAQ:.IXIC) was on the decline for the second week in a row, dropping  from 7,419.20 points on Monday (March 19) to 7,139.09 points as of 1:27 p.m. EST on Friday (March 23). The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) also dipped during last week’s trading period, dropping from Monday’s open of 4,404.04 points to 4,211.88 points as of 1:28 p.m. EST on Friday.

On Thursday (March 22), CNBC reported that “billions” have been taken from the tech sector this week–which includes Facebook’s (NASDAQ:FB) $35 billion loss to its market cap earlier this week resulting from the Cambridge Analytica data breach.

Still, not all hope was lost for the tech sector last week as a number of NASDAQ tech stocks were still on the rise, including:

  • Zix (NASDAQ:ZIXI)
  • Computer Task Group (NASDAQ:CTG)
  • Synchronoss Technologies (NASDAQ:SNCR)
  • Attunity (NASDAQ:ATTU)
  • Sapiens International (NASDAQ:SPNS)

Here’s a closer look at those companies.

Zix

Our top weekly NASDAQ tech stock is Zix, a company that provides security solutions including email encryption services, email data loss prevention, and mobile applications. Currently its email security services are being provided to over 19,000 businesses in industries such as healthcare, financial services, government and education, to name a few.

The company announced on Wednesday (March 21), that it had established a distribution agreement with Progress Distribution to help global enterprises in the UK and Europe to implement Zix Email Solutions in order to meet requirements of the Global Data Protection Regulation. As a result, it’s no surprise shares of Zix were on the incline last week: over the five day period shares of Zix increased 5.36 percent to reach $4.45 as of 2:22 p.m. EST on Friday.

Computer Task Group

Next is  Computer Task Group. The company is an IT services provider company with operations in North America and Europe.

Computer Task Group provides its service to a wide range of industries, including: pharmaceuticals, oil and gas; manufacturing and logistics; steal and automotive; banking; finance; securities and insurance; government; the technology sector, with a focus on hardware, software, service providers, and corporate users of external IT resources; and communications service providers.

The company announced on Tuesday (March 20), that it had voted unanimously to submit a proposal to its shareholders to declassify the board by amending its restated certificate of incorporation and restated bylaws at its annual shareholders meeting to be held on July 26.  That said, it’s not clear if this had a direct impact on its rising share price last week, which increased 2.54 percent to $8.08 as of 2:34 p.m. EST on Friday.

Synchronoss Technologies

Middle of the pack on our 5 top weekly NASDAQ tech stocks list is Synchronoss Technologies. The company helps its clients create revenue, reduce costs and deliver cloud, messaging and digital products.

On Thursday the company announced that it had renewed its agreement with Verizon to power Verizon Cloud’s solution for its wireless customers for another five years, which likely contributed to the company’s rising share price over the week. As of 2:41 p.m. EST on Friday, shares of Synchronoss had increased by 2.41 percent to $10.61.

Attunity

Attunity, a company that provides big data management software solutions that enable access, management, sharing and distribution of data across heterogeneous enterprise platforms, organizations and the cloud.

Its products include: Replicate, Compose, Gold Client, and Visibility to name a few. On the other hand, Attunity’s solutions range from Hadoop and Big Data, Data Warehousing, Database, Cloud and SAP.

That being said, Attunity didn’t have any company news over last week’s trading period, although its share price did rise 1.21 percent to $7.45 as of 2:47 p.m. EST on Friday.

Sapiens International

Closing out our five top weekly NASDAQ tech stocks list is Sapiens International, whose headquarters are in Israel. The company develops computer software solutions with a focus on the insurance industry. Much like Attunity, Sapiens didn’t have any news during last week’s trading period to relate to its rising share price. Over the five-day period, shares of Sapiens increased slightly by 1.20 percent to $8.75 as of 2:54 p.m. EST on Friday.

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 $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.

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