Below are the three IT sector stocks which are widely discussed among investors these days.
Altium Limited (ASX: ALU)
Altium Limited (ASX: ALU), established in 1985 and headquartered in La Jolla, California, develops and sells computer software for product design of electronics in the United States and worldwide. The three primary business segments comprise Board and Systems, Electronic System Solutions, and Cloud Applications. It serves various sectors including the automotive, communications, military/aerospace, education, contract engineering, consumer electronics, entertainment, industrial systems, bioscience and medical industries.
The company, based in Chatswood, Australia, has a large market capitalisation of AUD 3.33 billion and listed on the Australian Securities Exchange (ASX) with ~130.51 million outstanding shares. With the close of the market on Wednesday, February 6th, 2019, the shares of the ALU stock were trading at $ 26.510, up 3.839% depicting an intra-day gain of $ 0.980 and around 378,072 volume of shares traded. The stock has a 52-week high of $30.510 and a 52-week low of $13.790.
Over the past six months, the share price delivered a return of 25.39%, exhibiting a strong uptrend with minor fluctuations. The YTD return also stands positively at 18.14% further adding to the appeal of the stock.
The company is expected to announce the fiscal 2019 half yearly results on Monday, February 18th, 2019.
Wisetech Global Limited (ASX: WTC)
The Alexandria, Australia- based Wisetech Global Limited (ASX: WTC) constructs and provides cloud-based software solutions to the global logistics industry, thereby simplifying the movement and storage of goods and information for the clients including multinationals, medium and small-sized regional and domestic enterprises. Its primary product is CargoWise One, a single-platform software solution to improve productivity, automation, integration, and communication across the supply chain.
On the ASX, the company has a market capitalisation of ~A$6.16 billion and ~301.09 million outstanding shares. With the close of the trading session on February 6th, WTC’s stock was trading at $21.150, up 3.423% indicating an intra-day gain of $0.700 and 460,885 volume of shares traded. The stock has generated a high six-month return of 37.71% with YTD return also standing positive at 20.08%. It also has a 52-week high of $25.00.
Besides, the company recently completed a strategic acquisition of Norway-based customs management solutions provider Systema AS. The combination of Systema’s customs and cross-border expertise and WTC’s strong global innovation and development capabilities will help both the firms excel internationally.
The company will release its 1H2019 Results on Wednesday, February 20th as announced.
Xero Limited (ASX: XRO)
Xero Limited (ASX: XRO), established in 2006 and headquartered in Wellington, New Zealand, together with its subsidiaries, is a global software services company. Its principal product Xero, a cloud-based accounting software, links small businesses with their advisors across various business lines such as retail, Amazon sellers, hospitality, high tech, legal, non-profit, start-ups, construction and others.
With a large market capitalisation of ~$6.16 billion, XERO is listed on the ASX with ~140,64m outstanding shares. As of the last closed trading session on February 6th, the shares price of the XRO stock stood at $45.00, up 2.763% indicating an intra-day gain of $1.210. Around 605,306 shares were traded during the day.
The stock generated a positive return of 0.46% over the last six months and a YTD return of 4.39%. It has a 52-week high of $52.570 and a 52-week low of $29.810.
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.