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5 Buy-Ranked Tech Stocks Posting Huge Price Gains In May
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“Sell in May and go away” has not been the greatest move to make in 2016, especially if you’re heavily invested in tech stocks. Indeed, the tech sector (XLK - Free Report) yielded the highest returns out of all sectors tracked by SPDR ETFs, netting gains north of 4% in May alone.
Over 100 tech companies saw share price returns north of 20% over the last four weeks. Not all of these are worth buying though, so we’ve selected five tech stocks which may prove to be superior investments over the short term. These 5 buy-ranked tech stocks saw the largest share price gains out of all stocks with a Zacks Rank #2 (Buy) or better over the last four weeks.
NetEase is an IT company focused on developing applications, services, and other technologies for the internet in China. From game creation to providing online advertising services, the company has a diverse line of segments from which it generates revenues. NetEase is a Zacks Rank #1 (Strong Buy), and its shares have gained 29% over the last four weeks.
NetEase boasts superior profitability, posting a trailing twelve month net margin of 29%. Since 2013, NetEase has seen its annual sales double. Great things are expected this year as well, with sales projected to grow by 50.42%.
MaxPoint Interactive Inc-
MaxPoint Interactive provides business intelligence and digital marketing solutions. The company is a Zacks Rank #2 (Buy), and its stock has climbed up by 30.55% over the last month.
MaxPoint has a market cap of just $69 million. It also experiences a lot of volatility, as it has a beta of 3.09. It trades at a price-to-book of just 1.59. MXPT has done well in growing sales significantly in each of the last three years, but it has been struggling on the profits front. The company has beaten our EPS consensus estimate in each of the last four quarters. It also has an “A” for growth in our Style Scores.
Ceragon is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises, and government organizations. The company has seen its share price increase by 48.72% over the last four weeks. Ceragon has a market capitalization of $135.13 million.
Ceragon has been struggling to grow sales over the last few years. However, the company has improved its profitability from 2014 to 2015. CRNT has also done well in paying down its debt over the last two years. Ceragon has beaten our EPS consensus estimate in each of the last three quarters.
Marketo Inc-
Marketo Inc. provides digital marketing software and solutions. Its cloud-based software platform helps companies engage their customers using marketing automation tools. Marketo’s stock is a Zacks Rank #2 (Buy), and its shares have surged by a massive 68.4% over the last four weeks.
The company has a market cap of $1.57 billion, and its sales are projected to grow by 30.04% this year. Revenues have been growing by a massive clip each year since 2011. Analysts have been revising their earnings estimates upwards for the company. One analyst has revised their quarterly earnings estimate upwards over the last 60 days. No analysts have posted any negative EPS estimate revisions over that same time frame.
EnSync develops, licenses, and manufactures energy management systems solutions. Its energy storage solutions are based upon zinc bromide rechargeable electrical energy storage technology and power electronics systems. The corporation has a Zacks Rank #2 (Buy), and its shares have pickup up 73.63% over the last month. ESNC has a market cap of $20.03 million. The stock is somewhat volatile, as it has a beta of 1.98.
EnSync has been struggling with achieving profitability, but earnings estimates have been trending upwards over the last 60 days. Two analysts have raised their quarterly EPS estimates for EnSync upwards over the last two months. ESNC has beaten our EPS consensus estimate in three of the last four quarters. The corporation’s sales are projected to grow by 432.88% this year.
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5 Buy-Ranked Tech Stocks Posting Huge Price Gains In May
“Sell in May and go away” has not been the greatest move to make in 2016, especially if you’re heavily invested in tech stocks. Indeed, the tech sector (XLK - Free Report) yielded the highest returns out of all sectors tracked by SPDR ETFs, netting gains north of 4% in May alone.
Over 100 tech companies saw share price returns north of 20% over the last four weeks. Not all of these are worth buying though, so we’ve selected five tech stocks which may prove to be superior investments over the short term. These 5 buy-ranked tech stocks saw the largest share price gains out of all stocks with a Zacks Rank #2 (Buy) or better over the last four weeks.
NetEase Inc-(NTES - Free Report)
NetEase is an IT company focused on developing applications, services, and other technologies for the internet in China. From game creation to providing online advertising services, the company has a diverse line of segments from which it generates revenues. NetEase is a Zacks Rank #1 (Strong Buy), and its shares have gained 29% over the last four weeks.
NetEase boasts superior profitability, posting a trailing twelve month net margin of 29%. Since 2013, NetEase has seen its annual sales double. Great things are expected this year as well, with sales projected to grow by 50.42%.
MaxPoint Interactive Inc-
MaxPoint Interactive provides business intelligence and digital marketing solutions. The company is a Zacks Rank #2 (Buy), and its stock has climbed up by 30.55% over the last month.
MaxPoint has a market cap of just $69 million. It also experiences a lot of volatility, as it has a beta of 3.09. It trades at a price-to-book of just 1.59. MXPT has done well in growing sales significantly in each of the last three years, but it has been struggling on the profits front. The company has beaten our EPS consensus estimate in each of the last four quarters. It also has an “A” for growth in our Style Scores.
Ceragon Networks Ltd-(CRNT - Free Report)
Ceragon is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises, and government organizations. The company has seen its share price increase by 48.72% over the last four weeks. Ceragon has a market capitalization of $135.13 million.
Ceragon has been struggling to grow sales over the last few years. However, the company has improved its profitability from 2014 to 2015. CRNT has also done well in paying down its debt over the last two years. Ceragon has beaten our EPS consensus estimate in each of the last three quarters.
Marketo Inc-
Marketo Inc. provides digital marketing software and solutions. Its cloud-based software platform helps companies engage their customers using marketing automation tools. Marketo’s stock is a Zacks Rank #2 (Buy), and its shares have surged by a massive 68.4% over the last four weeks.
The company has a market cap of $1.57 billion, and its sales are projected to grow by 30.04% this year. Revenues have been growing by a massive clip each year since 2011. Analysts have been revising their earnings estimates upwards for the company. One analyst has revised their quarterly earnings estimate upwards over the last 60 days. No analysts have posted any negative EPS estimate revisions over that same time frame.
EnSync Inc-(ESNC - Free Report)
EnSync develops, licenses, and manufactures energy management systems solutions. Its energy storage solutions are based upon zinc bromide rechargeable electrical energy storage technology and power electronics systems. The corporation has a Zacks Rank #2 (Buy), and its shares have pickup up 73.63% over the last month. ESNC has a market cap of $20.03 million. The stock is somewhat volatile, as it has a beta of 1.98.
EnSync has been struggling with achieving profitability, but earnings estimates have been trending upwards over the last 60 days. Two analysts have raised their quarterly EPS estimates for EnSync upwards over the last two months. ESNC has beaten our EPS consensus estimate in three of the last four quarters. The corporation’s sales are projected to grow by 432.88% this year.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>