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Brother Industries (OTC:BRTHY) Stock, Option Chain

BROTHER INDS LTD SPO

Brother Industries Ltd is engaged in the manufacture and sale of office equipment and supplies. The company offers products such as printing equipment, home sewing machines, industrial sewing machines, machine tools, and online karaoke/content-delivery systems. The group consists of five segments, Printing and Solutions; Personal and Home; Machinery and Solution; Network and Contents; and Industrial Part.

BROTHER INDUS UNSP/ADR by Brother Industries Ltd.

Brother Industries Ltd

The widespread adoption of AI is expected to propel a remarkable surge in both software and hardware innovations, fueling the tech industry. Thus, investors might buy fundamentally solid tech stocks Brother Industries (BRTHY), Gilat Satellite Networks (GILT), and AstroNova (ALOT). Keep reading... The expansion of the tech industry is propelled by the growth in the electronic and 5G markets, fostering innovation in IoT, increasing demand for network equipment, and contributing to global technological advancements. So, quality tech stocks Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>), Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>), and AstroNova, Inc. (<a href="https://stocknews.com/stock/ALOT/">ALOT</a>) could be ideal buys for solid gains. The stocks are rated an A (Strong Buy) according to our proprietary rating system, <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>.
The hype around AI sent the tech industry skyrocketing in 2023. IDC anticipates a rapid and substantial shift in IT spending towards AI, influencing diverse industries and applications. By 2025, Global 2000 organizations are expected to allocate more than <a href="https://blogs.idc.com/2023/11/01/top-10-worldwide-it-industry-2024-predictions-mastering-ai-everywhere/">40% of their core IT spending</a> to AI-related initiatives, driving a significant increase in both product and process innovations.
By 2026, generative AI is predicted to be a standard feature in most software and hardware products at no additional cost. While currently a multi-billion-dollar opportunity, it is expected to grow to <a href="https://www.canalys.com/resources/canalys-outlook-predictions-for-the-technology-industry-in-2024">$158 billion by 2028</a>, primarily in AI services and software development.
Additionally, the electronic market is on the rise with the widespread adoption of consumer electronic and connected devices. Besides, the electronics industry is witnessing a shift from luxury to mass adoption of smart home devices, such as connected ovens, TVs, and fridges, which are now considered essential components of an expanding interconnected ecosystem.
The U.S. consumer electronic industry is predicted to touch $293.81 billion by 2032, growing at a <a href="https://www.precedenceresearch.com/consumer-electronics-market#:~:text=The%20U.S.%20consumer%20electronics%20market%20size%20reached%20US%24,a%20CAGR%20of%205.1%25%20between%202023%20to%202032.">CAGR of 5.1%</a>.
Furthermore, the rise of connected living will boost the 5G and edge computing market this year. The high-speed 5G network should enable <a href="https://www.publicissapient.com/insights/consumer-electronics-industry-2024-trends">"phygital" products,</a> seamlessly blending the physical and digital worlds for an enhanced user experience. Accessible edge computing and smart device advancements will drive real-time data processing, ensuring scalability and consumer data security in smart experiences and phygital products powered by a "5G edge."
The global 5G services market is expected to expand at a <a href="https://www.grandviewresearch.com/industry-analysis/5g-services-market">CAGR of 59.4%</a> from 2023 to 2030.
Given the industry tailwinds, it's time to examine the fundamentals of the top three stocks to watch in the tech industry.
Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>)
Headquartered in Nagoya, Japan, BRTHY manufactures and sells communications and printing equipment in Japan, the Americas, Europe, Asia, Oceania, the Middle East, Africa, and internationally. It operates through Printing &amp; Solutions; Machinery; Domino; Nissei; Personal &amp; Home; and Network &amp; Contents segments.
BRTHY's trailing-12-month asset turnover ratio of 0.93x is 51% higher than the industry average of 0.62x. Its 4.61% trailing-12-month net income margin is 95.5% higher than the 2.36% industry average.
On November 24, 2023, BRTHY disclosed that its Philippines-based subsidiary, BROTHER INDUSTRIES (PHILIPPINES), INC., attained Platinum certification from the Responsible Business Alliance (RBA), a global advocate for corporate social responsibility. This certification highlights the company's dedication to fostering responsible value chains and promoting a sustainable society through ethical and environmentally conscious business practices.
BRTHY offers an annual dividend of $0.91, providing a 2.86% yield based on the current stock price. Its four-year average dividend yield is 3.06%, with an
During the fiscal second quarter that ended September 30, 2023, BRTHY's revenue increased 1.2% year-over-year to ¥199.23 billion ($1.37 billion). The company's <a href="https://www.investopedia.com/terms/o/operating_profit.asp">operating profit</a> rose 42.2% over the prior year's quarter to ¥17.70 billion ($121.60 million). Moreover, its profit for the period and EPS amounted to ¥12.66 billion ($86.97 million) and ¥49.39.
Street expects BRTHY's revenue to increase 68.8% year-over-year to $5.78 billion in the fiscal year ending March 2024.
Over the past six months, the stock has gained 15.5% to close the last trading session at $31.99.
BRTHY's POWR Ratings reflect this promising outlook. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted optimally.
It has an A grade for Value and a B for Momentum, Stability, and Quality. Within the B-rated <a href="https://stocknews.com/category/technology-electronics/">Technology – Electronics</a> industry, it is ranked first out of 41 stocks.
Beyond what we stated above, we also have given BRTHY grades for Growth and Sentiment. Get all the BRTHY ratings <a href="https://stocknews.com/stock/BRTHY/">here</a>.
Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>)
Headquartered in Petah Tikva, Israel, GILT offers satellite-based broadband communication solutions internationally. It operates in three segments: Satellite Networks; Integrated Solutions; and Network Infrastructure and Services.
GILT's trailing-12-month EBIT margin and EBITDA margin of 11.91% and 16.70% are 142% and 77.3% higher than the respective industry averages of 4.92% and 9.42%, respectively.
On January 11, 2024, GILT announced the launch of a new brand identity embracing the company's commitment to the new space revolution, and reflecting the company's vision of the right of all people to be connected.
On November 16, GILT announced that it had completed acquiring DataPath, Inc., a market leader in trusted communications for the U.S. DoD Military and Government sectors. This should bolster the company's position in the defense market.
GILT's revenues increased 5.9% year-over-year to $63.93 million during the third quarter ended September 30, 2023. Its non-GAAP gross profit increased 12.1% from the prior-year period to $25.91 million. The company's non-GAAP operating income increased 39.6% from the previous year's value to $6.10 million.
In addition, its non-GAAP net income rose 51.2% from the prior-year quarter to $4.58 million. Its non-GAAP EPS came in at $0.08, representing an increase of 33.3% year-over-year.
Analysts expect GILT's revenue for the fiscal fourth quarter ended December 2023 to increase 4.6% year-over-year to $75.99 million. Moreover, it has surpassed the consensus EPS estimates in three of the trailing four quarters.
Over the past nine months, the stock has surged 21% to close the last trading session at $5.82.
It's no surprise that GILT has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
It has an A grade for Sentiment and a B in Quality, Value, and Growth. Within the <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry, it is ranked #first out of 45 stocks.
In addition to the POWR Ratings stated above, one can access GILT's ratings for Momentum and Stability <a href="https://stocknews.com/stock/GILT/">here</a>.
AstroNova, Inc. (<a href="https://stocknews.com/stock/ALOT/">ALOT</a>)
ALOT designs, develops, manufactures, and distributes specialty printers and data acquisition and analysis systems, including hardware and software, which incorporate advanced technologies to acquire, store, analyze, and present data in multiple formats. The company operates in two segments: Product Identification (PI); and Test &amp; Measurement (T&amp;M).
ALOT's trailing-12-month EBIT margin of 6.96% is 41.5% higher than the industry average of 4.94%. The stock's trailing-12-month levered FCF margin of 18.65% is 115.6% higher than the industry average of 8.65%.
In the fiscal third quarter, which ended on October 28, 2023, ALOT's net revenue amounted to $37.55 million. Its gross profit grew 18.4% from the prior-year quarter to $14.78 million. Moreover, the company's non-GAAP net income and non-GAAP EPS amounted to $2.75 million and $0.37, up 231.9% and 825% from the prior-year quarter, respectively. Also, its non-GAAP operating income improved 123.8% year-over-year to $4.62 million.
ALOT's shares have surged 36.9% over the past three months to close the last trading session at $17.00.
ALOT's bright fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
The stock has a B grade in Value, Growth, Stability, and Sentiment. It is ranked #first out of 37 stocks in the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry.
Click <a href="https://stocknews.com/stock/ALOT/">here</a> to see the other ratings of ALOT (Momentum and Quality).
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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BRTHY shares were trading at $31.99 per share on Tuesday morning, down $0.35 (-1.08%). Year-to-date, BRTHY has gained 2.47%, versus a 0.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/brthy-gilt-alot-3-tech-stocks-to-buy-driving-gains/>3 Tech Stocks to Buy Driving Gains</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks to Buy Driving Gains

The technology industry expects growth in 2024, fueled by digital transformation and the rise of DaaS and AI markets, with increased cloud adoption and pandemic-accelerated trends in remote work practices. Hence, fundamentally strong tech stocks Panasonic Holdings (PCRFY), Nomura Research Institute (NRILY), and Brother Industries (BRTHY) might be solid buys for investors. Read more… The global technology industry is expected to thrive in 2024, fueled by an upturn in revenue and earnings growth, sustained demand for digital transformation, and reasonable valuations, particularly in software and internet services.
Therefore, investors could consider investing in top tech stocks Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>), Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>), and Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>).
The Consumer Technology Association (CTA) forecasts a 2.8% year-over-year growth in retail revenues for the U.S. consumer technology industry in 2024, <a href="https://www.prnewswire.com/news-releases/consumer-technology-association-forecast-us-tech-industry-revenue-to-rise-2-8-in-2024--302027266.html">reaching $512 billion</a>, driven by lower prices of tech products due to industry innovation and efficiency gains.  
Rising spending is propelled by a 6% increase in audio streaming, 4% in video streaming, and significant contributions from the gaming sector with product refreshes and AI integration.
Outside of the United States, the Japanese tech market offers a lucrative investment spot as home to a significantly <a href="https://www.statista.com/topics/7755/it-industry-in-japan/#topicOverview">large Information Technology (IT) industry</a>. The pandemic has also expedited a boost in automation and an openness toward outsourcing in the country. In 2024, the global IT services market projects revenue to reach $1.36 billion, and it is expected to grow at a <a href="https://www.statista.com/outlook/tmo/it-services/worldwide">CAGR of 6.8%</a> to reach $1.77 billion by 2028.
The swift pace of technological advancement is driving an ongoing need for faster and more sophisticated electrical goods. The development of cutting-edge electronic products is anticipated to be propelled by digital innovations such as AI, Internet of Things (IoT), AR/VR, and 5G communication.
In addition, the global Device as a Service (DaaS) market is on the rise, driven by the demand for subscription models and increased cloud adoption, further boosted by the impact of the pandemic, which accelerated digital transformation and remote work trends.
The global device-as-a-service market is anticipated to expand at a <a href="https://www.grandviewresearch.com/industry-analysis/device-as-a-service-market-report">CAGR of 29.1%</a> from 2023 to 2030.
Considering these conducive trends, let's examine the fundamentals of the three tech stock picks.
Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>)
Headquartered in Kadoma, Japan, PCRFY is a global electronics company known for developing and selling a wide range of products, from household appliances to automotive technologies. Its operations span lifestyle, automotive, connect, industry, and energy segments.
On January 9, 2024, PCRFY announced a collaboration with Amazon.com, Inc. (<a href="https://stocknews.com/stock/AMZN/">AMZN</a>) to incorporate Fire TV into its smart TVs from 2024, offering users a personalized and seamless viewing experience. The collaboration aims to enhance image and sound quality while providing connectivity across devices.
New products with Fire TV as the operating system will prioritize enhancing the experiential value of smart TVs.
PCRFY's trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">ROTA</a> of 4.89% is 22.5% higher than the industry average of 4%. Its 4.82% trailing-12-month CAPEX/Sales is 58.7% higher than the 3.04% industry average.
In the second quarter that ended September 30, 2023, PCRFY generated net sales of ¥2.09 trillion ($14.36 billion). The company's gross profit and net profit grew 8.2% and 44.2% year-over-year to ¥606.71 billion ($4.17 billion) and ¥91.47 billion ($628.37 million), respectively. Moreover, its EPS attributable to PCRFY stockholders rose 49.7% from the previous-year quarter to ¥37.45.
PCRFY's revenue and EPS are expected to grow significantly and 45.2% year-over-year to $57.60 billion and $1.22, respectively, for the fiscal year ending March 2024. The company surpassed the revenue and EPS estimates in three of the trailing four quarters, which is impressive.
PCRFY's shares have gained 13.7% over the past year to close the last trading session at $9.77.
PCRFY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its optimistic prospects. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
PCRFY has an A grade for Value and a B for Momentum and Stability. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry, it is ranked #4 among 36 stocks.
In addition to the POWR Ratings stated above, one can access PCRFY's additional Growth, Sentiment, and Quality ratings <a href="https://stocknews.com/stock/PCRFY/">here</a>.
Nomura Research Institute, Ltd. (<a href="https://stocknews.com/stock/NRILY/">NRILY</a>)
Based in Tokyo, Japan, NRILY offers consulting, financial IT solutions, and industrial IT solutions globally, serving enterprises and government agencies across diverse sectors. The company specializes in management consulting, financial technology solutions, and IT platform services.
On December 18, 2023, NRILY launched "AI Red Team," a security assessment service for systems employing generative AI, particularly Large Language Models. The service simulates attacks to identify and address vulnerabilities in AI systems, offering a thorough two-stage assessment.
Additionally, the company plans to launch the "AI Blue Team" service for continuous security monitoring of generative AI applications in April 2024.
NRILY's trailing-12-month EBIT margin of 15.68% is 218.8% higher than the industry average of 4.92%. Its 22.22% trailing-12-month EBITDA margin is 136.1% higher than the 9.42% industry average.
During the six months, which ended September 30, 2023, NRILY's revenue increased 6.8% year-over-year to ¥362.07 billion ($2.49 billion). The company reported gross profit and operating profit of ¥128.37 billion ($881.93 million) and ¥58.87 billion ($404.40 million), up 9.3% and 6.5% from the prior-year quarter, respectively.  Moreover, its EPS grew 5.7% from the previous-year quarter to ¥64.09.
For the fiscal year ending March 31, 2024, the company expects its revenue and operating profit to grow 6.2% and 7.3% from the previous fiscal year to ¥735 billion ($5.05 billion) and ¥120 billion ($824.40 million), respectively.
Analysts expect NRILY's revenue to grow 54.2% year-over-year to $5.06 billion for the fiscal year ending March 2024.
The stock has gained 27.6% over the past nine months to close the last trading session at $30.48.
NRILY's positive fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Stability and a B for Quality. Within the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry, it is ranked #5 of nine stocks.
To see NRILY's additional POWR Ratings for Growth, Value, Momentum, and Sentiment, click <a href="https://stocknews.com/stock/NRILY/">here</a>.
Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>)
Headquartered in Nagoya, Japan, BRTHY manufactures and sells communication and printing equipment globally, encompassing segments like inkjet printers; industrial sewing machines; and online karaoke systems. Its products cater to a wide range of markets and regions.
BRTHY's trailing-12-month EBIT margin of 7.70% is 56.5% higher than the industry average of 4.92%. Its 4.61% trailing-12-month net income margin is 95.5% higher than the 2.36% industry average.
On June 8, 2023, BRTHY paid an interim dividend of ¥34 per common share. The company pays $0.94 annually, which translates to a yield of 2.95% on the prevailing price level. Its four-year average dividend yield is 3.05%. Moreover, the company boasts a 33-year record for consecutive years of dividend payments.
In the second quarter, which ended September 30, 2023, BRTHY's revenue rose 1.2% from the previous-year quarter to ¥199,23 billion ($1.36 billion). The company's gross profit and operating profit increased 14.9% and 42.2%, respectively, year-over-year to ¥85.64 billion ($588.34 million) and ¥17.70 billion ($121.61 million). Moreover, it reported an EPS of ¥49.39.
For the fiscal year ending March 31, 2024, the company expects its revenue and operating profit to grow marginally and 26.4% year-over-year to ¥820 billion ($5.63 billion) and ¥70 billion ($480.90 million), respectively.
Street expects BRTHY's revenue to grow 68.8% year-over-year to $5.78 billion for the fiscal year ending March 2024.
BRTHY's shares have gained 15.5% over the past six months to close the last trading session at $31.99.
BRTHY's POWR Ratings reflect a robust outlook. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
The stock has an A grade for Value and a B for Momentum, Stability, and Quality. Within the B-rated <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry, it is ranked first among 41 stocks.
Click <a href="https://stocknews.com/stock/BRTHY/">here</a> for BRTHY's additional Growth and Sentiment ratings.
What To Do Next? 
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.  
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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PCRFY shares were trading at $9.55 per share on Tuesday afternoon, down $0.22 (-2.25%). Year-to-date, PCRFY has declined -2.95%, versus a -0.22% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/pcrfy-nrily-brthy-amzn-3-tech-stocks-edging-out-competitors/>3 Tech Stocks Edging Out Competitors</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Edging Out Competitors

Despite potential macroeconomic challenges that may impede growth, the tech industry's long-term prospects are bright due to digitization and increased reliance on technology. So, it could be wise to invest in quality tech Brother Industries (BRTHY), Hackett Group (HCKT), and Materialise (MTLS) for gains. Read on... The technology industry is thriving thanks to emerging technologies and rapid innovation, which are revolutionizing sectors, creating new job opportunities, and increasing productivity.
Given the industry's growth prospects, investors could consider buying fundamentally sound tech stocks Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>), The Hackett Group, Inc. (<a href="https://stocknews.com/stock/HCKT/">HCKT</a>), and Materialise NV (<a href="https://stocknews.com/stock/MTLS/">MTLS</a>) for solid returns.
Before discussing the fundamentals of these stocks in detail, let's see what's driving the prospects tech industry.
The information technology market is anticipated to reach $12.42 trillion by 2028 at a <a href="https://www.thebusinessresearchcompany.com/report/information-technology-global-market-report#:~:text=The%20information%20technology%20market%20size,(CAGR)%20of%206.2%25.">CAGR of 8.3%</a>. The market's expansion is attributed to the widespread adoption of cloud computing, AI, big data analytics, cybersecurity solutions, and IoT device expansion.
The global 3D printing industry is expected to reach $83.90 billion by 2029, with a <a href="https://www.globenewswire.com/en/news-release/2023/01/30/2597337/0/en/With-24-3-CAGR-3D-Printing-Market-Size-Worth-USD-83-90-Billion-by-2029.html">CAGR of 24.3%</a>. The widespread adoption of 3D printing technology in the healthcare, automotive, and aerospace industries is driving growth due to its ability to reduce production time and costs while allowing for customization and complex designs.
Furthermore, investors' interest in tech stocks is evident from the Technology Select Sector SPDR ETF's (<a href="https://stocknews.com/stock/XLK/">XLK</a>) 38.1% returns over the past nine months.
Considering these conducive trends, let's take a look at the fundamentals of the three best tech stocks.
Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>)
Headquartered in Nagoya, Japan, BRTHY manufactures and sells communications and printing equipment in Japan, the Americas, Europe, Asia, Oceania, the Middle East, Africa, and internationally. It operates through Printing &amp; Solutions; Machinery; Domino; Nissei; Personal &amp; Home; and Network &amp; Contents segments.
BRTHY's forward Price/Sales of 0.77x is 73.8% lower than the industry average of 2.93x. Also, its forward <a href="https://www.investopedia.com/terms/e/enterprisevaluesales.asp">EV/Sales</a> of 0.62x is 79.1% lower than the industry average of 2.95x.
BRTHY's trailing-12-month ROCE of 5.93% is 294.3% higher than the industry average of 1.50%. Its trailing-12-month ROTA of 4.31% is 615.2% higher than the industry average of 0.60%.
During the fiscal second quarter that ended September 30, 2023, BRTHY's revenue increased 1.2% year-over-year to ¥199.23 billion ($1.37 billion). The company's operating profit rose 42.2% over the prior year's quarter to ¥17.70 billion ($123.22 million). Moreover, its profit for the period and EPS amounted to ¥12.66 billion ($88.14 million) and ¥49.39.
The consensus revenue estimate of $5.57 billion for the year ending March 2024 increased 62.5% year-over-year. BRTHY's shares have gained 14.8% over the past nine months to close the last trading session at $33.88.
BRTHY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall A rating, equating to Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
BRTHY also has an A grade for Stability and a B for Value, Momentum and Quality. It is ranked first among the 40 stocks in the B-rated <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry. <a href="https://stocknews.com/stock/BRTHY/">Click here</a> for the additional POWR Ratings for Growth and Sentiment for BRTHY.
The Hackett Group, Inc. (<a href="https://stocknews.com/stock/HCKT/">HCKT</a>)
HCKT operates as a strategic advisory and technology consulting firm primarily in the United States, Europe, and internationally. The company operates through three segments: Global Strategy &amp; Business Transformation; Oracle Solutions; and SAP Solutions.
HCKT's forward EV/EBITDA of 10.44x is 33.7% lower than the industry average of 15.73x. Its forward EV/EBIT of 13.24x is 34.9% lower than the industry average of 20.33x.
HCKT's trailing-12-month ROCE of 29.41% is significantly higher than the 1.50% industry average. Its trailing-12-month ROTA of 19.92% is significantly higher than the 0.60% industry average.
In the third quarter that ended September 29, 2023, HCKT's total revenues increased 5.3% year-over-year to $75.86 million, while its revenue before reimbursements rose 5.1% from the year-ago value to $74.63 million. The company's adjusted net income came in at $11.42 million. Also, its adjusted net income per common share increased 10.8% from the prior-year period to $0.41.
Street expects HCKT's revenue to increase 4% year-over-year to $306.81 million for the fiscal year ending December 2024. Its EPS is expected to grow 9.3% year-over-year to $1.68 for the same period. Shares of HCKT have gained 27.23% over the past nine months to close the last trading session at $23.27.
HCKT's positive outlook is reflected in its POWR Ratings. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
HCKT has a B grade for Stability, Sentiment and Quality. It ranks first among the nine stocks in the A-rated <a href="https://stocknews.com/category/outsourcing-tech-services/">Outsourcing - Tech Services</a> industry. <a href="https://stocknews.com/stock/HCKT/">Click here</a> to access additional HCKT ratings (Growth, Value and Momentum).
Materialise NV (<a href="https://stocknews.com/stock/MTLS/">MTLS</a>)
Headquartered in Leuven, Belgium, MTLS provides additive manufacturing, medical software, and 3D printing services in the Americas, Europe, Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software; Materialise Medical; and Materialise Manufacturing.
MTLS' forward EV/Sales of 0.96x is 67.3% lower than the industry average of 2.94x. Its forward Price/Sales of 1.21x is 58.3% lower than the industry average of 2.91x.
MTLS' trailing-12-month asset turnover ratio of 0.63x is marginally higher than the industry average of 0.62x. Its trailing-12-month CAPEX / Sales of 4.89% is 105.6% higher than the industry average of 2.38%.
For the fiscal third quarter that ended September 30, 2023, MTLS' revenue increased 3.2% year-over-year to €60.13 million ($63.70 million), while its gross profit rose 5.2% from the prior-year quarter to €33.70 million ($35.70 million).
The company's net profit for the period improved 184% from the year-ago value to €4.01 million ($4.25 million). Also, its adjusted EBITDA came in at €7.86 million ($8.57 million), up 54.9% from the prior-year quarter.
Analysts expect MTLS' revenue to come in at $313.28 million for the year ending December 2024, indicating an increase of 10.3% year-over-year. Its EPS is expected to grow at 57.9% year-over-year to $0.18 for the same period. The stock has gained 11.7% over the past three months to close the last trading session at $5.83.
MTLS has an overall A rating, equating to a Strong Buy in our POWR Ratings system. It has an A grade for Growth, Value and Sentiment. It is ranked first among the five stocks in the B-rated <a href="https://stocknews.com/category/technology-electronics/">Technology - 3D Printing</a> industry.
Beyond what is stated above, we've also rated MTLS for Stability, Momentum and Quality. Get all MTLS ratings <a href="https://stocknews.com/stock/MTLS/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
BRTHY shares were trading at $33.52 per share on Monday afternoon, down $0.36 (-1.06%). Year-to-date, BRTHY has gained 7.37%, versus a 2.67% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/brthy-hckt-mtls-top-3-tech-stocks-to-pick-for-monthly-success/>Top 3 Tech Stocks to Pick for Monthly Success</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 3 Tech Stocks to Pick for Monthly Success

The technology sector's significant growth is fueled by continued technological innovation, Gen Z's mobile habits, and rising demand for versatile devices. Hence, it could be wise to invest in tech stocks Canon (CAJPY), Zoom Video Communications (ZM), and Brother Industries (BRTHY), which are poised to surpass expectations. Continue reading... The tech sector is set to witness solid growth this year, emphasizing efficiency, innovation, and increased spending on software and IT services, focusing on globalization and generative AI growth. So, investors could consider buying top tech stocks Canon Inc. (<a href="https://stocknews.com/stock/CAJPY/">CAJPY</a>), Zoom Video Communications, Inc. (<a href="https://stocknews.com/stock/ZM/">ZM</a>), and Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>) for potential gains.
A notable surge of 49.1% in the NASDAQ Composite over the past year underscores robust growth and outstanding performance in the technology sector, demonstrating investor confidence and optimistic sentiment regarding the future of technology companies.
In addition, the U.S. consumer electronics industry is set to bounce back in 2024, with sales expected to rise by 2.8% year-over-year to $512 billion, driven by PC and smartphone refresh cycles. Also, AI is poised to drive device upgrades, with software and services sales forecasted to grow by 3.8% to $163 billion, and hardware sales are projected to <a href="https://www.investors.com/news/technology/ces-2024-upgrades-to-drive-consumer-electronics-sales/">rise by 2.3% to $349 billion</a>.
Moreover, Gen Z's tech habits emphasize mobile and social media use, pushing for personalized experiences and sustainability reshaping work, education, and healthcare. <a href="https://www.cta.tech/Resources/Newsroom/Media-Releases/2024/February/CTA-Research-Exploring-Gen-Z-Views-and-Preferences">CTA's study highlights</a> 86% tech reliance, owning 13 devices on average, and spending 12 hours daily, preferring smartphones and streaming/gaming devices over TVs.
The IT hardware market is further buoyant, fueled by the rising demand for versatile devices like laptops and tablets, driven by remote work and learning needs during the pandemic. Manufacturers continuously innovate to meet diverse digital needs across sectors, driving market growth. The global IT services market is expected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/it-services-market-report#:~:text=The%20global%20IT%20services%20market%20is%20expected%20to%20grow%20at,share%20of%2036.8%25%20in%202022.">CAGR of 9.7%</a> by 2030.
Considering these conducive trends, let's examine the fundamentals of the three best tech stock picks.
Canon Inc. (<a href="https://stocknews.com/stock/CAJPY/">CAJPY</a>)
Headquartered in Tokyo, Japan, CAJPY is a multinational company specializing in a diverse range of products, including office multifunction devices, printers, cameras, medical equipment, and lithography equipment. It operates through several business units, including Printing; Imaging; Medical; Industrial; and others.
On March 26, CAJPY expands its ColorStream 8000 series with the ColorStream 8110 and flagship ColorStream 8200, boasting speeds of up to 361 and 656 feet per minute, respectively. These models feature native 1200 DPI printheads, which are highly pigmented water-based polymer inks and can deliver 2,860 impressions per minute with PRISMA production workflow integration.
On March 18, CAJPY launched the CE-SAT-IE micro-satellite, confirming normal operation post-launch and successful communication with ground stations. Equipped with CAJPY's PowerShot S110 compact digital camera, it captured the Gulf of California and aims for high-resolution imaging with CAJPY's EOS R5 digital camera for geospatial information and disaster prevention.
During the fourth quarter, which ended December 31, 2023, CAJPY's net sales increased marginally from the previous year's quarter to ¥1.16 trillion ($7.67 billion). The company's gross profit and <a href="https://www.investopedia.com/terms/o/operating_profit.asp">operating profit</a> grew 5.7% and 19.2% from a year-ago quarter to ¥548.08 billion ($3.61 billion) and ¥115.99 billion ($764.91 million), respectively.
As of December 31, 2023, the company's net cash provided by operating activities amounted to ¥451.19 billion ($2.98 billion), compared to ¥262.60 billion ($1.73 billion) as of December 31, 2022.
For the fiscal year ending December 31, 2024, CAJPY projects net sales of ¥4.35 trillion ($28.69 billion), an operating profit of ¥435 billion ($2.87 billion), and net income attributable to CAJPY of ¥305 billion ($2.01 billion).
Analysts anticipate CAJPY's revenue to increase by 151.9% year-over-year to $28.46 billion for the fiscal year ending December 2024. The stock has gained 32% over the past year and 24.7% over the past six months to close the last trading session at $29.19. Also, it soared marginally intraday.
CAJPY's <a href="https://stocknews.com/powr-ratings/">POWR</a><a href="https://stocknews.com/powr-ratings/"> Ratings</a> reflect its robust prospects. The stock has an overall A rating, translating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted optimally.
The stock has an A grade for Momentum and a B for Value, Stability, and Quality. CAJPY is ranked #5 among 38 stocks within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry.
<a href="https://stocknews.com/stock/CAJPY/">Click here</a> to see CAJPY's ratings for Growth and Sentiment.
Zoom Video Communications, Inc. (<a href="https://stocknews.com/stock/ZM/">ZM</a>)
ZM provides a unified communications platform, including video meetings, phone services, and virtual event solutions, serving diverse industries globally. Its services range from individual users to enterprise-level applications.
On March 25, ZM launched ZM Workplace in AWS Marketplace, offering customers seamless access to Meetings, Team Chat, Phone, Whiteboard, Spaces, Contact Center, and Revenue Accelerator products. This collaboration enhances IT teams' abilities to consolidate technology purchasing, leverage AWS resources, and optimize collaboration and communications in the digital-first era.
On the same day, ZM and Avaya collaborated to improve collaboration for enterprises by integrating ZM Workplace with Avaya's Communication &amp; Collaboration Suite. This partnership enhances user experiences, leveraging ZM's interface while preserving investments in Avaya solutions.
In the fourth quarter, which ended January 31, 2024, ZM's revenue grew 2.6% year-over-year to $1.15 billion. The company's non-GAAP net income and net income per share increased 21.1% and 16.4% from the prior-year quarter to $443.97 million and $1.42, respectively. Also, its non-GAAP free cash flow rose 81.5% from the prior-year quarter to $332.69 million.
As of January 31, 2024, the company's total liabilities amounted to $1.91 billion, compared to $1.92 billion as of January 31, 2023.
For the full fiscal year 2025, the company forecasts its total revenue to reach approximately $4.60 billion. Its non-GAAP income from operations is anticipated to range between $1.72 billion and $1.73 billion, and non-GAAP EPS is projected to fall between $4.85 and $4.88. Furthermore, free cash flow is expected to range between $1.44 billion and $1.48 billion.
Street expects ZM's revenue to grow 2% year-over-year to $4.62 billion for the fiscal year ending January 2025. Its EPS for the same quarter is expected to be $4.89. Additionally, the company surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is promising.
ZM's shares have declined marginally intraday to close the last trading session at $62.94.
ZM's POWR Ratings reflect its sound prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
ZM has a B grade for Growth, Value, and Quality. Within the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry, it is ranked #7 out of 81 stocks.
In addition to the POWR Ratings stated above, one can access ZM's additional Momentum, Stability, and Sentiment ratings <a href="https://stocknews.com/stock/ZM/">here</a>.
Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>)
Headquartered in Nagoya, Japan, BRTHY manufactures and sells communication and printing equipment globally, encompassing segments like inkjet printers; industrial sewing machines; and online karaoke systems. Its products cater to a wide range of markets and regions.
On March 18, 2024, BRTHY introduced a diverse product lineup and expanded into renowned anime and manga from Japan at the FESPA Global Print Expo 2024. The exhibition includes garment printers, sewing and embroidery machines, and merchandise featuring characters from notable anime and manga series, showcasing Brother's innovation and versatility in industrial printing.
BRTHY forecasted an annual dividend of ¥68 ($0.448) per common share for the fiscal year ended March 31, 2024. The company pays $0.94 annually, which translates to a yield of 2.55% on the prevailing price level. Its four-year average dividend yield is 2.95%. Moreover, the company boasts a 33-year record for consecutive dividend payments.
BRTHY reported a total revenue of ¥213.13 billion ($1.41 billion) in the third quarter that ended December 31, 2023. The company's gross profit and profit for the period increased 11.4% and 39.3% year-over-year, respectively, to ¥90.79 billion ($598.71 million) and ¥17.71 billion ($116.80 million). Moreover, its EPS grew 39.3% from the year-ago quarter to ¥69.11.
For the fiscal year ending March 31, 2024, the company expects its revenue and operating profit to grow marginally and 26.4% year-over-year to ¥820 billion ($5.41 billion) and ¥70 billion ($461.61 million), respectively.
Analysts expect BRTHY's revenue for the fiscal year ending March 2024 to grow 58% year-over-year to $5.42 billion. Shares of BRTHY have surged 14.3% over the past three months and 33.1% over the past nine months to close the last trading session at $36.97.
BRTHY's POWR Ratings reflect an optimistic outlook. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
The stock has an A grade for Value, Momentum, and Stability and a B for Quality. Within the <a href="https://stocknews.com/category/technology-electronics/">Technology – Electronics</a> industry, it is ranked first among 43 stocks.
For more insights into BRTHY's Growth and Sentiment ratings, click <a href="https://stocknews.com/stock/BRTHY/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
CAJPY shares were trading at $29.30 per share on Monday morning, up $0.11 (+0.36%). Year-to-date, CAJPY has gained 14.45%, versus a 9.47% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/cajpy-zm-brthy-3-tech-stocks-set-to-soar-beyond-expectations/>3 Tech Stocks Set to Soar Beyond Expectations</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Set to Soar Beyond Expectations

The tech industry thrives because more businesses are going digital, utilizing advanced technology, and receiving government support for innovation. Given this backdrop, investors could consider buying fundamentally strong tech stocks Zoom Video Communications (ZM), TDK (TTDKY), Brother Industries (BRTHY), N-able (NABL), and Gilat Satellite Networks (GILT). Read on... The tech sector is witnessing substantial growth, fueled by companies' investments in advanced technologies for digital transformation, streamlining of operations, and productivity enhancement. Moreover, the heightened demand for faster connectivity, consumer electronics, and advanced networking equipment adds further optimism to the industry's outlook.
Given this backdrop, investors could consider buying quality tech stocks Zoom Video Communications, Inc. (<a href="https://stocknews.com/stock/ZM/">ZM</a>), TDK Corporation (<a href="https://stocknews.com/stock/TTDKY/">TTDKY</a>), Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>), N-able, Inc. (<a href="https://stocknews.com/stock/NABL/">NABL</a>), and Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>).
Global IT spending is projected to reach <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">$5.06 trillion in 2024</a>, an 8% increase from 2023. The automation of operations, digital transformation initiatives, and the adoption of advanced technologies like Generative AI are driving the demand for tech services. The global IT services market is anticipated to reach $1.36 trillion this year and is further expected to expand at a <a href="https://www.statista.com/outlook/tmo/it-services/worldwide">CAGR of 6.8%</a>, reaching $1.77 trillion by 2028.
Meanwhile, businesses' growing need for advanced networking is fueled by emerging tech like edge computing, IoT devices, and cloud services. The proper functioning of such technologies demands robust electronics and high-speed networking devices. The global optical communication and networking equipment market is expected to grow at a <a href="https://finance.yahoo.com/news/global-optical-communication-networking-equipment-094300881.html">CAGR of 15.8%</a>, reaching $107.46 billion by 2030.
Moreover, the demand for advanced hardware is rising to meet the complex processing demands and increasing workloads. The IT hardware market is expected to grow at a 7.9% CAGR, reaching <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market">$191.03 billion by 2029</a>. Also, as devices become automated, interconnected, and smarter, the demand for high-quality components is growing.
The global electronic components market is expected to grow at a <a href="https://www.precedenceresearch.com/electronic-components-market">CAGR of 6.8%</a> to reach $368.40 billion by 2032. Investors' interest in tech stocks is evident from the Technology Select Sector SPDR Fund's (<a href="https://stocknews.com/stock/XLK/">XLK</a>) 29% returns over the past year.
Considering these conducive trends, let's analyze the fundamentals of the five tech stocks mentioned above.
Zoom Video Communications, Inc. (<a href="https://stocknews.com/stock/ZM/">ZM</a>)
ZM provides a unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings, Zoom Phone, Zoom Chat, Zoom Rooms, Zoom Conference Room Connector, Zoom Events, OnZoom, and Zoom Webinars.
On March 25, 2024, ZM launched Zoom Workplace, its AI-powered collaboration platform, on AWS Marketplace. This allows customers to conveniently buy Zoom Workplace products, like Meetings and Team Chat, via AWS Marketplace, simplifying tech purchases and optimizing AWS resources.
On March 25, 2024, ZM and Avaya announced a strategic partnership to enhance collaboration experiences for global enterprises, with Avaya integrating Zoom Workplace, ZM's AI-powered platform, into its Communication &amp; Collaboration Suite.
This integration offers streamlined communication management and enhanced collaboration tools for Avaya's enterprise customers, preserving existing investments while leveraging ZM's innovative solutions.
In terms of the trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT</a> margin, ZM's 13.21% is 175.5% higher than the 4.80% industry average. Its 33.24% trailing-12-month levered FCF margin is 248.7% higher than the 9.53% industry average. Likewise, its 2.80% trailing-12-month Capex / Sales is 20.8% higher than the industry average of 2.32%.
ZM's revenues for the fourth quarter ended January 31, 2024, increased 2.6% year-over-year to $1.15 billion. The company's non-GAAP net income and net income per share increased 21.1% and 16.4% from the prior-year quarter to $443.97 million and $1.42, respectively. Also, as of January 31, 2024, the company's total liabilities amounted to $1.91 billion, compared to $1.92 billion as of January 31, 2023.
Analysts expect ZM's EPS and revenue for the quarter ending April 30, 2024, to increase 2.4% and 2% year-over-year to $1.19 and $1.13 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past six months, the stock has declined 4.7% to close the last trading session at $59.45.
ZM's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Growth, Value, and Quality. Within the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, it is ranked #7 out of 79 stocks. To see ZM's Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/ZM/">click here</a>.
TDK Corporation (<a href="https://stocknews.com/stock/TTDKY/">TTDKY</a>)
Headquartered in Tokyo, Japan, TTDKY and its subsidiaries manufacture and sell electronic components internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.
On April 9, 2024, TTDKY announced the B40910 series of hybrid polymer capacitors, which offer very high ripple current capability (up to 4.6 A), low ESR, and a wide temperature range. These capacitors are suitable for demanding applications in automotive and industrial electronics.
On January 9, 2024, TTDKY and Goodyear announced a collaboration to advance tire intelligence technologies, aiming to develop sensors and related tech for vehicles and tire applications, enhancing vehicle performance and safety.
In terms of the trailing-12-month Return on Common Equity, TTDKY's 6.31% is 74.9% higher than the 3.61% industry average. Likewise, its 3.73% trailing-12-month Return on Total Capital is 56.1% higher than the industry average of 2.39%. Its 0.64x trailing-12-month asset turnover ratio is 5.3% higher than the industry average of 0.61x.
For the fiscal third quarter that ended December 31, 2023, TTDKY's net sales came in at ¥559.25 billion ($3.62 billion). Its operating profit increased 2.7% year-over-year to ¥70.20 billion ($453.92 million). Likewise, its net profit attributable to owners of parent and EPS came in at ¥65.30 billion ($422.23 million) and ¥171.88, up 30.8% each over the prior-year quarter, respectively.
For the quarter ending September 30, 2024, TTDKY's EPS is expected to increase 38.3% year-over-year to $0.95. Its revenue for the same quarter is expected to increase 0.9% year-over-year to $3.72 billion. Over the past year, the stock has gained 34.4% to close the last trading session at $45.77.
It's no surprise that TTDKY has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has a B grade for Growth, Stability, and Sentiment. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry, it is ranked #4 out of 38 stocks. In total, we rate TTDKY on eight different levels. Beyond what we stated above, we also have given TTDKY grades for Value, Momentum, and Quality. Get all the TTDKY ratings <a href="https://stocknews.com/stock/TTDKY/">here</a>.
Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>)
Headquartered in Nagoya, Japan, BRTHY manufactures and sells communications and printing equipment in Japan, the Americas, Europe, Asia, Oceania, the Middle East, Africa, and internationally. It operates through Printing &amp; Solutions, Machinery, Domino, Nissei, Personal &amp; Home, and Network &amp; Contents segments.
On February 2, 2024, BRTHY announced the completion of Factory 3 for its manufacturing subsidiary, BROTHER INDUSTRIES (PHILIPPINES), INC., located in Tanauan City, Batangas. The new facility will manufacture printers, All-in-Ones, labeling systems, and consumables, with solar panels contributing to renewable energy use.
In terms of the trailing-12-month Capex / Sales, BRTHY's 4.73% is 103.9% higher than the 2.32% industry average. Likewise, its 5.24% trailing-12-month net income margin is 100.9% higher than the 2.61% industry average. Additionally, its 13.37% trailing-12-month EBITDA margin is 39.6% higher than the 9.58% industry average.
BRTHY's total revenue for the fiscal third quarter that ended on December 31, 2023,  amounted to ¥213.13 billion ($1.38 billion). The company's gross profit increased 11.4% year-over-year, reaching ¥90.79 billion ($587.05 million). Moreover, its profit for the period grew 39.3% from the year-ago value to ¥17.71 billion ($114.51 million), and its EPS rose 39.3% year-over-year to ¥69.11.
Street expects BRTHY's revenue for the quarter ending September 30, 2024, to increase 3.2% year-over-year to $1.37 billion. Over the past year, BRTHY's stock has gained 25.3% to close the last trading session at $37.
BRTHY's positive outlook is reflected in its POWR Ratings. It has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has an A grade for Value, Momentum, and Stability and a B for Quality. It is ranked first out of 43 stocks in the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry. To access BRTHY's Growth and Sentiment grades, <a href="https://stocknews.com/stock/BRTHY/">click here</a>.
N-able, Inc. (<a href="https://stocknews.com/stock/NABL/">NABL</a>)
NABL provides cloud-based software solutions for managed service providers. The company's solutions enable MSPs to support digital transformation and growth within small and medium-sized enterprises. Its software platform is designed to be an enterprise-grade solution that serves as an operating system for its MSP partners and scales as their businesses grow.
In terms of the trailing-12-month gross profit margin, NABL's 84.27% is 72.3% higher than the 48.90% industry average. Likewise, its 2.01% trailing-12-month Return on Total Assets is 33.3% higher than the 1.51% industry average. Additionally, its 16.83% trailing-12-month EBIT margin is 250.8% higher than the industry average of 4.80%.
For the fiscal fourth quarter ended December 31, 2023, NABL's subscription and other revenue increased 13.2% year-over-year to $108.42 million. Its non-GAAP gross profit rose 12.5% year-over-year to $91.65 million. The company's non-GAAP operating income rose 25% year-over-year to $33.28 million.
Moreover, its non-GAAP net income increased 10.3% over the prior-year quarter to $19.83 million. Also, its non-GAAP earnings per share rose 10% year-over-year to $0.11.
Analysts expect NABL's EPS and revenue for the quarter ended March 31, 2024, to increase 16.8% and 11.4% year-over-year to $0.09 and $111.19 million, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past six months, the stock has declined 6.5% to close the last trading session at $12.19.
NABL's solid prospects are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Sentiment and a B for Growth and Stability. It is ranked #6 in the Technology - Services industry. To see NABL's Value, Momentum, and Quality ratings, <a href="https://stocknews.com/stock/NABL/">click here</a>.
Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>)
Headquartered in Petah Tikva, Israel, GILT and its subsidiaries provide satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services.
On April 9, 2024, GILT announced the development of a multimillion-dollar next-generation SOTM/SOTP modem for military applications, designed to provide high-speed, secure satellite communications with advanced capabilities for battlefield superiority, emphasizing their expertise in mission-critical solutions and customer trust in delivering innovative technology.
On April 9, 2024, GILT announced a multimillion-dollar order from a top IFC Service Provider to enhance In-Flight Connectivity with its Taurus Aero modems, emphasizing their advanced satellite communication solutions and ongoing commitment to delivering superior IFC experiences in aviation.
In terms of the trailing-12-month EBIT margin, GILT's 10.55% is 120.1% higher than the 4.80% industry average. Its 15.59% trailing-12-month EBITDA margin is 62.8% higher than the 9.58% industry average. Likewise, its 6.53% trailing-12-month Return on Total Capital is 173% higher than the industry average of 2.39%.
GILT's revenues for the fiscal year ended December 31, 2023, increased 10.9% year-over-year to $266.09 million. Its non-GAAP gross profit rose 21.4% over the prior-year quarter to $105.840 million. Its non-GAAP net income rose 88.7% over the prior-year quarter to $19.91 million. Also, its non-GAAP EPS came in at $0.35, representing an increase of 84.2% year-over-year.
Street expects GILT's revenue for the quarter ended March 31, 2024, to increase 30.8% year-over-year to $77.10 million. Its EPS for the fiscal 2025 is expected to grow 18.2% year-over-year to $0.39. Over the past year, the stock has gained 9.7% to close the last trading session at $5.31.
GILT's POWR Ratings reflect solid prospects. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It is ranked first out of 47 stocks in the <a href="https://stocknews.com/category/technology-communication-networking/">Technology - Communication/Networking</a> industry. It has an A grade for Sentiment and a B for Value. <a href="https://stocknews.com/stock/GILT/">Click here</a> to see GILT's Growth, Momentum, Stability, and Quality ratings.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
ZM shares were trading at $59.11 per share on Monday morning, down $0.34 (-0.57%). Year-to-date, ZM has declined -17.80%, versus a 4.85% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/zm-ttdky-brthy-nabl-gilt-top-5-tech-stocks-to-buy-before-may-2024/>Top 5 Tech Stocks to Buy BEFORE May 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Top 5 Tech Stocks to Buy BEFORE May 2024

The electronic tech industry is fueled by the growing popularity of smart devices providing convenience, growing IT spending, and rapid digitalization initiatives. Therefore, quality electronic tech stocks such as Universal Electronics (UEIC), Dolby Laboratories (DLB), and Brother Industries (BRTHY) could be solid buys. Read on... A simultaneous uptick in IT spending and income levels, along with the introduction of new technologies in electronic devices, has significantly bolstered the electronic tech industry.
Amid this backdrop, investors could consider buying fundamentally strong electronic tech stocks Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>), Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>), and Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>). Before exploring the fundamentals of these stocks, let's first understand what's shaping the electronic tech industry's prospects.
Early replacements and shortened device lifespans are expected to drive the rise in device spending. Gartner predicts worldwide device spending will total $687.94 million this year, increasing by <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">3.6% year-over-year</a>.
A sustained rise in the usage of home and personal devices like smart TVs, speakers, gaming consoles, and smartphones for the purpose of entertainment, communication, and education has been observed. The growing popularity of new trends like the miniaturization of electronic components for easy mobility and easy-to-use high-performing devices is gaining recognition in the market.
Moreover, the inclusion of AI and IoT-enabled smart devices in modern households is rising due to the rapid upgrade of consumers' standard of living and growing income levels. As consumer spending on technology products and services increases, the demand for advanced electronics will grow, contributing to the expansion of the electronic technology market.
The advent of digitalization in new electronic components has supported the development of new technologies like 5G, the Internet of Things, edge computing, artificial intelligence, machine learning, and more. aiding the industry in meeting consumers' ever-changing demands and finding innovative solutions.
The global consumer electronics market is expected to grow at a <a href="https://www.fortunebusinessinsights.com/consumer-electronics-market-104693">7.6% CAGR</a>, reaching $1.47 trillion by 2032.
With these favorable trends in mind, let's delve into the fundamentals of the three <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> stock picks, starting with the third in line.
Stock #3: Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>)
UEIC designs, develops, manufactures, ships, and supports control and sensor technology solutions internationally. It offers voice-enabled, automatically programmed universal two-way radio frequency and infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers.
UEIC's trailing-12-month asset turnover ratio of 1.09x is 9.6% higher than the industry average of 1x. Similarly, its trailing-12-month levered FCF margin of 9.09% is 66.1% higher than the industry average of 5.47%.
UEIC's net sales for the fiscal fourth quarter that ended March 31, 2024, stood at $91.90 million. Its adjusted gross profit amounted to $27.23 million. Moreover, its cash and cash equivalents at end of period came in at $26.91 million. As of March 31, 2024, UEIC's total <a href="https://www.investopedia.com/terms/c/currentliabilities.asp">current liabilities</a> amounted to $138.67 million, compared to $161.15 million as of December 31, 2023.
For the quarter ending September 30, 2024, UEIC's revenue and EPS are expected to increase 1.5% and 170.8% year-over-year to $108.69 million and $0.22, respectively. It surpassed consensus EPS estimates in each of the trailing four quarters, which is impressive. The stock has gained 33.8% over the past six months to close the last trading session at $10.56.
UEIC's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this positive outlook. It has an overall rating of B, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
UEIC has a B grade for Value. It is ranked #5 out of 43 stocks in the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry. <a href="https://stocknews.com/stock/UEIC/">Click here</a> to see UEIC's ratings for Growth, Momentum, Stability, Sentiment, and Quality.
Stock #2: Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>)
DLB creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles.
On May 29, 2024, DLB announced a partnership with VIZIO to integrate Dolby Atmos across VIZIO's 2024 soundbar lineup, offering advanced immersive sound experiences starting at $99. This initiative aims to make high-quality audio more accessible to a wider range of consumers.
DLB's trailing-12-month CAPEX / Sales of 2.41% is 6.4% higher than the industry average of 2.27%. Likewise, its trailing-12-month EBIT margin and net income margin of 18.79% and 15% are 301% and 455.2% higher than the industry averages of 4.69% and 2.70%, respectively.
For the fiscal second quarter that ended March 29, 2024, DLB's total revenue and gross profit stood at $364.52 million and $325.75 million, respectively. For the same quarter, its non-GAAP net income attributable to DLB and earnings per share increased marginally from the year-ago quarter to $123.19 million and $1.27, respectively.
Street expects DLB's EPS for the quarter ending June 30, 2024, to increase 7.3% year-over-year to $0.59. Its revenue for the quarter ending September 30, 2024, is expected to rise 12.4% year-over-year to $326.60 million. The company surpassed consensus EPS estimates in each of the trailing four quarters. DLB has declined 1.4% over the past month, closing the last trading session at $78.23.
DLB's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to Buy in our proprietary rating system.
It has an A grade for Quality and a B for Sentiment. It is ranked #4 in the same industry. Get DLB's Growth, Value, Momentum, and Stability ratings<a href="https://stocknews.com/stock/DLB/"> here</a>.
Stock #1: Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>)
BRTHY, headquartered in Nagoya, Japan, manufactures and sells communications and printing equipment internationally. It operates through the Printing &amp; Solutions, Machinery, Domino, Nissei, Personal &amp; Home, and Network &amp; Contents segments.
BRTHY's trailing-12-month EBITDA margin of 11.83% is 21% higher than the industry average of 9.78%. Its trailing-12-month Return on Total Capital and Return on Total Assets of 4.67% and 3.53% are 77.4% and 135.5% higher than the industry averages of 2.63% and 1.50%, respectively.
BRTHY's revenue for the fiscal year that ended March 31, 2024, increased marginally year-over-year to ¥822.93 billion ($5.23 billion). The company's gross profit grew 11.2% from the year-ago value to ¥355.34 billion ($2.26 billion). In addition, its profit for the year attributable to owners of the parent company stood at ¥31.65 billion ($201.05 million) and ¥123.48 per share, respectively.
Analysts expect BRTHY's revenue for the quarter ending September 30, 2024, to increase 3.3% year-over-year to $1.37 billion. Over the past year, the stock has gained 26.7%, closing the last trading session at $37.19.
BRTHY's POWR Ratings reflect its robust prospects. It has an overall A rating, equating to a Strong Buy in our proprietary rating system.
BRTHY has an A grade for Stability and a B for Value, Momentum, and Quality. Within the Technology - Electronics industry, it is ranked first. <a href="https://stocknews.com/stock/BRTHY/">Click here</a> for the additional POWR Ratings of BRTHY (Growth and Sentiment).
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
DLB shares were trading at $77.82 per share on Thursday morning, down $0.41 (-0.52%). Year-to-date, DLB has declined -9.03%, versus a 10.57% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/dlb-brthy-ueic-3-electronic-tech-stocks-with-buy-signals-this-week/>3 Electronic Tech Stocks to Buy Now</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Electronic Tech Stocks to Buy Now

The electronic tech industry is fueled by the growing popularity of smart devices providing convenience, growing IT spending, and rapid digitalization initiatives. Therefore, quality electronic tech stocks such as Universal Electronics (UEIC), Dolby Laboratories (DLB), and Brother Industries (BRTHY) could be solid buys. Read on... A simultaneous uptick in IT spending and income levels, along with the introduction of new technologies in electronic devices, has significantly bolstered the electronic tech industry.
Amid this backdrop, investors could consider buying fundamentally strong electronic tech stocks Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>), Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>), and Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>). Before exploring the fundamentals of these stocks, let's first understand what's shaping the electronic tech industry's prospects.
Early replacements and shortened device lifespans are expected to drive the rise in device spending. Gartner predicts worldwide device spending will total $687.94 million this year, increasing by <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">3.6% year-over-year</a>.
A sustained rise in the usage of home and personal devices like smart TVs, speakers, gaming consoles, and smartphones for the purpose of entertainment, communication, and education has been observed. The growing popularity of new trends like the miniaturization of electronic components for easy mobility and easy-to-use high-performing devices is gaining recognition in the market.
Moreover, the inclusion of AI and IoT-enabled smart devices in modern households is rising due to the rapid upgrade of consumers' standard of living and growing income levels. As consumer spending on technology products and services increases, the demand for advanced electronics will grow, contributing to the expansion of the electronic technology market.
The advent of digitalization in new electronic components has supported the development of new technologies like 5G, the Internet of Things, edge computing, artificial intelligence, machine learning, and more. aiding the industry in meeting consumers' ever-changing demands and finding innovative solutions.
The global consumer electronics market is expected to grow at a <a href="https://www.fortunebusinessinsights.com/consumer-electronics-market-104693">7.6% CAGR</a>, reaching $1.47 trillion by 2032.
With these favorable trends in mind, let's delve into the fundamentals of the three <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> stock picks, starting with the third in line.
Stock #3: Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>)
UEIC designs, develops, manufactures, ships, and supports control and sensor technology solutions internationally. It offers voice-enabled, automatically programmed universal two-way radio frequency and infrared remote controls to video service providers, original equipment manufacturers (OEMs), retailers, and private label customers.
UEIC's trailing-12-month asset turnover ratio of 1.09x is 9.6% higher than the industry average of 1x. Similarly, its trailing-12-month levered FCF margin of 9.09% is 66.1% higher than the industry average of 5.47%.
UEIC's net sales for the fiscal fourth quarter that ended March 31, 2024, stood at $91.90 million. Its adjusted gross profit amounted to $27.23 million. Moreover, its cash and cash equivalents at end of period came in at $26.91 million. As of March 31, 2024, UEIC's total <a href="https://www.investopedia.com/terms/c/currentliabilities.asp">current liabilities</a> amounted to $138.67 million, compared to $161.15 million as of December 31, 2023.
For the quarter ending September 30, 2024, UEIC's revenue and EPS are expected to increase 1.5% and 170.8% year-over-year to $108.69 million and $0.22, respectively. It surpassed consensus EPS estimates in each of the trailing four quarters, which is impressive. The stock has gained 33.8% over the past six months to close the last trading session at $10.56.
UEIC's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this positive outlook. It has an overall rating of B, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
UEIC has a B grade for Value. It is ranked #5 out of 43 stocks in the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry. <a href="https://stocknews.com/stock/UEIC/">Click here</a> to see UEIC's ratings for Growth, Momentum, Stability, Sentiment, and Quality.
Stock #2: Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>)
DLB creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles.
On May 29, 2024, DLB announced a partnership with VIZIO to integrate Dolby Atmos across VIZIO's 2024 soundbar lineup, offering advanced immersive sound experiences starting at $99. This initiative aims to make high-quality audio more accessible to a wider range of consumers.
DLB's trailing-12-month CAPEX / Sales of 2.41% is 6.4% higher than the industry average of 2.27%. Likewise, its trailing-12-month EBIT margin and net income margin of 18.79% and 15% are 301% and 455.2% higher than the industry averages of 4.69% and 2.70%, respectively.
For the fiscal second quarter that ended March 29, 2024, DLB's total revenue and gross profit stood at $364.52 million and $325.75 million, respectively. For the same quarter, its non-GAAP net income attributable to DLB and earnings per share increased marginally from the year-ago quarter to $123.19 million and $1.27, respectively.
Street expects DLB's EPS for the quarter ending June 30, 2024, to increase 7.3% year-over-year to $0.59. Its revenue for the quarter ending September 30, 2024, is expected to rise 12.4% year-over-year to $326.60 million. The company surpassed consensus EPS estimates in each of the trailing four quarters. DLB has declined 1.4% over the past month, closing the last trading session at $78.23.
DLB's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to Buy in our proprietary rating system.
It has an A grade for Quality and a B for Sentiment. It is ranked #4 in the same industry. Get DLB's Growth, Value, Momentum, and Stability ratings<a href="https://stocknews.com/stock/DLB/"> here</a>.
Stock #1: Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>)
BRTHY, headquartered in Nagoya, Japan, manufactures and sells communications and printing equipment internationally. It operates through the Printing &amp; Solutions, Machinery, Domino, Nissei, Personal &amp; Home, and Network &amp; Contents segments.
BRTHY's trailing-12-month EBITDA margin of 11.83% is 21% higher than the industry average of 9.78%. Its trailing-12-month Return on Total Capital and Return on Total Assets of 4.67% and 3.53% are 77.4% and 135.5% higher than the industry averages of 2.63% and 1.50%, respectively.
BRTHY's revenue for the fiscal year that ended March 31, 2024, increased marginally year-over-year to ¥822.93 billion ($5.23 billion). The company's gross profit grew 11.2% from the year-ago value to ¥355.34 billion ($2.26 billion). In addition, its profit for the year attributable to owners of the parent company stood at ¥31.65 billion ($201.05 million) and ¥123.48 per share, respectively.
Analysts expect BRTHY's revenue for the quarter ending September 30, 2024, to increase 3.3% year-over-year to $1.37 billion. Over the past year, the stock has gained 26.7%, closing the last trading session at $37.19.
BRTHY's POWR Ratings reflect its robust prospects. It has an overall A rating, equating to a Strong Buy in our proprietary rating system.
BRTHY has an A grade for Stability and a B for Value, Momentum, and Quality. Within the Technology - Electronics industry, it is ranked first. <a href="https://stocknews.com/stock/BRTHY/">Click here</a> for the additional POWR Ratings of BRTHY (Growth and Sentiment).
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
DLB shares were trading at $77.82 per share on Thursday morning, down $0.41 (-0.52%). Year-to-date, DLB has declined -9.03%, versus a 10.57% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/dlb-brthy-ueic-3-electronic-tech-stocks-with-buy-signals-this-week/>3 Electronic Tech Stocks With Buy Signals This Week</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Electronic Tech Stocks With Buy Signals This Week

Dolby Laboratories (DLB) is a powerhouse of innovations and creativity that is powering the entertainment industry across the globe. The company is positioned for robust growth with its elaborate product offerings, recent acquisitions, strategic alliances, and solid financial performance. So, let's determine whether Dolby matches your portfolio rhythm. Read more to find out... Dolby Laboratories, Inc. (<a href="https://stocknews.com/stock/DLB/">DLB</a>) is a leader in immersive entertainment experiences. It creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles.
Dolby has continuously contributed to audio and video technologies and evolutions with its innovations. The company recently introduced its comprehensive range of cloud video products and solutions for real-time interactive streaming, delivering content with minimal delay to create cross-platform and interactive experiences.
Dolby's innovative partnerships help it to pioneer creative segments. Recently, teamed with Jin of 21st-century pop icons BTS in the latest chapter of the "Love More in Dolby" global brand campaign. Jin's new single "I'll Be There" is now available globally in Dolby Atmos. DLB also brought its revolutionary Dolby Atmos&#xAE; sound to live theater for the first time ever through William Shakespeare's King Lear.
Further, the company's recent strategic acquisition of THEO Technologies and GE Licensing, along with its strategic alliance with VIZIO, are enhancing its capabilities and operations and widening its customer reach. Further, the expanding operations will strengthen the company's market position and position it for continued growth.
Kevin Yeaman, President and CEO of Dolby Laboratories, commented, "We are pleased with the progress we made in fiscal 2024. As we enter fiscal 2025, we have strong momentum with Dolby Atmos and Dolby Vision, our imaging patent portfolio has gotten stronger with the GE Licensing acquisition, and we are excited about our opportunity with Dolby.io, which is well positioned to provide real-time interactive experiences for sports and entertainment."
Shares of DLB have surged 6.8% over the past month and 1.6% over the past six months to close the last trading session at $80.25.
Let's look at factors that could influence DLB's performance in the upcoming months.
Positive Recent Developments
On September 13, DLB released a new comprehensive range of cloud video products and solutions supporting real-time interactive streaming. The announcement came soon after DLB's acquisition of THEO Technologies, a leading provider of high-quality video streaming tools.
The company's new range of cloud video streaming products delivers content to create cross-platform, interactive experiences. It is built on DLB's vision to bring experiences to the industry and revolutionize the viewing experience for live events.
On June 6, DLB entered into a definitive agreement to acquire GE Licensing, which owns, maintains, and licenses an extensive portfolio of IP primarily targeting the consumer digital media and electronics sectors. The strategic acquisition bodes well with DLB's operations. It strengthens DLB's licensing businesses and will create opportunities for future growth.
Robust Financials
During the fourth quarter, which ended September 27, 2024, DLB's total revenue increased 4.9% year-over-year to $304.81 million, and its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> was $46.35 million. The company reported gross profit of $270.81 million, up 6.2% from the prior year's period.
Furthermore, non-GAAP net income attributable to DLB amounted to $78.44 million, up 22.7% year-over-year. The company's non-GAAP EPS rose 24.6% from the year-ago value to $0.81. Also, as of September 27, 2024, the company's total assets came in at $3.11 billion compared to $2.98 billion as of September 29, 2023.
Favorable Analyst Estimates
Analysts expect DLB's revenue for the first quarter (ending December 2024) to increase 9.7% year-over-year to $346.15 million. The consensus EPS estimate of $1.05 for the ongoing quarter reflects a 4.3% year-over-year improvement. Furthermore, DLB has an impressive earnings surprise history, having topped the consensus EPS estimates in each of the trailing four quarters.
For the fiscal year ending September 2025, the company's revenue and EPS are expected to grow 6.4% and 7.1% year-over-year to $1.36 billion and $4.06, respectively. Additionally, Street expects its revenue and EPS for the fiscal year 2026 to increase 4.5% and 7% year-over-year to $1.42 billion and $4.35, respectively.
High Profitability
DLB's trailing-12-month gross profit margin of 88.97% is 77.1% higher than the industry average of 50.24%. The stock's trailing-12-month EBIT margin of 21.28% is significantly higher than the industry average of 5.41%. Also, its trailing-12-month net income margin of 20.56% is 427.7% higher than the industry average of 3.90%.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 10.84%, 6.84%, and 8.42% are favorable compared to the industry averages of 4.18%, 3.21%, and 2.02%, respectively.
POWR Ratings Reflect Promise
DLB's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. DLB has an A grade for Sentiment, which is in sync with its optimistic analysts' expectations.
In addition, the stock also has an A grade for Quality, consistent with its higher-than-industry profitability.
DLB is ranked #3 in the 41-stock <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry.
Beyond what I have stated above, we have also given DLB grades for Value, Growth, Momentum, and Stability. Get access to all the DLB Ratings <a href="https://stocknews.com/stock/DLB/">here</a>.
Bottom Line
DLB is a market leader in the entertainment experiences segment, revolutionizing movies, TV shows, apps, music, sports, and gaming. The company's latest technological innovations, strategic acquisitions, and collaborations are strengthening its prospects and market position.
Given DLB's solid financials, accelerating profitability, and promising analysts' estimates, this stock could be an ideal buy now.
How Does Dolby Laboratories, Inc. (DLB) Stack Up Against Its Peers?
While DLB has an overall POWR Rating of A, investors could also check out these other stocks within the <a href="https://stocknews.com/category/technology-electronics/">Technology - Electronics</a> industry with A (Strong Buy) or B (Buy) ratings: Brother Industries, Ltd. (<a href="https://stocknews.com/stock/BRTHY/">BRTHY</a>), Fuji Electric Co., Ltd. (<a href="https://stocknews.com/stock/FELTY/">FELTY</a>), and Universal Electronics Inc. (<a href="https://stocknews.com/stock/UEIC/">UEIC</a>).
For exploring more A and B-rated technology - Electronics stocks, <a href="https://stocknews.com/category/technology-electronics/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
DLB shares were trading at $79.01 per share on Friday afternoon, down $1.24 (-1.55%). Year-to-date, DLB has declined -6.87%, versus a 28.35% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/dlb-brthy-felty-ueic-is-dolby-laboratories-innovation-in-audio-technology-a-buy-signal/>Is Dolby Laboratories' Innovation in Audio Technology a Buy Signal?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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