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Top Growth Stocks To Buy Now

Petra Goodwin

Enghouse Systems and Sangoma Technologies are a few noticeable companies with a strong future outlook. The market’s optimistic sentiment towards these stocks indicates a level of confidence in the future outlook of their businesses. If a buoyant growth prospect is what you’re after in your next investment, I’ve put together a list of high-growth stocks you may be interested in, based on the latest financial data from each company.

Enghouse Systems Limited (TSX:ENGH)

Enghouse Systems Limited develops and sells enterprise oriented applications software worldwide. Founded in 1984, and currently run by Stephen Sadler, the company employs 1,504 people and with the company’s market cap sitting at CAD CA$2.04B, it falls under the mid-cap group.

ENGH’s forecasted bottom line growth is an optimistic 20.44%, driven by the underlying double-digit sales growth of 15.88% over the next few years. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of ENGH, it does not appear too severe. ENGH’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Should you add ENGH to your portfolio? Check out its fundamental factors here.

TSX:ENGH Future Profit Jun 23rd 18

Sangoma Technologies Corporation (TSXV:STC)

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. Sangoma Technologies was founded in 1984 and with the company’s market capitalisation at CAD CA$59.87M, we can put it in the small-cap group.

STC’s projected future profit growth is a robust 39.22%, with an underlying 50.50% growth from its revenues expected over the upcoming years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. STC’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Thinking of investing in STC? Have a browse through its key fundamentals here.

TSXV:STC Future Profit Jun 23rd 18

Colliers International Group Inc. (TSX:CIGI)

Colliers International Group Inc. provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. Started in 1972, and headed by CEO Jay Hennick, the company employs 12,015 people and with the company’s market cap sitting at CAD CA$3.79B, it falls under the mid-cap category.

Considering CIGI as a potential investment? Check out its fundamental factors here.

TSX:CIGI Future Profit Jun 23rd 18

For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.

To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.