NASDAQ Top Gainers: Smith Micro Software Takes Number One Spot

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) was down 2.21 percent this week, due to a disappointing performance on Friday. Luckily, these losses weren’t across the board. Here’s a week at the sector’s top gainers:

• Smith Micro Software (NASDAQ:SMSI)
• Top Image Systems (NASDAQ:TISA)
• Bsquare Corp (NASDAQ:BSQR)
• magicJack VocalTec Communications (NASDAQ:CALL)
• Vringo, Inc. (NASDAQ:VRNG)

Read on to learn more about these companies.

Smith Micro Software

Smith Micro Software the top earner last week with 9.8 percent growth. This contributes to the company’s strong month – thus far, Smith Micro Software has seen 10.4 percent growth in April. The company provides solutions and services that simplify and enhance the mobile experience.

Top Image Systems

Top Image Systems saw 6.77 percent growth over the past week, working towards reversing the 47.85 percent decrease in share price that the company has seen since the start of the year. Top Image Systems develops and markets automated data capture solutions for managing and validating content gathered from customers, trading partners and employees. Its software improves business processes by integrating different types of data from multiple sources, regardless of its source and format. They also deliver the extracted data to applications, such as document and content management enterprise resource planning.
On April 26, the company announced that it had signed two significant banking process automation deals in Italy, with initial value of both deals coming in at $700,000.00. This news could be partially responsible for the company’s meaningful jump in share price. For curious investors, the next big earnings release for this company will come next month, in May.

Bsquare Corp

With 5.56 percent growth last week, Bsquare takes the third-place spot on this list. The company provides software solutions and related engineering services to companies that develop connected systems.
For example, Bsquare resells software from Microsoft (NASDAQ:MSFT). The company focuses on connected systems that use various Microsoft Windows Embedded and Windows Mobile operating systems, as well as devices running other operating systems, like Linux and QNX. Primarily, the company targets original equipment manufacturers and original design manufacturers as customers. This increase in share price precedes the company’s release of Q1 2016 earnings, which are scheduled to be released on May 5, 2016.

magicJack VocalTec Communications

magicJack VocalTec Communications’ gain of 4.95 percent this week was a boon for the company, which has seen a monthly decline of 4.06 percent and a year to date fall of 34.95. The cloud communications company provides magicJack devices and other magicJack products and services, such as magicJack Devices that include magicJack, magicJack PLUS and magicJack GO, and magicJack APP. The magicJack, magicJack PLUS and magicJack GO are voice-over-Internet-Protocol (VoIP) devices. The company also produces an application that allows users to make and receive telephone calls through the computer or through smart phones using magicJack account. Like many of the other companies on this list, magicJack VocalTec is set to release their first quarter earnings next month.

Vringo Inc.

This development-stage company is focused on identifying, generating, acquiring and deriving economic benefits from intellectual property assets. The company intends to monetize its technology portfolio through a range of initiatives, such as licensing, strategic partnerships and litigation. Last week’s 4.28 percent growth was the cherry on top of a strong month. So far, Vringo has seen 10.43 percent growth in April.
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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 $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.