Tech stocks have been the stock market’s biggest source of strength since the market bottom in March. The S&P 500 recorded its steepest August gain since 1986 with tech stocks the best-performing group…
While the top tech stocks attracted the majority of investors’ attention, there are still several, attractive low-priced stocks.
If the technology rally continues, it’s possible that these stocks could see big gains. Here are three such stocks that are currently trading below $10 and could offer intriguing upside: Nokia Corporation Inc. (NOK), A10 Networks, Inc. (ATEN), and MIND C.T.I. Limited (MNDO).
Nokia Corporation Inc. (NOK)
NOK is engaged in network and technology businesses worldwide. The company has a strategic collaboration with Microsoft Corporation (MSFT) and offers network infrastructure software, hardware, and services across different screens, mobile networks, and operating systems.
NOK closed yesterday’s trade at $4.71. The stock hit a 52-week low of $2.34 due to a virus-led crash on March 18th. This implies that the stock has already more than doubled from the low. Moreover, NOK has a year-to-date gain of 27.5%.
The company’s second-quarter result did not fail to impress the street. NOK delivered an earnings surprise of 133% by reporting an EPS of $0.07. The enterprise grew year-on-year constant currency sales by 18% to $5.7 billion, primarily contributed by the 4.5% year-on-year enhancement in Networks gross margin. Net income improved significantly to $105.6 million compared to the year-ago loss of $219.5 million. Free cash flow for the firm stood $285 million compared to the negative cash flow of $875 million last year. NOK also reported $374 million as cash flow from operations.
NOK has recently announced that it is launching the first in a series of professional-level certifications to train and certify industry professionals on end-to-end 5G networks from network access to application management. Moreover, Nokia and StarHub recently conducted South East Asia’s first live 5G non-standalone network trial in Singapore, aimed towards delivering better user experience.
NOK returned $1.1 million to the shareholders in the form of dividends during the last reported quarter. It translates into a yield of 1.02%. Furthermore, in line with the clear roadmap progress, particularly related to the 5G mid-band portfolio, the street expects EPS to grow more than 21% next year. The revenues are estimated to be $25.4 billion for the current year.
How does NOK stack up for the POWR Ratings?
A for Trade Grade
B for Buy & Hold Grade
A for Peer Grade
B for Industry Rank
B for Overall POWR Rating.
It is also ranked #8 out of 52 stocks in the Technology – Communication/Networking industry.
A10 Networks, Inc. (ATEN)
ATEN provides application delivery controllers for optimizing data center performance, carrier-grade networking products that offer address and protocol translation services for service provider networks, and a distributed denial-of-service threat protection system for network-wide security protection. It operates through two segments – Service and Cloud Providers, and Enterprise.
The stock closed yesterday’s trading session at $8.38, 9% lower than its 52-week high of $9.21. With a year-to-date gain of 22%, the stock is up more than 131% from its March lows. Wall Street analysts expect the stock to reach $13.5, increasing more than 61% from the current price.
The company’s top-line grew 6.7% year-over-year to…
Continue reading at STOCKNEWS.com