N-able (NYSE:NABL) Stock, Quote.Headers.trade-ideas

N-able

N-able Inc is a provider of cloud-based software solutions for managed service providers (MSPs), enabling them to support digital transformation and growth for small and medium-sized enterprises. With a flexible technology platform and powerful integrations, N-able makes it easy for MSPs to monitor, manage, and protect their end-customer systems, data, and networks. The company's growing portfolio of management, security, automation, and data protection solutions is built for IT services management professionals. Geographically, the majority of revenue is from the United States. it also has a presence in the United Kingdom and all other International regions.

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	LogicMark, Inc. (NASDAQ: LGMK) shares jumped 76.1% to $0.2466 after the company announced financial results for the year ended 2022. The company reported FY22 revenue of $11.9 million.


Why Kodiak Sciences Shares Are Trading Higher By 18%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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	LogicMark, Inc. (NASDAQ: LGMK) shares rose 36.7% to $0.1914 in pre-market trading after the company reported strong revenue and margin growth for the year ended 2022.


Why Shift Technologies Shares Are Trading Lower By 15%; Here Are 20 Stocks Moving Premarket

N-able Inc

Melius Research analyst Karen Short initiates coverage on Grocery Outlet Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GO#NASDAQ">GO</a>) with a Hold rating and announces Price Target of $17.

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Melius Research Initiates Coverage On Grocery Outlet Holding with Hold Rating, Announces Price Target of $17

HC Wainwright &amp; Co. analyst Emily Bodnar reiterates Ventyx Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTYX#NASDAQ">VTYX</a>) with a Neutral and maintains $6 price target.

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HC Wainwright & Co. Reiterates Neutral on Ventyx Biosciences, Maintains $6 Price Target

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Orgenesis shares are trading lower after the company announced a 1-for-10 reverse stock split.

HC Wainwright &amp; Co. analyst Emily Bodnar reiterates Context Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTX#NASDAQ">CNTX</a>) with a Buy and maintains $6 price target.

CNTX

HC Wainwright & Co. Reiterates Buy on Context Therapeutics, Maintains $6 Price Target

Baird analyst Brian Skorney maintains Biohaven (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NYSE">BHVN</a>) with a Outperform and raises the price target from $58 to $60.

BHVN

Baird Maintains Outperform on Biohaven, Raises Price Target to $60

Wall Street kicked off the week on a cautious note, with major indexes trading relatively flat as investors seek more clarity on the economic and political landscape.
A widely followed private sector survey by S&amp;P Global revealed that output growth slightly exceeded expectations in September, buoyed by stronger services activity. However, the report also signaled a reawakening of inflationary pressures, raising concerns about <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40965082/feds-historic-dissenter-bowman-says-smaller-interest-rate-cut-was-justified-we-have-no">future monetary policy moves.</a>
The latest betting-implied odds from Polymarket show Kamala Harris at 51% to win the 2024 U.S. presidential election, surpassing former President Donald Trump, who has seen his consensus slips in recent weeks.
Among major assets, gold continues its upward momentum, setting new all-time highs as investors flock to safe-haven assets amid global uncertainty.
Meanwhile, natural gas prices spiked over 4%, hitting a three-month high early Monday. The rise follows the formation of another storm in the Gulf of Mexico, which threatens to further disrupt supply chains already impacted by Hurricane Francine.
The geopolitical situation in the Middle East remains tense, with Israel targeting new Hezbollah sites in Lebanon and the U.S. sending additional military troops to the region amid rising conflict. 
Despite the turmoil, oil prices fell by 2%, suggesting that supply fears may be easing for the moment. 
In the cryptocurrency space, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) eased by 0.5%, showing little movement.
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,816.41</td>
<td>0.1 %</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,707.19</td>
<td>0.1 %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,002.30</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,213.90</td>
<td>-0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:45 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092324&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was flat at $568.42.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;edged 0.1% lower to $420.26.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) flattened at $482.36.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.5% to $220.36.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 0.6%. The Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 0.6%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rallied 4%, while General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) fell 2.7% reacting to the latest export ban proposal from the U.S. administration <a href="https://www.benzinga.com/markets/asia/24/09/40981254/chinese-vehicle-tech-faces-biden-administration-ban-over-national-security-concerns-china-ev-stocks">on Chinese-made vehicles. </a></li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) rose over 3% amid rumors that Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is <a href="https://www.benzinga.com/m-a/24/09/40983591/qualcomm-takeover-of-intel-is-logically-unlikely-in-face-of-regulatory-challenges-analyst-says">exploring a potential takeove</a>r. Shares of Qualcomm fell 2%.</li>
<li>Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) obtained a double upgrade from Sell to Buy by Citigroup. </li>
<li>Viking Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) fell over 6% amid negative weight-loss study data.</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40965082/feds-historic-dissenter-bowman-says-smaller-interest-rate-cut-was-justified-we-have-no">Fed&#8217;s Historic Dissenter Bowman Says Smaller Interest Rate Cut Was Justified: &#8216;We Have Not Yet Achieved Our Inflation Goal&#8217;</a></li>
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US Stocks Stall, Gold Updates Record Highs, Tesla Rallies: What's Driving Markets Monday?

Investors in BRC Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brcc#NYSE">BRCC</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct. 18, 2024 $1 Call had some of the highest implied volatility of all equity options today.
<h2>What is Implied Volatility?</h2>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h2>What do the Analysts Think?</h2>
Clearly, options traders are pricing in a big move for BRC shares, but what is the fundamental picture for the company? Currently, BRC is a Zacks Rank #4 (Sell) in the Consumer Products - Staples industry that ranks in the Bottom 44% of our Zacks Industry Rank. Over the last 60 days, no analyst increased the earnings estimates for the current quarter, while four have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from breakeven to a loss of 2 cents in that period.
Given the way analysts feel about BRC right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2339965/is-the-options-market-predicting-a-spike-in-brc-brcc-stock?cid=CS-BENZ-FT-tale_of_the_tape|options-2339965">To read this article on Zacks.com click here.</a>

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BRCC

Is the Options Market Predicting a Spike in BRC Stock?

HC Wainwright &amp; Co. analyst Yi Chen maintains Bausch &amp; Lomb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>) with a Buy and raises the price target from $19 to $22.

BLCO

HC Wainwright & Co. Maintains Buy on Bausch & Lomb, Raises Price Target to $22

Deep-pocketed investors have adopted a bearish approach towards CVS Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CVS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 32 extraordinary options activities for CVS Health. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 56% bearish. Among these notable options, 19 are puts, totaling $1,013,010, and 13 are calls, amounting to $1,746,486.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $65.0 for CVS Health, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for CVS Health's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across CVS Health's significant trades, within a strike price range of $45.0 to $65.0, over the past month.
<h3>CVS Health Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727111767_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CVS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$2.16</td>
<td>$1.91</td>
<td>$1.89</td>
<td>$58.00</td>
<td>$739.1K</td>
<td>42</td>
<td>3.8K</td>
</tr>
<tr>
<td>CVS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.85</td>
<td>$5.75</td>
<td>$5.78</td>
<td>$55.00</td>
<td>$410.3K</td>
<td>3.2K</td>
<td>710</td>
</tr>
<tr>
<td>CVS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.45</td>
<td>$1.44</td>
<td>$1.45</td>
<td>$57.00</td>
<td>$149.4K</td>
<td>0</td>
<td>2.0K</td>
</tr>
<tr>
<td>CVS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.45</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$60.00</td>
<td>$107.1K</td>
<td>6.3K</td>
<td>676</td>
</tr>
<tr>
<td>CVS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.45</td>
<td>$3.35</td>
<td>$3.45</td>
<td>$60.00</td>
<td>$99.7K</td>
<td>6.3K</td>
<td>2.1K</td>
</tr>
</tbody>
</table>

<h3>About CVS Health</h3>
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the us. CVS is also a large pharmacy benefit manager (acquired through Caremark), processing about 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.
After a thorough review of the options trading surrounding CVS Health, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of CVS Health</h3>
<ul>
<li>Currently trading with a volume of 2,906,387, the CVS's price is up by 0.51%, now at $57.8. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 44 days.</li>
</ul>
<h3>Professional Analyst Ratings for CVS Health</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $64.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $68. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $62. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $62. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest CVS Health options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Spotlight on CVS Health: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bullish approach towards Colgate-Palmolive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Colgate-Palmolive. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 37% bearish. Among these notable options, 2 are puts, totaling $61,200, and 6 are calls, amounting to $228,304.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $105.0 for Colgate-Palmolive, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Colgate-Palmolive options trades today is 881.17 with a total volume of 1,167.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Colgate-Palmolive's big money trades within a strike price range of $95.0 to $105.0 over the last 30 days.
<h3>Colgate-Palmolive Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727111761_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$8.5</td>
<td>$8.3</td>
<td>$8.5</td>
<td>$97.50</td>
<td>$55.2K</td>
<td>520</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>CL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.95</td>
<td>$0.9</td>
<td>$0.95</td>
<td>$105.00</td>
<td>$48.0K</td>
<td>2.6K</td>
<td style="text-align: right;">530</td>
</tr>
<tr>
<td>CL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$7.5</td>
<td>$7.2</td>
<td>$7.48</td>
<td>$97.50</td>
<td>$37.4K</td>
<td>612</td>
<td style="text-align: right;">92</td>
</tr>
<tr>
<td>CL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.6</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$95.00</td>
<td>$34.2K</td>
<td>250</td>
<td style="text-align: right;">76</td>
</tr>
<tr>
<td>CL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$4.1</td>
<td>$4.0</td>
<td>$4.0</td>
<td>$100.00</td>
<td>$30.8K</td>
<td>195</td>
<td style="text-align: right;">192</td>
</tr>
</tbody>
</table>

<h3>About Colgate-Palmolive</h3>
Since its founding in 1806, Colgate-Palmolive has grown to become a leading player in the household and personal care arena. In addition to its namesake oral care line (which accounts for more than 40% of its total sales), the firm manufactures shampoos, shower gels, deodorants, and homecare products that are sold in over 200 countries. International sales account for about 70% of its total business, including approximately 45% from emerging regions. It also owns specialty pet food maker Hill's (around one fifth of sales), which primarily sells its products through veterinarians and specialty pet retailers.
In light of the recent options history for Colgate-Palmolive, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Colgate-Palmolive</h3>
<ul>
<li>Trading volume stands at 1,380,483, with CL's price up by 0.51%, positioned at $103.59.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 32 days.</li>
</ul>
<h3>Expert Opinions on Colgate-Palmolive</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $110.33333333333333.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo has revised its rating downward to Underweight, adjusting the price target to $100. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on Colgate-Palmolive, which currently sits at a price target of $122. 
&#x2A; An analyst from Deutsche Bank has revised its rating downward to Hold, adjusting the price target to $109. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Colgate-Palmolive, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Unpacking the Latest Options Trading Trends in Colgate-Palmolive

High-rolling investors have positioned themselves bullish on Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in TXN often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Texas Instruments. This is not a typical pattern.
The sentiment among these major traders is split, with 63% bullish and 27% bearish. Among all the options we identified, there was one put, amounting to $39,510, and 10 calls, totaling $512,951.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $190.0 and $210.0 for Texas Instruments, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Texas Instruments's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Texas Instruments's whale activity within a strike price range from $190.0 to $210.0 in the last 30 days. 
<h3>Texas Instruments Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727111756_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TXN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.25</td>
<td>$16.2</td>
<td>$16.25</td>
<td>$200.00</td>
<td>$156.0K</td>
<td>3.2K</td>
<td style="text-align: right;">349</td>
</tr>
<tr>
<td>TXN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$15.85</td>
<td>$15.65</td>
<td>$15.85</td>
<td>$200.00</td>
<td>$76.1K</td>
<td>3.2K</td>
<td style="text-align: right;">76</td>
</tr>
<tr>
<td>TXN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$9.1</td>
<td>$8.6</td>
<td>$8.7</td>
<td>$210.00</td>
<td>$42.6K</td>
<td>1.5K</td>
<td style="text-align: right;">49</td>
</tr>
<tr>
<td>TXN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$4.05</td>
<td>$3.95</td>
<td>$3.95</td>
<td>$205.00</td>
<td>$39.5K</td>
<td>13</td>
<td style="text-align: right;">201</td>
</tr>
<tr>
<td>TXN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.65</td>
<td>$6.5</td>
<td>$6.55</td>
<td>$210.00</td>
<td>$39.3K</td>
<td>1.4K</td>
<td style="text-align: right;">106</td>
</tr>
</tbody>
</table>

<h3>About Texas Instruments</h3>
Dallas-based Texas Instruments generates over 95% of its revenue from semiconductors and the remainder from its well-known calculators. Texas Instruments is the world's largest maker of analog chips, which are used to process real-world signals such as sound and power. Texas Instruments also has a leading market share position in processors and microcontrollers used in a wide variety of electronics applications.
Following our analysis of the options activities associated with Texas Instruments, we pivot to a closer look at the company's own performance.
<h3>Texas Instruments's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,143,121, with TXN's price up by 0.23%, positioned at $203.77.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 29 days.</li>
</ul>
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Unpacking the Latest Options Trading Trends in Texas Instruments

KB Home (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbh#NYSE">KBH</a>) is slated to report third-quarter fiscal 2024 results (ended Aug. 31) on Sept. 24, after the closing bell.
In the last reported quarter, KB Home&#39;s earnings and revenues beat the Zacks Consensus Estimate by 20.8% and 4.3%, respectively. On a year-over-year basis, earnings increased 11% on 3.4% lower revenues.
The company&#39;s earnings topped analysts&#39; expectations in 31 of the trailing 34 quarters.
<div class="chart_embed">
<h3>KB Home Price and EPS Surprise</h3>
<img alt="KB Home Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/9d/1727092560.png" style="height:263px; width:538px" title="" />
KB Home price-eps-surprise | KB Home Quote
</div>
<h2>How Are Estimates Placed for KBH?</h2>
For the quarter to be reported, the Zacks Consensus Estimate for earnings has remained unchanged at $2.04 per share over the past 60 days. The projected figure indicates an increase of 13.3% from the year-ago quarter&#39;s earnings of $1.80 per share.
The consensus estimate for revenues is pegged at $1.73 billion, implying growth of 8.8% from the prior-year quarter.
<h2>What the Zacks Model Unveils for KB Home</h2>
Our proven model predicts an earnings beat for KB Home this time around. This is because a stock needs to have the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.
Earnings ESP: KB Home has an Earnings ESP of +0.08%.
Zacks Rank: KB Home currently has a Zacks Rank #3.
<h2>Factors to Shape KBH&#39;s Q3 Results</h2>
Revenues: KB Home&#39;s top line in third-quarter fiscal 2024 is likely to have increased, given higher Housing revenues primarily attributable to growth in deliveries and favorable pricing. The company has been benefiting from the strong buyer demand, particularly for built-to-order homes, despite the volatility in mortgage rates.
The company&#39;s focus on personalization and its ability to offer both quick move-in and personalized homes might have helped the company drive growth. KB Home has also been utilizing mortgage buydowns as a key component of its strategy to maintain strong sales amid fluctuating mortgage rates.
Although the company has not provided an explicit forecast for its third-quarter absorption pace, the positive momentum from the fiscal second quarter &mdash; driven by strong demand, shorter build times, and strategic pricing &mdash; suggests that the absorption pace is expected to remain solid in the fiscal third quarter. The company is focusing on balancing pace and pricing to optimize margins while still driving volume.
The company expects housing revenues in the range of $1.65-$1.75 billion compared with the year-ago figure of $1.57 billion. KBH anticipates the average selling price&nbsp;to be $482,000, indicating an increase from $466,300 reported a year ago.
Our model projects housing revenues to grow 9.1% year over year to $1.72 billion in the quarter. We expect ASP to increase 3.3% to $481,500. We expect total deliveries in the quartet to grow 5.6% year over year.
Margins: Although initiatives like the Returns-Focused Growth Plan and Built-to-Order approach are positives, increasing construction and labor costs are likely to put pressure on the bottom line.
The company anticipates that the housing gross margin for the third quarter of 2024 will decline between 21% and 21.4% (compared with 21.5% in the year-ago quarter). This projection accounts for the concessions provided to homebuyers in the latter half of last year, which were influenced by the challenging market conditions at that time and is expected to close in this quarter.
Selling, general &amp; administrative expenses (SG&amp;A), as a percentage of housing revenues, are likely to be 9.9%-10.3%. We expect SG&amp;A expenses to be 10.2% in the quarter, the same as the year-ago figure.
The company expects adjusted operating margin between 10.8% and 11.4%. Our model predicts the adjusted operating margin to be 10.9% in the quarter, down from 11.4% a year ago.
The company expects an effective tax rate of approximately 24% for the quarter.
Orders &amp; Backlogs: We anticipate that new orders will increase to 3,357 units, up 8.4% from the previous year. With a limited supply of pre-owned homes available, homebuyers are turning their attention to builders who have increased their construction efforts to meet the rising demand. KB Home, along with other homebuilding companies, has benefited significantly from this trend despite ongoing challenges.
We expect the backlog to be 6,062 units, implying a decline from 7,008 units reported in the prior-year quarter.
Meanwhile, our model predicts Financial Services revenues to be $8.3 million for the fiscal third quarter. We expect Financial Services pretax income to be $12.2 million in the quarter compared with the year-ago quarter&#39;s figure of $9.9 million.
<h2>KB Home&#39;s Price Performance &amp; Valuation</h2>
KBH&#39;s stock has exhibited an upward movement in the past six months.&nbsp;The stock has gained 27.5%, outperforming the Zacks Building Products - Home Builders industry&#39;s rise of 16.4% in the same time frame.
The company has also outperformed its peer companies like Meritage Homes Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mth#NYSE">MTH</a>) (up 21.6% in the past six months) and Taylor Morrison Home Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tmhc#NYSE">TMHC</a>) (up 16%).
<h2>6-Month Price Performance of KBH Stock</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2d/78791.jpg?v=1075297864" />
Image Source: Zacks Investment Research
Technical indicators suggest continued strong performance for KBH. Notably, the 50-day SMA continues to read higher than the 200-day SMA, signaling the bullish trend.
<h2>KBH Stock Trades Above 50 and 200-Day Moving Average</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/55/78793.jpg?v=505003855" />
Image Source: Zacks Investment Research
KBH stock is trading at a discount compared with the industry and slightly higher than its median. Despite the company&#39;s shares&#39; outperformance compared to its industry, KBH&#39;s current valuation is still considered undervalued. This might imply that the market has not yet fully recognized or priced in the company&#39;s potential growth prospects or earnings potential. The company is also trading currently at a discount compared to the industry&#39;s big shots like PulteGroup, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phm#NYSE">PHM</a>).
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6c/78792.jpg?v=689735686" />
Image Source: Zacks Investment Research
<h2>How to Play KB Home Stock?</h2>
Investors may want to hold KB Home stock due to its resilience in a challenging housing market, driven by strategic pricing and effective inventory management. Despite industry headwinds like expensive mortgages and slowing demand, KB Home has maintained strong financial performance through a focus on affordability and margin optimization. The company&#39;s BTO model has contributed to positive inventory dynamics, supporting confidence in their margin guidance for the second half of 2024.
While the recent Federal Reserve rate cut to 4.75%-5% may provide some market relief, its full impact on homebuilding remains uncertain, as mortgage rates may have already factored in the anticipated cut. Additionally, rising land costs, competition from the resale market, and supply chain disruptions pose challenges to the company&#39;s growth potential.
Though KB Home&#39;s stock has shown strength with a solid 50-day moving average and discounted valuation, a lack of upward estimate revisions in the past two months signals limited near-term upside. Investors might consider holding the stock while waiting for more favorable market conditions and further clarity on KB Home&#39;s long-term performance.
KB Home&#39;s operational resilience and strategic focus in a difficult environment make it a stock worth holding, although potential investors may opt for caution until clearer signals of stability emerge in both the company&#39;s performance and broader market trends.
<a href="https://www.zacks.com/stock/news/2339964/should-you-buy-sell-or-hold-kb-home-before-q3-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2339964">To read this article on Zacks.com click here.</a>

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Should You Buy, Sell, or Hold KB Home Before Q3 Earnings?

<a href="https://www.benzinga.com/personal-finance/24/03/37464513/older-and-wiser-now-means-being-richer-baby-boomers-own-72-of-nations-wealth-but-gen-x-and-the-y">Baby Boomers</a> between ages 60 and 78 control a massive $76 trillion in wealth. This makes them the wealthiest retiring generation in history but they aren't parting with their money as quickly as many predicted.&nbsp;
Economists are wondering why these retirees are holding onto their fortunes instead of spending them like earlier generations did.
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A recent episode of The Economist podcast, "The Intelligence," explores this unexpected trend. Senior economics writer Colin Williams notes that the big mystery isn't why boomers are being thrifty but spending so little overall. This shift impacts everything from the housing market to how younger generations think about their financial future.
So, what's behind this conservative approach? A few factors seem to be at play.
First, COVID has left a lasting mark. Williams points out that many boomers adopted what he calls "hermit-like habits" during the pandemic and these tendencies have stuck around even after restrictions were lifted. It's almost as if they're building wealth by accident without trying to.
See Also: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
Second, boomers are living longer, which raises financial concerns. A report from Corebridge Financial found that while 54% of Americans expect to live to 100, only 27% believe their savings will last that long. Boomers are eyeing a long retirement and <a href="https://www.benzinga.com/personal-finance/24/07/39780937/survey-reveals-67-of-55-year-olds-are-severely-underprepared-and-terrified-they-will-outlive-the">don't want to outlive their money</a>.
Then, there's the question of legacy. Many boomers feel a sense of duty to leave something behind for their children and grandchildren. "There's a lot of competing demands for their money," says Williams. He adds that boomers are "pretty stingy" with their wealth, which will not change anytime soon.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
The economic ripples from this trend are wide-ranging, <a href="https://www.benzinga.com/markets/24/09/40904058/investment-opportunities-are-popping-up-in-new-markets-as-baby-boomers-look-beyond-florida-for-retir">especially in the housing market.</a> Boomers stay put and this "aging in place" contributes to the housing shortage. A Redfin study shows the U.S. is short by four to seven million homes and three-quarters of homeowners over 60 plan to stay in their homes. This only adds pressure for younger buyers.
For those in Gen Z or millennials lucky enough to buy a home, it's not exactly what their parents had. Boomers own 28% of large homes with three or more bedrooms, while only 0.3% of Gen Z families can say the same.
See Also: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.
And what about the much-hyped Great Wealth Transfer? Cerulli Associates estimates that $53 trillion will pass down from boomers in the next decade. However, much of that wealth is concentrated in high-net-worth households. Plus, longer life spans and rising long-term care costs could eat into those inheritances, leaving less than younger generations hoped.
In the meantime, millennials and Gen Z are left to rethink their financial strategies, facing a future in which they may not receive the <a href="https://www.benzinga.com/general/24/03/37514748/boomers-are-expected-to-pass-90-trillion-in-assets-onto-millennials-leaving-them-to-become-the-riche">windfall they once anticipated.</a>
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Personal Finance

Baby Boomers Are The 'Richest Generation Ever' But Being 'Pretty Stingy' With Their Money – And Younger Generations Are Feeling The Squeeze

UXIN

Uxin shares are trading higher after the company reported a year-over-year increase in Q1 sales results.

Morgan Stanley analyst Patrick Wood maintains Tandem Diabetes Care (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) with a Equal-Weight and maintains $45 price target.

TNDM

Morgan Stanley Maintains Equal-Weight on Tandem Diabetes Care, Maintains $45 Price Target

Morgan Stanley analyst Ryan Kenny maintains Moelis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MC#NYSE">MC</a>) with a Underweight and raises the price target from $61 to $67.

Morgan Stanley Maintains Underweight on Moelis, Raises Price Target to $67

Lars Fruergaard Jørgensen, President and CEO of Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>), is set to face tough questions from the U.S. lawmakers regarding the steep prices of the company&#8217;s diabetes and weight-loss drugs, including <a target="_blank" href="https://www.benzinga.com/general/biotech/24/07/39736330/bernie-sanders-targets-high-prices-of-ozempic-and-wegovy-in-us" rel="noreferrer noopener">Ozempic and Wegovy</a>.
The United States Senate Committee on Health, Education, Labor, and Pensions (HELP) <a target="_blank" href="https://www.help.senate.gov/hearings/why-is-novo-nordisk-charging-americans-with-diabetes-and-obesity-outrageously-high-prices-for-ozempic-and-wegovy" rel="noreferrer noopener">hearing</a> is scheduled for Tuesday, September 24th.
Leading the charge is Senator Bernie Sanders, chair of the Senate committee, who has been outspoken about the high cost of these medicines.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/08/40550961/novo-nordisk-does-not-operate-as-drug-cartel-ceo-defends-us-pricing-of-ozempic-against-criticism-" rel="noreferrer noopener">Novo Nordisk Does Not Operate As Drug Cartel, CEO Defends US Pricing Of Ozempic Against Criticism Over High Drug Prices</a>.
The President of the United States,&nbsp;Joe Biden,&nbsp;and&nbsp;Sen. Bernie Sanders,&nbsp;the Senate Chairman of the Health, Education, Labor, and Pensions Committee, have long been vocal about the exorbitant prices the pharmaceutical industry charges for prescription <a target="_blank" href="https://www.benzinga.com/general/biotech/24/07/39600377/joe-biden-suggests-novo-nordisk-eli-lilly-to-lower-prices-for-its-popular-obesity-drugs" rel="noreferrer noopener">drugs in the U.S</a>.
Bernie Sanders <a target="_blank" href="https://www.sanders.senate.gov/in-the-news/novo-nordisk-is-ripping-off-the-american-people-bernie-sanders-says-of-ozempic-and-wegovy-costs/" rel="noreferrer noopener">said</a> the first question he would ask Novo Nordisk&#8217;s CEO at a Senate committee hearing is why the drugmaker charges up to 10 or 15 times more for&nbsp;Ozempic and Wegovy in the U.S. than other countries.
&#8220;This is absurd,&#8221; Sanders said in an interview late Tuesday. &#8220;It is clear that Novo Nordisk is ripping off the American people.&#8221;
Novo Nordisk is expected to defend the current prices, pointing to how most patients are covered by insurance and blaming pharmacy benefit managers for inflating drug prices through rebates.
Jørgensen is likely to highlight the extensive development costs of these drugs, which the company says exceeded $10 billion over three decades.&nbsp;&nbsp;
Novo Nordisk has invested over $30 billion in expanding its manufacturing capacity since early last year.
However, a Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-23/ozempic-wegovy-sales-will-cover-68-billion-in-r-d-for-novo-nordisk" rel="noreferrer noopener">analysis</a> shows that Ozempic and Wegovy&#8217;s enormous sales, which are set to surpass $65 billion by the end of this year, undermine the company&#8217;s justification for the high prices.
After accounting for inflation, that figure would surpass the $68 billion Novo had invested in all research and development since the mid-1990s when the company began focusing on this class of drugs.
According to some analysts,&nbsp;Novo Nordisk&#8217;s blockbuster diabetes drug&nbsp;Ozempic&nbsp;and several other well-known medications might be included in Medicare&#8217;s negotiated <a target="_blank" href="https://www.benzinga.com/general/biotech/24/08/40534249/novo-nordisks-ozempic-might-be-among-2027-medicare-price-negotiation-targets" rel="noreferrer noopener">prescription drug prices</a>.
Price Action: NVO stock is down 3.10% at $123.56 at the last check Monday.
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Novo Nordisk CEO To Face Senate Scrutiny Over High Ozempic And Wegovy Prices, Hearing Scheduled On Tuesday

Macro Economic Events

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Economics

Boeing's DC Office Cuts Political Donations, Lobbying

Treasure Global shares are trading higher after the company announced it entered into a partnership agreement with Credilab.

DA Davidson analyst Gil Luria downgraded the rating on Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to Neutral from Buy while maintaining a <a target="_blank" href="https://www.benzinga.com/quote/MSFT/analyst-ratings" rel="noreferrer noopener">price target of $475</a>.
Luria noted competition has essentially caught up with Microsoft on the AI front, which reduces the justification for the current premium valuation.
The analyst now ranked Microsoft fourth within the Magnificient Six. The stock increased 92% since his January 2023 initiation, compared to 49% for the S&amp;P500.
Luria noted that Microsoft has accelerated growth and extended margins over the last few quarters as the first to embrace and commercialize generative AI. Through an early investment in OpenAI and the ability to quickly deploy capabilities within Azure and GitHub, it took a significant lead over Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Service and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud, which translated to superior results over the prior 4-6 quarters.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23123947/newplot-19.png" alt="" class="wp-image-561547" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23123947/newplot-19.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23123947/newplot-19-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The analyst noted that Microsoft&#8217;s lead is now diminished in both the cloud and code generation businesses, making it difficult for Microsoft to continue to outperform.
Luria said AWS is already adding nearly as much cloud business as Azure after a few quarters of Microsoft adding more business. Google Cloud Platform&#8217;s expansion has also seen its business accelerate to comparable growth rates as Azure prior quarter.
The analyst&#8217;s new proprietary hyperscaler semiconductor analysis indicates AWS and GCP are far ahead in deploying their silicon into their data centers, giving them a significant advantage over Azure in the future.
While Microsoft has discussed its Maia chips, it is years behind Amazon and Google and seems to be using them only to run Azure OpenAI Services workloads, he flagged. Luria noted this means Microsoft has been escalating an arms race it may not be able to prevail. He said this makes Microsoft beholden to Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which means it will continue to shift wealth from its shareholders to Nvidia shareholders.
After significant margin expansion last year, Microsoft is now guiding for a decline in operating margins to pay for the data center capex, increasing from 12% to 21% of revenue, Luria emphasized. This is a higher rate of increase than Amazon and Google due to Microsoft&#8217;s greater reliance on Nvidia.
The analyst said that Microsoft overinvests at these rates yearly, diminishing margins by at least 100 bps cumulatively. To offset the margin drag, Microsoft would need to lay off ~10,000 employees for every year of over-investment.
While Nvidia and others have pointed to a strong ROI for hyperscalers such as Azure, Luria flagged that these returns may only last for a while.
The analyst noted Azure&#8217;s growth may be boosted by self-funded revenue, such as from OpenAI.
Luria noted Microsoft has also lost much of the lead for GitHub Copilot. Not only have Amazon and Gitlab mostly caught up to GitHub Copilot&#8217;s capabilities, he said Cursor has become the new standard.
Luria projected fiscal first-quarter 2025 revenue of $64.2 billion and EPS of $2.96.
Price Action: MSFT stock is down 0.50% at $433.10 at last check Monday.
Photo via Shutterstock

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NVDA

Microsoft's AI Lead Shrinks: Analyst Downgrades Stock As Amazon And Google Close The Gap

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on The Descartes Systems Group (DSGX – Research Report)...

Analysts Offer Insights on Technology Companies: The Descartes Systems Group (DSGX), Pure Storage (PSTG) and N-able (NABL)

N-able could see more than $15 a share in takeover - analyst

Investors looking to capitalize on economic expansions often turn to high-growth stocks for robust portfolio returns. In this article, we discuss three quality tech stocks: Pure Storage (PSTG), N-able (NABL), and AvePoint (AVPT), with explosive growth prospects that could be ideal investments worthy of their premium price. Read more… Amid rising IT spending and expanding the realm of generative AI initiatives, investors are eyeing high-PE tech stocks as potential growth catalysts in their portfolios. Therefore, considering investments in high-PE tech stocks like Pure Storage, Inc. (<a href="https://stocknews.com/stock/PSTG/">PSTG</a>), N-able, Inc. (<a href="https://stocknews.com/stock/NABL/">NABL</a>), and AvePoint, Inc. (<a href="https://stocknews.com/stock/AVPT/">AVPT</a>) could be prudent, given their solid fundamentals and promising growth prospects.
In the evolving enterprise technology landscape, IT service providers have long relied on managing complex IT ecosystems for their clients. Now, with the rise of generative AI, enterprises are increasingly investing in AI to automate and optimize IT management.
This shift presents a significant growth opportunity, with the gen AI services market projected to exceed $200 billion by 2029. If IT providers can grab a piece of that pie, their profits could increase by <a href="https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/tech-services-and-generative-ai-plotting-the-necessary-reinvention">as much as 30%</a>.
Adding to this optimistic outlook, Gartner predicts a robust growth trajectory for global IT spending, anticipated to surge to <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>, marking an 8% increase from the previous year. A substantial portion of this spending will be driven by growing generative AI initiatives to enhance operational efficiencies and drive innovation across industries.
Moreover, the software market is set to <a href="https://www.statista.com/outlook/tmo/software/worldwide#:~:text=Revenue%20in%20the%20Software%20market,US%24858.10bn%20by%202028.">reach $698.80 billion</a> in revenue by 2024, with the U.S. expected to lead with $353.50 billion. This market is poised to grow at a steady CAGR of 5.3% through 2028, reaching an estimated $858.10 billion. Such robust growth forecasts underscore the lucrative opportunities within the tech sector, particularly for companies at the forefront of AI innovation and digital transformation.
Besides, investors' interest in tech stocks is evident from the Technology Select Sector SPDR ETF's (<a href="https://stocknews.com/stock/XLK/">XLK</a>) 38.7% returns over the past nine months.
Despite many tech stocks commanding high PE ratios, investors are betting on their future growth and profit potential. Thanks to their strong growth prospects, dominant market positions, and scalable business models, these companies are seen as capable of delivering substantial returns.
However, investors must thoroughly evaluate the stocks' fundamentals, market dynamics, and associated risks before making any investment commitments.
So, let's dig deeper into the fundamentals of the three tech stocks: PSTG, NABL, and AVPT. These stocks have elevated PE ratios, justifying their premium valuation due to promising growth prospects, market dominance, and innovative prowess.
Pure Storage, Inc. (<a href="https://stocknews.com/stock/PSTG/">PSTG</a>)
PSTG provides data storage and management technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services.
On June 5, 2024, PSTG announced a strategic investment in LandingAI, the leading visual AI company, to advance vision AI technology. This collaboration aims to integrate PSTG's data storage platform with LandingAI's Large Vision Model (LVM) solutions, enhancing enterprises' AI capabilities. It would enable enterprises to better utilize AI for complex image and video data, driving innovation and competitive advantage in the AI/ML sector.
In terms of forward non-GAAP P/E, PSTG is trading at 40.24x, 69.1 higher than the industry average of 23.79x. Likewise, the stock's forward EV/Sales and Price/Sales multiples of 6.20 and 6.66 are 112.3% and 129.6% above their respective industry averages of 2.92 and 2.90.
PSTG's trailing-12-month gross profit margin of 71.68% is 45.4% higher than the industry average of 49.30%. Similarly, its trailing-12-month levered FCF margin and ROCE of 15.58% and 8.22% are 58.1% and 93.7% higher than the industry averages of 9.85% and 4.24%, respectively.
For the fiscal first quarter that ended May 5, 2024, PSTG's total revenue increased 17.7% year-over-year to $693.48 million. Its non-GAAP gross profit grew 20.4% from the year-ago value to $512.16 million. The company's non-GAAP <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> improved by 334.7% and 300% from the prior year's quarter to $107.30 million and $0.32 per share, respectively. Also, its non-GAAP free cash flow stood at $172.68 million, up 41.7% year-over-year.
Analysts expect PSTG's EPS for the second quarter ending July 2024, to increase 8.2% year-over-year to $0.37. The company's revenue is expected to grow 9.8% year-over-year to $756.09 million for the same quarter. Further, PSTG topped the consensus EPS and revenue estimates in each of the trailing four quarters, which is excellent.
PSTG's stock has gained 82.9% over the past nine months to close the last trading session at $64.21.
PSTG's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. 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, each weighted to an optimal degree.
The stock has an A grade for Growth and Quality. PSTG is ranked first in the A-rated <a href="https://stocknews.com/category/technology-storage/">Technology – Storage</a> industry.
<a href="https://stocknews.com/stock/PSTG/">Click here</a> to access all PSTG ratings (Value, Momentum, Stability, and Sentiment).
N-able, Inc. (<a href="https://stocknews.com/stock/NABL/">NABL</a>)
NABL provides cloud-based software solutions for managed service providers (MSPs) globally. Their platform supports digital transformation and growth for small and medium-sized enterprises, serving as an integrated, enterprise-grade operating system that scales with MSP businesses.
On May 21, NABL announced its collaboration with MSPAlliance to help managed service providers (MSPs) meet compliance requirements proactively using MSPAlliance's Cyber Verify program. This initiative allows N-able partners to identify gaps, certify compliance, and offer Compliance-as-a-Service solutions to their customers.
In terms of forward non-GAAP P/E, NABL is trading at 36.77x, which is 54.5% higher than the industry average of 23.79x. The stock's forward EV/EBITDA of 18.59x is 25.9% higher than the industry average of 14.75x. Also, its forward EV/Sales multiple of 6.57 is 124.9% above the industry average of 2.92.
NABL's trailing-12-month gross profit margin of 84.29% is 70.9% higher than the industry average of 49.30%, while its trailing-12-month levered FCF margin of 14.79% is 50.1% higher than the industry average of 9.85%. Also, the stock's 4.36% trailing-12-month ROTC is 62.9% above the industry average of 2.68%.
NABL's revenue for the fiscal first quarter ended March 31, 2024, increased 13.9% year-over-year to $113.75 million. Its gross profit rose 14.2% from the prior year's quarter to $95.45 million, while its non-GAAP operating income grew 22.6% from the year-ago value to $33.21 million. The company's non-GAAP net income and non-GAAP EPS amounted to $19.84 million and $0.11, reflecting an increase of 32.5% and 37.5% year-over-year, respectively.
The consensus EPS estimate of $0.10 for the second quarter (ended June 2024) indicates a 15.5% increase year-over-year. The consensus revenue estimate of $116.83 million for the same quarter reflects a 10.1% improvement from the prior year's period. The company has an excellent earnings surprise history; it surpassed the consensus EPS estimates in each of the trailing four quarters.
Shares of NABL have gained 20.7% over the past month to close the last trading session at $15.23.
NABL's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade in Growth, Stability, and Sentiment. It is ranked #18 out of 79 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry.
<a href="https://stocknews.com/stock/NABL/">Click here</a> to see the additional ratings for NABL (Value, Momentum, and Quality).
AvePoint, Inc. (<a href="https://stocknews.com/stock/AVPT/">AVPT</a>)
AVPT provides a global cloud-native data management software platform, serving organizations across various regions, including North America, Europe, the Middle East, Africa, and Asia Pacific. The company specializes in software-as-a-service solutions and productivity applications, offering modular and cloud services architecture.
On June 26, the company announced it had won its sixth global Microsoft Partner of the Year Award, this time in the Education category. It was recognized among the top Microsoft partners worldwide for its excellence in innovation and implementation of customer solutions based on Microsoft technology.
In April, AVPT announced new analytics capabilities in its tyGraph solution, specifically for Copilot for Microsoft 365. This enhancement allows organizations to measure and optimize their usage and impact of Copilot, helping them unlock AI investments and improve employee experience.
In terms of forward non-GAAP P/E, AVPT is trading at 62.57x, 162.9% higher than the industry average of 23.79x. The stock's forward EV/Sales of 5.43x is 85.9% higher than the industry average of 2.92x. Also, its forward Price/Cash Flow multiple of 49.62 compares with the 24.12x industry average.
AVPT's trailing-12-month gross profit margin of 72.10% is 46.3% higher than the industry average of 49.30%. Similarly, its trailing-12-month levered FCF margin of 16.39% is 66.3% higher than the industry average of 9.85%.
AVPT's total revenue for the fiscal first quarter that ended March 31, 2024, increased 225.1% from the year-ago value to $74.53 million. Its non-GAAP gross profit for the quarter stood at $55.20 million, up 29.6% year-over-year. The company's non-GAAP operating income amounted to $6.61 million compared to a loss of 329 thousand in the prior year quarter. Also, its net cash inflow from operating activities improved considerably from the year-ago value to $7.77 million.
Street expects AVPT's revenue and EPS for the third quarter ending September 2024 to increase 13.6% and 69.5% year-over-year to $82.68 million and $0.05, respectively. Moreover, the company surpassed the revenue estimates in each of the trailing four quarters, which is remarkable.
Over the past year, the stock has gained 82.2%, closing the last trading session at $10.42.
AVPT's POWR Ratings reflect its positive prospects. The stock has an overall B rating, which equates to a Buy in our proprietary rating system.
AVPT also has a B grade for Growth, Sentiment, and Quality. Within the same Technology – Services industry, it is ranked #14. To see the additional POWR Ratings of AVPT for Value, Momentum, and Stability, <a href="https://stocknews.com/stock/AVPT/">click here</a>.
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<hr />
PSTG shares were trading at $64.99 per share on Monday afternoon, up $0.78 (+1.21%). Year-to-date, PSTG has gained 82.25%, versus a 15.44% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/pstg-nabl-avpt-3-high-pe-tech-stocks-to-watch-for-explosive-growth/>3 High-PE Tech Stocks to Watch for Explosive Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-PE Tech Stocks to Watch for Explosive Growth

With the growing demand for generative AI, surging IT spending, and other technological innovations, the tech industry is positioned for robust growth. Thus, it could be wise to buy fundamentally sound high-growth tech stocks Pure Storage (PSTG), Leidos Holdings (LDOS), and N-able (NABL) during market volatility. Read on... Digital technology is transforming enterprises and their operations with evolving technologies like generative AI. Also, cloud-based software and rising demand for automated business processes are prompting new innovations for efficient operations.
Given the industry's bright prospects, fundamentally sound high-growth tech stocks Pure Storage, Inc. (<a href="https://stocknews.com/stock/PSTG/">PSTG</a>), Leidos Holdings, Inc. (<a href="https://stocknews.com/stock/LDOS/">LDOS</a>), and N-able, Inc. (<a href="https://stocknews.com/stock/NABL/">NABL</a>) could be ideal portfolio additions to defy market volatility.
With the <a href="https://www.mckinsey.com/industries/technology-media-and-telecommunications/our-insights/tech-services-and-generative-ai-plotting-the-necessary-reinvention">rapid emergence of generative AI</a>, enterprises are shifting their focus to leverage its capabilities to streamline or automate some of their IT management services. This also indicate an increase in demand for a wide range of new services, offering significant opportunity for providers.
With this, the emerging market for services relating to gen AI/AI is likely to reach $200 billion by 2029 with tech services providers profitability growing upto 30% in the period.
The rapid growth has also resulted in staggering IT spending. <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">According to Gartner</a>, worldwide IT spending is expected to total $5.06 trillion in 2024, reflecting growth of 8% from the prior year driven by enterprises planning for GenAI initiatives and bringing GenAI capabilities to their existing products and services.
Further, with the growing popularity of cloud-based software and rising concern to automate business processes, the demand for IT services worldwide is rapidly growing. The <a href="https://www.industryarc.com/Research/IT-Services-Market-Research-501180">global IT services market</a> is expected to reach $1.85 trillion by 2031, growing at a CAGR of 9.5%.
Besides, amid growing demand for energy-efficient and compact storage solutions in homes and small offices, together with rising adoption of NVMe in enterprises storage systems, and growing usage of 5g technology, <a href="https://www.marketsandmarkets.com/Market-Reports/next-generation-data-storage-market-12592401.html">the next-generation data storage market</a> is projected to hit $90 billion by 2029, growing at a CAGR of 6.7%.
Considering the encouraging market trends, let's delve deeper into the fundamentals of the three tech stocks: PSTG, LDOS, and NABL.
Pure Storage, Inc. (<a href="https://stocknews.com/stock/PSTG/">PSTG</a>)
PSTG is engaged in the data storage and management technologies, products, and services internationally. Its Purity software is shared across its products and provides enterprise-class data services. The company also offers FlashArray integrated hardware systems, including FlashArray//X, FlashArray//C, FlashArray//XL, FlashArray//E, and FlashArray File Services.
PSTG's revenue has grown at CAGR of 19.3% over the past three years. The company's tangible book value has increased 51.2% over the same timeframe, while its total assets and <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered free cash flow</a> have improved at CAGRs of 10.3% and 57%, respectively.
On June 5, PSTG announced a strategic investment in LandingAI, the leading visual AI company, to advance vision AI technology. This collaboration aims to integrate PSTG's data storage platform with LandingAI's Large Vision Model (LVM) solutions, enhancing enterprises' AI capabilities and lead to significant AI/ML advancements for the customers.
For the first quarter that ended May 5, 2024, PSTG's total revenue increased 17.7% year-over-year to $693.48 million. Its non-GAAP gross profit grew 20.4% from the year-ago value to $512.16 million. The company's non-GAAP net income of $107.30 million and $0.32 per share, indicates increases of 334.7% and 300% from the prior year's quarter, respectively.
Also, the company's non-GAAP free cash flow stood at $172.68 million, up 41.7% year-over-year.
According to the company's guidance, PSTG expects revenue of $755 million and non-GAAP operating income of $125 million for the second quarter of fiscal 2025.
Also, for the fiscal full year 2025, the company expects revenue of $3.10 billion with revenue year-over-year growth rate of 10.5%. Its non-GAAP operating income is expected to be $532 million.
Analysts expect PSTG's revenue and EPS for the second quarter (ending July 2024) to increase 9.8% and 8.2% year-over-year to $756.09 million and $0.37, respectively. Also, the company has surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Over the past six months, PSTG's stock has gained 80.7% and 69.6% over the past year to close the last trading session at $62.94.
PSTG's bright outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a 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 an A grade for Growth and Quality. Within the A-rated <a href="https://stocknews.com/category/technology-storage/">Technology - Storage</a> industry, PSTG has topped among the stocks.
<a href="https://stocknews.com/stock/PSTG/">Click here</a> to access additional ratings of PSTG (Value, Sentiment, Stability, and Momentum).
Leidos Holdings, Inc. (<a href="https://stocknews.com/stock/LDOS/">LDOS</a>)
LDOS offers services and solutions in the defense, intelligence, civil, and health markets internationally. The company operates through Defense Solutions; Civil; and Health segments.
LDOS' revenue and EBITDA have grown at respective CAGRs of 7.3% and 7.1% over the past three years. The company's EBIT has increased 8.2% over the same timeframe, while its normalized net income and levered free cash flow have improved at CAGRs of 9.2% and 14.1%, respectively.
On June 13, LDOS was awarded a $738 million follow-on contract to provide enterprise information technology and telecommunications support, including cybersecurity, to Headquarters Air Force, Headquarters Space Force, Air Force District of Washington, and other Department of the Air Force activities and missions in the national capital region.
On May 7, LDOS secured a $631 million award from the U.S. Army Contracting Command to support the army's DIABLO program. The contract positioned LDOS as a leading mission equipment provider to the Army for the next 10 years.
Also, on May 1, LDOS was awarded a contract by the National Geospatial-Intelligence Agency's Exploitation Services Program to sustain and modernize geospatial processing for increased efficiency and interoperability. The award referred to as Maru, has a ceiling value of $206 million, if all task orders are exercised over a five-year period of performance.
For the first quarter that ended March 29, 2024, LDOS' revenues increased 7.5% year-over-year to $3.97 billion. Its operating income rose 56.6% year-over-year to $415 million. Non-GAAP net income and EPS attributable to Leidos common stockholders came in at $314 million and $2.29, up 54.7% and 55.8% over the prior year's quarter.
Furthermore, the company's non-GAAP EBITDA increased 41.6% from the year-ago value to $490 million.
Analysts expect LDOS' revenue for the second quarter (ended June 2024) to increase 5.6% year-over-year to $4.05 billion, and its EPS for the same period is expected to grow 24.5% year-over-year to $2.24. Moreover, the company topped the consensus EPS and revenue estimates in each of the trailing four quarters, which is impressive.
The stock has surged 35.1% over the past six months and 65% over the past year to close the last trading session at $145.73.
LDOS' POWR Ratings reflect its bright prospects. The stock has an overall grade of A, translating to a Strong Buy in our proprietary rating system.
LDOS has an A grade for Sentiment. It also has a B grade for Stability, Growth, and Momentum. It has topped among the 79 stocks within the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry.
To see the other ratings of LDOS for Quality and Value, <a href="https://stocknews.com/stock/LDOS/">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 globally. Their platform supports digital transformation and growth for small and medium-sized enterprises, serving as an integrated, enterprise-grade operating system that scales with MSP businesses.
NABL's revenue and EBITDA have grown at respective CAGRs of 11.7% and 13.5% over the past three years. The company's EBIT has increased 28.9% over the same timeframe, while its normalized net income and total assets have improved at CAGRs of 94.4% and 2.5%, respectively.
On May 21, NABL collaborated with MSPAlliance to help equip managed service providers (MSPs) to meet compliance requirements proactively using MSPAlliance's Cyber Verify program. Through the collaboration, NABL partners can quickly identify gaps, certify alignment with compliance requirements, and offer compliance-as-a-service solutions to customers.
During the first quarter that ended on March 31, 2024, NABL's subscription and other revenue increased 13.9% year-over-year to $113.75 million while its gross profit rose 14.2% from the year-ago value to $95.45 million. The company's non-GAAP operating income of $33.21 million indicates growth of 22.6% from the prior year's quarter.
In addition, the company's non-GAAP net income and EPS came in at $19.84 million and $0.11, up 32.5% and 37.5% year-over-year, respectively.
Street expects NABL's EPS for the second quarter (ended June 2024) to increase 15.5% year-over-year to $0.10. Its revenue is expected to grow 10.1% year-over-year to $116.83 million for the same quarter. Furthermore, the company surpassed the consensus revenue and EPS estimates in all of the trailing four quarters.
Shares of NABL have gained 10.3% over the past month and 14.2% over the past six months to close the last trading session at $14.84.
NABL's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
NABL has a B grade for Stability, Sentiment and Growth. It is ranked #16 among 79 stocks in the Technology - Services industry.
In addition to the POWR Ratings we've stated above, we also have NABL's ratings for Value, Momentum, and Quality. Get all NABL ratings <a href="https://stocknews.com/stock/NABL/">here</a>.
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PSTG shares were trading at $63.69 per share on Wednesday afternoon, up $0.92 (+1.47%). Year-to-date, PSTG has gained 78.60%, versus a 16.76% 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/pstg-ldos-nabl-3-high-growth-tech-stocks-defying-market-volatility/>3 High-Growth Tech Stocks Defying Market Volatility</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Growth Tech Stocks Defying Market Volatility

N-able Non-GAAP EPS of $0.14 beats by $0.04, revenue of $119.4M beats by $2.56M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
N-able (NYSE:<a href="https://investorplace.com/stock-quotes/nabl-stock-quote/">NABL</a>) just reported results for the second quarter of 2024.<ul><li>N-able reported earnings per share of 14 cents. This was above the analyst estimate for EPS of 10 cents.</li><li>The company reported revenue of $119.45 million.</li><li>This was 2.24% better than the analyst estimate for revenue of $116.83 million.</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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NABL Stock Earnings: N-able Beats EPS, Beats Revenue for Q2 2024

Analyst Mike Cikos of Needham maintained a Buy rating on N-able (NABL – Research Report), retaining the price target of $16.50. Mike Cikos has give...

N-able's Strategic Shift to Annual Commitments Justifies Buy Rating Despite Short-Term Growth Suppression

N-able, Inc. (NABL) Q2 2024 Earnings Call Transcript

N-able: Waiting For Near-Term Headwinds To Be Over

As tech stocks continue to gain momentum, many investors are eyeing opportunities in the sector, especially after the Fed's recent rate cut. If you're looking to capitalize on this trend, budget-friendly stocks like Hewlett Packard Enterprise (HPE), UiPath (PATH), and N-able (NABL), all trading under $20, could offer significant upside potential. Learn more… Tech stocks have seen a surge in investor interest, especially following the Federal Reserve's recent decision to lower its benchmark interest rate for the first time since 2020. With the tech-heavy Nasdaq up 20% this year, the sector is clearly benefiting from this shift.
Thus, investors looking to tap into this momentum could consider scooping up shares of Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>), UiPath Inc. (<a href="https://stocknews.com/stock/PATH/">PATH</a>), and N-able, Inc. (<a href="https://stocknews.com/stock/NABL/">NABL</a>), which are trading under $20 with strong upside potential.
Historically, tech stocks have thrived in low-interest environment rates, and the Fed's recent <a href="https://www.cnbc.com/2024/09/18/fed-cuts-rates-september-2024-.html">50 basis-point cut</a> could further fuel a bullish trend. Lower rates enhance the value of future cash flows, leading to higher company valuations and increased investor confidence. As a result, tech companies may seize this moment to raise capital, pursue mergers and acquisitions, or even explore IPOs.
Moreover, the tech sector's growth shows no sign of slowing down, largely due to its ability to innovate and transform industries. From cloud computing to artificial intelligence, these companies are driving global technological advancements.
The global information technology market is projected to be $26.93 trillion by 2032, growing at a <a href="https://businessresearchinsights.com/market-reports/information-technology-it-market-108885">CAGR of 11%</a>. Meanwhile, Gartner Inc. (<a href="https://stocknews.com/stock/IT/">IT</a>) forecasts that worldwide IT spending will increase by 8% this year, <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">hitting $5.06 trillion</a>. This steady stream of investment reflects the tech industry's vital role in the future of the global economy.
For investors, these under-$20 tech stocks represent an opportunity to tap into a sector that is poised for long-term growth. Let's look at the fundamental aspects of the featured stocks in detail:
Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>)
HPE is a global technology company that provides solutions that allow customers to capture, analyze, and act upon data seamlessly. It operates through six segments: Compute; HPC &amp; AI; Storage; Intelligent Edge; Financial Services; and Corporate Investments and Other.
On August 15, HPE announced its acquisition of Morpheus Data, a pioneer in software for hybrid cloud management and platform operations. This acquisition will enable HPE to unify complete hybrid capabilities on a single platform. It will also enhance it by providing multi-vendor, multicloud application provisioning, orchestration, automation, and FinOps capabilities for cloud cost optimization.
In terms of forward non-GAAP P/E, HPE is trading at 9.62x, 60.3% lower than the industry average of 24.23x. Likewise, the stock's forward EV/EBIT and Price/Cash flow multiples of 10.68 and 6.29 are 46.7% and 71.4% lower than their respective industry averages of 20.02 and 21.99.
In the fiscal 2024 third quarter that ended on July 31, HPE's net revenue increased 10.1% year-over-year to $7.71 billion. The company reported non-GAAP earnings from operations of $771 million, indicating a 7.4% growth from the prior year quarter with a margin of 10%.
HPE's non-GAAP net earnings came in at $661 million, up 3.4% year-over-year, while its non-GAAP net <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> grew 2% from the year-ago value to $0.50.
According to the fiscal 2024 outlook, HPE anticipates revenue growth to range from 1% to 3%. The company forecasts GAAP operating profit to range between 2%-6% and its non-GAAP operating profit to be 2%. The non-GAAP EPS is projected to be between $1.92 to $1.97 per share.
Street expects HPE's revenue for the fiscal fourth quarter (ending October 2024) to increase 12.4% year-over-year to $8.26 billion. Its EPS for the same period is expected to register a 7.1% growth from the prior year, settling at $0.56. In addition, it surpassed the EPS estimates in each of the trailing four quarters, which is promising.
Over the past six months, the stock has surged 12.3%, closing the last trading session at $18.85.
Out of 10 analysts that rated HPE, three rated it Buy, while seven rated it Hold. The 12-month median price target of $20.78 indicates <a href="https://www.tipranks.com/stocks/hpe/forecast">a 10.2% upside potential</a> from the last closing price. The price targets range from a low of $18 to a high of $24.
HPE's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
HPE has an A grade for Value and a B for Sentiment. It is ranked #8 out of 45 stocks in the <a href="https://stocknews.com/category/technology-communication-networking/">Technology - Communication/Networking</a> industry. <a href="https://stocknews.com/stock/HPE/">Click here</a> to see the additional ratings for HPE (Growth, Momentum, Stability, and Quality).
UiPath Inc. (<a href="https://stocknews.com/stock/PATH/">PATH</a>)
PATH is an enterprise automation and artificial intelligence (AI) software company that provides an end-to-end automation platform that offers a variety of international robotic process automation (RPA) solutions.
On July 2, PATH launched new features on its platform, which infuse GenAI deeply into the UiPath Business Automation Platform&#x2122; to help businesses achieve greater outcomes with AI and automation. These several new features facilitate developers and organizations to build better, faster, and more comprehensive automation.
In terms of forward non-GAAP PEG, PATH is trading at 0.95x, 50.2% lower than the industry average of 1.91x. Likewise, the stock's forward Price/Book and Price/Cash Flow multiples of 3.64 and 21.54 are 15.5% and 2.1% lower than the industry averages of 4.31x and 21.99x, respectively.
PATH's revenues for the second quarter (ended July 31, 2024) increased 10.1% year-over-year to $316.25 million. It reported a non-GAAP gross profit of $263.19 million, indicating a 6.6% growth from the prior-year quarter, while its non-GAAP net income for the quarter stood at $23.76 million or $0.04 per share. Also, the company's non-GAAP adjusted free cash flow increased 25.6% year-over-year, amounting to $149.78 million.
As per the financial outlook for the fiscal year 2025, PATH forecasts revenue to be between $1.42 billion and $1.43 billion. The company also expects a non-GAAP operating income of approximately $170 million.
Analysts expect PATH's revenue and EPS for the current year (ending January 2025) to be $1.42 billion and $0.40, respectively. For the fiscal year 2026, both its revenue and EPS are expected to grow by 11.5% and 10.5% from the prior year to $1.58 billion and $0.44, respectively.
The stock has gained 10.6% over the past three months to close the last trading session at $12.45. Its 12-month price target of $15.67 reflects a <a href="https://www.tipranks.com/stocks/path/forecast">25.9% potential upside</a>.
PATH's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
PATH has a B grade for Growth and Quality. It is ranked #8 out of 18 stocks in the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry. <a href="https://stocknews.com/stock/PATH/">Click here</a> to access the other ratings of PATH for Value, Momentum, Stability and Sentiment.
N-able, Inc. (<a href="https://stocknews.com/stock/NABL/">NABL</a>)
NABL provides cloud-based software solutions for managed service providers (MSPs) worldwide, facilitating their support of digital transformation and growth for small and medium-sized enterprises (SMEs).
On September 11, NABL partnered with Infinigate Cloud to expand its cloud solutions marketplace in European countries. This collaboration aims to provide managed service providers (MSPs) with an easy-to-use, reliable self-service experience and helps NABL scale its solutions seamlessly.
In terms of trailing-12-month PEG, NABL is trading at 0.62x, which is 26.9% lower than the industry average of 0.85x. The stock's forward Price/Book ratio of 3.19x is 25.9% below the industry average of 4.31x. Also, its forward EV/EBIT multiple of 18.67 compares to the industry average of 20.02.
For the second quarter, which ended on June 30, NABL's revenues increased by 12.6% year-over-year to $119.45 million. Its non-GAAP operating income came in at $39.79 million, up 38.7% year-over-year, with a non-GAAP operating margin of 33.3% (up 620 bps year-over-year). The company's non-GAAP net income came in at $26.65 million and $0.14 per share, up 63.9% and 55.6% year-over-year, respectively.
In addition, the company's unlevered free cash flow increased by 50.2% year-over-year, amounting to $35.45 million. Its adjusted EBITDA grew 34.1% year-over-year, to $46.81 million,
For the full fiscal year 2024, the company expects its total revenue to range between $463 million and $465 million. It also anticipates adjusted EBITDA between $165.50 million and $167.50 million.
The consensus revenue estimate of $114.79 million for the fiscal third quarter (ending September 2024) represents a 6.7% increase year-over-year. The consensus EPS estimate of $0.10 for the same quarter indicates a 9.5% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
NABL shares have surged 3.1% over the past nine months to close the last trading session at $13.01.
Based on 2 Wall Street analysts offering 12-month price targets for NABL in the last three months, the average target price is $16.75, indicating a <a href="https://www.tipranks.com/stocks/nabl/forecast">28.8% potential upside</a> from the last price, with a high forecast of $17 and a low forecast of $16.50.
It's no surprise that NABL has an overall rating of B, which equates to a Buy in our POWR Ratings system. It has an A grade for Sentiment and a B for Growth and Stability. Out of 75 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, NABL is ranked #12.
Beyond what is stated above, we've also rated NABL for Value, Momentum, and Quality. Get all NABL ratings <a href="https://stocknews.com/stock/NABL/">here</a>.
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HPE shares were trading at $18.70 per share on Friday morning, down $0.15 (-0.80%). Year-to-date, HPE has gained 12.40%, versus a 20.29% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/hpe-path-nabl-it-3-tech-stocks-under-20-with-high-upside-potential/>3 Tech Stocks Under $20 With High Upside Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Under $20 With High Upside Potential

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