10 Rising Small-Cap Technology Stocks In US

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10 Rising Small-Cap Technology Stocks In US

 10 Rising Small-Cap Technology Stocks In US
Image source: thinkhubstudio,Shutterstock

Summary

  • The stock of Avid Technology Inc. gained more than 300% in the past year.
  • PAR Technology announced its partnership with Glimpse Group to provide Brink POS services for managing inventory, cost tracking, and monitoring staff performance.

  • The Conduent stock grew 122% growth in the past year.

Technology companies play a critical role in a country’s development. They provide solutions, from software, hardware, electronics to artificial intelligence that power economic growth.

Small-cap stocks are companies whose market capitalization is US$2 billion or less. These firms are considered risky compared to large-caps as they are primarily in their formative stage of business. But they also have tremendous potential for growth.

Here are ten technology stocks to explore in the US.

Avid Technology, Inc. (NASDAQ: AVID)

Headquartered in Massachusetts, Avid develops software and hardware for the media industry.

The company was honored with the prestigious Philo T. Farnsworth Award for innovation.

In the March quarter of 2021, product revenue declined to US$1.4 million compared to the figure in the corresponding period of 2020. However, services revenue rose to US$9.4 million vis-a-vis the previous period. It logged a net income of US$4.4 million for the quarter.

The stock closed at US$34.87 on June 9. It gained more than 300% in the past year. Avid had recently announced a multi-year partnership with Remote Picture Labs (RPL).

Also Read: Bausch Health & NRG Energy: Two Value Stocks To Explore

Agilysys, Inc. (NASDAQ: AGYS)

It is a hospitality solutions company based in Georgia. It has been in operation for more than 40 years across geographies, including North America, Europe, and Asia-Pacific. Its services include payment solutions and property management.

In FY 2021 ended March 31, it logged revenue of US$137 million and a net loss of US$23.6 million. The stock gained around 140% in the past year. On June 8, AGYS announced to provide hospitality solutions to Manor Vail Lodge in Vail, a summer adventure hub.

Source: Pixabay

Also Read: E-commerce Stocks To Watch This Year

PAR Technology Corp. (NYSE: PAR)

It is a software and hardware developer headquartered in New York. PAR has been around for 40 years, with a presence in around 110 countries. In April, it acquired Punchh Inc.

PAR also provides POS (point of sales) service to more than 10,000 restaurants.

In Q1 of 2021, its consolidated revenue totaled US$54.5 million. Its net loss from operations declined from US$10.9 million to US$ 8.3 million YoY. The stock gained about 148% in the year.

On June 8, PAR announced its partnership with the technology-services provider, Glimpse Group, to provide its Brink POS software services. It will help the foodservice operators to manage inventory, cost tracking, and monitor staff performance.

Conduent Incorporated (NASDAQ: CNDT)

The company is headquartered in New Jersey and provides automated business process services. Conduent works with 59,000 associates in two dozen countries.

Its March quarter revenue was US$1,028 million. Conduent pared its net losses from US$49 million to US$11 million YoY. In addition, the stock provided a stunning 122% growth in the past year.

On June 2, it announced a contract with the health department of New Hampshire to offer its expertise to help coordinate medical services to citizens.

Super Micro Computer, Inc. (NASDAQ: SMCI)

The company provides technology solutions for cloud computing, data management, server technology, and IoT (internet of things) to clients.

SMCI was established in California in 1993. In the quarter ended March 31, its net income rose from US$15.8 million to US$ 18.4 million. Net sales surged 16% compared to the figures in the corresponding period of 2020.

SMCI has introduced new products rapidly to fulfill the emerging demand, a primary reason for its success. The company benefitted from the technology transition, like introducing new microprocessors and storage systems. It plans to double its manufacturing capacity to meet the increasing demand for its products worldwide.

The stock raked in about 25% in gains in the past year.

Also Read: Why These Small-Cap Stocks Are On Investors’ Radar?

Porch Group, Inc. (NASDAQ: PRCH)

It is headquartered in Washington and provides software solutions to home service businesses. The pandemic had affected the sector due to the pandemic in 2020. But now, home services are back to the pre-pandemic level.

Porch Group invested US$22.9 million in cash and US$1.2 million in common stock to acquire two companies in Q1 of 2021. It is also hiring more people to join its team. Its revenue rose by 77% YoY from US$15.1 million to US$26.7 million. Porch’s stock surged 93% in the past year.

Source: Pixabay


Kadant Inc (NYSE: KAI)

Kadant is a Massachusetts-based technology company and supplies components for process industries. Founded in 1991, it became public in 2001. It has around 2,700 staff in 20 countries.

In the quarter ended April 3, 2021, its revenues rose from US$168.4 to US$172.5 million.

It logged a net income of US$16.6 million, up 32% YoY. This US$1.93 billion company gave around 49% stock growth in the past year. In the last five years, the share price rose by 234%.

Also Read: Nikola, Workhorse, & Fisker: 3 Hot Auto Stocks To explore

Eventbrite, Inc. (NYSE: EB)

Eventbrite is a California-based company and provides a technology platform to organize live events like seminars, festivals, cultural activities, etc.

Some 650,000 users had utilized its platform in 2020. It also used 230 million free or paid tickets to nearly 4.6 million users in 180 countries. Its March quarter revenue was US$27,818, and net loss was US$84,891. The share price rose 75% in the past year.

Repay Holdings Corporation (NASDAQ: RPAY)

Repay is based in Georgia and provides payment processing solutions. Repay earns a significant part of the revenue from payment processing fees.

In the March quarter, it booked a total card payment of around US$4.6 billion; revenue was US$47.5 million and net loss was US$15.8 million. The stock price declined 6% in the past year.

Magnachip Semiconductor Corp (NYSE: MX)

The company is based in Luxembourg and makes semiconductors. It also offers technology solutions for communication applications, including the Internet of Things (IoT) for industries.

In the March quarter, it recorded revenue of US$123 million, and a net loss of US$ 7.5 million.

The stock jumped 90% in the past year.

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