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The Zacks Analyst Blog Highlights: Synaptics, Broadcom, Virtusa Corp, Dropbox and eGain Corp
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For Immediate Release
Chicago, IL – September 29, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Synaptics Incorporated (SYNA - Free Report) , Broadcom Inc. (AVGO - Free Report) , Virtusa Corporation , Dropbox, Inc. (DBX - Free Report) and eGain Corporation (EGAN - Free Report) .
Here are highlights from Monday’s Analyst Blog:
4 Tech Stocks to Pick While Tailoring Your Retirement Portfolio
Retirement brings in a number of challenges, including the replacement of income that seniors earn during their service life. And it is difficult to cover expenses from the traditional approaches to retirement planning, which include investment in fixed-income assets.
Therefore, we believe equity investments are a brilliant way to create solid income streams for the long run. Though these are riskier, equities are the only asset class that can beat inflation and simultaneously offer capital appreciation over a longer period.
Tech Stocks are the Best Picks
Tech stocks could be an intriguing choice for a retirement portfolio, considering the sector’s resiliency amid the coronavirus-induced panic sell-off in March. The coronavirus outbreak has, surprisingly, opened up newer avenues of growth for tech companies.
Shift in consumer preference for Internet-based services, owing to the increase in social-distancing practices, has propelled demand for PCs, notebooks and peripheral accessories. In addition, the growing demand for software and hardware that facilitates work-from-home setting is a key catalyst.
Furthermore, the sector’s resiliency can be attributed to the impressive long-term growth prospects of tech companies. Rapid adoption of cloud computing, along with the integration of AI and machine learning, has been a major growth driver.
The accelerated deployment of 5G technology — the next-generation wireless revolution — is likely to fuel further growth. Moreover, blockchain, IoT, autonomous vehicles, AR/VR, and wearables offer significant growth opportunities.
Choosing the Stocks
It is difficult to pick the right stocks from a wide range of available investment opportunities.
This is where the Zacks Stock Screener comes in handy. With the help of this screener, we have filtered four stocks that are incredible for retirement investment planning. These stocks carry a Zacks Rank #1 (Strong Buy) or #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Also, the stocks have a VGM Score of A or B. Per the Zacks’ proprietary methodology, stocks with such favorable combinations offer solid investment opportunities.
Synaptics currently sports a Zacks Rank #1 and has a VGM Score of B. The long-term expected EPS growth for Synaptics is pegged at 10%. This San Jose, CA-based company is well poised to capitalize on its market-leading position for both touchpads and secure fingerprint sensors amid the upbeat trends in PC shipments.
Further, incremental adoption of the company’s edge SoCs integrated with AI and embedded neural network capabilities for smart video and audio devices is driving top-line growth. Additionally, the acquisition of Broadcom’s wireless IoT connectivity business (Jul 23) and the buyout of DisplayLink (Jul 31) have fortified Synaptics’ portfolio offerings.
Virtusa is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovation engineering. Currently, the company is banking on the trend of the growing global demand for digital and cloud transformations.
This Zacks Rank #1 company has a VGM Score of B. The long-term expected EPS growth for Virtusa is pegged at 14%.
Dropbox has been riding on the robust adoption of its latest desktop app driven by the coronavirus crisis, which triggered demand for cloud storage. This Zacks Rank #2 company offers a platform that enables users to access, store, synchronize and share files, photos, videos, songs, and spreadsheets.
Dropbox currently has a VGM Score of B. The long-term expected EPS growth for the company is pegged at 34.4%.
eGain Corp is benefiting from the robust adoption of SaaS and on-premise business-to-consumer (B2C) customer engagement solutions. The company’s solutions have been, in fact, adopted by notable enterprise customers that include Avon, Comcast, Fiserv and Vodafone.
This Zacks Rank #2 company has a VGM Score of B. The long-term expected EPS growth for eGain is pegged at 20%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Synaptics, Broadcom, Virtusa Corp, Dropbox and eGain Corp
For Immediate Release
Chicago, IL – September 29, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Synaptics Incorporated (SYNA - Free Report) , Broadcom Inc. (AVGO - Free Report) , Virtusa Corporation , Dropbox, Inc. (DBX - Free Report) and eGain Corporation (EGAN - Free Report) .
Here are highlights from Monday’s Analyst Blog:
4 Tech Stocks to Pick While Tailoring Your Retirement Portfolio
Retirement brings in a number of challenges, including the replacement of income that seniors earn during their service life. And it is difficult to cover expenses from the traditional approaches to retirement planning, which include investment in fixed-income assets.
Therefore, we believe equity investments are a brilliant way to create solid income streams for the long run. Though these are riskier, equities are the only asset class that can beat inflation and simultaneously offer capital appreciation over a longer period.
Tech Stocks are the Best Picks
Tech stocks could be an intriguing choice for a retirement portfolio, considering the sector’s resiliency amid the coronavirus-induced panic sell-off in March. The coronavirus outbreak has, surprisingly, opened up newer avenues of growth for tech companies.
Shift in consumer preference for Internet-based services, owing to the increase in social-distancing practices, has propelled demand for PCs, notebooks and peripheral accessories. In addition, the growing demand for software and hardware that facilitates work-from-home setting is a key catalyst.
Furthermore, the sector’s resiliency can be attributed to the impressive long-term growth prospects of tech companies. Rapid adoption of cloud computing, along with the integration of AI and machine learning, has been a major growth driver.
The accelerated deployment of 5G technology — the next-generation wireless revolution — is likely to fuel further growth. Moreover, blockchain, IoT, autonomous vehicles, AR/VR, and wearables offer significant growth opportunities.
Choosing the Stocks
It is difficult to pick the right stocks from a wide range of available investment opportunities.
This is where the Zacks Stock Screener comes in handy. With the help of this screener, we have filtered four stocks that are incredible for retirement investment planning. These stocks carry a Zacks Rank #1 (Strong Buy) or #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Also, the stocks have a VGM Score of A or B. Per the Zacks’ proprietary methodology, stocks with such favorable combinations offer solid investment opportunities.
Synaptics currently sports a Zacks Rank #1 and has a VGM Score of B. The long-term expected EPS growth for Synaptics is pegged at 10%. This San Jose, CA-based company is well poised to capitalize on its market-leading position for both touchpads and secure fingerprint sensors amid the upbeat trends in PC shipments.
Further, incremental adoption of the company’s edge SoCs integrated with AI and embedded neural network capabilities for smart video and audio devices is driving top-line growth. Additionally, the acquisition of Broadcom’s wireless IoT connectivity business (Jul 23) and the buyout of DisplayLink (Jul 31) have fortified Synaptics’ portfolio offerings.
Virtusa is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovation engineering. Currently, the company is banking on the trend of the growing global demand for digital and cloud transformations.
This Zacks Rank #1 company has a VGM Score of B. The long-term expected EPS growth for Virtusa is pegged at 14%.
Dropbox has been riding on the robust adoption of its latest desktop app driven by the coronavirus crisis, which triggered demand for cloud storage. This Zacks Rank #2 company offers a platform that enables users to access, store, synchronize and share files, photos, videos, songs, and spreadsheets.
Dropbox currently has a VGM Score of B. The long-term expected EPS growth for the company is pegged at 34.4%.
eGain Corp is benefiting from the robust adoption of SaaS and on-premise business-to-consumer (B2C) customer engagement solutions. The company’s solutions have been, in fact, adopted by notable enterprise customers that include Avon, Comcast, Fiserv and Vodafone.
This Zacks Rank #2 company has a VGM Score of B. The long-term expected EPS growth for eGain is pegged at 20%.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.