IQE, Xaar, Darktrace, Calnex: Which are the top tech stocks listed on LSE?

Be the First to Comment Read

IQE, Xaar, Darktrace, Calnex: Which are the top tech stocks listed on LSE?

 IQE, Xaar, Darktrace, Calnex: Which are the top tech stocks listed on LSE?
Image source: Shutterstock.com

Highlights

  • History shows that technology stocks struggle in high inflation situations, as central banks usually increase interest rates to address rising inflation, which makes borrowing expensive.
  • There are not many technology stocks listed on the FTSE 100 Index, but there are hundreds of mid and small-cap high growth technology stocks listed on the London Stock Exchange.

Stocks investment has historically helped investors to protect the well-diversified portfolio from market volatility and increasing inflation. As per the market trends, technology stocks generally struggle in high inflation situations, as central banks increase the interest rate to address rising inflation, which makes borrowing expensive and reduces future earnings.

Top tech stocks listed on LSE

2022 Kalkine Media®

There are not many technology stocks listed on the FTSE 100 Index, but there are hundreds of mid and small-cap high-growth technology stocks listed on the London Stock Exchange. Many of these stocks have delivered high returns to their shareholders in recent years and can be good options for the future. 

However, this situation can be used as an opportunity to invest in tech stocks at a low price, and certain tech stocks will fare much better in the economic uncertainty than others.

Let us look at some tech stocks, such as Xaar Plc, IQE Plc, Darktrace Plc, Avast Plc, and Calnex Solutions Plc, that you may consider investing in for the long term.

Xaar Plc (LON: XAR)

Xaar Plc is a leading independent manufacturer of inkjet printing technologies. It is engaged in designing and manufacturing printheads for user developer integrators (UDIs) and Original Equipment Manufacturers (OEMs).

The company has recently announced the acquisition of Megnajet Ltd and Technomation Ltd to strengthen the company’s inkjet solutions. Both the companies will be merged, and the combined business will continue under the Megnajet name.

The market cap of the FTSE All-Share listed company stands at £ 155.84 million as of 18 March 2022. Xaar Plc’s shares closed trading at GBX 198.80 on 18 March 2022. The company has given a significant return of 29.51% to its shareholders over the last one year as of 16 March 2022, while its year-to-date return stands at 9.23%.

Also Read: Investec, Air Partner: Growth stocks you may put on your watchlist

Darktrace Plc (LON: DARK)

Darktrace Plc is an independent artificial intelligence (AI) technology company that specializes in cyber-defence. It offers enterprise-wide cyber defence to organizations in over 100 countries. The company has reported an increase in revenue by 52.3% to US$192,642 million in six months ended 31 December 2021, from US$126,514 million for the same period in 2020. Its EBITDA increased by 144.2% to US$34,845 million in six months ended 31 December 2021, from US$14,268 million for the same period in 2020.

The market cap of the FTSE 250-listed company stands at £3,139.10 million as of 18 March 2022. Darktrace Plc’s shares closed trading at GBX 448.80 on 18 March 2022. The company has given a significant return of 9.66% to its shareholders since the start of this year. In the last one year, the shares traded in a range of 696.2, hitting a high of 1003, and a low of 306.8.

Avast Plc (LON: AVST)

Avast Plc is one of the leading consumer cybersecurity companies. It has recently announced the suspension of all its operations in Russia and Belarus. 

The market cap of the FTSE 100-listed company stands at £5,906.35 million as of 18 March 2022. Avast Plc’s shares closed at GBX 568.00 on 18 March 2022. In the last one year, the share price has fluctuated in a range of 220.5, hitting a high of 648.6, and a low of 428.1.

Also Read: National Grid, Drax, SSE: Should you buy these energy utility stocks now?

Calnex Solutions Plc (LON: CLX)

Calnex Solutions Plc is a telecommunications equipment company engaged in designing, producing, and marketing test instrumentation and solutions for network emulation and synchronisation.

The market cap of the FTSE AIM All-Share listed company stands at £136.50 million as of 18 March 2022. Calnex Solutions Plc’s shares closed at GBX 156.00 on 18 March 2022. The company has given a significant return of 34.25% to its shareholders over the last one year as of 18 March 2022, while its year-to-date return stands at 29.46%. In the last 52 weeks, Calnex Solution share prices fluctuated in a range of 64, hitting a high of 156, and a low of 92.

IQE Plc (LON: IQE)

IQE Plc is a UK-based semiconductor company engaged in manufacturing and supplying compounded semiconductor wafers products and advanced material solutions to the global semiconductor industry, with operations across Europe, the US, and Asia.

The market cap of the FTSE AIM UK 50-listed company stands at £315.67 million as of 18 March 2022. IQE Plc’s shares closed trading at GBX 39.25 on 18 March 2022.

The company hasn’t performed well and has given a negative return of -45.97% to its shareholders over the last one year as of 18 March 2022, while its year-to-date return stands at 13.60%. In the last 52 weeks, IQE’s share prices fluctuated in a range of 46.15, hitting a high of 73.75, and a low of 27.6.

Note: The above content constitutes a very preliminary observation or view based on industry trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.

Disclaimer

Speak your Mind

Featured Articles