This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

5 Top-Performing New Tech Stocks

Stocks in this article: BSFTHSFTFNRPQLIK

NEW YORK ( TheStreet) -- With the debut of public offerings from Demand Media (DMD) and Nielsen (NSLN) already this year, analysts expect the tech industry to see a large number of new issuances in 2011.

While some late-stage Silicon Valley companies like Facebook and Zynga have raised massive amounts of capital in the private markets and are unlikely to go public this year, strong demand for LinkedIn and Pandora -- both of which have filed in the last month -- might trigger other high profile start-ups to take the plunge, say analysts.

Seven technology companies have gone public so far this year, more than any other industry, according to Renaissance Capital, an IPO research firm based in Greenwich, Conn. Tech has performed better than other sectors, too, with a 21.3% average total return.

Scott Sweet, a senior managing partner at IPO Boutique, an IPO advisory firm in Lutz, Fla., says the number of public offerings in the tech sector is estimated to double this year over last year, when 42 companies in the space priced.

Top IPO candidates for this year include smart-grid star Silver Springs Networks, local daily deals site Groupon and Brightcove, an online video company that recently hired a new CFO with public company experience.

There are also 31 tech companies in the IPO pipeline -- companies like Internet calling service Skype that have filed an S-1 but have yet to price -- that will likely be tracking the performance of recent public offerings to determine the right time to take the plunge.

Here's a look at five of the best performing newly public tech stocks, based on their prices' percentage increase and selected with help from Renaissance Capital.

1 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,828.24 +0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASDAQ 4,791.63 +4.3130 0.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs