Market value 4 7 billion



What are technology stocks?


Similar to any other industry, companies in the tech sector come in all sizes.You will find emerging start-ups as well as billion-dollar giants that arehousehold names in this space. A technology company is one that is involved inthe development and distribution of hardware and software products orservices.It is an exciting sector that is home to several emerging trends includingartificial intelligence, blockchain, cloud computing, SaaS (software-as-a-service), machine learning, online streaming, e-commerce, and many more.While tech stocks south of the border are popular all over the world, Canada-based companies are slowly carving a niche in the last few years.One way to invest in Canadian tech stocks is by purchasing ETFs such as theiShares S&P/TSX Capped Information Technology Index which gives youdiversified exposure to the largest companies in the country. The ETF has beenon an absolute tear and has returned close to 500% since May 2011.On the other hand, you can also look to buy and hold shares of individualcompanies that have the potential to grow your wealth at a market-beatingrate. An ideal tech stock is one that is part of a rapidly expandingaddressable market allowing it to grow top-line and profitability at a fastclip.Here, we take a look at a few Canadian tech stocks that should beat theoverall market not just in 2021 but over the long-term as well.

Best Cheap Tech Stocks on the Market


The technology industry has been at the forefront of the stock market forquite some time. In general, the industry commonly outperforms the rest of themarket.Just look at Microsoft (Nasdaq: MSFT), Amazon (Nasdaq: AMZN), Apple (Nasdaq:AAPL) and Alphabet (Nasdaq: GOOGL). All of these companies have become stockmarket juggernauts over the years. And they show no signs of slowing down aswe enter the 2020s.However, what cheap tech stocks have the potential to burst onto the scene inthe next decade? Is there another Tesla out there?Let’s take a deeper look. Consider these four tech stocks for your portfoliogoing forward. * Western Digital Corp. (Nasdaq: WDC) * Amkor Technology Inc. (Nasdaq: AMKR) * Celestica Inc. (NYSE: CLS) * Zynga Inc. (Nasdaq: ZNGA)For context, each of these stocks is currently trading below $15 a shareoutside of Western Digital. If you would like to dig further down the rabbithole, you may want to consider a few tech penny stocks for your nextinvestment.

Amkor Technology Inc.


Amkor is a company that has become a popular cheap tech stock to buy, and forgood reason. The semiconductor product packaging and test services provider istrading below $15 at the moment.However, it’s nearly doubled in value since the beginning of the coronaviruspandemic. Investors have taken notice as it continues to outperform othertechnology stocks and here’s why.Its latest earnings report shows that net sales were up 31% year over year.The growth is steady and it hasn’t been affected by the pandemic.This consistency alone has caught the eyes of investors across the country.It’s trending upward and fast. So you may want to jump on this train before ittakes off for good.

Best Cheap Tech Stocks on the Market


The technology industry has been at the forefront of the stock market forquite some time. In general, the industry commonly outperforms the rest of themarket.Just look at Microsoft (Nasdaq: MSFT), Amazon (Nasdaq: AMZN), Apple (Nasdaq:AAPL) and Alphabet (Nasdaq: GOOGL). All of these companies have become stockmarket juggernauts over the years. And they show no signs of slowing down aswe enter the 2020s.However, what cheap tech stocks have the potential to burst onto the scene inthe next decade? Is there another Tesla out there?Let’s take a deeper look. Consider these four tech stocks for your portfoliogoing forward. * Western Digital Corp. (Nasdaq: WDC) * Amkor Technology Inc. (Nasdaq: AMKR) * Celestica Inc. (NYSE: CLS) * Zynga Inc. (Nasdaq: ZNGA)For context, each of these stocks is currently trading below $15 a shareoutside of Western Digital. If you would like to dig further down the rabbithole, you may want to consider a few tech penny stocks for your nextinvestment.

Amkor Technology Inc.


Amkor is a company that has become a popular cheap tech stock to buy, and forgood reason. The semiconductor product packaging and test services provider istrading below $15 at the moment.However, it’s nearly doubled in value since the beginning of the coronaviruspandemic. Investors have taken notice as it continues to outperform othertechnology stocks and here’s why.Its latest earnings report shows that net sales were up 31% year over year.The growth is steady and it hasn’t been affected by the pandemic.This consistency alone has caught the eyes of investors across the country.It’s trending upward and fast. So you may want to jump on this train before ittakes off for good.

Investing in Technology


RANK | Company | Market Cap (As of 30/05/19) —|—|— 1. | Microsoft Corporation (MSFT) | $957.39B 2. | Amazon.com (AMZN) | $895.65B 3. | Apple (AAPL) | $816.14B As tech companies tend to invest heavily in research and development, they areknown for the innovation and inventiveness. The growing competition in thisarea can also lead to a steady stream of new and improved technologies. Whilethere can be growth opportunities in the tech sector, it is importantinvestors have a good understanding of modern technology and the tech productsavailable before investing.So when it comes to the tech sector in Australia, here a few companies thathave performed well recently and could be worth exploring.

Adesto Technologies


* Market value: $179.8 million * TipRanks consensus price target: $9.38 (54% upside potential) * TipRanks consensus rating: Strong Buy * Adesto Technologies (IOTS, $6.11) is a leading developer of semiconductors including non-volatile memory solutions, application-specific integrated circuits and intellectual property cores.Four analysts are currently covering IOTS, and all four have “Buy” ratings onthe stock. One of these pros is Canaccord Genuity’s Michael Walkley. Thisfive-star analyst recently reiterated his bullish call on the stock with a $9price target (47% upside potential).“Our positive investment thesis is based on our expectation that strong(Internet of Things) endpoint growth over the next several years will requirelow-power and long-battery-life solutions that should benefit Adesto’sportfolio and its differentiated memory solutions,” he writes. “We believe newproducts including MavriqCM and EcoXiP address new large market opportunitiesand even modest share gains could result in upside versus our estimates andconsensus.”Walkley thinks this will drive strong revenue growth and generate significantoperating leverage. He now believes the company will go from a non-GAAP netloss in 2018 to a 43-cent-per-share profit in 2020. He concludes, “We believeAdesto is uniquely positioned with its products to generate strong long-termearnings growth.”For further insights on this tech stock, turn to TipRanks’ IOTS ResearchReport.

* Market value: $526.7 million


* TipRanks consensus price target: $4.50 (23% upside potential) * TipRanks consensus rating: Moderate Buy * Castlight Health (CSLT, $3.67) is a cloud-based software provider that focuses on health benefits management. Its Complete app makes it easy for employees to use their benefits and provides tailored health recommendations all on one single platform.“After launching Castlight Complete, which was one of the key milestones for2018, management remains confident it can overcome churn and the loss ofWalmart,” writes five-star Cantor Fitzgerald analyst Steven Halper. Walmart(WMT) revealed that it wouldn’t be migrating to the new Complete platform backin August 2018, costing the company $13 million.However even without Walmart, Halper sees Complete as a “new chapter” for thecompany and a “major driver of longer-term growth.” Management remainsoptimistic about Complete and has indicated that four of its top fivecustomers will be on the platform. “Complete, which is now live with 300,000users, is important for 2019 performance,” Halper writes.The risk-reward tradeoff looks attractive at these levels. Halper is modelinganother 36% upside from current share prices with his target of $5. Find outwhat other analysts think of this healthcare tech stock in TipRanks’ CSLTResearch Report.

* Market value: $4.7 billion


* TipRanks consensus price target: $5.35 (4% upside potential) * TipRanks consensus rating: Moderate BuySocial game developer Zynga (ZNGA, $5.12) is the name behind long-ago hitssuch as FarmVille and Words With Friends. Although the company faced a fewhard years following its split with Facebook (FB) and its inability to come upwith titles to rival its older blockbusters, it is now recovering thanks tosavvy acquisitions and a renewed focus on core “forever franchises.” CEO FrankGibeau – a former Electronic Arts (EA) exec – recently went so far as to saythat the company’s “turnaround is now complete.”The numbers are starting to show it. Zynga reported record mobile online gamerevenues and bookings, as well as record mobile advertising revenues andbookings, in its recently reported Q4.Wedbush analyst Michael Pachter recently wrote a report titled “PositiveMomentum to Continue in 2019, with New Releases the Icing on the Cake,” whichis a less-than-subtle indication of which way he’s leaning on ZNGA. Theanalyst, who has a $6.40 price target (25% upside), reiterated his “Buy”rating, writing, “Zynga is a company without peer, generating over 3x thebookings of its closest publicly traded competitor, Glu Mobile (GLUU).”The company expects bookings of $1.35 billion this year and “double digit”bookings growth in 2020 “implying bookings approaching $1.5 billion thatyear,” Pachter writes. Find out more from TipRanks in its ZNGA ResearchReport.

Everspin Technologies


* Market value: $142.2 million * TipRanks consensus price target: $14.00 (68% upside potential) * TipRanks consensus rating: Moderate BuyInnovative semiconductor stock Everspin Technologies (MRAM, $8.32) has surgedby an incredible 50% year-to-date. Shares exploded on news that semiconductorgiant Intel (INTC) is endorsing the company’s MRAM (magnetic random accessmemory) technology.MRAM memory is a rival to the more traditional DRAM memory – another type ofrandom-access semiconductor memory. The notable advantage of MRAM is that itcan retain its data even when power is switched off.Intel will now integrate embedded MRAM into its 22nm FinFET CMOS technology.“We don’t know if Intel is using the Everspin’s technology but Intel’sdecision certainly validates the MRAM technology, which has been the crux ofthe investment theme,” Needham’s Gill wrote on Feb. 20.Gill believes major MCU suppliers “will eventually replace eFlash with MRAM asit has higher endurance and faster write cycles.”“We believe over the next several years, nearly 50% of the 32-bit MCU marketcould transition to MRAM as they transition to smaller process nodes,” hewrites. “All the major MCU suppliers are actively reviewing their currentflash technology.”Given this promising outlook, Gill is sticking with his “Buy” rating and $10price target (20% upside potential) for now, but he sees shares hitting evenhigher down the road. “Ultimately, we see value for the shares to $14 PT,based on an EV/sales multiple of 3.3x our 2019 revenue estimate.” Find outmore from TipRanks in its MRAM Research Report.

* Market value: $407.8 million


* TipRanks consensus price target: $8.00 (47% upside potential) * TipRanks consensus rating: Moderate Buy * The Meet Group (MEET, $5.46) is motivated by “the universal need for human connection.” MEET operates mobile social entertainment applications that enable users to interact with new people around them, generating revenue through ad sales and subscriptions.One of the stock’s big supporters is Roth Capital’s Darren Aftahi. He applaudsthe recent acquisition of German dating app Lovoo for $70 million, and writes:“Overall, in 2019, MEET continues to be a favorite name of ours and we remainbuyers on what we feel is a strong outlook for further incremental videomonetization on both Lovoo scale and the broader portfolio through newfeatures.”These new features include Battles – which allows for two livestreamers tocompete in front of an audience – and should be positive catalysts for videomonetization, Aftahi says. Moreover, MEET has announced another feature calledLevels, rolling out in the first half of this year, which “gamifies” theplatform by creating a ranking system and unlockable features for video users.The analyst thinks this is a sticky feature that will help drive engagement.Aftahi reiterated his “Buy” rating with a $8 price target (47% upsidepotential). Bear in mind, shares have more than doubled over the past year.You can check out more analysis in TipRanks’ MEET Research Report.

* Market value: $310.5 million


* TipRanks consensus price target: $14 (64% upside potential) * TipRanks consensus rating: Moderate Buy * Camtek (CAMT, $8.52) develops optical inspection systems for printed circuit boards. Helping the stock is a deal with Taiwan’s Chroma in which the equipment provider will pay $74.3 million for a 20.5% stake in the company.Following the deal announcement, Camtek CEO Rafi Amit said, “Today we signedagreements of strategic importance for Camtek, whereby Camtek is gaining animportant shareholder that will enable it to strengthen its presence in Asiain general, and in Taiwan in particular.”The market certainly approves; shares are up 27% year-to-date. And WallStreet’s recent price-target ramps are another positive indicator that thecompany is moving in the right direction.Five-star Northland Capital analyst Gus Richard has just boosted his pricetarget from $15 to $16 (88% upside potential). Richard writes that CAMTcontinues to significantly outperform other capital equipment stocks, thanksto higher-speed memory interfaces, market-share gains and new products andapplications.B. Riley FBR’s Craig Ellis has recently lifted his price target, too, from$10.50 to $12 (41% upside), citing strong earnings and execution. Discovermore about this lesser-known cheap stock in the TipRanks’ CAMT ResearchReport.

Why would a company move from NYSE to Nasdaq?


Companies Switch to Nasdaq More Than Any Other ExchangePepper. … Data shows that once a stock has switched from the New York StockExchange (NYSE) to Nasdaq, the amount of shares on the best price improve,spreads contract, and volatility improves. We also see more liquidity in thesesymbols during closing auctions.

What are the top 10 companies in the Nasdaq?


Broadcom Inc. * Comcast. * Cisco Systems. * Intel. * Facebook. * Alphabet. * Amazon. * Apple. * Microsoft.

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