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The below mentioned two technology stocks have witnessed substantial growth in their share prices in the last one year. Further, these stocks have reported positive results in the recent past. Letâs take a closer look at these stocks-
Appen Limited (ASX:APX)
Appen Limited (ASX:APX) develops high-quality, human annotated datasets for machine learning and artificial intelligence and it helps leading technology, automotive and eCommerce companies to develop, enhance and use products that rely on natural languages and machine learning.
The company is expecting its full-year underlying EBITDA for FY 2018 to be in the range of $62 Mn to $65 Mn. Earlier the company was expecting the underlying EBITDA to be in the range of $54m to $59m, however, due to the sharp increase in monthly revenues, largely from existing projects, the company has increased its EBITDA guidance.
In the first half of FY 2018, the company reported revenue of $152.8 million which was 106 percent higher than the previous corresponding period.
In H1 FY 2018 the Underlying EBITDA of the company increased by 100% to $25.6 million as compared to the H1 FY 2017. In H1 FY18, the companyâs board paid an interim dividend of 4.0c per share, fully franked. The interim dividend was 33% higher than the dividend paid in the previous corresponding period.
In the past one year, the share price of Appen Limited increased by 81.36 percent as on 31 January 2019, and in the last six months, it has increased by 46.96 percent. The shares are traded at a PE multiple of 82.060x. APxâs traded at $16.280 (+2.005% intraday) with a market capitalization of circa 1.7 billion as on 1 February 2019. The company has experienced strong operational and stock performance in 2018.
NEXTDC Limited (ASX:NXT)
NEXTDC Limited (ASX:NXT) is Australia's leading independent data centre operator which delivers industry-leading engineering solutions to its customers. In FY18, the company demonstrated great momentum across the business, with its customer numbers increasing by 26 percent and interconnections increasing by 37 percent. In FY 2018, the companyâs revenue increased by 31 percent to $161.5 million as compared to the previous corresponding year. The company reported an Underlying EBITDA of $62.6 million in FY 2018 which is 28 percent higher than the previous year.
During FY 2018, NXT increased its contracted utilization by 28 percent from 31.5MW at the end of FY 2017 to 40.2MW at the end of FY 2018. During FY 2018, the company implemented its innovative customer experience strategies to extend its lead in the industry and deliver extraordinary customer interactions. During FY18, the company expanded its data centre platform and invested a total of $285 Mn in its new and existing developments.
In the past one year, the share price of the company increased by 20.18 percent as on 31 January 2019 and traded at a higher PE multiple of 304.44x. NXTâs shares traded at $6.860 (+0.146% intraday) with a market capitalization of circa $2.36 billion as on 1 February 2019.
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