5 Top Tech Stocks to Buy Right Now!
This year has been quite challenging for equities. A lot is happening worldwide, including booming energy prices, high inflation, and interest rates, and the Russian invasion of Ukraine. 😔 All these factors created a tough environment for individuals to invest in stocks! However, some tech stocks can help you reap maximum returns! 📈
These tech stocks don’t always guarantee that you to be a huge market winner, but past trends have shown that they deliver huge price gains!
I am listing the top five tech stocks that you can consider investing in, in the fourth quarter. ⬇️
5 Top Tech Stocks to Buy
1. Juniper Networks
Juniper Networks provides solutions to network operations and also manufactures networking products.
Juniper showed an excellent earnings report in the months of October and November 2022.
CEO Rami Rahim quoted: Juniper successfully recorded incredible revenue results in the September quarter.
- Composite Rating: 91 (on 1–99 scale with 99 tops)
- Latest-quarter sales % change: 19%
- Latest-quarter EPS % change: +26%
- Annual return on equity: 13%
- Five-year EPS growth rate: -3%
2. SMCI Stock
Super Micro Computer excels in providing services in cloud computing, artificial intelligence, and making storage systems for data centers.
In November 2022, it showed huge earnings!
- Composite Rating: 99
- Latest-quarter sales % change: 79%
- Latest-quarter EPS % change: +490%
- Five-year annualized EPS growth rate: 38%
- Up/down volume ratio: 1.5
- Annual return on equity: 25%
3. ANET Stock
Arista Networks is another great option to invest in. The revenue growth is booming at an all-time high, with the earnings growth continually accelerating for 4 quarters.
- Composite Rating: 99
- Latest-quarter sales % change: 57%
- Latest-quarter EPS % change: +69%
- Three-year annualized EPS growth rate: 18%
- Up/down volume ratio: 1.2
- Annual return on equity: 25%
4. MEDP Stock
Medpace is known to provide medical device development services. Further, it handles clinical trials for giant drug companies.
The company recently exceeded expectations in Q3 earnings and generated impressive revenue. Hence, Medpace is a great option and one of the best stocks to buy.
- Composite Rating: 95
- Latest-quarter sales % change: 30%
- Five-year annualized EPS growth rate: 32%
- Latest-quarter EPS % change: +59%
- Up/down volume: 1.9
- Annual return on equity: 21%
5. IRDM Stock
Iridium Communications is a well-known firm that provides data communication services. It has been able to achieve its first-ever annual profit in the year 2022. It is predicted that the growth will surge in 2023 as well.
- Composite Rating: 84
- Latest-quarter EPS % change: n/a
- Latest-quarter sales % change: +14%
- Five-year EPS growth rate: n/a
- Up/down volume ratio: 1.3
- Annual return on equity: n/a
I hope these insights help you understand the ongoing top tech stocks in the market today. 📈
Meet you soon with some more content! 😊👋🏼
