6 Internet Stocks To Snap Up In 2H19 For A Winning Portfolio (Revised)
Zacks Investment Research | Jul 16, 2019 07:10AM ET
Internet stocks are benefiting from rapid adoption of cloud computing and IoT, proliferation of e-commerce, growing clout of social-media platforms, and expanding online delivery services.
Notably, improving speed courtesy 4G Volte technology and increasing allegiance to online gaming, music and video streaming services have been favoring growth prospects. Moreover, accelerated deployment of 5G, which is likely to improve Internet speed, remains a key catalyst.
Additionally, Internet penetration in emerging markets, including Latin America, Africa and South East Asia, is on the rise, which presents significant growth opportunities. Per the latest update provided by .
The company is benefiting from rapid adoption of its SaaS solutions that help manage mobile workforces and global workspaces. The company’s expanding clientele includes the likes of Staples Canada, Lowenstein Sandler, Inotek, among others.
The company has pulled off an average positive earnings surprise of 29.5% in the trailing four quarters.
The Zacks Consensus Estimate for 2019 has moved north by 13.7% to 58 cents over the past 60 days.
j2 Global (NASDAQ:JCOM) is gaining from robust performance of its cloud services and the digital media business segments. The company’s efforts to strengthen its speedtest intelligence service and an expanding subscriber base for Humble Bundle are noteworthy.
This Zacks Rank #1 stock has a VGM Score of B and an average four-quarter positive earnings surprise of 4.4%.
Notably, over the past 60 days, the Zacks Consensus Estimate for 2019 has moved upward by almost 4% to $7.05.
Digital Turbine (NASDAQ:APPS) is well positioned to capitalize on increasing advertiser demand and incremental adoption of innovative offerings, including SingleTap, Notifications and Folders.
This Zacks Rank #2 has a VGM Score of A and an average four-quarter positive earnings surprise of 87.5%.
The Zacks Consensus Estimate for fiscal 2020 earnings of 13 cents has been revised a penny upward in the past 60 days.
Alteryx (NYSE:AYX) is riding on robust adoption of its self-service data analytics software platform. Expanding international footprint and improving penetration in select verticals, including public sector and healthcare domains are key growth drivers.
Currently, Alteryx has a Zacks Rank #2 and a VGM Score of B. The company has an average positive earnings surprise of a whopping 119.6% over the trailing four quarters.
The Zacks Consensus Estimate for current year has remained steady at 43 cents over the past 60 days.
JD.com (NASDAQ:JD) is benefiting from internationally expanding e-commerce business, improving logistics services and supply chain management system. Further, strength in its retail-as-a-service strategy and growing number of flagship stores of international brands are helping it to enhance product offerings, which is bolstering adoption.
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This Zacks Rank #2 stock has a VGM Score of B. The company has pulled off an average positive earnings surprise of 105.1% in the trailing four quarters.
Notably, over the past 60 days, the Zacks Consensus Estimate for 2019 has moved upward by 21.4% to 68 cents.
HubSpot (NYSE:HUBS) provides inbound marketing and sales application over the cloud. Robust performance of Hubspot One and Hubspot CRM tools; and an expanding international footprint remain tailwinds.
This Zacks Rank #2 stock has a VGM Score of B. The company has an average positive earnings surprise of almost 80% in the trailing four quarters.
The 2019 consensus earnings estimate has moved up by a penny to $1.29 over the past 30 days.
(We are reissuing this article to correct a mistake. The original article, issued on July 5, 2019, should no longer be relied upon.)
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