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5 Top-Performing New Tech Stocks

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HiSoft Technology

What it Does: Software and web development outsourcing

HiSoft (HSFT) raised $74 million in its June IPO as it priced below its expected range.

The Chinese software-development outsourcing service, however, has seen its shares jump 214% since pricing.

HiSoft announced a 70.8% year-over-year increase in third-quarter revenue, which rose to $38.9 million

Deutsche Bank analyst Tim Fox recently raised his 12-month price target on the company from $30 to $34.

HiSoft will report its fourth-quarter financial result on March 1, with analysts expecting EPS of 21 cents per share on revenue of $42 million.

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