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Summary
- McAfee Corp.’s (NASDAQ:MCFE) dividend yield is 1.61%. The stock saw 82.32% growth YTD.
- Avid Technology (NASDAQ:AVID)has a P/E ratio of 48.1. Its stock grew 80.62% YTD.
- Super Micro Computer (NASDAQ:SMCI) gave a 23.50% return YTD. It has a P/E ratio of 23.05.
Technology stocks saw strong growth over the past year. While they continue to grow, we look at the performance of some of the relatively smaller companies on NASDAQ over the past few months. The high stock prices of the larger technology companies could be beyond reach for the small investors, but there are companies whose stocks are still relatively cheaper.
Here we explore eight such NASDAQ-listed companies whose stock prices are under US$50.
McAfee Corp. (NASDAQ:MCFE) is a device-to-cloud cybersecurity company that provides privacy, integrated security, and trust solutions to protect from cyberattacks.
Its market cap is US$13 billion, and the current dividend yield is 1.61%. On Aug 10, it will release its second-quarter results.
For the quarter ended March 27, 2021, its revenue was US$442 million compared to US$354 million in the previous year. Its net income was US$94 million.
The stock saw a growth of 82.32% YTD at the closing price of US$29.66 on Aug 5, 2021.
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Source: Pixabay
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Avid Technology, Inc. (NASDAQ:AVID) develops digital media software and hardware.
The market capitalization is US$1.29 billion, and the P/E ratio is 48.1.
For June quarter 2021, its revenue was US$94.88 million. The net income was US$7 million or US$0.05 per share diluted. The revenue and net income for the June quarter of 2020 were US$79.28 million and US$1.85 million, respectively.
The stock grew 80.62% YTD at the closing price of US$28.88 on Aug 5, 2021.
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Dropbox, Inc. (NASDAQ:DBX) is an online collaboration platform. It caters to small as well as large businesses. Its market capitalization is US$12.59 billion.
Its June quarter revenue surged to US$530.6 million, 13.5% up year-over-year. The net income was US$88 million, or US$0.22 per diluted share, compared to US$17.5 million, or US$0.04 per diluted share in the same quarter prior year.
Its paying users were 16.14 million against 14.96 million for the same period last year.
The stock closed at US$31.58 on Aug 5, 2021. It gave a 46.42% return YTD.
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Super Micro Computer, Inc. (NASDAQ:SMCI) provides high-performance server technology services to datacenters, Big Data, cloud computing and Internet of Things markets.
SMCI has a market cap of US$1.95 billion and a P/E ratio of 23.05.
It will release Q4 and full-year FY 2021 results on Aug 10.
For the March quarter, its revenue was US$895.9 million compared to US$772.4 million in the prior year. The net income was US$18.4 million or US$0.35 per diluted share, a 17% up year-over-year. The stock gave a 23.50% return YTD. The stock closed at US$38.6 on Aug 5.
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ShotSpotter, Inc. (NASDAQ:SSTI) provides precision-policing and security solutions for security personnel. ShotSpotter Respond is its public safety solution, used for outdoor gunshot detection, location, and alerting system.
The market capitalization of the company is US$512.6 million, and the P/E ratio is 399.09. ShotSpotter will release its second-quarter results on Aug 10, 2021.
It has partnered with Anti-Trafficking International (ATI) to support law enforcement to stop trafficking.
The revenue for the March quarter was US$15 million compared to US$10.5 million a year ago.
The stock price surged 15.74% YTD at the closing price of US$43.0 on Aug 5.
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Source: Pixabay
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PubMatic, Inc. (NASDAQ:PUBM) provides a cloud platform for ad transactions. With a market capitalization of US$1.5 billion, the company has forward P/R for one year of 96.61.
PubMatic will release its second-quarter result on Aug 10.
Its revenue for the March quarter was US$43.6 million compared to US$28.3 million in the year-ago period. The net income was US$4.98 million, or US$0.09 per share diluted compared to US$904 thousand in the March quarter of 2020.
Its YTD return is 14.26% at the closing price of US$29.95 on Aug 5, 2021.
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Jamf Holding Corp. (NASDAQ:JAMF) provides technology infrastructure and security platforms. It has a market capitalization of US$3.8 billion.
Its second-quarter result will come on Aug 10.
In Q1 ended March 31, its revenue was US$81 million against US$60 million in the previous year’s Q1. The net loss booked was US$3 million against the net loss of US$8.3 million in Q1, 2020. The net loss per share diluted reduced to US$0.03 from US$0.08 in the prior year’s March quarter.
The stock gained 7.85% YTD at the closing price of US$32.08 on Aug 5, 2021.
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Progress Software Corporation (DE) (NASDAQ:PRGS) provides cloud-based security solutions to mid-cap and large-cap companies.
Its market capitalization is US$2 billion, and its P/E ratio is 27.9. The dividend yield is 1.55%, and annualized dividend is US$ 0.70.
For the second quarter ended May 31, 2021, the company booked revenue and net income of US$122.49 million and US$13.57 million, respectively. The revenue and net income were US$100 million and US$16.97 million, respectively, in the May quarter of 2020.
The stock rose 1.79% YTD at the closing price of US$45.71 on Aug 5, 2021.
Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.
The reference data in this article has been partly sourced from EODHD/Others.
