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3 Tech Stocks Seeing +400% Earnings Growth This Year
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There are several growth-oriented investment prospects in the market, and it is not too surprising to see that many of these investment candidates are companies that operate in the ever-advancing technology sector. Indeed, technology has shaped our world into what it is today, and there is no question that it will continue to impact and change many facets of our lives going forward.
We’ve found some great Buy-ranked tech companies that have seen their share prices heading upwards in recent history. These investment candidates are expected to see incredible EPS (earnings per share) and sales growth this year, and they are also small-cap companies, so they could have the potential to grow their market caps significantly over the long run.
PCM Inc-
PCM Inc. engages in providing technology solutions to businesses, government and educational institutions, and individual consumers. The company recently posted its second quarter results for 2016, and the company has made great strides over the quarter. Compared to the same quarter last year, sales and gross profit grew by 21% and 34% respectively. The company has increased their full-year earnings outlook for two straight quarters in a row, and it now expects full year adjusted EPS to be between $1.51 and $1.64.
PCM Inc. is a Zacks Rank #1 (Strong Buy), and it has a market cap of $209 million. PCM’s earnings are projected to grow by a whopping 728.95% this year. Its sales are also forecasted to increase significantly, with projected revenues growth of 33.62% for fiscal 2016. On top of all this, PCMI stock looks cheap, as it trades at a forward PE of just 11.40.
Gigamon provides intelligent traffic visibility solutions for enterprises, data centers, and service providers. Their Unified Visibility Fabric delivers pervasive visibility of network traffic across communication networks. The fabric enables IT firms to forward traffic from network infrastructure to management, analysis, and compliance and security tools. The company recently topped sales expectations when it reported its second quarter results. Sales grew to $75.1 million, and this represents a year-over-year increase of 46%.
GIMO is a Zacks Rank #2 (Buy) and sales are projected to grow by 32.39% this year. The company is profitable, and it has a trailing twelve month net margin of 16.46%. Gigamon’s earnings are expected to grow significantly, with EPS forecasted to increase by 905.55% this year. Our current year EPS consensus for GIMO stands at $0.48 right now.
TTM Technologies provides time-critical, one-stop manufacturing services for highly complex printed circuit boards. These boards are used in all kinds of devices, such as routers, switches, computer memory modules, and communications infrastructure equipment. The company’s sales grew by 35% compared to the same quarter last year, and Q2 revenues totaled $601.8 million. TTM beat the EPS consensus estimate by 42% for the most recent quarter. Within the last seven days, our current quarter EPS has increased, going from $0.26 to $0.32.
TTMI is a Zacks Rank #1 (Strong Buy) and it has a beta of 1.71. The company has seen its shares rally by over 22% since reporting its earnings results, but it is still trading at a low forward PE of 9.84. This year, sales and earnings are expected to grow by 18% and 417.86% respectively. It’s worth noting that TTM Technologies scores an “A” in each of our Style Score Categories for Value, Growth, and Momentum.
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3 Tech Stocks Seeing +400% Earnings Growth This Year
There are several growth-oriented investment prospects in the market, and it is not too surprising to see that many of these investment candidates are companies that operate in the ever-advancing technology sector. Indeed, technology has shaped our world into what it is today, and there is no question that it will continue to impact and change many facets of our lives going forward.
We’ve found some great Buy-ranked tech companies that have seen their share prices heading upwards in recent history. These investment candidates are expected to see incredible EPS (earnings per share) and sales growth this year, and they are also small-cap companies, so they could have the potential to grow their market caps significantly over the long run.
PCM Inc-
PCM Inc. engages in providing technology solutions to businesses, government and educational institutions, and individual consumers. The company recently posted its second quarter results for 2016, and the company has made great strides over the quarter. Compared to the same quarter last year, sales and gross profit grew by 21% and 34% respectively. The company has increased their full-year earnings outlook for two straight quarters in a row, and it now expects full year adjusted EPS to be between $1.51 and $1.64.
PCM Inc. is a Zacks Rank #1 (Strong Buy), and it has a market cap of $209 million. PCM’s earnings are projected to grow by a whopping 728.95% this year. Its sales are also forecasted to increase significantly, with projected revenues growth of 33.62% for fiscal 2016. On top of all this, PCMI stock looks cheap, as it trades at a forward PE of just 11.40.
PCMI INC EPS Diluted (Quarterly)
PCMI INC EPS Diluted (Quarterly) | PCMI INC Quote
Gigamon Inc-
Gigamon provides intelligent traffic visibility solutions for enterprises, data centers, and service providers. Their Unified Visibility Fabric delivers pervasive visibility of network traffic across communication networks. The fabric enables IT firms to forward traffic from network infrastructure to management, analysis, and compliance and security tools. The company recently topped sales expectations when it reported its second quarter results. Sales grew to $75.1 million, and this represents a year-over-year increase of 46%.
GIMO is a Zacks Rank #2 (Buy) and sales are projected to grow by 32.39% this year. The company is profitable, and it has a trailing twelve month net margin of 16.46%. Gigamon’s earnings are expected to grow significantly, with EPS forecasted to increase by 905.55% this year. Our current year EPS consensus for GIMO stands at $0.48 right now.
GIGAMON INC Revenue (Quarterly)
GIGAMON INC Revenue (Quarterly) | GIGAMON INC Quote
TTM Technologies Inc-(TTMI - Free Report)
TTM Technologies provides time-critical, one-stop manufacturing services for highly complex printed circuit boards. These boards are used in all kinds of devices, such as routers, switches, computer memory modules, and communications infrastructure equipment. The company’s sales grew by 35% compared to the same quarter last year, and Q2 revenues totaled $601.8 million. TTM beat the EPS consensus estimate by 42% for the most recent quarter. Within the last seven days, our current quarter EPS has increased, going from $0.26 to $0.32.
TTMI is a Zacks Rank #1 (Strong Buy) and it has a beta of 1.71. The company has seen its shares rally by over 22% since reporting its earnings results, but it is still trading at a low forward PE of 9.84. This year, sales and earnings are expected to grow by 18% and 417.86% respectively. It’s worth noting that TTM Technologies scores an “A” in each of our Style Score Categories for Value, Growth, and Momentum.
TTM TECHNOLOGIE Revenue (TTM)
TTM TECHNOLOGIE Revenue (TTM) | TTM TECHNOLOGIE Quote
The Zacks Rank is a truly marvelous trading tool. Our ranking system has beaten the S&P 500, yielding an average return of 25% per year for the last 29 years! 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 >>