Top 5 Tech Stocks That Are Preparing To Pump In March

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Cerberus Cyber Sentinel Corporation CISO

• Cerberus Cyber Sentinel terminated its secondary share sale previously announced on February 13. The company’s stock has a 52-week low of $0.5001 .
• RSI Value: 22.47
• CISO Price Action: Shares of Cerberus Cyber Sentinel gained 1.8% to close at $0.5701 on Tuesday and added 5.2% in after-hours trading.

Quantum Corporation QMCO

• Quantum reported better-than-expected Q3 results. "We delivered a solid quarter with revenue increasing 16.6% year-over-year and exceeded the preliminary estimates we announced in early January. Our overall performance was further highlighted by strong EBITDA results," said Jamie Lerner, Chairman and CEO of Quantum. The company’s stock has a 52-week low of $1.00.
• RSI Value: 29.02
• QMCO Price Action: Shares of Quantum rose 0.9% to close at $1.13 on Tuesday and added 3.5% in after-hours trading.

Dropbox, Inc. DBX

• Dropbox reported better-than-expected quarterly results. "2022 was a solid year for Dropbox amidst a challenging macroeconomic environment," said Dropbox Co-Founder and Chief Executive Officer Drew Houston. The company’s stock has a 52-week low of $19.07.
• RSI Value: 28.04
• DBX Price Action: Shares of Dropbox fell 0.4% to close at $20.40 on Tuesday.

VeriSign, Inc. VRSN

• VeriSign reported better-than-expected Q4 results. "In 2022, we marked 25 years of uninterrupted availability for our global .com and .net resolution infrastructure. We also delivered solid financial performance for the quarter and the full year," said Jim Bidzos, Executive Chairman and Chief Executive Officer. The company’s 52-week low is $155.25.
• RSI Value: 28.71
• VRSN Price Action: Shares of VeriSign fell 0.7% to close at $196.83 on Tuesday.

TTM Technologies, Inc.. TTMI

• TTM Technologies reported worse-than-expected Q4 sales results. “TTM delivered non-GAAP earnings above the midpoint of guidance. Of particular note, we saw strong cash flow in the fourth quarter of $77.6 million, which allowed us to repay a portion of our Term Loan B on January 3rd, 2023, and reduce our net leverage to 1.5x, below our 2x target,” said Tom Edman, CEO of TTM. The company has a 52-week low of $11.53.
• RSI Value: 29.54
• TTMI Price Action: Shares of TTM Technologies dropped 1% to close at $13.29 on Tuesday.

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