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The Zacks Analyst Blog Highlights: Aspen Technology, Netgear and Seagate Technology
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For Immediate Release
Chicago, IL – Jan 31, 2018 – 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 Aspen Technology, Inc. (AZPN - Free Report) , Netgear, Inc. (NTGR - Free Report) and Seagate Technology PLC (STX - Free Report) .
It has been an interesting start to the year for the technology sector, as the first wave of market-moving earnings reports has helped show what kind of effect the recent U.S. tax reform will have on several major industries. In the coming days, several tech behemoths will report, and current consensus estimates are showing that it will be another impressive quarter of growth for many favorites.
Considering the current state of the world, tech’s leadership makes sense. Cloud computing and the Internet of Things have already revolutionized our everyday life, and now we are on the cusp of artificial intelligence and autonomous vehicle revolutions that could redefine what it means to be human.
In response to these changing times, investors have poured money into the tech sector in search of the next explosive stock. Even with December’s volatility, we witnessed plenty of noteworthy tech companies start to pick up momentum, including several that are sporting strong Zacks Ranks and other key metrics.
Check out three tech stocks that soared this month to buy now:
1. Aspen Technology, Inc.
Aspen Technology is a recognized expert and leading provider of award-winning process optimization software and services. The stock is currently a Zacks Rank #1 (Strong Buy) and has soared about 20% over the last four weeks. Aspen’s momentum was helped by its strong earnings report.
Last week, the company reported adjusted profits of $0.59 per share, crushing our consensus estimate by nine cents and expanding nearly 13% year-over-year. Meanwhile, revenues of $125 million were up 4.2% and ahead of our consensus estimate of $122 million. On top of this, Aspen’s outlook for the remainder of its current fiscal year and its next fiscal year was strong.
2. Netgear, Inc.
Netgear is a global networking company that delivers innovative products to consumers, businesses and service providers. NTGR is currently sporting a Zacks Rank #2 (Buy), and the stock has moved nearly 19% higher over the last four weeks. Much of this movement can be pegged on the company’s recent innovations.
Within the past month, Netgear has announced the Nighthawk Pro, a high-power router geared towards gamers, and the Orbi Outdoor Satellite, a router that promises to deliver internet connection outside the home. Netgear is expected to report earnings next week. The firm has surpassed earnings estimates in ten-consecutive quarters.
3. Seagate Technology PLC
Seagate Technology offers a portfolio of hard disc drives, solid state drives and solid state hybrid drives. Shares of Seagate have gained more than 30% within the past four weeks, and the stock is currently sporting a Zacks Rank #1 (Strong Buy). Seagate was surging ahead of Monday’s earnings report, which displayed strong results across the board.
Seagate posted earnings of $1.48 per share, beating our consensus estimate by eight cents and growing about 7.2% year-over-year. Total revenues came in at $2.91 billion, surpassing our consensus estimate and expanding marginally. Still, even with its latest share price explosion, Seagate is trading at just 12x forward earnings.
Want more analysis from this author? Make sure to follow @Ryan_McQueeneyon Twitter!
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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: Aspen Technology, Netgear and Seagate Technology
For Immediate Release
Chicago, IL – Jan 31, 2018 – 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 Aspen Technology, Inc. (AZPN - Free Report) , Netgear, Inc. (NTGR - Free Report) and Seagate Technology PLC (STX - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday’s Analyst Blog:
3 Buy-Ranked Stocks That Soared This Month
It has been an interesting start to the year for the technology sector, as the first wave of market-moving earnings reports has helped show what kind of effect the recent U.S. tax reform will have on several major industries. In the coming days, several tech behemoths will report, and current consensus estimates are showing that it will be another impressive quarter of growth for many favorites.
Considering the current state of the world, tech’s leadership makes sense. Cloud computing and the Internet of Things have already revolutionized our everyday life, and now we are on the cusp of artificial intelligence and autonomous vehicle revolutions that could redefine what it means to be human.
In response to these changing times, investors have poured money into the tech sector in search of the next explosive stock. Even with December’s volatility, we witnessed plenty of noteworthy tech companies start to pick up momentum, including several that are sporting strong Zacks Ranks and other key metrics.
Check out three tech stocks that soared this month to buy now:
1. Aspen Technology, Inc.
Aspen Technology is a recognized expert and leading provider of award-winning process optimization software and services. The stock is currently a Zacks Rank #1 (Strong Buy) and has soared about 20% over the last four weeks. Aspen’s momentum was helped by its strong earnings report.
Last week, the company reported adjusted profits of $0.59 per share, crushing our consensus estimate by nine cents and expanding nearly 13% year-over-year. Meanwhile, revenues of $125 million were up 4.2% and ahead of our consensus estimate of $122 million. On top of this, Aspen’s outlook for the remainder of its current fiscal year and its next fiscal year was strong.
2. Netgear, Inc.
Netgear is a global networking company that delivers innovative products to consumers, businesses and service providers. NTGR is currently sporting a Zacks Rank #2 (Buy), and the stock has moved nearly 19% higher over the last four weeks. Much of this movement can be pegged on the company’s recent innovations.
Within the past month, Netgear has announced the Nighthawk Pro, a high-power router geared towards gamers, and the Orbi Outdoor Satellite, a router that promises to deliver internet connection outside the home. Netgear is expected to report earnings next week. The firm has surpassed earnings estimates in ten-consecutive quarters.
3. Seagate Technology PLC
Seagate Technology offers a portfolio of hard disc drives, solid state drives and solid state hybrid drives. Shares of Seagate have gained more than 30% within the past four weeks, and the stock is currently sporting a Zacks Rank #1 (Strong Buy). Seagate was surging ahead of Monday’s earnings report, which displayed strong results across the board.
Seagate posted earnings of $1.48 per share, beating our consensus estimate by eight cents and growing about 7.2% year-over-year. Total revenues came in at $2.91 billion, surpassing our consensus estimate and expanding marginally. Still, even with its latest share price explosion, Seagate is trading at just 12x forward earnings.
Want more analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 4 crypto-related stocks now >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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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.