5 Top Tech Stocks Under $20 That Promise More Gains
Zacks Investment Research | Aug 28, 2019 09:51PM ET
Technology has been one of the best performing sectors so far this year and continues to be a profitable area of investment.
Notably, Technology Select Sector SPDR ETF (NYSE:XLK) Growth Score of A or B. Our research shows that stocks with a Growth Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential.
Our Picks
Digital Turbine, Inc. (NASDAQ:APPS) offers products and solutions for mobile operators, device OEMs and third parties. The company outpaced the Zacks Consensus Estimate in the trailing four quarters, with an average positive earnings surprise of 125%.
It sports a Zacks Rank #1. The stock has Growth Score of A. The stock, currently priced at $7.32, has returned 300% on a year-to-date basis.
PC-Tel (NASDAQ:PCTI) designs, develops, and delivers wireless solutions. The company outpaced the Zacks Consensus Estimate in the trailing four quarters, with an average positive earnings surprise of 146.4%.
It sports a Zacks Rank #1. The stock has Growth Score of A. The stock, currently priced at $6.78, has returned 58% on a year-to-date basis.
Lattice Semiconductor (NASDAQ:LSCC) designs, develops and markets high performance programmable logic devices and related development system software. The company outpaced the Zacks Consensus Estimate in three of the trailing four quarters, with an average positive earnings surprise of 14.3%.
It carries a Zacks Rank #2. The stock has Growth Score of A. The stock, currently priced at $19.25, has returned 178.2% on a year-to-date basis.
MobileIron (NASDAQ:MOBL) is engaged in providing security and management solutions for mobile applications, content, and devices. The company outpaced the Zacks Consensus Estimate in one of the trailing four quarters, with an average positive earnings surprise of 45%.
It carries a Zacks Rank #2. The stock has Growth Score of B. The stock, currently priced at $6.82, has returned 48.6% on a year-to-date basis.
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MobileIron, Inc. Price and Consensus
MobileIron, Inc. Quote
Telenav (NASDAQ:TNAV) is a provider of location-based services, or LBS, including voice guided navigation, on mobile phones. The company outpaced the Zacks Consensus Estimate in two of the trailing four quarters, with an average positive earnings surprise of 11.9%.
It carries a Zacks Rank #2. The stock has Growth Score of A. The stock, currently priced at $11.47, has returned 182.5% on a year-to-date basis.
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