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Here's Why PCTEL (PCTI) is a Decent Choice for Investors
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Shares of PCTEL, Inc. have returned 39.5% against 3% decline of the industry in the past year. The stock currently sports a Zacks Rank #1 (Strong Buy) and has a VGM Score of A.
The Bloomingdale, IL-based company topped earnings estimates thrice in the last four quarters and matched the same in the remaining quarter. It has a trailing four-quarter positive earnings surprise of 33.9%, on average. The Zacks Consensus Estimate for its current-year earnings has been revised 14.3% upward in the past 60 days.
Growth Drivers
PCTEL is a leading global provider of wireless technology, including purpose-built Industrial IoT devices, antenna systems as well as test and measurement solutions. It is positioned for long-term growth along with its cost structure and competitive products that enable wireless connectivity for mission-critical applications.
In late April, the company unveiled its Trooper TRP-20INT platform that features new models with a designed footprint to allow seamless installation on the leading 2020 police sports utility vehicles. Also, PCTEL announced its new PCTWSLMR-2 Full Spectrum LMR mobile antenna, designed to support OEM multiband land mobile radios that enable interoperability among emergency management and response personnel.
Prior to that, the company added TETRA signal quality measurement capabilities to its scanning receivers and automated PCTEL Public Safety Network Testing Solution. Markedly, its test and measurement solutions verify in-building and outdoor coverage for critical communications networks worldwide. PCTEL enhanced 5G solutions for efficient mmWave and sub-6 GHz deployments.
The company’s 5G scanning receivers have been adopted by dozens of network operators and their service companies in more than 20 countries. As 5G deployments accelerate, PCTEL’s solutions will enable operators and end-users to take full advantage of all available spectrum, including mid-band frequencies worldwide and Citizens Broadband Radio Service in the United States. It is believed that 5G will be PCTEL’s growth driver in the upcoming years.
Turtle Beach has a trailing four-quarter positive earnings surprise of 46.4%, on average.
Acacia has a trailing four-quarter positive earnings surprise of 17.7%, on average. The company’s earnings beat the Zacks Consensus Estimate in three of the last four quarters.
Chegg has a trailing four-quarter positive earnings surprise of 49.9%, on average.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
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Here's Why PCTEL (PCTI) is a Decent Choice for Investors
Shares of PCTEL, Inc. have returned 39.5% against 3% decline of the industry in the past year. The stock currently sports a Zacks Rank #1 (Strong Buy) and has a VGM Score of A.
The Bloomingdale, IL-based company topped earnings estimates thrice in the last four quarters and matched the same in the remaining quarter. It has a trailing four-quarter positive earnings surprise of 33.9%, on average. The Zacks Consensus Estimate for its current-year earnings has been revised 14.3% upward in the past 60 days.
Growth Drivers
PCTEL is a leading global provider of wireless technology, including purpose-built Industrial IoT devices, antenna systems as well as test and measurement solutions. It is positioned for long-term growth along with its cost structure and competitive products that enable wireless connectivity for mission-critical applications.
In late April, the company unveiled its Trooper TRP-20INT platform that features new models with a designed footprint to allow seamless installation on the leading 2020 police sports utility vehicles. Also, PCTEL announced its new PCTWSLMR-2 Full Spectrum LMR mobile antenna, designed to support OEM multiband land mobile radios that enable interoperability among emergency management and response personnel.
Prior to that, the company added TETRA signal quality measurement capabilities to its scanning receivers and automated PCTEL Public Safety Network Testing Solution. Markedly, its test and measurement solutions verify in-building and outdoor coverage for critical communications networks worldwide. PCTEL enhanced 5G solutions for efficient mmWave and sub-6 GHz deployments.
The company’s 5G scanning receivers have been adopted by dozens of network operators and their service companies in more than 20 countries. As 5G deployments accelerate, PCTEL’s solutions will enable operators and end-users to take full advantage of all available spectrum, including mid-band frequencies worldwide and Citizens Broadband Radio Service in the United States. It is believed that 5G will be PCTEL’s growth driver in the upcoming years.
Other Key Picks
Some other top-ranked stocks in the broader industry are Turtle Beach Corporation (HEAR - Free Report) , Acacia Communications, Inc. and Chegg, Inc. (CHGG - Free Report) , each sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Turtle Beach has a trailing four-quarter positive earnings surprise of 46.4%, on average.
Acacia has a trailing four-quarter positive earnings surprise of 17.7%, on average. The company’s earnings beat the Zacks Consensus Estimate in three of the last four quarters.
Chegg has a trailing four-quarter positive earnings surprise of 49.9%, on average.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>