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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.20% per year. These returns cover a period from January 1, 1988 through April 1, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
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Digi International Inc. (DGII - Free Report) is a leading global provider of business and mission-critical Internet of Things (IoT) products and services. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. DGII is quite a good fit in this regard, gaining by double digits over this period. Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements. Its Average Broker Recommendation of #1 (Strong Buy), indicates that the brokerage community is highly optimistic about the stock's near-term price performance. While the historical EPS growth rate for Digi International is in double digits, investors should actually focus on the projected growth. The company's EPS is expected to grow by triple digits this year, crushing the industry average.
Pure Storage Inc. (PSTG - Free Report) provides software-defined all-flash solutions that are uniquely fast and cloud-capable for customers.Pure Storage’s Q2 performance was driven by momentum in subscription services’ revenues, as well as revenue growth in both domestic and international segments. Subscription services’ revenues is benefitting from robust adoption of Evergreen subscription services and synergies from Portworx acquisition. Strength in FlashArray and FlashBlade businesses as well as strong growth prospects in the data-driven markets of Artificial Intelligence (AI) and machine learning (ML) bode well. The company provided upbeat outlook for fiscal 2023 revenues. Shares of the company have outperformed the industry year to date. Pure Storage has a strong balance sheet with ample liquidity position.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Get the latest research report on DGII - FREE
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