AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
The Nasdaq in the US has lately tumbled and just entered a bear market, and along with the rising interest rates and the trade war tensions, investors are almost looking for the sidelines. However, Nasdaq remains up at around 6584.52 as at December 31, 2018 compared to the beginning of the year. Technology is broadly turning into a necessity, and computing is getting embedded in the world, and we seem to be entering the era of digital technology. Two stocks that are doing well today are as mentioned.
WISETECH GLOBAL LIMITED (ASX:WTC) â Its seamless entry into new markets with industry experts, quality customer base, local leadership, and local infrastructure and offices proved to be very positive and led to a reduction in risk which is termed as entry cost. It integrates product immediately and embeds new product over time by utilizing Universal Customs Engine. In recent times the company revenues was up by 44% to $221.6million and experienced powerful growth with net profit after tax increasing to $40.8million. This increase in financials was mainly by the acquisition of strategic assets in adjacent technologies and new geographies and CargoWise One technology platform. Investing more than 50% of the people in product development and more than 34% of the revenue, the company is further expanding the pipeline of commercializing innovations. The stock has surged up 2.549% to trade at $16.900 with increase in bottom line. The performance change for the stock is 16.06% in the past 12 months. The company has an annual dividend yield of 0.16%. The stock has a significantly high P/E of 118.560 and EPS of 0.139 AUD. Â
ALTIUM LIMITED (ASX:ALU) â As compared to the FY 2017, with 26% revenue growth and 34% growth in net profit the company reported strong results, during the financial year 2018. From the United States to China to Europe, and from TASKING to Octopart it has a robust performance in all business units and markets. The company has delivered double-digit revenue growth and resultant to which it has expanded its EBITDA profit margin to achieve the 2020 targets of US$200 million in revenue and an EBITDA margin of 35% or more. The companyâs earnings per share (EPS) was up by 33% which are at US 28.86 cents on the previous year. The company has committed itself to have 100,000 paid subscribers before 2025. The stock has surged up 3.728% to trade at $21.700 with positive financial results. The performance change for the stock is 56.59% in the past 12 months. The company has an annual dividend yield of 1.29%. The stock has a significantly high P/E of 53.570 and EPS of 0.391 AUD.
Disclaimer
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.
