5 Top Weekly NASDAQ Tech Stocks: Index Streams Flat

cybersecurity companies stocks report

The NASDAQ Composite (INDEXNASDAQ:.IXIC) had a rollercoaster week, starting at 6,971 points on Monday (April 9) and recovering to 7,140.85 points as of 1:52 p.m. EST on Friday (April 13).

The NASDAQ 100 Technology Sector (INDEXNASDAQ:NDXT) had a similar ride, beginning at 4,048.5 points on Monday before dipping to 4,041 points and reaching 4,194.16 points as of 1:59 p.m. EST on Friday.

The week started off with Apple (NASDAQ:AAPL) releasing new Product Red iPhones. That helped the company stay in a positive light before a new report from Bloomberg stated that its HomePod was a dud in sales. Much of the focus in the tech sector was on Facebook (NASDAQ:FB) and its CEO Mark Zuckerberg appearing before Congress.

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Against that backdrop, a number of micro-cap tech stocks had a solid week. The top five stocks listed below grew more than 10 percent over the course of the week:

CYREN (NASDAQ:CYRN)
Meet Group (NASDAQ:MEET)
RealNetworks (NASDAQ:RNWK)
Simulations Plus (NASDAQ:SLP)
eGain (NASDAQ:EGAN)

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

CYREN

The stock grew 25 percent over the course of the week and was trading at $3.03 as of 1:59 p.m. EST on Friday. The company claims to have 1.3 billion users in the world who depend on its cloud internet security solutions.

What may have moved CYREN’s share price last week was its Thursday (April 12) announcement that it has secured a multimillion-dollar contract from a tech company. On Monday, CYREN launched a new capability for enterprises to combat threats related to cryptocurrency mining and impostor email Continue Reading

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