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Zacks Investment Ideas feature highlights: Motorola Solutions, MongoDB and Zscaler
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For Immediate Release
Chicago, IL – January 23, 2023 – Today, Zacks Investment Ideas feature highlights Motorola Solutions Inc. (MSI - Free Report) , MongoDB (MDB - Free Report) and Zscaler (ZS - Free Report) .
Low-Beta Technology: 3 Top Stocks to Consider
The technology sector has been a favorite among investors, providing explosive gains over the last several years.
Still, 2022 was undoubtedly rough for the sector, with a hawkish Federal Reserve and soaring inflation spoiling the fun.
Following the poor performance, many have become aware of these stocks' increased volatility.
However, if investors want to shield themselves from spooky price swings, targeting low-beta technology stocks could provide precisely that.
Beta is a measure of a stock's systematic risk, or volatility, compared to the market as a whole. Generally, the benchmark is the S&P 500, which has a beta of 1.0.
Historically, stocks with a beta higher than 1.0 are more sensitive to the market's movements, while those with a beta less than 1.0 are less susceptible.
Three low-beta technology stocks – Motorola Solutions Inc., MongoDB and Zscaler – could all be considered.
Let's take a closer look at each one.
Motorola Solutions Inc.
Motorola Solutions is a leader in mission-critical communications products, solutions, and services for communities and businesses. MSI is currently a Zacks Rank #2 (Buy).
MSI shares provide exposure to technology paired with an income stream; Motorola Solutions' annual dividend currently yields 1.4%, nicely above its Zacks sector average.
Certainly a positive, the company has been committed to increasingly rewarding its shareholders, growing its payout by more than 11% over the last five years.
In addition, MSI's growth trajectory shouldn't be ignored; earnings are forecasted to climb nearly 12% in its current fiscal year (FY22) and a further 9% in FY23.
The projected earnings growth comes on top of forecasted Y/Y revenue upticks of 9% in FY22 and 6.3% in FY23.
MongoDB
MongoDB provides a developer data platform that offers services and tools necessary to build distributed applications at the performance and scale that users demand.
MDB's earnings outlook has shifted notably higher over the last several months, helping land the stock into a Zacks Rank #2 (Buy).
Further, MDB carries a strong growth profile; earnings are forecasted to soar more than 150% in its current fiscal year (FY23) and a further 80% in FY24.
MDB's top line is also healthy, with estimates suggesting Y/Y growth of 44% in FY23 and 23% in FY24.
And for the cherry on top, MongoDB has a stellar earnings track record; MDB has exceeded earnings and revenue estimates in ten consecutive quarters.
Impressively, two of the company's last three bottom line beats have been by triple-digit percentages.
Zscaler
Zscaler is one of the world's leading providers of cloud-based security solutions, offering a full range of enterprise network security services.
Like the stocks above, the company's earnings outlook has recently improved, helping land ZS into a favorable Zacks Rank #2 (Buy).
Increasing demand for cyber-security solutions has benefitted the company significantly, helping it exceed earnings and revenue estimates in each quarter dating back to 2018.
Just in its latest release, Zscaler registered an 11.5% EPS surprise and reported revenue 4.3% above expectations.
Bottom Line
As we're all aware, 2022 was packed with volatility, with violent price swings occurring regularly.
However, targeting low-beta stocks can help shield investors against volatility, as these stocks are less susceptible to the market's movements.
For those who seek exposure to tech, all three low-beta stocks above – Motorola Solutions, MongoDB and Zscaler – fit the criteria.
In addition, all three have seen their earnings estimates drift higher as of late, indicating favorable business outlooks.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
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/performancefor information about the performance numbers displayed in this press release.
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Zacks Investment Ideas feature highlights: Motorola Solutions, MongoDB and Zscaler
For Immediate Release
Chicago, IL – January 23, 2023 – Today, Zacks Investment Ideas feature highlights Motorola Solutions Inc. (MSI - Free Report) , MongoDB (MDB - Free Report) and Zscaler (ZS - Free Report) .
Low-Beta Technology: 3 Top Stocks to Consider
The technology sector has been a favorite among investors, providing explosive gains over the last several years.
Still, 2022 was undoubtedly rough for the sector, with a hawkish Federal Reserve and soaring inflation spoiling the fun.
Following the poor performance, many have become aware of these stocks' increased volatility.
However, if investors want to shield themselves from spooky price swings, targeting low-beta technology stocks could provide precisely that.
Beta is a measure of a stock's systematic risk, or volatility, compared to the market as a whole. Generally, the benchmark is the S&P 500, which has a beta of 1.0.
Historically, stocks with a beta higher than 1.0 are more sensitive to the market's movements, while those with a beta less than 1.0 are less susceptible.
Three low-beta technology stocks – Motorola Solutions Inc., MongoDB and Zscaler – could all be considered.
Let's take a closer look at each one.
Motorola Solutions Inc.
Motorola Solutions is a leader in mission-critical communications products, solutions, and services for communities and businesses. MSI is currently a Zacks Rank #2 (Buy).
MSI shares provide exposure to technology paired with an income stream; Motorola Solutions' annual dividend currently yields 1.4%, nicely above its Zacks sector average.
Certainly a positive, the company has been committed to increasingly rewarding its shareholders, growing its payout by more than 11% over the last five years.
In addition, MSI's growth trajectory shouldn't be ignored; earnings are forecasted to climb nearly 12% in its current fiscal year (FY22) and a further 9% in FY23.
The projected earnings growth comes on top of forecasted Y/Y revenue upticks of 9% in FY22 and 6.3% in FY23.
MongoDB
MongoDB provides a developer data platform that offers services and tools necessary to build distributed applications at the performance and scale that users demand.
MDB's earnings outlook has shifted notably higher over the last several months, helping land the stock into a Zacks Rank #2 (Buy).
Further, MDB carries a strong growth profile; earnings are forecasted to soar more than 150% in its current fiscal year (FY23) and a further 80% in FY24.
MDB's top line is also healthy, with estimates suggesting Y/Y growth of 44% in FY23 and 23% in FY24.
And for the cherry on top, MongoDB has a stellar earnings track record; MDB has exceeded earnings and revenue estimates in ten consecutive quarters.
Impressively, two of the company's last three bottom line beats have been by triple-digit percentages.
Zscaler
Zscaler is one of the world's leading providers of cloud-based security solutions, offering a full range of enterprise network security services.
Like the stocks above, the company's earnings outlook has recently improved, helping land ZS into a favorable Zacks Rank #2 (Buy).
Increasing demand for cyber-security solutions has benefitted the company significantly, helping it exceed earnings and revenue estimates in each quarter dating back to 2018.
Just in its latest release, Zscaler registered an 11.5% EPS surprise and reported revenue 4.3% above expectations.
Bottom Line
As we're all aware, 2022 was packed with volatility, with violent price swings occurring regularly.
However, targeting low-beta stocks can help shield investors against volatility, as these stocks are less susceptible to the market's movements.
For those who seek exposure to tech, all three low-beta stocks above – Motorola Solutions, MongoDB and Zscaler – fit the criteria.
In addition, all three have seen their earnings estimates drift higher as of late, indicating favorable business outlooks.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
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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/performancefor information about the performance numbers displayed in this press release.