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Summary
- UK tech stocks have continued to perform well in relation to the broader equity market. The tech sector in UK was relatively less impacted by the pandemic.
- Fintech and internet service providing companies have done brisk business during the past few months, helping other businesses to function smoothly.
- While most other sectors are expected to underperform, some tech stocks could be better investments than others.
The tech stocks have been all the rage this year both in the UK and US. Many companies have seen share prices reaching astronomical price points. Most British tech companies survived the Covid-19 crisis and are expected to give a healthy performance in the next few quarters.
The communication tech companies helped the internet infrastructure in the country to function at its optimum. The fintech firms helped people to carry on with their financial transaction seamlessly through the lockdown.
With another lockdown in sight, these are the companies which might continue to do well at the London Stock Exchange.
We look at top ten tech companies in the UK that are expected to ride through the second wave of the Covid- 19 pandemic.
- AVEVA Group Plc (LON:AVV) is a UK-based software and computer service provider, it was incorporated in 1967 with its headquarters in Cambridge.
Source- Thomson Reuters
As on 28 October, the shares of AVEVA Group plc have been trading at GBX 4338.00 per share (2.58 PM GMT+1) losing 3.91 per cent over the previous day’s close.
- Micro Focus International plc (LON:MCRO) is a UK-based software technology company based out of Newbery with a focus on IT consulting. The company is one of the oldest software companies in the world and was founded in 1976.
Source- Thomson Reuters
As on 28 October, the shares of Micro Focus international plc have been trading at GBX 225.10 per share (3.00 PM GMT+1) losing 8.42 per cent over the previous day’s close.
- Codemasters Group Holdings plc (LON:CDM) - Codemasters Group Holdings Plc is a developer and publisher of video games. The company is specialized in high-resolution racing games and has a 30-year successful track record of producing games. The company was incorporated in Southam, Warwickshire and is among the top game developers and publishers in Britain.
Source- Thomson Reuters
As on 28 October, the shares of Codemasters Group Holdings plc have been trading at GBX 409.01 per share (3.00 PM GMT+1) gaining 0.13 per cent over the previous day’s close.
- Gamma Communications plc (LON:GAMA) - The company is a UK-based integrated communication services provider. The company main product offerings include Horizon collaborate, cloud contact centres, business prone systems, SIP trunking and call management, Microsoft teams direct routing, Gamma mobile, inbound call routing, advanced network services, Wi-Fi and network security.
Source- Thomson Reuters
As on 28 October, the shares of Gamma Communications plc have been trading at GBX 1665.00 per share (2.58 PM GMT+1) losing 0.89 per cent over the previous day’s close.
- Augmentum Fintech Plc (LON:AUGM) is a London-based company which invests in late stage Fintech businesses in Europe. The company particularly focuses on businesses that are working on disruptive technologies in the banking, insurance sectors and the asset management sector.
Source- Thomson Reuters
As on 28 October, the shares of Augmentum Fintech plc have been trading at GBX 120.74 per share (2.53 PM GMT+1) gaining 1.84 per cent over the previous day’s close.
- Boku Inc (LON:BOKU) is a San Francisco-based mobile payments platform providing company. The company helps its customers to pay for goods and services using their mobile phones and connect the bills to their mobile network operator without having any access to credit cards or traditional bank accounts.
Source- Thomson Reuters
As on 28 October, the shares of Boku plc have been trading at GBX 121.50 per share (2.56 PM GMT+1) gaining 0.41 per cent over the previous day’s close.
- Sage Group plc (LON:SGE) is a UK-based ERP solutions providing company. The company’s offer unified payroll, accounting and payments solutions and a host of other solutions that are necessary for the efficient functioning of a company.
Source- Thomson Reuters
As on 28 October, the shares of Sage Group plc have been trading at GBX 630.25 per share (3.05 PM GMT+1) losing 3.04 per cent over the previous day’s close.
- Avast Software s.r.o (LON:AVST) is Prague-based one of the largest cybersecurity companies in the world. The company specialises in cybersecurity softwares, machine learning and AI-based applications.
Source- Thomson Reuters
As on 28 October, the shares of Avast Software plc have been trading at GBX 494.60 per share (3.05 PM GMT+1) losing 0.52 per cent over the previous day’s close.
- Playtech plc (LON:PTEC) is a British software company develops software for the online gaming and gambling companies and also provides related support services. While the company provides services for online casinos, online bingos, scratch games, online sports betting and online poker games, its software is also available for fixed terminals and mobile devices.
Source- Thomson Reuters
As on 28 October, the shares of Playtech plc have been trading at GBX 330.70 per share (3.08 PM GMT+1) losing 5.27 per cent over the previous day’s close.
- Team17 Group plc (LON:TM17) - Team17 Group Plc is a British video game developer and games label for premium games. It was established in 1990 and headquartered in Wakefield, England. Team 17 Group is a merged entity combing British publisher 17-Bit software and Swedish developer Team 7.
Source- Thomson Reuters
As on 28 October, the shares of Team17 Group plc have been trading at GBX 750.00 per share (3.07 PM GMT+1) losing 3.85 per cent over the previous day’s close.
