Latest News for Seiko Epson Stock (OTC:SEKEY)

Seiko Epson

Seiko Epson Corp is a Japan-based electronics manufacturer of printers and imaging equipment. The firm's product portfolio includes inkjet, dot matrix, and laser printers, scanners, desktop computers, business, multimedia and home theatre projectors, large home theatre televisions, robots and industrial automation equipment, point of sale docket printers and cash registers, laptops, integrated circuits, and associated electronic components. The firm has operations in the Americas, Middle East and Africa, Australia, and Asia-Pacific regions.

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Benzinga&#39;s M&amp;A Chatter for Wednesday September 10, 2014

SEIKO EPSON CORP UNSP/ADR by Seiko Epson Corp.

Seiko Epson Corp

While the tech hardware market is anticipated to witness substantial growth driven by smart city investments and emerging technologies, Dell Technology's (DELL) recent financial performance raises concerns. So, I believe fundamentally strong tech stocks Seiko Epson (SEKEY), Daktronics (DAKT), and Panasonic (PCRFY) are well-positioned to deliver better returns than DELL. Keep reading... The tech industry's rapid growth drives increased demand for IT hardware across various sectors. Therefore, in this article, I have evaluated the fundamentals of three quality tech stocks, Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>), Daktronics, Inc. (<a href="https://stocknews.com/stock/DAKT/">DAKT</a>), and Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>), which could be better buys than Dell Technologies Inc. (<a href="https://stocknews.com/stock/DELL/">DELL</a>). Our proprietary rating system rates SEKEY, DAK, and PCRFY an A (Strong Buy).
The computer hardware market is set to gain substantially from increased investments in smart city projects worldwide. As governments prioritize smart city development, a significant surge in demand for computer hardware solutions is expected. The computer hardware market is expected to grow at a <a href="https://www.thebusinessresearchcompany.com/report/computer-hardware-global-market-report">CAGR of 6.6%</a> to reach $909.80 billion in 2027.
Moreover, the swift expansion of emerging technologies such as the Internet of Things (IoT) and blockchain creates fresh prospects for IT service providers. In addition, urbanization has fueled the demand for advanced and aesthetically appealing tech wearables that offer multiple features and convenience.
The Smart Wearable market is expected to grow from $70.50 billion in 2023 to $171.66 billion by 2028 at a <a href="https://www.mordorintelligence.com/industry-reports/smart-wearables-market">CAGR of 19.5%</a>.
However, leading tech company DELL faces challenges, with a 13% year-over-year decline in total revenue to $22.93 billion in the fiscal second quarter ending August 4, 2023. Its operating income decreased 8% from the previous-year quarter to $1.17 billion. The company reported a non-GAAP net income of $1.28 billion and $1.74 per share.
Moreover, its trailing-12-month gross profit and levered FCF margins of 23.36% and 0.42% are lower than industry averages of 48.66% and 7.20%.
Also, the stock has a 24-month beta of 1.11, indicating volatility. Its net income and EPS have declined at a CAGR of 3.2% and 2.1% over the past three years.
Furthermore, Barclays Plc (<a href="https://stocknews.com/stock/BCS/">BCS</a>) <a href="https://finance.yahoo.com/news/dell-downgraded-sell-mcdonalds-upgraded-140941801.html">downgraded DELL to Underweight</a> from Equal Weight with an unchanged price target of $53. The firm cites valuation for the downgrade following the stock's recent run-up.
So, let us examine the fundamentals of the top three stocks in the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry, starting with the third in line.
Stock #3: Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>) 
Headquartered in Suwa, Japan, SEKEY develops, manufactures, sells, and provides products for printing solutions, visual communications, manufacturing-related and wearables, and other businesses. It operates through three segments: Printing Solutions; Visual Communications; and Manufacturing-related and Wearables.
SEKEY's trailing-12-month EBIT and net income margins of 6.20% and 5.09% are higher than the industry averages of 4.51% and 2.03%.
SEKEY's net income and EPS have grown at a CAGR of 111.6% and 113.6% over the past three years.
On September 11, 2023, SEKEY and Loftware announced that they had partnered to integrate Epson ColorWorks printers with Loftware's NiceLabel Cloud platform. This integration allows businesses to print directly from NiceLabel Cloud to Epson ColorWorks cloud-connected printers, eliminating the need for a locally connected PC.
The collaboration reflects a commitment to innovative labeling solutions to enhance business efficiency and agility in the era of ERP cloud-based solutions.
On September 7, SEKEY introduced Label Boost&#x2122; software, designed to enable businesses to enhance their shipping labels by adding full-color coupons, targeted ads, secondary labels, and dynamic content.
Compatible with most Epson ColorWorks&#xAE; printers, this software offers innovative ways for companies to engage customers, elevate their brand, reduce costs, and streamline operations through marketing on shipping labels.
With a four-year average dividend yield of 3.73%, the company pays an annual dividend of $0.25, which translates to a dividend yield of 3.57%.
In the fiscal first quarter (ended June 30, 2023), SEKEY's revenue increased 5.7% year-over-year to ¥314.84 billion ($2.1 billion). Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> rose marginally from the year-ago quarter to ¥107.74 billion ($731.51 million). Also, its profit for the period and EPS amounted to ¥20.19 billion ($137.08 million) and ¥60.89, respectively.
Analysts expect SEKEY's revenue to increase 29.3% year-over-year to $9.20 billion for the fiscal year ending March 2024. Moreover, it surpassed the revenue estimates in three of the trailing four quarters, which is impressive.
Over the past six months, the stock has gained 19.1% to close the last trading session at $7.97. It soared 8.6% year-to-date. Its 24-month beta is 0.41.
SEKEY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> 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, with each factor weighted to an optimal degree.
It has an A grade for Value and a B for Stability and Quality. Within the 42-stock <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry, it is ranked #4.
<a href="https://stocknews.com/stock/SEKEY/">Click here</a> to see SEKEY's ratings for Growth, Momentum, and Sentiment.
Stock #2: Daktronics, Inc. (<a href="https://stocknews.com/stock/DAKT/">DAKT</a>)
DAKT designs, manufactures, markets, and sells electronic display systems and related products for sporting, commercial, and transportation appliances globally. The company operates through Commercial; Live Events; High School Park and Recreation; Transportation; and International segments.
DAKT's trailing-12-month EBIT and net income margins of 8.80% and 3.84% are higher than the industry averages of 4.51% and 2.03%.
DAKT's net income and EPS have increased at CAGRs of 223.2% and 236.1% over the past three years.
The company pays an annual dividend of $3.53, which translates to a dividend yield of 8.35%. Its four-year average dividend yield is 9.84%. The company has raised its dividend at a CAGR of 130.2% over the past three years.
DAKT's net sales rose 35.3% year-over-year to $232.53 million in the fiscal first quarter that ended July 29, 2023. Its gross profit increased 175.8% year-over-year to $71.15 million. The company reported a net income of $19.20 million and $0.42 per share, compared to a net loss of $5.33 million and $0.12 in the year-ago quarter.
DAKT's shares have gained 295.7% over the past nine months and 14.7% over the past month to close the last trading session at $9.03.
It's no surprise that DAKT has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
It has an A grade for Value and a B for Growth, Quality, and Sentiment. Within the same industry, it is ranked #2.
Beyond what we stated above, we also have DAKT's ratings for Momentum, Stability, and Quality. Get all DAKT ratings <a href="https://stocknews.com/stock/DAKT/">here</a>.
Stock #1: Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>) 
Headquartered in Kadoma, Japan, PCRFY manufactures and sells various electronic products through five segments: Lifestyle; Automotive; Connect; Industry; and Energy. Its main product offerings include automotive-use batteries, refrigerators, and industrial motors and sensors.
PCRFY's trailing-12-month net income margin of 4.95% is higher than the industry average of 4.40%. Its trailing-12-month CAPEX/Sales of 4.10% is 27.5% higher than the 3.22% industry average.
PCRFY's net income and EPS have increased at CAGRs of 36% and 35.9% over the past three years.
On July 5, PCRFY announced the upcoming release of the Ver.2.3 firmware update program for the LUMIX GH6 to offer a more flexible workflow. The firmware program is available on the LUMIX Global Customer Support website.
The company pays an annual dividend of $0.22, which translates to a dividend yield of 1.90%. Its four-year average dividend yield is 2.68%.
During the fiscal first quarter that ended June 30, 2023, PCRFY's net sales increased 2.8% year-over-year to ¥2.03 trillion ($13.78 billion). Its operating profit rose 41.9% from the year-ago quarter to ¥90.37 billion ($613.58 million). In addition, the company's EPS stood at ¥86.06, up 310.4% year-over-year.
Street expects PCRFY's EPS and revenue for the second quarter (ending September 30, 2023) to increase 29.7% and marginally year-over-year to $0.22 and $14.19 billion, respectively. The company has a remarkable surprise history, surpassing the consensus revenue and EPS estimates in three of the trailing four quarters.
The stock has gained 39.6% year-to-date and 49.1% over the past year to close the last trading session at $11.66. Its 24-month beta is 0.59.
PCRFY's POWR Ratings reflect this robust outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has an A grade for Value and a B for Stability, Sentiment, and Quality. The stock is ranked first in the same industry.
To see the other ratings of PCRFY for Growth and Momentum, <a href="https://stocknews.com/stock/PCRFY/">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>

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DELL shares were trading at $69.52 per share on Friday morning, down $1.64 (-2.30%). Year-to-date, DELL has gained 76.98%, versus a 17.17% 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/dell-pcrfy-sekey-dakt-bcs-these-3-tech-stocks-are-a-better-buy-than-dell/>These 3 Tech Stocks are a Better Buy Than Dell Technologies (DELL)</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

These 3 Tech Stocks are a Better Buy Than Dell Technologies (DELL)

Seiko Epson Corporation 2023 Q2 - Results - Earnings Call Presentation

Growing digitization and adoption of cutting-edge technologies drive the demand for hardware solutions. Therefore, it could be wise to buy fundamentally strong tech hardware stocks Seiko Epson (SEKEY), Dell Technologies (DELL), and Panasonic Holdings (PCRFY). Keep reading… Despite the macroeconomic and geopolitical concerns, the technology hardware industry is experiencing solid growth with continued digitization and adoption of emerging technologies.
Given this backdrop, it could be wise to buy fundamentally strong hardware stocks Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>), Dell Technologies Inc. (<a href="https://stocknews.com/stock/DELL/">DELL</a>), and Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>).
Before diving deeper into the fundamentals of these stocks, let's discuss why the tech hardware industry is well-positioned to grow.
The industry is evolving as enterprises increasingly use technology for customer engagement, innovation, and efficiency. Advanced hardware complements software by providing essential physical infrastructure. Investing in advanced hardware enhances productivity and efficiency for seamless operations.
Gartner expects global IT spending to reach $4.69 trillion in 2023, increasing 3.5% year-over-year. While spending on devices is anticipated to decrease by 10% this year, it is projected to grow <a href="https://www.gartner.com/en/newsroom/press-releases/2023-10-18-gartner-forecasts-worldwide-it-spending-to-grow-8-percent-in-2024">4.8% year-over-year to $722.47 billion in 2024</a>.
Furthermore, the fast-paced electronics innovation, driven by the Internet of Things (IoT), AR &amp; VR, and 5G, is spurring demand for advanced hardware solutions. The electrical and electronics market is projected to grow at a <a href="https://www.globenewswire.com/news-release/2023/04/21/2651998/0/en/Electrical-And-Electronics-Global-Market-Report-2023.html">CAGR of 7.5%</a> to reach $4.99 trillion by 2027.
The PC Accessories Market is projected to grow at a <a href="https://www.mordorintelligence.com/industry-reports/pc-accessories-market">CAGR of 12.1%</a> to reach $43.61 billion by 2028.
Considering these conducive trends, let's analyze the fundamentals of the three <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> picks, beginning with the third choice.
Stock #3: Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>)
Headquartered in Suwa, Japan, SEKEY and its subsidiaries develop, manufacture, sell, and provide services for products in printing solutions, visual communications, manufacturing-related and wearables, and other businesses. It operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables segments.
On October 12, 2023, SEKEY's group company, Epson Atmix Corporation, announced the investment of ¥5.50 billion ($36.58 million) in plant and equipment to construct a new factory, a sustainable metal refinery in Hachinohe, Japan, aimed at recycling waste metal to produce raw materials for metal powder.
It is expected to begin operations in June 2025, contributing to Epson's sustainability and resource conservation goal.
In terms of the trailing-12-month net income margin, SEKEY's 5.09% is 150.2% higher than the 2.03% industry average. Likewise, its 9.24% trailing-12-month Return on Common Equity is 810% higher than the industry average of 1.01%. Additionally, its 4.98% trailing-12-month Return on Total Assets is significantly higher than the industry average of 0.02%
SEKEY's revenues for the six months ended September 30, 2023, increased 0.9% year-over-year to ¥638.53 billion ($4.25 billion). Its profit from operating activities stood at ¥27.93 billion ($185.74 million). In addition, the company's profit for the period attributable to owners of the parent company and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> came in at ¥27.48 billion ($182.74 million) and ¥82.87, respectively.
Street expects SEKEY's revenue for the fiscal year ending March 31, 2024, to increase 27.5% year-over-year to $9.08 billion. The stock has gained 2.1% year-to-date to close the last trading session at $7.15.
SEKEY'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 Value, Stability, and Quality. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/%22">Technology - Hardware</a> industry, it is ranked #8 out of 40 stocks. To see SEKEY's Growth, Momentum, and Sentiment ratings, <a href="https://stocknews.com/stock/SEKEY/">click here</a>.
Stock #2: Dell Technologies Inc. (<a href="https://stocknews.com/stock/DELL/">DELL</a>)
DELL designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).
On July 19, 2023, DELL announced its definitive agreement to acquire Moogsoft, an AI-driven provider of intelligent monitoring solutions for DevOps and ITOps. This enhances DELL's AIOps capabilities and aligns with its "multicloud by design" strategy.
In terms of the trailing-12-month Capex/Sales, DELL's 3.02% is 24.8% higher than the 2.42% industry average. Likewise, its 5.54% trailing-12-month EBIT margin is 12.8% higher than the 4.91% industry average. Additionally, its 12.86% trailing-12-month Return on Total Capital is 420.5% higher than the 2.47% industry average.
DELL's total net revenue for the second quarter ended August 4, 2023, came in at $22.93 billion. Its non-GAAP operating income rose 1.3% year-over-year to $1.98 billion. The company's non-GAAP net income increased 1.3% year-over-year to $1.28 billion. In addition, its non-GAAP EPS came in at $1.74, representing an increase of 3.6% year-over-year.
Analysts expect DELL's EPS for the quarter ending January 31, 2024, to increase 0.3% year-over-year to $1.80. Its revenue for the quarter ending April 30, 2024, is expected to increase 6.8% year-over-year to $22.35 billion. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 70.7% to close the last trading session at $64.51.
It's no surprise that DELL has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Sentiment and a B for Growth and Value. Within the same industry, it is ranked #5. In total, we rate DELL on eight different levels. Beyond what we stated above, we also have given DELL grades for Momentum, Stability, and Quality. Get all the DELL ratings <a href="https://stocknews.com/stock/DELL/">here</a>.
Stock #1: Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>)
Headquartered in Kadoma, Japan, PCRFY researches, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through five segments: Lifestyle, Automotive, Connect, Industry, and Energy.
In terms of the trailing-12-month Return on Total Assets, PCRFY's 4.78% is 22.8% higher than the 3.89% industry average. Its 3.70% trailing-12-month EBIT margin is 49.2% higher than the industry average of 7.28%. Likewise, its 4.95% trailing-12-month net income margin is 14.2% higher than the industry average of 4.33%.
PCRFY's sales for the first quarter ended June 30, 2023, rose 2.8% year-over-year to ¥2.03 trillion ($13.50 billion). The company's operating profit rose 41.9% year-over-year to ¥90.37 billion ($600.97 million). Its net profit attributable to PCRFY rose 310.5% year-over-year to ¥200.93 billion ($1.34 billion). Also, its EPS came in at ¥86.06, representing an increase of 310.4% year-over-year.
For the quarter ended September 30, 2023, PCRFY's EPS is expected to increase 29.7% year-over-year to $0.22. Its revenue for the fiscal year ending March 31, 2024, is expected to increase significantly year-over-year to $56.81 billion. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 32.4% to close the last trading session at $9.64.
PCRFY'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 and a B for Stability. It is ranked #2 in the Technology – Hardware industry. To see PCRFY's Growth, Momentum, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/PCRFY/">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>

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DELL shares were trading at $66.02 per share on Friday afternoon, up $1.51 (+2.34%). Year-to-date, DELL has gained 69.02%, versus a 9.14% 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/dell-pcrfy-sekey-3-rising-tech-hardware-stocks-to-buy-today/>3 Rising Tech Hardware Stocks to Buy Today</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Rising Tech Hardware Stocks to Buy Today

As the tech market expands amid ongoing advancements, fundamentally strong tech stocks Quantum (QMCO), Seiko Epson (SEKEY), and TransAct Technologies (TACT) might be profitable buys. Read more... The tech-hardware industry fuels our digital world by crafting essential physical components. Amid growing demand, investors could consider buying potential tech stocks Quantum Corporation (<a href="https://stocknews.com/stock/QMCO/">QMCO</a>), Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>), and TransAct Technologies Incorporated (<a href="https://stocknews.com/stock/TACT/">TACT</a>) for November profits.
The tech hardware industry is constantly evolving, with new trends supplanting old ones. Global tech firms heavily invest in research and development to stay ahead and create innovative products, making the industry among the world's largest and most profitable.
The IT hardware market, including computer hardware production and sales, is driven by the growing IT industry's need for advanced hardware solutions supporting digital transformation, cloud computing, and emerging technologies. The market is expected to reach a revenue of $121.32 billion this year.
The IT Hardware Market is projected to increase at <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market">a CAGR of 7.9% </a> to reach $177.11 billion by 2028.
In addition, the global revenue in the IT services market is projected to see <a href="https://www.statista.com/forecasts/963810/it-services-revenue-in-the-world#:~:text=The%20global%20revenue%20in%20the,a%20new%20peak%20in%202028.">substantial growth</a> from 2023 to 2028, with a total increase of $529.50 billion, representing a 42.7% rise. This continuous growth trend is expected to result in an estimated figure of $1.8 trillion in revenue by 2028, marking a new peak after eight consecutive years of expansion.
Furthermore, growing digitization investments in various sectors increase demand for hardware, including servers and data centers. Additionally, the adoption of emerging technologies like AI, machine learning, and IoT boosts hardware demand due to their complex processing and data storage needs.
Considering these conducive trends, let's look at the fundamentals of the three best  <a href="https://stocknews.com/category/technology-hardware/">Technology-Hardware</a> stocks, starting with number 3.
Stock #3: Quantum Corporation (<a href="https://stocknews.com/stock/QMCO/">QMCO</a>)
QMCO is a global provider of storage and data management solutions for various industries. The company offers products for high-performance data applications, video surveillance, data archiving, and more. Its services include support, software subscriptions, and the company partners with companies like Tiger Surveillance for comprehensive solutions.
QMCO's trailing-12-month CAPEX / Sales of 2.91% is 20.1% higher than the industry average of 2.42%. Its 1.89x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 205.1% higher than the 0.62x industry average.
On October 11, 2023, QMCO introduced DXi Edge-Core-Cloud Bundles, a comprehensive data protection and ransomware recovery solution. These bundles leverage the efficiency of Quantum's DXi-Series Backup Appliances and are available in four capacity sizes ranging from 400 TB to 228 petabytes, providing a cost-effective way to safeguard data across various enterprise locations, offering up to 70 times the efficiency of other backup solutions.
On September 13, the company launched pre-configured bundles for their ActiveScale Cold Storage, a cost-effective solution for archiving data, reducing cold storage expenses by up to 60%. These bundles simplify data retention and are available in sizes from 10 to 100 petabytes.
ActiveScale is suitable for various sectors, offering scalable and durable storage for unstructured data, data analytics, AI workloads, and long-term data retention. This initiative streamlines the purchase and deployment process for organizations seeking efficient data management.
In the fiscal first quarter ended June 30, 2023, QMCO generated total revenue of $91.79 million. The company's non-GAAP gross profit grew 2.1% year-over-year to $ 35.18 million. Also, its total non-GAAP operating costs declined 2.3% year-over-year at $35.45 million. Moreover, its adjusted EBITDA grew 122.8% year-over-year to $0.77 million.
The company expects revenues of about $80 million (with a potential range of plus or minus $3 million), a non-GAAP gross margin of approximately 42%, and an adjusted EBITDA of approximately $2 million for the second fiscal quarter of 2024.
Analysts expect QMCO's revenue to grow 4.6% year-over-year to $370.05 million for the fiscal year ending March 2025. The company has surpassed the revenue estimates in each of the trailing three quarters, which is impressive.
Shares of QMCO increased marginally intraday to close the last trading session at $0.46.
QMCO's <a href="https://stocknews.com/powr-ratings/">POWR</a><a href="https://stocknews.com/powr-ratings/"> Ratings</a> reflect this robust outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
QMCO has a B grade for Value. Within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology-Hardware</a> industry, it is ranked #12 out of 41 stocks.
Click <a href="https://stocknews.com/stock/QMCO/">here</a> for QMCO's additional Growth, Momentum, Stability, Sentiment, and Quality ratings.
Stock #2: Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>)
Based in Suwa, Japan, SEKEY specializes in the development, manufacturing, and sale of information equipment. The company has three main business segments: Printing Solutions; Visual Communications; and Wearable &amp; Industrial Products. It produces printers, projectors, wearables, and industrial equipment.
SEKEY's trailing-12-month net income margin of 3.90% is 84.8% higher than the industry average of 2.11%. Its 3.77% trailing-12-month CAEXSales is 55.8% higher than the 2.42% industry average.
On October 24, SEKEY launched the GX-B Series of high-power-density SCARA robots, including the GX10B, at The Assembly Show. The RC700E controller with integrated SafeSense technology powers these robots, providing high performance, flexibility, and safety features.
The controller allows for human-robot interaction without a safety barrier and increases productivity. Key features include ease of use, a low total cost of ownership, and Industry 4.0 readiness with OPC UA connectivity.
On October 12, SEKEY introduced the SureColor P5370, a 17-inch professional photographic printer aimed at professional and production photographers. It has an improved printhead, a wider color gamut with a 10-color ink set, and advanced printing capabilities.
The printer provides a range of roll feeding, auto cutting, and various media sizes, as well as simple operation via a touchscreen. It also has multiple connectivity options, including Wi-Fi, and advanced software for increased productivity.
For the six months ended September 30, 2023, SEKEY generated revenue of ¥638.53 billion ($4.27 billion), up marginally year-over-year. The company earned gross profit and EPS of ¥213.57 billion ($1.43 billion) and ¥82.87, respectively. Additionally, its net cash from operating activities increased 192.9% year-over-year to ¥61.51 billion ($411.69 million).
Street expects SEKEY's revenue to grow 2.4% year-over-year to $2.29 billion for the first quarter ending June 2024.
The stock has soared 1.8% over the past year to close the last trading session at $7.08. Moreover, the stock rose marginally intraday.
SEKEY's POWR Ratings reflect this positive outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
SEKEY has an A grade for Value and a B for Stability and Quality. Within the same industry, it is ranked #9.
Click <a href="https://stocknews.com/stock/SEKEY/">here</a> for SEKEY's additional Growth, Momentum and Sentiment ratings.
Stock #1: TransAct Technologies Incorporated (<a href="https://stocknews.com/stock/TACT/">TACT</a>)
TACT is a global leader in software-driven technology and printing solutions for high-growth markets. It creates, develops, and sells transactional and specialty printers and terminals for a variety of industries, including food service, point-of-sale, casino, and gaming. The company provides thermal printers, consumables, and software solutions to a wide range of customers worldwide, from OEMs to end-users.
TACT's trailing-12-month gross profit margin of 50.68% is 2.6% higher than the industry average of 49.41%. Its 7.59% trailing-12-month EBIT margin is 54.5% higher than the 4.91% industry average.
During the second quarter ended June 30, 2023, TACT's net sales and gross profit amounted to $19.91 million and $10.86 million, up 57.7% and 99.8% year-over-year, respectively. Its adjusted operating income and net income amounted to $2.69 million and $2.16 million, up 190.9% and 190.7% from the previous-year quarter. Moreover, the company's adjusted EBITDA increased 225.2% to $3.18 million.
For the fiscal year 2023, the company expects total net sales to range between $71.50 million and $73.50 million. Additionally, TACT expects the total adjusted EBITDA to be in the range of $8 million to $8.50 million.
TACT's revenue is expected to increase 24.5% year-over-year to $72.40 million for the fiscal year ending December 2023. Its EPS is expected to amount to $0.32 in the same year. The company has surpassed the revenue estimates in each of the trailing four quarters.
The stock has soared 48.3% over the past year to close the last trading session at $5.93.
TACT'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.
TACT has an A grade for Value and Sentiment and a B for Quality. Within the same industry, it is ranked #2.
To see TACT's additional POWR Ratings for Growth, Momentum and Stability click <a href="https://stocknews.com/stock/TACT/">here</a>.
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SEKEY shares were trading at $7.04 per share on Tuesday morning, down $0.04 (-0.56%). Year-to-date, SEKEY has declined -4.09%, versus a 15.51% 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/sekey-tact-qmco-buy-these-3-tech-stocks-for-potential-november-profits/>Buy These 3 Tech Stocks for Potential November Profits</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Buy These 3 Tech Stocks for Potential November Profits

Seiko Epson Corporation GAAP EPS of ¥128.06, revenue of ¥992.1B

The tech industry looks poised for growth thanks to the growing digitization of business operations and the widespread adoption of cutting-edge technologies across sectors. Against this backdrop, investors could consider buying fundamentally strong tech stocks such as TDK (TTDKY), Seiko Epson (SEKEY), and Gilat Satellite Networks (GILT). Read more... The tech industry is booming globally due to the widespread adoption of automation, significant investments in digitization initiatives, and the integration of advanced technologies such as generative AI.
Considering these factors, investors could consider buying fundamentally strong tech stocks TDK Corporation (<a href="https://stocknews.com/stock/TTDKY/">TTDKY</a>), Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>), and Gilat Satellite Networks Ltd. (<a href="https://stocknews.com/stock/GILT/">GILT</a>).
Before delving deeper into their fundamentals, let's discuss why the tech industry is growing.
Globally, enterprises are boosting their digital capabilities through investments in digital transformation, driving positive momentum for tech firms. This trend highlights technology's pivotal role in revolutionizing operations, enhancing resilience, and improving productivity.
Businesses are investing in digitization to gain agility, scalability, and a competitive edge. They are also focusing on improving customer satisfaction and operational efficiency.
The surge in digitization initiatives drives demand for advanced hardware solutions to meet complex processing demands and increased 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>.
Similarly, the demand for advanced communication and networking equipment is increasing due to the rise of emerging technologies such as 5G, Network Function Virtualization (NFV), IoT integration, growing data traffic, expanding data centers, and cloud services adoption.
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. Furthermore, investors' interest in tech stocks is evident from the Technology Select Sector SPDR Fund's (<a href="https://stocknews.com/stock/XLK/">XLK</a>) 46.1% returns over the past year.
Considering these conducive trends, let's analyze the fundamentals of the abovementioned technology stocks.
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.
In terms of the trailing-12-month Return on Common Equity, TTDKY's 6.31% is 107.1% higher than the 3.05% industry average. Likewise, its 3.73% trailing-12-month Return on Total Capital is 57.7% higher than the industry average of 2.37%. Its 0.64x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 6.1% higher than the industry average of 0.61x.
For the third quarter that ended December 31, 2023, TTDKY's net sales came in at ¥559.25 billion ($3.69 billion). Its operating profit increased 2.7% year-over-year to ¥70.20 billion ($463.58 million). Likewise, its net profit attributable to owners of parent and EPS came in at ¥65.30 billion ($431.23 million) and ¥171.88, up 30.8% each over the prior-year quarter, respectively.
Street expects TTDKY's revenue for the quarter ending September 30, 2024, to increase 5.4% year-over-year to $3.88 billion. Its EPS for fiscal 2024 is expected to increase 2.3% year-over-year to $2.26. Over the past year, the stock has gained 48% to close the last trading session at $50.74.
TTDKY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect robust prospects. 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 is ranked #4 out of 37 stocks in the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry. It has a B grade for Growth, Value, and Stability. <a href="https://stocknews.com/stock/TTDKY/">Click here</a> to see TTDKY's Momentum, Sentiment, and Quality ratings.
Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>)
Headquartered in Suwa, Japan, SEKEY and its subsidiaries develop, manufacture, sell, and provide services for products in printing solutions, visual communications, manufacturing-related and wearables, and other businesses. The company operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables.
On January 19, 2024, SEKEY and DBJ invested in 3DEO Inc., a startup based in California. 3DEO specializes in metal additive manufacturing technology for designing and manufacturing complex metal parts. This investment aims to support 3DEO's business expansion in North America and Japan, promoting innovation and competitiveness in the manufacturing industry.
In terms of the trailing-12-month net income margin, SEKEY's 4.22% is 60.7% higher than the 2.63% industry average. Likewise, its 7.61% trailing-12-month Return on Common Equity is 149.8% higher than the industry average of 3.05%. Additionally, its 3.90% trailing-12-month Capex / Sales is 71.7% higher than the industry average of 2.27%.
For the fiscal nine months that ended December 31, 2023, SEKEY's revenue came in at ¥992.10 billion ($6.55 billion) and its profit from operating activities stood at $¥51.70 billion ($341.41 million). Moreover, its profit for the period attributable to owners of the parent company and EPS came in at $¥42.47 billion ($28.05 million) and $¥128.06, respectively.
For the quarter ending September 30, 2024, SEKEY's revenue is expected to increase 1.9% year-over-year to $2.21 billion. Over the past year, SEKEY's stock has gained 23.7% to close the last trading session at $8.60.
SEKEY's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has an A grade for Value and Momentum and a B for Stability and Quality. Within the same industry, it is ranked #5. To access the additional ratings of SEKEY for Growth and Sentiment, <a href="https://stocknews.com/stock/SEKEY/">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 March 5, 2024, GILT announced its selection by Safran Passenger Innovations for a strategic, multimillion-dollar in-flight connectivity (IFC) program, expanding its product portfolio with Ku band Power Supply Unit (KPSU) products to support Safran's Ku-band electronically steerable antenna (ESA) and driving growth in the IFC market.
Bob Huffman, Senior VP at GILT, said, "We are delighted to have been awarded this competitive contract. We look forward to building the next generation of IFC equipment with these new products and continuing our industry-leading position as the premier supplier of PSUs and SSPAs for the IFC marketplace."
On March 19, 2024, GILT unveiled its Cloud and 5G NTN evolution strategy for SkyEdge IV. This strategy ensures continuous advancement and seamless integration with evolving technology standards, aimed at supporting Satellite Operators and service providers in the digital transformation of the satellite communications industry.
In terms of the trailing-12-month EBIT margin, GILT's 10.55% is 115.9% higher than the 4.89% industry average. Its 15.59% trailing-12-month EBITDA margin is 72.5% higher than the 9.04% industry average. Likewise, its 6.53% trailing-12-month Return on Total Capital is 175.9% higher than the industry average of 2.37%.
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.
Analysts expect GILT's revenue for the quarter ending March 31, 2024, to increase 30.8% year-over-year to $77.10 million. Its EPS for the fiscal 2025 is expected to increase 18.2% year-over-year to $0.39. Over the past year, the stock has gained 7% to close the last trading session at $5.68.
GILT'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 Sentiment and a B for Value and Quality. Within the <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry, it is ranked first out of 46 stocks. To see GILT's Growth, Momentum, and Stability ratings, <a href="https://stocknews.com/stock/GILT/">click here</a>.
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TTDKY shares were trading at $50.74 per share on Thursday morning, up $0.72 (+1.44%). Year-to-date, TTDKY has gained 7.23%, versus a 10.39% 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/ttdky-sekey-gilt-3-tech-stocks-poised-for-market-domination/>3 Tech Stocks Poised for Market Domination</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Poised for Market Domination

Fueled by the ever-growing demand for tech-driven products and services, global connectivity, and continued innovation, the technology industry is well-positioned for significant growth and evolution. Therefore, top tech stocks TDK Corporation (TTDKY), Seiko Epson (SEKEY), and LiveRamp Holdings (RAMP) could be ideal buys this month. Read more… The tech industry's growth is driven by the rising demand for personal computers and other gadgets, the proliferation of internet connectivity, and the increasing need to stay up-to-date with technology. The introduction of cutting-edge technologies like cloud computing, AI, IoT, and data analytics further stimulates the industry's expansion.
Given the industry's bright prospects, investors could consider investing in fundamentally sound tech stocks TDK Corporation (<a href="https://stocknews.com/stock/TTDKY/">TTDKY</a>), Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>), and LiveRamp Holdings, Inc. (<a href="https://stocknews.com/stock/RAMP/">RAMP</a>) with solid growth attributes.
According to the International Data Corporation (IDC) report, the <a href="https://www.reuters.com/technology/global-pc-market-returns-growth-first-quarter-after-two-year-decline-idc-says-2024-04-08/">global shipments of personal computers market marked 1.5% growth</a> year-over-year in the first quarter of 2024, with 59.8 million shipments returning to pre-pandemic levels with the onset of a refresh cycle for PCs and indicating significant scope in the segment.
Moreover, thanks to mobility and versatility, personal computers, laptops and tablets are continuously gaining popularity. This has propelled the IT hardware market growth significantly. The IT hardware market is poised to grow to $191.03 billion by 2029, expanding at a <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market">CAGR of 7.9%</a>.
The <a href="https://www.gartner.com/en/newsroom/press-releases/01-17-2024-gartner-forecasts-worldwide-it-spending-to-grow-six-point-eight-percent-in-2024#:~:text=Worldwide%20IT%20spending%20is%20expected,quarter's%20forecast%20of%208%25%20growth.">worldwide IT spending</a> is on the rise, with an expected $5 trillion in 2024, reflecting an increase of 6.8% from the previous year, according to Gartner. This year, it is anticipated that companies and organizations will emphasize and invest in planning to use GenAI.
Besides, the <a href="https://www.statista.com/outlook/tmo/it-services/united-states">IT services market</a> revenue is projected to reach $495.30 billion in 2024. The revenue is further anticipated to expand at a CAGR of 6.15% during the forecast period (2024-2028), resulting in a market volume of $628.80 billion by 2028. Key trends prompting market growth are 5G, blockchain, AR, AI, data-driven analysis, and IT cloud services.
Moreover, investors' interest in tech stocks is evident from the iShares Global Tech ETF's (<a href="https://stocknews.com/stock/IXN/">IXN</a>) 39.1% returns over the past year.
Given the industry's bright prospects, investors could buy fundamentally strong tech stocks TTDKY, SEKEY, and RAMP for substantial returns.
Let's discuss the fundamentals of these stocks in detail:
TDK Corporation (<a href="https://stocknews.com/stock/TTDKY/">TTDKY</a>)
Headquartered in Tokyo, Japan, TTDKY engages in the manufacturing and selling of electronic components internationally. The company operates in Passive Components; Sensor Application Products; Magnetic Application Products; Energy Application Products; and Other segments.
On January 9, 2024, TTDKY and The Goodyear Tire &amp; Rubber Company (<a href="https://stocknews.com/stock/GT/">GT</a>) collaborated to advance next-generation tire solutions to accelerate the development and adoption of integrated intelligent hardware and software into tires and vehicle ecosystems.
Through this partnership, the companies aim to develop a collection of sensors and related technologies for use in vehicles and tire applications. It will further accelerate technological innovation and offer better customer access to the highest-performance sensor technology in the market.
On January 4, 2024, TTDKY's subsidiary TDK Ventures, Inc. invested in Singaporean tech disruptor Silicon Box and its innovative semiconductor chiplet packaging design and fabrication capabilities, allowing newfound performance and scale standards.
The strategic investment will allow TTDKY to further its commitment to finding and impact scaling technologies with digital and energy transformation and bring critical innovation to the semiconductor market.
In the third quarter that ended December 31, 2023, TTDKY reported net sales of ¥559.25 billion ($3.68 billion). Its <a href="https://www.investopedia.com/terms/o/operating_profit.asp">operating profit</a> grew 2.7% year-over-year to ¥70.20 billion ($462.38 million). The company's profit before tax increased 12.7% from the year-ago value to ¥76.88 billion ($506.38 million).
In addition, net profit attributable to owners of parent and EPS came in at ¥65.30 billion ($430.13 million) and ¥171.77, up 30.8% year-over-year, respectively.
Street expects TTDKY's revenue and EPS to increase 3.1% and 38.2% year-over-year to $3.80 billion and $0.95 for the second quarter ending September 2024, respectively. Moreover, TTDKY topped the consensus revenue estimates in three of the trailing four quarters.
TTDKY's stock gained 38.8% over the six months and 48% over the past year to close the last trading session at $49.31.
TTDKY's bright outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Sentiment, Stability, Growth, and Value. TTDKY is ranked #4 out of 38 stocks in the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry.
<a href="https://stocknews.com/stock/TTDKY/">Click here</a> to access additional TTDKY ratings for Quality and Momentum.
Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>)
Based in Suwa, Japan, SEKEY develops, manufactures, sells, and offers services for products in printing solutions, visual communications, manufacturing-related and wearables, and other businesses. The company operates through three segments: Printing Solutions; Visual Communications; and Manufacturing-related and Wearables.
On March 7, 2024, SEKEY expanded its line-up of inertial measurement units (IMU) with high-performance, six-degrees-of-freedom sensors. The new line-up will expand its platform products and offer customers more options, allowing them to pick the best functions and performance products for their particular needs and applications.
On January 19, 2024, SEKEY and Development Bank of Japan Inc. invested in California-based 3DEO Inc., a start-up with fully integrated services for designing and manufacturing complex metal parts. The investment will expand SEKEY's operations and help promote manufacturing innovation.
For the nine months that ended December 31, 2023, SEKEY posted revenue of ¥992.10 billion ($6.53 billion), and its profit from operating activities was ¥51.70 billion ($340.51 million). The company's profit for the period attributable to owners of the parent company and EPS came in at ¥42.47 billion ($279.72 million) and ¥128.06, respectively.
In addition, the company's total assets came in at ¥1.36 trillion ($8.94 billion) as of December 31, 2023, compared to ¥1.34 trillion ($8.83 billion) as of March 31, 2023.
Analysts expect SEKEY's revenue to grow 23.6% year-over-year to $8.80 billion revenue for the fiscal year that ended March 2024. Also, for the second quarter ending September 2024, the company's revenue is expected to increase 1.9% year-over-year to $2.21 billion.
SEKEY's shares have surged 14.2% over the past six months and 23% over the past year to close the last trading session at $8.78.
SEKEY's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, translating to a Strong Buy in our proprietary rating system.
The stock has an A grade for Value and Momentum. It also has a B grade for Stability and Quality. Within the B-rated Technology - Hardware industry, SEKEY is ranked #6 out of 38 stocks.
In addition to the POWR Ratings I've just highlighted, you can see SEKEY's ratings for Sentiment and Growth <a href="https://stocknews.com/stock/SEKEY/">here</a>.
LiveRamp Holdings, Inc. (<a href="https://stocknews.com/stock/RAMP/">RAMP</a>)
RAMP is a tech company that operates a data collaboration platform internationally. The company operates the LiveRamp Data Collaboration platform, which supports several people-based market solutions like data collaboration, analytics, and data marketplace. It sells its solutions to enterprise marketers, agencies, and data providers in multiple industry verticals.
On February 28, 2024, RAMP introduced the next generation of the LiveRamp Data Collaboration Platform, providing solutions for the end-to-end marketing lifecycle onto a single platform. It introduced new capabilities like a simplified user interface, composable technology for cross-cloud interoperability, and a partner marketplace.
The new enhancements allow RAMP's customers to collaborate with any partner, activate data to any destination, and access more solutions from one place.
On February 1, 2024, RAMP completed the acquisition of Habu, a data clean room software provider that makes sharing data across organizations safe, simple, scalable, and smart.
The combination of LiveRamp and Habu will establish the industry-leading interoperable platform for data collaboration across all clouds and walled gardens worldwide, expanding the company's collaboration network and driving the adoption of its core identity and connectivity solutions.
On January 25, RAMP became the first Addressable Media Identifier (AMI) company certified by the Digital Advertising Alliance (DAA), the ad industry's self-regulatory body for relevant digital advertising. With this certification, companies can recognize LiveRamp as a partner best suited to assist both the buy- and sell-side to connect data better and enhance customer experiences.
In the fiscal 2024 third quarter that ended December 31, 2023, RAMP's total revenue increased 9.4% year-over-year to $174 million. Its non-GAAP gross profit grew 8.3% year-over-year to $131 million. Its non-GAAP operating income was $36 million, up 38.5% from the previous year's quarter. Its adjusted EBITDA increased 38.7% year-over-year to $36.98 million.
In addition, the company's non-GAAP net earnings came in at $32 million, or $0.47 per share, up 68.4% and 67.8% from the prior year's quarter, respectively.
Analysts expect RAMP's EPS for the first quarter (ending June 2024) to increase 2.6% year-over-year to $0.30, and its revenue is estimated to grow 8.3% year-over-year to $166.89 million for the same period, respectively. Furthermore, the company has topped the consensus EPS estimates in all of the trailing four quarters, which is impressive.
Over the past six months, the stock has gained 20.1% and 54.4% over the past year to close the last trading session at $35.37.
RAMP's promising outlook is reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has a B grade for Growth, Quality, Sentiment, and Value. Within the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, RAMP is ranked #5 among 81 stocks.
<a href="https://stocknews.com/stock/RAMP/">Click here</a> to access additional ratings of RAMP.
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TTDKY shares were trading at $50.27 per share on Tuesday morning, up $0.96 (+1.95%). Year-to-date, TTDKY has gained 6.23%, versus a 9.53% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/ttdky-sekey-ramp-gt-3-tech-stocks-sparking-investor-interest-for-april-buys/>3 Tech Stocks Sparking Investor Interest for April Buys</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Sparking Investor Interest for April Buys

Seiko Epson Corporation reports FY results

Tech giant Apple (AAPL) has released its first-quarter earnings, revealing record-high services revenue. However, concerns arise from shortcomings in its wearables segments and delayed entry into the generative AI space. Let's analyze AAPL's recent performance, assess key fundamentals, and decide whether to buy or wait on the stock... Tech behemoth Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>) released its second-quarter earnings on April 30, 2024. Despite AAPL's efforts, its second-quarter results revealed a decline in sales, particularly in Greater China and iPhone revenue. However, the company managed to surpass analyst estimates for its EPS and revenue.
In this article, I will explore the reasons why waiting for a more favorable entry point for AAPL could be a wise move.
Despite boasting an all-time high in services revenue, AAPL's other segments such as wearables fell short of expectations in the first quarter (ended March 30, 2024). Moreover, despite significant investments and collaborations with industry players, AAPL's late entry into the generative AI space leaves it playing catch-up.
Moreover, AAPL's <a href="https://www.wsj.com/tech/iphones-steady-evolution-is-costing-apple-in-china-49965776">sales declined in China</a> despite discounts, reflecting a shift in consumer perception towards rival brands like Huawei, which offer advanced AI functions lacking in iPhones.
On the bright side, AAPL recently increased its dividend by 4% to 25 cents a share, which aligns with expectations. The company also announced a $110 billion share buyback program, breaking its own U.S. record set in 2018 with a $100 billion authorization.
While the stock declined 10.1% year-to-date, it has surged 2.5% over the past month, closing the last trading session at $173.03.
Looking forward, AAPL's trajectory hinges on the following fundamentals:
Bleak Financials
During the fiscal 2024 second quarter that ended March 30, 2024, AAPL's total net sales decreased 4.3% year-over-year to $90.75 billion. The company's total operating expenses rose 5.2% from the prior year's period to $14.37 billion. Its net income and EPS declined 2.2% and marginally year-over-year to $23.64 billion and $1.53.
High Profitability
AAPL's trailing-12-month EBIT and EBITDA margins of 30.76% and 33.73% are 590.9% and 259.4% higher than the industry average of 4.45% and 9.39%. Moreover, the company's trailing-12-month levered FCF margin of 22.44% is 134.3% higher than the 9.58% industry average.
Stretched Valuation
In terms of forward <a href="https://www.investopedia.com/terms/p/price-to-salesratio.asp">P/S</a>, AAPL is trading at 6.91x, 156.4% higher than the industry average of 2.70x. Its forward EV/Sales and EV/EBITDA of 6.74x and 19.77x are 144.6% and 36.8% higher than the respective industry averages of 2.92x and 15.03x.  Furthermore, the stock's forward Price/Book of 37.07x compares with the industry average of 3.79x.
POWR Ratings Exhibit Uncertain Prospects
AAPL's outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. AAPL has a C grade for Stability, in sync with its 24-month beta of 1.19. Its C grade in Momentum is justified by its fluctuating price performance over the past couple of months.
AAPL is ranked #22 out of 37 within the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry.
Click <a href="https://stocknews.com/stock/AAPL/">here</a> to access AAPL's Growth, Value, Quality, and Sentiment ratings.
Bottom Line
The decline in iPhone sales in China, coupled with fierce competition from Huawei, challenges Apple's market dominance. As AAPL navigates these obstacles, doubts linger about its future growth prospects.
Furthermore, given its high beta and valuation metrics, exercising caution seems prudent. While the stock holds promise for the long term, current volatilities suggest waiting for a more favorable opportunity to enter the stock.
How Does Apple Inc. (AAPL) Stack Up Against Its Peers?
While AAPL has an overall grade of C, equating to a Neutral rating, you may check out these A (Strong Buy) rated stocks within the A-rated <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry: AstroNova, Inc. (<a href="https://stocknews.com/stock/ALOT/">ALOT</a>), Vtech Holdings Limited (<a href="https://stocknews.com/stock/VTKLY/">VTKLY</a>), and Seiko Epson Corporation (<a href="https://stocknews.com/stock/SEKEY/">SEKEY</a>).
To explore more Technology – Hardware stocks, click <a href="https://stocknews.com/category/technology-hardware/">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 />
AAPL shares rose $12.26 (+7.09%) in premarket trading Friday. Year-to-date, AAPL has declined -3.63%, versus a 7.75% 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/aapl-alot-vtkly-sekey-apple-aapl-quarterly-earnings-update-buy-or-wait/>Apple (AAPL) Quarterly Earnings Update: Buy or Wait?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Apple (AAPL) Quarterly Earnings Update: Buy or Wait?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Seiko Epson (OTCMKTS:<a href="https://investorplace.com/stock-quotes/sekey-stock-quote/">SEKEY</a>) just reported results for the fourth quarter of 2023.<ul><li>Seiko Epson reported earnings per share of 10 cents.</li><li>The company reported revenue of $2.17 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/sekey-stock-earnings-seiko-epson-for-q4-of-2023/">SEKEY Stock Earnings: Seiko Epson Reported Results for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SEKEY Stock Earnings: Seiko Epson Reported Results for Q4 2023

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Press Releases

Creating Dynamic Displays for Faith-Based Organizations with Epson Projection Technology

Diversified Labels in Arizona Installs Epson SurePress L-6534VW Digital Label Press

Epson Increases Production Efficiency and Productivity for Textile Print Shops with Two New Industrial Dye-Sublimation Printers

Epson Unveils Revamped Pricing and Trade-In Program to Bolster Small Business Success

Epson Launches New Color Management Tool for Achieving Accurate, Consistent Color

Epson Introduces New 64-Inch Fine Art Printer Offering High-Quality, Wide Color Gamut and High-Productivity

Epson to Showcase Latest Technology to Optimize Operations for Food Service Professionals at National Restaurant Association Show 2024

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Latest News for Seiko Epson Stock (OTC:SEKEY)

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