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Finding companies with the criteria you want isn’t always easy. You could spend hours searching ticker after ticker, only to find companies which aren’t worthy of your hard earned cash. An easier way to navigate through this is by using high quality stock screeners. Screening helps investors narrow down companies to invest in based on their ability to meet every criteria selected. Any company who misses even one of the criteria requirements will be filtered out.
This lets one easily choose ideal metrics. Screens are effective because they sift out bad stocks and only keep the cream of the crop in. It isn’t always easy to create an effective screen. Our Zacks Premium Screens have helped with this, bringing profits to many investors over time. Our predefined criteria are chosen carefully to capture special kinds of companies.
Today, we’ve dug up 5 stocks using one of our premium screens known as “Sales & Earnings Growth Winners”. Some of the metrics of this screen requires a stock to have trading volume above 100,000 shares per day, a forward PE under 20, and a Zacks Rank #2 (Buy) or better. I’ve only included tech stocks that passed this screen because the sector has high growth expectations over the long run.
ARRIS International Plc-
Arris International is an IP, video, and broadband technology company. It offers video infrastructure, delivery networks, home and business connectivity, devices, and other related products. Arris is a Zacks Rank #1 (Strong Buy) and it has a market cap of $5.16 billion. Earnings are forecasted to grow by 36.7% this year, and the company has a trailing ROE of 19.93%. ARRS shows strong growth potential, and it is promising to see that sales are projected to grow by 41.5% this year.
Arris stock looks cheap across quite a few valuation metrics. Shares trade at a forward PE of 10.53, and its price-to-book ratio is relatively tame at 1.77. Arris’ price to sales is just 0.76, and this exceeds the industry’s average price-to-sales of 1.49 by a notable margin. The corporation is not too leveraged, as it has debt-to-equity of just 0.77. ARRS has a PEG of just 0.60, so it may be undervalued relative to its long term growth rate.
Qorvo Inc. provides technologies and RF solutions for aerospace, defense, infrastructure, and mobile applications. Its products are used for wireless communications applications such as cellular and PCS, cordless telephone, wireless LANs, industrial radios, wireless security, and remote meter reading. QRVO stock is a Zacks Rank #1 (Strong Buy) and it has a grade of “B” for value in our Style Scores.
Sales and earnings are projected to grow by 19% this year. In addition to showing growth potential, QRVO shows fiscal responsibility by having a current ratio of 3.53 and a low debt-to-capital of 16.41%. Qorvo shares currently trade at a price-to-earnings of 13.28, and its PEG of 0.86 may suggest that there is value present.
Semiconductor Manufacturing International Corporation-(SMI - Free Report)
Semiconductor Manufacturing International Corporation, also known as SMIC, is a semiconductor foundry that provides integrated circuit manufacturing service at 0.35 micron to 65 nanometer and finer line technologies. SMIC is based in China, but it also has customer service and marketing offices in the US, Europe, and Japan. SMI stock is a Zacks Rank #2 (Buy) and it gets a grade of “A” for value in our Style Scores.
Like Qorvo, SMIC looks attractive across a range of valuation metrics. The company’s shares are currently trading at a price-to-book of 1, so it could be undervalued. Semiconductor Manufacturing International Corporation has a forward PE of 13.21 and a PEG of 0.85. When a company’s PEG is under one, it could be undervalued relative to its long term growth rate. Sales are projected to grow by 27.5% this year, while EPS is forecasted to increase by 21.87%.
j2 Global Inc-
j2 Global Inc. provides cloud-based communications and storage messaging services. It offers online fax, virtual voice, hosted email, email marketing, online backup, and unified communications services. Some of the corporation’s brands include eFax, eVoice, Electric Mail, Campaigner, KeepItSafe, and Onebox. JCOM stock is a Zacks Rank #2 (Buy) and it has a market cap of $3.16 billion. It’s worth noting that the stock doles out a 2.1% dividend to shareholders.
j2 Global has a score of “B” across each of our Style Score categories (value, growth, and momentum). JCOM trades at a PEG of 0.92, and it also has a low PE of just 13.84. The cloud firm has a nice capital structure, as it has a current ratio and debt-to-capital of 2.66 and 0.39 respectively. This year, revenues are expected to grow by 18.8%. The company has been profitable, clocking in a trailing twelve month net margin of 17%. In addition to increasing sales, j2 looks to pick up growth on the bottom line, with EPS forecasted to climb by a whopping 74% this year.
Taiwan Semiconductor Manufacturing Company Ltd-(TSM - Free Report)
Taiwan Semiconductor Manufacturing Company, or TSMC for short, is the world’s largest integrated circuit foundry. By using advanced production processes, the corporation manufactures ICs for its customers based on their proprietary IC designs. TSM stock is a Zacks Rank #2 (Buy), and it is the largest company in this article, boasting a market capitalization of $148.52 billion.
TSM stock has a low PEG of 1, and a forward PE of 15. It also boasts a great deal of profitability, and it posted a (TTM) net margin of 33.94%. In spite of its large size, Taiwan Semiconductor Manufacturing Company has managed to grow sales consistently in each of the last five years. Compared to five years ago, sales have grown by 82.7%.
Bottom Line
One magical screening ingredient which can’t be overlooked is a Zacks Rank #2 (Buy) or better. The rank helps to find companies which look like dependable earnings candidates. In addition to this great metric, the Zacks Premium Screens help you to add other criteria to find the most superior investment choices. While this article outlined potential candidates from one screen, the Zacks Premium service gives you access to the “Sales& Earnings Growth Winners” and 45 other premium screens designed to give you superior investment returns.
To use Zacks Premium Screens to find more stock picks based on criteria that’s most important to you— plus, gain access to the Zacks Rank for your stocks, mutual funds and ETFs; Zacks Style Scores, Equity Research Reports; Focus List portfolio of 50-longer-term stocks and more—start your 30-day free trial to Zacks Premium.
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5 Cheap Tech Stocks with High Growth Potential
Finding companies with the criteria you want isn’t always easy. You could spend hours searching ticker after ticker, only to find companies which aren’t worthy of your hard earned cash. An easier way to navigate through this is by using high quality stock screeners. Screening helps investors narrow down companies to invest in based on their ability to meet every criteria selected. Any company who misses even one of the criteria requirements will be filtered out.
This lets one easily choose ideal metrics. Screens are effective because they sift out bad stocks and only keep the cream of the crop in. It isn’t always easy to create an effective screen. Our Zacks Premium Screens have helped with this, bringing profits to many investors over time. Our predefined criteria are chosen carefully to capture special kinds of companies.
Today, we’ve dug up 5 stocks using one of our premium screens known as “Sales & Earnings Growth Winners”. Some of the metrics of this screen requires a stock to have trading volume above 100,000 shares per day, a forward PE under 20, and a Zacks Rank #2 (Buy) or better. I’ve only included tech stocks that passed this screen because the sector has high growth expectations over the long run.
ARRIS International Plc-
Arris International is an IP, video, and broadband technology company. It offers video infrastructure, delivery networks, home and business connectivity, devices, and other related products. Arris is a Zacks Rank #1 (Strong Buy) and it has a market cap of $5.16 billion. Earnings are forecasted to grow by 36.7% this year, and the company has a trailing ROE of 19.93%. ARRS shows strong growth potential, and it is promising to see that sales are projected to grow by 41.5% this year.
Arris stock looks cheap across quite a few valuation metrics. Shares trade at a forward PE of 10.53, and its price-to-book ratio is relatively tame at 1.77. Arris’ price to sales is just 0.76, and this exceeds the industry’s average price-to-sales of 1.49 by a notable margin. The corporation is not too leveraged, as it has debt-to-equity of just 0.77. ARRS has a PEG of just 0.60, so it may be undervalued relative to its long term growth rate.
Qorvo Inc-(QRVO - Free Report)
Qorvo Inc. provides technologies and RF solutions for aerospace, defense, infrastructure, and mobile applications. Its products are used for wireless communications applications such as cellular and PCS, cordless telephone, wireless LANs, industrial radios, wireless security, and remote meter reading. QRVO stock is a Zacks Rank #1 (Strong Buy) and it has a grade of “B” for value in our Style Scores.
Sales and earnings are projected to grow by 19% this year. In addition to showing growth potential, QRVO shows fiscal responsibility by having a current ratio of 3.53 and a low debt-to-capital of 16.41%. Qorvo shares currently trade at a price-to-earnings of 13.28, and its PEG of 0.86 may suggest that there is value present.
Semiconductor Manufacturing International Corporation-(SMI - Free Report)
Semiconductor Manufacturing International Corporation, also known as SMIC, is a semiconductor foundry that provides integrated circuit manufacturing service at 0.35 micron to 65 nanometer and finer line technologies. SMIC is based in China, but it also has customer service and marketing offices in the US, Europe, and Japan. SMI stock is a Zacks Rank #2 (Buy) and it gets a grade of “A” for value in our Style Scores.
Like Qorvo, SMIC looks attractive across a range of valuation metrics. The company’s shares are currently trading at a price-to-book of 1, so it could be undervalued. Semiconductor Manufacturing International Corporation has a forward PE of 13.21 and a PEG of 0.85. When a company’s PEG is under one, it could be undervalued relative to its long term growth rate. Sales are projected to grow by 27.5% this year, while EPS is forecasted to increase by 21.87%.
j2 Global Inc-
j2 Global Inc. provides cloud-based communications and storage messaging services. It offers online fax, virtual voice, hosted email, email marketing, online backup, and unified communications services. Some of the corporation’s brands include eFax, eVoice, Electric Mail, Campaigner, KeepItSafe, and Onebox. JCOM stock is a Zacks Rank #2 (Buy) and it has a market cap of $3.16 billion. It’s worth noting that the stock doles out a 2.1% dividend to shareholders.
j2 Global has a score of “B” across each of our Style Score categories (value, growth, and momentum). JCOM trades at a PEG of 0.92, and it also has a low PE of just 13.84. The cloud firm has a nice capital structure, as it has a current ratio and debt-to-capital of 2.66 and 0.39 respectively. This year, revenues are expected to grow by 18.8%. The company has been profitable, clocking in a trailing twelve month net margin of 17%. In addition to increasing sales, j2 looks to pick up growth on the bottom line, with EPS forecasted to climb by a whopping 74% this year.
Taiwan Semiconductor Manufacturing Company Ltd-(TSM - Free Report)
Taiwan Semiconductor Manufacturing Company, or TSMC for short, is the world’s largest integrated circuit foundry. By using advanced production processes, the corporation manufactures ICs for its customers based on their proprietary IC designs. TSM stock is a Zacks Rank #2 (Buy), and it is the largest company in this article, boasting a market capitalization of $148.52 billion.
TSM stock has a low PEG of 1, and a forward PE of 15. It also boasts a great deal of profitability, and it posted a (TTM) net margin of 33.94%. In spite of its large size, Taiwan Semiconductor Manufacturing Company has managed to grow sales consistently in each of the last five years. Compared to five years ago, sales have grown by 82.7%.
Bottom Line
One magical screening ingredient which can’t be overlooked is a Zacks Rank #2 (Buy) or better. The rank helps to find companies which look like dependable earnings candidates. In addition to this great metric, the Zacks Premium Screens help you to add other criteria to find the most superior investment choices. While this article outlined potential candidates from one screen, the Zacks Premium service gives you access to the “Sales& Earnings Growth Winners” and 45 other premium screens designed to give you superior investment returns.
To use Zacks Premium Screens to find more stock picks based on criteria that’s most important to you— plus, gain access to the Zacks Rank for your stocks, mutual funds and ETFs; Zacks Style Scores, Equity Research Reports; Focus List portfolio of 50-longer-term stocks and more—start your 30-day free trial to Zacks Premium.