5 Top NASDAQ Tech Stocks: eFuture Holding Up 20.89 Percent

eFuture Holding (NASDAQ:EFUT) was the top-gaining tech stock on the NASDAQ last week, gaining an impressive 20.89 percent during that time.
Smith Micro Software (NASDAQ:SMSI), Iteris (NASDAQ:ITI), Netlist (NASDAQ:NLST) and Sify Technologies (NASDAQ:SIFY) also saw significant growth during that time frame. Here’s a brief overview of those companies and what they’ve been up to lately.

eFuture Holding

As mentioned, eFuture Holding had a great week last week, rising 20.89 percent. So far this year, the company has seen a 22.36-percent drop in share price, so that was definitely good news. The company, formerly eFuture Information Technology, is a holding company that operates through its subsidiary, eFuture (Beijing) Royalstone Information Technology. The company is a provider of software and mobile social shopping network services to China’s retail and consumer goods industries.

Smith Micro Software

Smith Micro Software was runner up last week with a 16.32-percent rise. The company provides solutions and services that simplify and enhance the mobile experience. According to The Enterprise Leader, research groups have placed a short-term price target of $1.50 on the company.

Iteris

In third place, Iteris saw a 14.22-percent jump in share price last week. Iteris provides information solutions for intelligent traffic systems and precision agriculture. The company operates through three segments: roadway sensors, transportation systems and performance analytics.
In its earnings report for Q3 and 2016 fiscal year, released on February 11, 2016, the company reported revenue of $19.01 million, higher than analyst estimates of $17.84 million.

Netlist

Netlist has been a strong gainer in 2016, with its share price rising 34.09 percent since the beginning of the year. This pattern continued last week with a gain of 8.26 percent.
The company designs, manufactures and sells a range of memory subsystems for data center servers and for the high-performance computing and communications markets. FDA News Alert said Tuesday, “the stock of Netlist Incorporated registered an increase of 41.94% in short interest. NLST’s total short interest was 897,200 shares in February as published by FINRA. Its up 41.94% from 632,100 shares.”

Sify Technologies

Like Netlist, Sify Technologies’ growth last week was in keeping with an upward trend in 2016. The company saw 8.15-percent growth last week, adding to its year-to-date growth of 7.61 percent.
The India-based company is an integrated information and communications technology solutions and services company. It operates through five segments: telecom services, data center services, cloud and managed services, technology integration services and application integration services.
 
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.
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