Yahoo Finance 3 Tech Growth Stocks to Consider
Investors focusing on growing technology companies may want to have a look at the following stocks, as they have recorded significant year-over-year increases in their quarterly revenues and net income.
Take-Two Interactive Software Inc
The first company to consider is Take-Two Interactive Software Inc (NASDAQ:TTWO), a New York-based video game developer and marketer of solutions to interactively entertain consumers worldwide.
The company saw its quarterly revenue grow by 41% to $760.54 million in the fourth quarter of fiscal 2020, which ended on March 30, up from $539 million in the prior-year quarter. The net income increased by 116% to $122.7 million compared to $56.8 million for the same quarter of fiscal 2019.
The stock price was trading at $134.07 per share at close on May 28 for a market capitalization of $15.28 billion and a 52-week range of $87.97 to $149.28.
Take-Two Interactive Software Inc does not pay dividends.
As of May, six analysts on Wall Street recommend a strong buy rating for the stock, ten recommend a buy rating, three recommend a hold rating and one issued an underperforming rating. The average target price is $132.21 per share.
GuruFocus assigned a very good rating of 7 out of 10 for the company's financial strength and a positive rating of 6 out of 10 for its profitability.
ChipMOS TECHNOLOGIES Inc
The second company to consider is ChipMOS TECHNOLOGIES Inc (NASDAQ:IMOS), a Taiwan-based manufacturer and seller of semiconductors and related testing services.
The company saw its quarterly revenue grow by 25.2% to $184.7 million in the first quarter of 2020, up from $147.5 million in the prior-year quarter. The net income increased by nearly 269% to $23.6 million, up from $6.4 million for the comparable quarter of 2019.
The stock price was trading at $20.27 per American Depositary Receipt at close on May 28 for a market capitalization of $737.02 million and a 52-week range of $13.92 to $24.83.
On Sept. 9, 2019, ChipMOS TECHNOLOGIES Inc paid an annual cash dividend of 76.4 cents per common share.
Wall Street sell-side analysts recommend an overweight rating for this stock and have set an average target price of $24.28 per ADR.
GuruFocus assigned a positive score of 6 out of 10 to both the company's financial strength and its profitability.
Datadog Inc
The third company to consider is Datadog Inc (NASDAQ:DDOG), a New York-based provider of a monitoring and analytics platform to U.S. and international developers, information technology specialists and companies.
The company saw its quarterly revenue grow by 87.4% year-over-year to $131.25 million in the first quarter of 2020, up from $70.05 million. Also, the company recorded net income of $6.5 million in the first quarter of 2020, up from a net loss of $9.5 million in the same quarter of 2019.
The stock price was trading at $67.13 per share at close on May 28 for a market capitalization of $20.10 billion and a 52-week range of $27.55 to $75.
Datadog Inc does not pay dividends.
Wall Street sell-side analysts recommend an overweight rating for this stock and have established an average target price of $62.67 per share.
GuruFocus assigned a very low score of 1 out of 10 to the profitability of the company and a very good financial strength score of 7 out of 10.
Disclosure: I have no positions in any securities mentioned in this article.
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This article first appeared on GuruFocus.
