The Top Tech Stocks in August

In the following video, Senior Technology Analyst Eric Bleeker looks at the top performers across the tech space in August. Leading off the space is Kenexa , a software company purchased by IBM . Beyond its acquisition of Kenexa, Big Blue also bought flash memory systems specialist Texas Memory Systems, which helped fuel a surge in shares of Fusion-io , a leader in the space.

Looking further down the list we find three companies that soared after earnings. Aruba Networks is the fifth top-performing tech stock, with a 37.9% rise across the month while Rackspace and Universal Display check in right below Aruba Networks. The lesson here? Growth stocks experienced a surge last month after being beaten down throughout most of 2012. However, as Eric notes, with plenty of insecurity ahead about Europe and America's coming fiscal cliff, the best play on many of these companies might be adding them to a watchlist if economic news sends them back to previous prices. To see Eric's full thoughts, watch the video.

One reason flash memory is such big news is the growing importance placed on data in major American companies. The amount of data we store every year is growing by a mind-boggling 60% annually! To make sense of this trend and pick out a winner, The Motley Fool has compiled a new report called "The Only Stock You Need to Profit From the NEW Technology Revolution." The report highlights a company that has gained 300% since first recommended by Fool analysts but still has plenty of room left to run. Thousands have requested access to this special free report, and now you can access it today at no cost. To get instant access to the names of this company transforming the IT industry, click here -- it's free.

The article The Top Tech Stocks in August originally appeared on

Eric Bleeker has no positions in the stocks mentioned above. The Motley Fool owns shares of Fusion-io, IBM, and Universal Display. Motley Fool newsletter services recommend Rackspace Hosting and Universal Display. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.