Latest News for Ricoh Co Stock (OTC:RICOY)

Ricoh Co

Ricoh Co Ltd provides products, services, and solutions in offices and other environments. The company's Imaging and Solutions segment is engaged in office imaging, production printing, and network system solutions. Industrial Products segment manufactures and sales of thermal media, optical equipment, semiconductors, electronic component and the Inkjet head. Its Other segment is engaged in manufacturing and sales of digital cameras, financing business and logistics services provided by the company's subsidiaries. The company's revenue is majorly derived from Japan.

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Stocks That Hit 52-Week Highs On Tuesday

RICOH CO LTD SPN ADR by Ricoh Company Ltd.

Ricoh Co Ltd

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In latest deal, Xerox Corporation (<a class="ticker" href="/stock/xrx#">XRX</a>) is outsourcing its global engineering business to Indian software company HCL Technologies Ltd. (532281). In 2009, HCL Technologies, engaged in providing a range of software services, business process outsourcing and infrastructure services, received a 6 year contract woth more then $100 million to manage Xerox's data centers in Europe and in North America.
<a href="http://ceoworld.biz/ceo/tag/xrx">Xerox Corporation</a> (<a class="ticker" href="/stock/xrx#">XRX</a>) is trading at a price of $9.97, a dramatic change of -0.14 with % change of -1.38% from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 13.95B. <a href="http://ceoworld.biz/ceo/tag/532281">HCL Technologies Ltd.</a> (532281) is trading at a price of 491.55, a dramatic change of -1.90 with % change of -0.39% from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 337.07B.
Related companies and industry peers-
<img class="alignnone" title="xerox_logo" src="http://ceoworld.biz/ceo/wp-content/uploads/2009/09/new_xerox_logo.jpg" alt="" width="467" height="154" /> 

<a href="http://ceoworld.biz/ceo/tag/ricoy">Ricoh Company Ltd.</a> (<a class="ticker" href="/stock/ricoy#">RICOY</a>) is trading at a price of50.11, a dramatic change of-1.04with % change-2.03%, the company has a Market capitalization (total value of a company in the stock market) of approximately7.47B
<a href="http://ceoworld.biz/ceo/tag/oceny">Oce N.V.</a> (OCENY) is trading at a price of11.5, a dramatic change of0with % change0.00%, the company has a Market capitalization (total value of a company in the stock market) of approximately1.00B
FUJIFILM Hldgs. Corp. (<a class="ticker" href="/stock/fujiy#">FUJIY</a>) is trading at a price of28.17, a dramatic change of-0.3with % change-1.05%, the company has a Market capitalization (total value of a company in the stock market) of approximately14.50B
<a href="http://ceoworld.biz/ceo/tag/caj">Canon Inc.</a> (<a class="ticker" href="/stock/caj#">CAJ</a>) is trading at a price of44.5, a dramatic change of-0.41with % change-0.91%, the company has a Market capitalization (total value of a company in the stock market) of approximately54.67B
Pitney Bowes Inc. (<a class="ticker" href="/stock/pbi#">PBI</a>) is trading at a price of24.32, a dramatic change of-0.31with % change-1.26%, the company has a Market capitalization (total value of a company in the stock market) of approximately4.96B
<a href="http://ceoworld.biz/ceo/tag/chyr">Chyron Corporation</a> (<a class="ticker" href="/stock/chyr#">CHYR</a>) is trading at a price of2.1, a dramatic change of0with % change-0.12%, the company has a Market capitalization (total value of a company in the stock market) of approximately34.03M
Hewlett-Packard Company (<a class="ticker" href="/stock/hpq#">HPQ</a>) is trading at a price of35.81, a dramatic change of-0.17with % change-0.47%, the company has a Market capitalization (total value of a company in the stock market) of approximately77.49B
<a href="http://ceoworld.biz/ceo/tag/xrit">X-Rite, Incorporated</a> (<a class="ticker" href="/stock/xrit#">XRIT</a>) is trading at a price of4.67, a dramatic change of0.08with % change1.74%, the company has a Market capitalization (total value of a company in the stock market) of approximately401.33M
Eastman Kodak Company (<a class="ticker" href="/stock/ek#">EK</a>) is trading at a price of3.64, a dramatic change of-0.06with % change-1.62%, the company has a Market capitalization (total value of a company in the stock market) of approximately979.30M.
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Xerox Corporation and HCL Technologies deal- is it worth?

Prominent action camera company GoPro's (GPRO) recent quarter figures indicate a challenging quarter, requiring an updated go-to-market strategy to drive growth and innovation. Moreover, given the stock's consistent downward price momentum over the past year, let us analyze whether the stock is a buy, sell, or hold now. Keep reading... While the action camera company GoPro, Inc. (<a href="https://stocknews.com/stock/GPRO/">GPRO</a>) offers unique benefits such as high-quality 4k video recording, compact size, and the ability to capture extreme sports activities, it also faces challenges in a competitive landscape where smartphones with advanced camera capabilities are increasingly becoming affordable. Moreover, the present uncertain economic scenario could add to its woes.
In this article, I will discuss the factors that suggest a cautious approach, highlighting the need to wait for a more suitable entry point.
GPRO's first quarter financial results showed a decline in revenue of 19% year-over-year, reaching $174.72 million. While the company boasted a 36% increase in subscriber count, reaching approximately 2.36 million, other figures painted a negative picture. Revenue from the retail channel decreased by 38%, resulting in a net loss of $30 million, or negative $0.19 per share.
Brian McGee, GPRO's CFO, and COO, said, "Our pandemic strategy allowed us to address supply chain and retail channel constraints while driving ASPs, increasing profitability, and rapidly growing our subscriber base to more than two million subscribers."
He further said, "In our post-pandemic world, we are now implementing an updated go-to-market strategy that we believe will result in revenue and earnings growth that we will use to drive innovation and significantly increase share buybacks."
GPRO has declined 35.8% over the past year to close the last trading session at $4.18. It has also tumbled 16.1% year-to-date and 19.2% over the past three months.
Here's what could shape GPRO's performance in the near term:
Deteriorating Financials 
During the fiscal first quarter that ended March 31, 2022, GPRO's revenue declined 19.4% year-over-year to $174.72 million. Its gross profit decreased 42% year-over-year to $52.50 million. Its total operating expenses grew 12.2% from the previous-year quarter to $92.23 million.
Also, the company reported a non-GAAP net loss of $28.58 million, compared to a non-GAAP operating income of $15.20 million in the previous-year quarter. Its non-GAAP net loss per share of $0.18 compares to a non-GAAP net income per share of $0.09 in the year-ago quarter.
Poor Profitability
GPRO's trailing-12-month negative net income margin of 0.64% compares to the industry average of 4.28%. Its trailing-12-month EBIT and EBITDA margins of negative 0.06% and 0,71% compare to the 7.33% and 10.90% industry averages.
Additionally, its trailing-12-month negative ROCE, ROTC, and ROTA of 1.14%, 0.05%, and 0.66% are lower than the industry averages of 10.18%, 6.08%, and 3.64%, respectively.
Mixed Valuations
In terms of forward non-GAAP P/E, GPRO is currently trading at 29.88x, which is 108.4% higher than the industry average of 14.34. Its forward EV/EBITDA multiple of 15.68 is 63.42% higher than the industry average of 9.59.
However, GPRO's forward P/B multiple of 1.08 is 58.2% lower than the industry average of 1.08, and its forward <a href="https://www.investopedia.com/terms/e/enterprisevaluesales.asp">EV/Sales</a> of 0.50x is 56.5% lower than the industry average of 1.14x.
Unfavorable Analyst Estimates
Analysts expect GPRO's revenue for the fiscal third quarter ending September 2023 to amount to $315.16 million, indicating a rise of 3.3% from the prior-year quarter. The company's EPS for the same quarter is expected to decline 18.5% year-over-year.
Moreover, its EPS estimate of $0.14 for the fiscal year 2023 indicates a 70.2% decline compared to the previous year. Its revenue is expected to fall 1.3% year-over-year to $1.08 billion in the current year.
POWR Ratings Reflect Neutral Outlook 
GPRO has a rating of C, translating to a Neutral in our proprietary <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings are calculated considering 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. The stock has an F grade for Growth, in sync with its deteriorating financial performance in the previous quarter.
Its D grade in Stability is justified by its 24-month beta of 1.36.
GPRO is ranked #31 among 44 stocks in the C-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry.
<a href="https://stocknews.com/stock/GPRO/">Click here</a> to access GPRO's Momentum, Value, Quality, and Sentiment grades.
Bottom Line 
The stock is currently trading below its 50-day and 200-day moving averages of $4.35 and $5.13, indicating a downtrend.
Moreover, the company witnessed a decline in its revenue stream and reported net losses. Given the high-interest rates and sticky inflation, consumers are scaling back their spending, which could create more challenges for the company.
So, I think it could be wise for investors to exercise caution and wait for a better entry point in the stock.
Stocks to Consider Instead of GoPro, Inc. (GPRO)
Unfortunately, the odds of GPRO outperforming in the weeks and months ahead are significantly compromised. However, many good stocks in the Technology-Hardware industry have impressive POWR Ratings. So, consider these three A-rated (Strong Buy) stocks instead:
Panasonic Holdings Corp. ADR (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>)
Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>)
Canon Inc. ADR (<a href="https://stocknews.com/stock/CAJ/">CAJ</a>)
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GPRO shares were trading at $4.25 per share on Monday morning, up $0.07 (+1.67%). Year-to-date, GPRO has declined -14.66%, versus a 12.99% 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/gpro-pcrfy-ricoy-caj-buy-sell-or-hold-gopro-inc-gpro/>Buy, Sell, or Hold: GoPro Inc. (GPRO)</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Buy, Sell, or Hold: GoPro Inc. (GPRO)

While the tech behemoth Apple (AAPL) has demonstrated impressive market growth and innovation, recent developments and financial indicators paint a more nuanced picture. So, let us analyze if the stock is a buy or a hold for this month... Driven by expansion into new markets and optimistic prospects due to the Federal Reserve's expectations of a restrained approach to interest rate hikes, tech giant Apple Inc. (<a href="https://stocknews.com/stock/AAPL/">AAPL</a>) recently achieved a <a href="https://www.reuters.com/technology/global-markets-apple-2023-07-03/">historic milestone</a> as the first company to attain a market value of $3 trillion.
However, despite AAPL's ongoing efforts to introduce cutting-edge products and services, prevailing economic uncertainty might hamper its performance. Therefore, in this article, we will discuss why it might be best to hold on to this month.
Shares of AAPL have soared 48.1% year-to-date and 53.9% over the past six months to close its last trading session at $192.46. However, the stock fell marginally intraday.
Here is what could shape AAPL's performance in the near term:
Production Setbacks Pose Challenges
On June 5, AAPL introduced Apple Vision Pro&#x2122;, a revolutionary spatial computer that seamlessly blends digital content with the physical world, while allowing users to stay present and connected to others.
Vision Pro creates an infinite canvas for apps that scales beyond the boundaries of a traditional display and introduces a fully three-dimensional user interface controlled by the most natural and intuitive inputs possible, a user's eyes, hands, and voice.
However, AAPL had faced significant setbacks in its production of the Vision Pro augmented-reality headset, leading to <a href="https://www.reuters.com/technology/apple-forced-make-cuts-vision-pro-production-plans-ft-2023-07-03/">substantial reductions</a> in its production forecasts. The design complexities have proved challenging for Apple, according to sources cited by the Financial Times.
Bleak Financials
AAPL's net sales decreased 2.5% year-over-year to $94.84 billion during the second quarter that ended April 1, 2023. Its <a href="https://www.investopedia.com/terms/g/grossmargin.asp">gross margin</a> declined 1.4% from the year-ago quarter to $41.98 billion.
Also, while the company's operating expenses increased 8.6% year-over-year to $13.67 billion, its net income decreased by 3.4% from the prior year's quarter to $24.16 billion.
Mixed Analyst Estimates
Analysts expect AAPL's revenue to decrease by 1.5% year-over-year to $81.75 billion in the current quarter ending June 2023. Its EPS for the current quarter is expected to decline marginally from the previous-year quarter to $1.19.
Additionally, Street expects AAPL's revenue and EPS to grow 6.6% and 10% from the prior year to $410.48 billion and $6.56, respectively, in the fiscal year 2024.
Premium Valuation
In terms of forward non-GAAP P/E, AAPL is trading at 32.25x, which is 37.8% higher than the industry average of 23.40x. Its forward EV/Sales multiple of 7.72% is 158.8% higher than the industry average of 2.98%. In addition, the stock's forward P/B of 50.62x is significantly higher than the industry average of 4.31x.
Robust Profitability
AAPL's trailing-12-month EBIT and EBITDA margins of 29.16% and 32.14% are 601.6% and 289.7% higher than the industry averages of 4.16% and 8.25%.
Additionally, the stock's trailing-12-month ROCE, ROTC, and ROTA of 145.61%, 39.09%, and 28.40% compared to the respective industry averages of 0.09%, 1.63%, and negative 0.05%.
POWR Ratings Show Uncertainty
AAPL has an overall rating of C, equating to a Neutral per our proprietary <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. AAPL's C grade in Stability is justified by its 24-month beta of 1.23.
The stock has an A grade for Quality, consistent with its higher-than-industry profit margins. Also, its D grade in Value is in sync with its elevated valuation multiples.
In the 42-stock <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry, AAPL is ranked #21. Access AAPL's Growth, Momentum, and Sentiment ratings <a href="https://stocknews.com/stock/AAPL/">here</a>.
Bottom Line
AAPL is currently trading above its 50-day moving average and 200-day moving average of $176.61 and $154.57, respectively, indicating an uptrend.
However, while the introduction of the Vision Pro augmented-reality headset garnered excitement, the company has encountered significant setbacks in its production, leading to substantial reductions in its production forecasts.
Moreover, AAPL's financial performance has shown signs of deterioration. With declining net sales and net income, along with increased operating expenses, the company faces challenges in maintaining its growth trajectory.
Hence, waiting for a better entry point in this tech stock could be wise.
How Does Apple Inc. (AAPL) Stack Up Against Its Peers?
While AAPL has an overall POWR Ratings grade of C, equating to Neutral, one could also check out other stocks within the Technology – Hardware industry that are overall A (Strong Buy) rated: Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>), Spirent Communications plc (<a href="https://stocknews.com/stock/SPMYY/">SPMYY</a>), and Ricoh Company, Ltd (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>).
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<hr />
AAPL shares were unchanged in premarket trading Tuesday. Year-to-date, AAPL has gained 48.56%, versus a 16.92% 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-pcrfy-spmyy-ricoy-is-apple-aapl-a-buy-or-hold-for-july/>Is Apple (AAPL) a Buy or Hold for July?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Apple (AAPL) a Buy or Hold for July?

After a challenging 2022, the technology sector has experienced a significant rebound in the first two quarters of 2023. Given the solid prospects of the industry, fundamentally strong tech stocks Panasonic Holdings (PCRFY), Ricoh (RICOY), and Spirent (SPMYY), which are rated an A (Strong Buy) in our proprietary rating system, might be solid buys this month. Read on... While the technology sector experienced a challenging period in 2022, the first quarter of 2023 marked a turnaround, with tech making a remarkable recovery. The second quarter witnessed an even more impressive surge, largely fueled by the immense hype and increased demand for all things related to artificial intelligence.
As a result, the sector has emerged as a <a href="https://www.morningstar.com/stocks/technology-stock-outlook-after-taking-hits-2022-tech-hits-some-new-highs-2023">top performer</a> compared to the overall market performance over the past 12 months.
Therefore, I think quality tech stocks Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>), Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>), and Spirent Communications plc (<a href="https://stocknews.com/stock/SPMYY/">SPMYY</a>), which are rated an A (Strong Buy) in our proprietary rating system, could be ideal buys this month to capitalize on the industry tailwinds. These companies also pay stable dividends and exhibit robust profit margins.
The computer hardware market is poised to benefit significantly from the accelerated growth in investments in smart city projects worldwide. Moreover, as governments and municipalities prioritize the development of smart cities, the demand for computer hardware solutions is anticipated to experience substantial growth.
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.
In addition, the growing demand for high-speed data connectivity for unified Internet of Things (IoT) applications, such as smart home energy management, is estimated to propel the adoption of technological services.
Furthermore, the rapid growth of emerging technologies, such as the Internet of Things (IoT) and blockchain, presents new opportunities for IT service providers. These technologies require specialized knowledge and expertise for successful implementation and integration into existing systems.
As a result, revenue in the IT service market is expected to grow at a <a href="https://www.statista.com/outlook/tmo/it-services/united-states">CAGR of 6.3%,</a> resulting in a market volume of $561 billion by 2027.
Take a look at the above-mentioned stocks in detail:
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: Appliances; Life Solutions; Connected Solutions; Automotive; and Industrial Solutions. Its main product offerings include automotive-use batteries, refrigerators, and industrial motors and sensors.
PCRFY's trailing-12-month CAPEX/Sales of 3.45% is 8% higher than the industry average of 3.20%. Its trailing-12-month cash from operations of $3.92 billion is significantly higher than the industry average of $195.08 million.
On April 15, PCRFY announced firmware update programs for the HC-X2, HC-X20, HC-X2000, and HC-X1500 camcorders.
Version updates will support background recording and super slow-motion recording in the MP4 file format, which until now has been limited to MOV. In addition, the updates will enable the use of face detection/tracking AE&amp;AF function when shooting in manual mode. For every model, the user will be able to assign a button to an additional seven functions.
The company pays an annual dividend of $0.22, which translates to a yield of 1.74% on the prevailing price level. Its four-year average yield is 2.92%.
During the fiscal year that ended March 31, 2023, PCRFY's sales increased 113% year-over-year to ¥8.38 trillion ($58 billion). Its <a href="https://www.investopedia.com/terms/o/operating_profit.asp">operating profit</a> rose 81% from the same quarter last year to ¥288.60 billion ($2 billion).
Moreover, the company's net profit grew 104% from the year-ago quarter to ¥265.50 billion ($1.84 billion), and EPS grew 4% year-over-year to ¥113.72.
Analysts expect PCRFY's EPS to rise 39.5% year-over-year to $0.21 in the fiscal first quarter ending June 2023. Its revenue is expected to be $13.88 billion in the current quarter. Also, it has surpassed its revenue estimates in each of the four trailing quarters, which is impressive.
PCRFY has gained 72.7% over the past nine months to close the last trading session at $12.40. The stock has soared 48.5% year-to-date.
PCRFY'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.
PCRFY has a B grade for Value, Stability, and Sentiment. Within the 42-stock <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry, the stock is ranked first.
<a href="https://stocknews.com/stock/PCRFY/">Click here</a> for the additional POWR Ratings for Growth, Momentum, and Quality for PCRFY.
Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>)
Headquartered in Tokyo, Japan, RICOY provides various office and commercial printing solutions and related solutions worldwide. It operates through Digital services; Digital Products; Graphic Communications; and Industrial Solutions segments.
RICOY's trailing-12-month ROCE of 5.93% is significantly higher than the 0.09% industry average. Its trailing-12-month ROTC of 3.80% is 132.8% higher than the 1.63% industry average.
While RICOY's four-year average dividend yield is 2.55%, the company pays an annual dividend of $0.24, translating to a dividend yield of 2.78%. Also, it has grown its dividend payout at a CAGR of 3.7% over the past five years.
RICOY's sales increased 21.3% year-over-year to ¥2.13 trillion ($14.74 billion) in the fiscal year ended March 31, 2023. Also, its operating income rose 96.6% year-over-year to ¥78.74 billion ($544.98 million). Its profit and EPS came in at ¥54.37 billion ($380.46 million) and ¥88.10, up 79% and 94.3% year-over-year.
Street expects RICOY's revenue to increase 2.8% year-over-year to $3.53 billion in the fiscal first quarter ending June 2023. The company has surpassed consensus revenue estimates in each of the trailing four quarters.
The stock has gained 12.7% year-to-date and 13.3% over the past three months to close its last trading session at $8.54.
It's no surprise that RICOY has an overall A rating, equating to a Strong Buy in our POWR Ratings system.
It has a B grade for Growth, Value, Stability, and Quality. The stock is ranked #3 in the same industry.
Beyond what is stated above, we've also rated RICOY for Sentiment and Momentum. Get all RICOY ratings <a href="https://stocknews.com/stock/RICOY/">here</a>.
Spirent Communications plc (<a href="https://stocknews.com/stock/SPMYY/">SPMYY</a>) 
Headquartered in Crawley, the United Kingdom, SPMYY offers automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates in Lifecycle Service Assurance and Networks &amp; Security segments.
SPMYY's trailing-12-month EBITDA and net income margins of 21.96% and 16.44% are 166.2% and 860.3% higher than the industry averages of 8.25% and 1.71%.
On June 29, SPMYY announced that Indonesia's new Telecommunication Equipment Testing Center (BBPPT) had selected it to conduct high-speed Ethernet network equipment and electromagnetic compatibility (EMC) testing. Utilizing Spirent TestCenter enables labs to facilitate advanced testing features that include high scalability, automation, and real-time reporting for complex network systems.
On June 27, SPMYY announced the availability of an industry-first 400G probe for next-generation network testing and monitoring. The company offers the only network assurance solution that provides such highly dense capacity for emulation, activation testing, and performance monitoring of 400G network traffic.
The company pays an annual dividend of $0.42, which translates to a 4.90% yield on the current share price. Its four-year dividend yield is 2.49%.
In the fiscal year that ended December 31, 2022, SPMYY's adjusted revenues increased 5.5% year-over-year to $607.50 million. Its adjusted operating profit rose 9.3% year-over-year to $129.5 million. Its adjusted profit and EPS grew 13.5% and 14% year-over-year to $114.5 million and $18.75.
SPMYY's revenue is expected to increase marginally year-over-year to $597.82 million for the fiscal year 2023.
The stock has declined 5% over the past three months to close the last trading session at $8.49.
SPMYY's POWR Ratings reflect its 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 Stability and Quality and a B for Value. It is ranked #2 in the same industry.
To see additional SPMYY's ratings for Sentiment, Momentum, and Growth, click <a href="https://stocknews.com/stock/SPMYY/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
PCRFY shares were unchanged in premarket trading Wednesday. Year-to-date, PCRFY has gained 49.86%, versus a 16.92% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/pcrfy-ricoy-spmyy-grab-these-3-tech-stocks-for-a-profitable-july/>Grab These 3 Tech Stocks for a Profitable July</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Grab These 3 Tech Stocks for a Profitable July

After a challenging 2022, the technology sector has experienced a significant rebound in the first two quarters of 2023. Given the solid prospects of the industry, fundamentally strong tech stocks Panasonic Holdings (PCRFY), Ricoh (RICOY), and Spirent (SPMYY), which are rated an A (Strong Buy) in our proprietary rating system, might be solid buys this month. Read on... While the technology sector experienced a challenging period in 2022, the first quarter of 2023 marked a turnaround, with tech making a remarkable recovery. The second quarter witnessed an even more impressive surge, largely fueled by the immense hype and increased demand for all things related to artificial intelligence.
As a result, the sector has emerged as a <a href="https://www.morningstar.com/stocks/technology-stock-outlook-after-taking-hits-2022-tech-hits-some-new-highs-2023">top performer</a> compared to the overall market performance over the past 12 months.
Therefore, I think quality tech stocks Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>), Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>), and Spirent Communications plc (<a href="https://stocknews.com/stock/SPMYY/">SPMYY</a>), which are rated an A (Strong Buy) in our proprietary rating system, could be ideal buys this month to capitalize on the industry tailwinds. These companies also pay stable dividends and exhibit robust profit margins.
The computer hardware market is poised to benefit significantly from the accelerated growth in investments in smart city projects worldwide. Moreover, as governments and municipalities prioritize the development of smart cities, the demand for computer hardware solutions is anticipated to experience substantial growth.
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.
In addition, the growing demand for high-speed data connectivity for unified Internet of Things (IoT) applications, such as smart home energy management, is estimated to propel the adoption of technological services.
Furthermore, the rapid growth of emerging technologies, such as the Internet of Things (IoT) and blockchain, presents new opportunities for IT service providers. These technologies require specialized knowledge and expertise for successful implementation and integration into existing systems.
As a result, revenue in the IT service market is expected to grow at a <a href="https://www.statista.com/outlook/tmo/it-services/united-states">CAGR of 6.3%,</a> resulting in a market volume of $561 billion by 2027.
Take a look at the above-mentioned stocks in detail:
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: Appliances; Life Solutions; Connected Solutions; Automotive; and Industrial Solutions. Its main product offerings include automotive-use batteries, refrigerators, and industrial motors and sensors.
PCRFY's trailing-12-month CAPEX/Sales of 3.45% is 8% higher than the industry average of 3.20%. Its trailing-12-month cash from operations of $3.92 billion is significantly higher than the industry average of $195.08 million.
On April 15, PCRFY announced firmware update programs for the HC-X2, HC-X20, HC-X2000, and HC-X1500 camcorders.
Version updates will support background recording and super slow-motion recording in the MP4 file format, which until now has been limited to MOV. In addition, the updates will enable the use of face detection/tracking AE&amp;AF function when shooting in manual mode. For every model, the user will be able to assign a button to an additional seven functions.
The company pays an annual dividend of $0.22, which translates to a yield of 1.74% on the prevailing price level. Its four-year average yield is 2.92%.
During the fiscal year that ended March 31, 2023, PCRFY's sales increased 113% year-over-year to ¥8.38 trillion ($58 billion). Its <a href="https://www.investopedia.com/terms/o/operating_profit.asp">operating profit</a> rose 81% from the same quarter last year to ¥288.60 billion ($2 billion).
Moreover, the company's net profit grew 104% from the year-ago quarter to ¥265.50 billion ($1.84 billion), and EPS grew 4% year-over-year to ¥113.72.
Analysts expect PCRFY's EPS to rise 39.5% year-over-year to $0.21 in the fiscal first quarter ending June 2023. Its revenue is expected to be $13.88 billion in the current quarter. Also, it has surpassed its revenue estimates in each of the four trailing quarters, which is impressive.
PCRFY has gained 72.7% over the past nine months to close the last trading session at $12.40. The stock has soared 48.5% year-to-date.
PCRFY'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.
PCRFY has a B grade for Value, Stability, and Sentiment. Within the 42-stock <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry, the stock is ranked first.
<a href="https://stocknews.com/stock/PCRFY/">Click here</a> for the additional POWR Ratings for Growth, Momentum, and Quality for PCRFY.
Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>)
Headquartered in Tokyo, Japan, RICOY provides various office and commercial printing solutions and related solutions worldwide. It operates through Digital services; Digital Products; Graphic Communications; and Industrial Solutions segments.
RICOY's trailing-12-month ROCE of 5.93% is significantly higher than the 0.09% industry average. Its trailing-12-month ROTC of 3.80% is 132.8% higher than the 1.63% industry average.
While RICOY's four-year average dividend yield is 2.55%, the company pays an annual dividend of $0.24, translating to a dividend yield of 2.78%. Also, it has grown its dividend payout at a CAGR of 3.7% over the past five years.
RICOY's sales increased 21.3% year-over-year to ¥2.13 trillion ($14.74 billion) in the fiscal year ended March 31, 2023. Also, its operating income rose 96.6% year-over-year to ¥78.74 billion ($544.98 million). Its profit and EPS came in at ¥54.37 billion ($380.46 million) and ¥88.10, up 79% and 94.3% year-over-year.
Street expects RICOY's revenue to increase 2.8% year-over-year to $3.53 billion in the fiscal first quarter ending June 2023. The company has surpassed consensus revenue estimates in each of the trailing four quarters.
The stock has gained 12.7% year-to-date and 13.3% over the past three months to close its last trading session at $8.54.
It's no surprise that RICOY has an overall A rating, equating to a Strong Buy in our POWR Ratings system.
It has a B grade for Growth, Value, Stability, and Quality. The stock is ranked #3 in the same industry.
Beyond what is stated above, we've also rated RICOY for Sentiment and Momentum. Get all RICOY ratings <a href="https://stocknews.com/stock/RICOY/">here</a>.
Spirent Communications plc (<a href="https://stocknews.com/stock/SPMYY/">SPMYY</a>) 
Headquartered in Crawley, the United Kingdom, SPMYY offers automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates in Lifecycle Service Assurance and Networks &amp; Security segments.
SPMYY's trailing-12-month EBITDA and net income margins of 21.96% and 16.44% are 166.2% and 860.3% higher than the industry averages of 8.25% and 1.71%.
On June 29, SPMYY announced that Indonesia's new Telecommunication Equipment Testing Center (BBPPT) had selected it to conduct high-speed Ethernet network equipment and electromagnetic compatibility (EMC) testing. Utilizing Spirent TestCenter enables labs to facilitate advanced testing features that include high scalability, automation, and real-time reporting for complex network systems.
On June 27, SPMYY announced the availability of an industry-first 400G probe for next-generation network testing and monitoring. The company offers the only network assurance solution that provides such highly dense capacity for emulation, activation testing, and performance monitoring of 400G network traffic.
The company pays an annual dividend of $0.42, which translates to a 4.90% yield on the current share price. Its four-year dividend yield is 2.49%.
In the fiscal year that ended December 31, 2022, SPMYY's adjusted revenues increased 5.5% year-over-year to $607.50 million. Its adjusted operating profit rose 9.3% year-over-year to $129.5 million. Its adjusted profit and EPS grew 13.5% and 14% year-over-year to $114.5 million and $18.75.
SPMYY's revenue is expected to increase marginally year-over-year to $597.82 million for the fiscal year 2023.
The stock has declined 5% over the past three months to close the last trading session at $8.49.
SPMYY's POWR Ratings reflect its 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 Stability and Quality and a B for Value. It is ranked #2 in the same industry.
To see additional SPMYY's ratings for Sentiment, Momentum, and Growth, click <a href="https://stocknews.com/stock/SPMYY/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
PCRFY shares were unchanged in premarket trading Wednesday. Year-to-date, PCRFY has gained 49.86%, versus a 16.92% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/pcrfy-ricoy-spmyy-grab-these-3-tech-stocks-for-a-profitable-july/>Buy These 3 Tech Stocks for a Profitable July</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Buy These 3 Tech Stocks for a Profitable July

With the growing demand for hardware in enterprises amid rapid digitization, the tech industry is poised to witness solid long-term growth. Hence, fundamentally strong stocks Panasonic Holdings (PCRFY), Ricoh Company (RICOY), and Spirent Communications (SPMYY) might be worth buying and holding in the future. Keep reading... The increasing need for centralized access systems and expanding digital economy are expected to drive growth in the tech industry. As the industry shows solid potential, quality tech stocks Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>), Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>), and Spirent Communications plc (<a href="https://stocknews.com/stock/SPMYY/">SPMYY</a>)  might be solid buys now to capitalize on the industry's tailwinds. These companies also pay stable dividends.
As digital technologies have risen to prominence, the IT sector has witnessed remarkable growth in recent years. In addition, the Bring Your Device Policy (BYOD) and the increasing need for centralized access systems are expected to help keep the demand for servers high during the forecast period.
The global IT hardware market is expected to grow by registering a <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market">CAGR of 6.1%</a> until 2027.
Moreover, digital data's growing importance and usefulness are driving the global hardware storage market. Also, rising consumer demand for devices to store their pictures and other data, smartphone penetration, and an increase in sales of consumer electronics are expected to drive growth. Aided by the expanding digital economy, the market is expected to grow further until 2028, growing at a <a href="https://www.expertmarketresearch.com/reports/hardware-storage-market">CAGR of 13%</a>.
In addition, modern GPUs are very efficient at manipulating computer graphics and image processing, and their highly parallel structure makes them more efficient than general-purpose CPUs for algorithms where the processing of large blocks of data is done in parallel.
As of 2023, the global Graphic Processing Unit market is estimated at $22.22 billion, and is anticipated to reach $40.10 billion in 2028, at a <a href="https://www.marketwatch.com/press-release/latest-2023-graphic-processing-unit-gpu-market-type-forecast-by-2030-with-127-pages-2023-05-09">CAGR of 10.3%</a>.
Let's discuss the stocks mentioned above in detail:
Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>)
Headquartered in Kadoma, Japan, PCRFY research, develops, manufactures, sells, and services various electrical and electronic products worldwide. It operates through five segments: Lifestyle; Automotive; Connect; Industry; and Energy.
On July 5, 2023, PCRFY announced the upcoming release of the Ver.2.3 firmware update program for the LUMIX GH6 to offer a more flexible workflow.
PCRFY's trailing-12-month CAPEX/Sales of 3.45% is 7.9% higher than the 3.20% industry average. Its trailing-12-month asset turnover ratio of 1.04x is 3.8% higher than the 1x industry average.
PCRFY pays $0.22 annually as dividends which translates to a yield of 1.81% at the current price. Its four-year average dividend yield is 2.90%.
PCRFY's net sales increased 13.4% year-over-year to YEN8.38 trillion ($60.24 billion) in the fiscal year, which ended March 31, 2023. Its net profit rose 5.7% year-over-year to YEN280.56 billion ($2.02 billion), and <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> increased 8.6% year-over-year to YEN2.26 trillion ($16.26 billion).
PCRFY's revenue is expected to be $13.88 billion for the fiscal first quarter ended June 2023. The company's EPS for the same quarter is expected to increase 39.5% year-over-year to $0.21. Moreover, PCRFY topped consensus revenue estimates in each of the trailing four quarters, which is impressive.
The stock has gained 71.4% over the past nine months to close the last trading session at $11.96.
PCRFY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. 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, with each factor weighted to an optimal degree.
PCRFY also has an A grade for Value and a B for Sentiment and Stability. It is ranked first out of 43 stocks in the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry.
To access additional ratings for PCRFY's Growth, Quality, and Momentum, <a href="https://stocknews.com/stock/PCRFY/">click here</a>.
Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>)
Based in Tokyo, Japan, RICOY provides various office and commercial printing solutions and related solutions worldwide. It operates through Digital services; Digital Products; Graphic Communications; and Industrial Solutions segments.
On May 30, RICOY unveiled a new brand reflecting the company's recent transformative efforts to evolve its business, expand its product portfolio, and enhance its go-to-market strategy.
RICOY pays $0.24 annually as dividends which translates to a yield of 2.79% at the current price. Its four-year average dividend yield is 2.55%.
RICOY's trailing-12-month net income margin of 2.55% is 48.8% higher than the 1.71% industry average. Its trailing-12-month asset turnover ratio of 1.07x is 75.5% higher than the 0.61x industry average.
During the fiscal year that ended March 31, 2023, RICOY's sales increased 21.4% year-over-year to ¥2.13 trillion ($15.34 billion). Profit attributable to owners of the parent increased 79% year-over-year to ¥54.30 billion ($3.90 million), while its earnings per share attributable to owners of the parent increased 42.8% year-over-year to ¥88.10.
RICOY's revenue is expected to increase 2.8% year-over-year to $3.53 billion for the fiscal first quarter that ended June 2023. Moreover, RICOY topped consensus revenue estimates in each of the trailing four quarters.
Shares of RICOY have gained 15% over the past six months to close the last trading session at $8.53.
RICOY's POWR Ratings reflect its sound fundamentals. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Value and a B in Growth, Stability, and Quality. It is ranked #2 in the same industry.
Beyond what is stated above, we've also rated for Sentiment and Momentum. Get all RICOY ratings <a href="https://stocknews.com/stock/RICOY/">here</a>.
Spirent Communications plc (<a href="https://stocknews.com/stock/SPMYY/">SPMYY</a>)
Headquartered in Crawley, the United Kingdom, SPMYY offers automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates in Lifecycle Service Assurance and Networks &amp; Security segments.
On June 15, 2023, SPMYY announced the availability of its new over-the-air (OTA) performance monitoring solution designed to bring the network edge into the complete end-to-end test and monitoring landscape.
The Spirent Mobile Test Platform (MTP) is a simple-to-deploy small form factor solution that provides extensive edge service monitoring and full remote management.
Its trailing-12-month asset turnover ratio of 0.87x is 43.2% higher than the 0.61x industry average. Its trailing-12-month gross profit margin of 71.95% is 47.7% higher than the 48.72% industry average.
The company pays an annual dividend of $0.42, which translates to a yield of 4.90% at the current price level. It has a four-year average dividend yield of 2.49%. Its dividend payments have grown at a CAGR of 12.7% over the past three years.
SPMYY's adjusted revenue rose 5.5% year-over-year to $607.5 million in the fiscal year that ended December 31, 2022. The company's adjusted profit for the year attributable to owners of the parent company increased 13.5% year-over-year to $114.5 million, while its adjusted EPS increased 14% year-over-year to 18.75 cents.
Street expects SPMYY's revenue for the fiscal year ending December 2023 to increase marginally year-over-year to $597.82 million.
The stock has gained 3.4% over the past month to close the last trading session at $9.36.
SPMYY's robust prospects are reflected in its POWR Ratings. The stock has an overall A rating, equating to a Strong Buy in our proprietary rating system.
SPMYY has an A grade for Quality and Stability and a B in Value. It is ranked #2 in the same industry.
<a href="https://stocknews.com/stock/SPMYY/">Click here</a> to see the additional POWR Ratings for SPMYY (Growth, Momentum, and Sentiment).
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
PCRFY shares were unchanged in premarket trading Thursday. Year-to-date, PCRFY has gained 44.54%, versus a 17.96% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/pcrfy-ricoy-spmyy-3-tech-stocks-to-buy-now-and-hold-for-the/>3 Tech Stocks to Buy Now and Hold for the Future</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks to Buy Now and Hold for the Future

The technology industry is well-positioned for significant growth and expansion in the foreseeable years, driven by sustained IT spending and the rapid adoption of emerging technologies worldwide. Given the industry tailwinds, it could be wise to invest in fundamentally sound tech stocks Ricoh Company (RICOY), Spirent Communications (SPMYY), and AstroNova (ALOT) high on Value and Stability. Read on… With the growing enterprise demand for tech products and solutions to keep up with the digital transformation, the tech sector's long-term prospects look promising. Digitalization assists businesses in saving costs, streamlining processes, and improving efficiency and productivity.
Given the industry's bright future, investors could consider buying fundamentally strong tech stocks Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>), Spirent Communications plc (<a href="https://stocknews.com/stock/SPMYY/">SPMYY</a>), and AstroNova, Inc. (<a href="https://stocknews.com/stock/ALOT/">ALOT</a>) bursting with Value and Stability.
Despite lingering macroeconomic uncertainty, the technology industry continues to remain resilient and witness robust growth, driven by strong demand for tech products and services. The COVID-19 pandemic has sped up digital transformation by several years. Adoption of advanced technologies has taken a quantum leap at the organizational and industry levels.
The tech industry is <a href="https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/technology-industry-outlook.html">extending its reach into several industries</a>, including healthcare, real estate, manufacturing, and retail, using digital advancements to improve efficiency and spur innovation. Furthermore, enterprises across the globe are increasingly investing in emerging technologies such as AI, cloud computing, robotics, IoT, the metaverse, and machine learning.
As per Gartner Digital Markets' 2023 SMB Tech Trends Survey, emerging technology plays an integral part in the IT strategy of <a href="https://www.gartner.com/en/digital-markets/insights/top-9-software-investment-trends-to-watch-in-2023">57% of buyers</a>, and most organizations are early adopters of new technology. Meanwhile, worldwide IT spending is expected to total $4.70 trillion this year, <a href="https://www.gartner.com/en/newsroom/press-releases/2023-07-19-gartner-forecasts-worldwide-it-spending-to-grow-4-percent-in-2023">up 4.3% year-over-year</a>, according to the latest forecast by Gartner.
Furthermore, the global IT hardware market is poised to grow <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market">at a 6.1% CAGR</a> by 2027. Growing investment in Data Center infrastructure worldwide should drive the demand for IT hardware, including computing equipment like desktops &amp; servers, and networking equipment such as routers, modems, switches, and storage devices.
Moreover, solid demand for cloud-based services among enterprises has considerably driven demand for data centers in recent years. Hybrid work culture and the emergence of advanced technologies are also expected to propel the hardware market's growth.
For instance, AI technology is becoming more widespread in several industries and applications and fundamental hardware requirements for AI include high-performance computing (HPC) systems, graphic processing units (GPUs), central processing units (CPUs), data storage systems, and networking infrastructure.
Investors' interest in tech hardware stocks is evident from the S&amp;P Technology Hardware Select Industry Index's 24.3% returns over the past six months.
Given the solid growth potential of the industry, quality tech stocks RICOY, SPMYY, and ALOT could be ideal additions to your portfolio.
Let's discuss these stocks in more detail.
Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>)
Headquartered in Tokyo, Japan, RICOY offers office and commercial printing solutions and related solutions. The company operates through Digital services; Digital Products; Graphic Communications; and Industrial Solutions segments. It sells multifunctional printers (MDPs), laser printers, scanners, personal computers, network equipment, and solutions related to documents.
On June 19, RICOY launched the RICOH SC-20, a work inspection camera utilizing image recognition technology to allow real-time confirmation of proper manual work process performance.
The RICOH SC-20, the successor model to the RICOH SC-10A, is a smart camera that can prevent work errors by automatically checking the status of manufacturing operations to assemble parts and other components via image recognition technology. The new product launch is expected to drive the company's growth and profitability.
On May 19, RICOY and Toshiba Tec Corporation announced a partnership for integrating businesses regarding the development and manufacturing of multifunction printers and other devices by necessary procedures such as Simplified Absorption-type Company Split effective on a specific day between April 1, 2024, and June 30, 2024. This deal should bode well for both the companies.
In terms of forward EV/Sales, RICOY is currently trading at 0.40x, 86.67% lower than the industry average of 2.97x. Also, the stock's forward EV/EBITDA and Price/Sales multiples of 4.95 and 0.34 compare to the respective industry averages of 14.69 and 2.88.
RICOY pays $0.24 annually as dividends which translates to a yield of 2.76% at the current price. Its four-year average dividend yield is 2.54%. The company's payouts have grown at a CAGR of 3.7% over the past five years. RICOY has paid dividends for nine consecutive years.
For the fiscal year that ended March 31, 2023, RICOY's sales increased 21.4% year-over-year to ¥2.13 trillion ($15.08 billion) and its gross profit grew 19.7% from the prior-year quarter to ¥745.40 billion ($5.28 billion). The company's <a href="https://www.investopedia.com/terms/o/operating_profit.asp">operating profit</a> came in at ¥78.70 billion ($557.16 million), an increase of 96.6% year-over-year.
Furthermore, RICOY's profit attributable to owners of the parent increased 79% year-over-year to ¥54.30 billion ($364.42 million), while its EPS was ¥88.13, up 94.3% year-over-year.
Analysts expect RICOY's revenue to grow 11.5% to $3.91 billion for the second quarter ending September 2023. The company's revenue for the fiscal year (ending March 2024) is expected to increase 328.2% year-over-year to $15.99 billion. Moreover, RICOY topped the consensus revenue estimates in each of the trailing four quarters, which is impressive.
Shares of RICOY have gained 15.9% over the past six months to close the last trading session at $8.80. The stock's 24-month beta is 0.24.
RICOY's POWR Ratings reflect its sound fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
RICOY has a B grade for Value, Growth, Stability, and Quality. It is ranked #6 in the <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry.
Beyond what is stated above, we've also rated for Sentiment and Momentum. Get all RICOY ratings <a href="https://stocknews.com/stock/RICOY/">here</a>.
Spirent Communications plc (<a href="https://stocknews.com/stock/SPMYY/">SPMYY</a>)
SPMYY provides automated test and assurance solutions in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company operates in two segments: Lifecycle Service Assurance and Networks &amp; Security. It is headquartered in Crawley, the United Kingdom.
On June 29, SPMYY got selected by Indonesia's new Telecommunication Equipment Testing Center (BBPPT) to conduct high-speed Ethernet network equipment and electromagnetic compatibility (EMC) testing. Utilizing Spirent TestCenter allows labs to facilitate advanced testing features that include high scalability, automation, and real-time reporting for complex network systems.
On June 27, SPMYY announced the availability of an industry-first 400G probe for next-generation network testing and monitoring. The company offers the only network assurance solution that provides such highly dense capacity for emulation, activation testing, and performance monitoring of 400G network traffic. This should benefit the company significantly.
In terms of forward EV/Sales, SPMYY is trading at 1.76x, 40.05% lower than the industry average of 2.97x. Likewise, the stock's forward EV/EBITDA multiple of 8.44 is 42.6% lower than the industry average of 14.69. And its forward Price/Sales of 2.12x compares to the 2.88x industry average.
The company pays an annual dividend of $0.31, which translates to a 3.49% yield on the prevailing share price. Its four-year dividend yield is 2.50%. Its dividend payments have grown at CAGRs of 12.7% over the past three years and 13.8% over the past five years.
On May 4, SPMYY issued the Trading Update for the period from January 1 to 31 March 2023. The company's first-quarter performance was in line with the management plan communicated in March. During the quarter, SPMYY saw increasing engagement from its customers across 5G lab and live network test and assurance.
The company also witnessed started the year with continued positive order intake momentum for its Positioning products from its US government business and other commercial customers. It maintained a strong cash position, was $220 million at the first quarter, an increase from $210 million at the end of December 2022.
During the fiscal year that ended December 31, 2022, SPMYY's revenues increased 5.5% year-over-year to $607.50 million. Its adjusted operating profit rose 9.3% from the year-ago value to $129.5 million. Its adjusted profit for the year attributable to owners of the parent company and adjusted EPS grew 13.5% and 14% year-over-year to $114.5 million and 18.75 cents, respectively.
SPMYY's revenue is expected to increase marginally year-over-year to $599.43 million for the fiscal year 2023. Also, the consensus revenue estimate of $619.96 million for the fiscal year 2024 reflects a 3.4% year-over-year improvement.
The stock has declined marginally over the past month to close the last trading session at $8.78. SPMYY's 24-month beta is 0.56.
SPMYY's POWR Ratings reflect its solid outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Stability and Quality and a B for Value. It is ranked #2 in the same industry.
<a href="https://stocknews.com/stock/SPMYY/">Click here</a> to see additional SPMYY's ratings for Sentiment, Momentum, and Growth.
AstroNova, Inc. (<a href="https://stocknews.com/stock/ALOT/">ALOT</a>)
ALOT designs, develops, manufactures, and distributes specialty printers, and data acquisition and analysis systems, including hardware and software, which incorporate advanced technologies to acquire, store, analyze, and present data in multiple formats. The company operates in two segments: Product Identification (PI) and Test &amp; Measurement (T&amp;M).
In terms of trailing-12-month EV/Sales, SPMYY is trading at 0.88x, 70.9% lower than the industry average of 3.04x. And the stock's trailing-12-month Price/Sales multiple of 0.70 is 75.5% lower than the industry average of 2.87. Moreover, its trailing-12-month Price/Book of 1.22x compares to the 3.19x industry average.
During the fiscal 2024 first quarter ended April 29, 2023, ALOT's revenue increased 14.2% year-over-year to $35.42 million and its gross profit grew 15.4% from the year-ago value to $12.39 million. In addition, its operating income was $1.46 million, up 91.2% year-over-year. Also, the company's adjusted EBITDA rose 59.9% from the prior-year quarter to $3.05 million.
In addition, the company's net income came in at $848 thousand and $0.11 per share, increases of 99.5% and 83.3% year-over-year, respectively.
Over the past three years, ALOT's revenue and EBITDA have grown at CAGRs of 4.7% and 16.5%, respectively. Also, the company's net income and EPS have increased at 84.5% and 81.2% CAGRs over the same period, while its total assets have grown at a 5.1% CAGR.
ALOT's shares have gained 16.4% year-to-date and 22.9% over the past year to close the last trading session at $14.50. The stock has a 24-month beta of 0.38.
ALOT's POWR Ratings reflect this positive outlook. It has an overall rating of B, which translates to Buy in our proprietary rating system.
ALOT has a B grade for Growth, Value, Stability, and Sentiment. It is ranked #7 of 43 stocks in the Technology - Hardware industry. To see the other ratings of ALOT for Momentum and Quality, <a href="https://stocknews.com/stock/ALOT/">click here</a>.
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RICOY shares were unchanged in premarket trading Wednesday. Year-to-date, RICOY has gained 16.09%, versus a 19.99% 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/ricoy-spmyy-alot-3-tech-stocks-bursting-with-value-and-stability/>3 Tech Stocks Bursting With Value and Stability</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Bursting With Value and Stability

Ricoh: Low-Return Business Profile Set To Remain

The relentless pace of innovation is driving consistent demand for faster and more advanced products, boosting the tech industry. Hence, fundamentally strong tech stocks Quantum Corporation (QMCO), Ricoh Company (RICOY), and Panasonic Holdings (PCRFY) might be worth investing in this month. Read on... The tech hardware industry is witnessing significant growth due to increased use in enterprises, process automation adoption, personal computer usage for gaming, and digitization.
So, I think quality tech stocks Quantum Corporation (<a href="https://stocknews.com/stock/QMCO/">QMCO</a>), Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>), and Panasonic Holdings Corporation (<a href="https://stocknews.com/stock/PCRFY/">PCRFY</a>), which have been making impressive gains, are well worth your attention this month.
The tech hardware market is thriving, thanks to the growing digitization of the public sector. The expansion of the IT industry, fuelled by cloud computing and big data analytics, is driving demand for advanced and efficient IT hardware solutions.
The IT hardware market is expected to grow at a <a href="https://www.mordorintelligence.com/industry-reports/global-it-hardware-market">CAGR of 7.9%</a> until 2028.
In addition, the fast-paced innovation in electronics is driving consistent demand. Digital technologies like the Internet of Things (IoT) and cutting-edge communication technologies like 5G are anticipated to facilitate the development of innovative electronic products, bolstering the tech hardware industry.
As a result, the electrical and electronics market is expected to grow to $4.99 trillion in 2027, 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>.
Furthermore, the rise in the number of computer households presents opportunities for expanding PC accessory product portfolios. Also, emerging technologies such as augmented reality (AR), virtual reality (VR), and artificial intelligence (AI) are driving demand for PC accessories.
The PC Accessories Market is estimated at $24.60 billion in 2023, and is expected to reach $43.61 billion by 2028, growing at a <a href="https://www.mordorintelligence.com/industry-reports/pc-accessories-market">CAGR of 12.1%</a>.
With these favorable trends in mind, let's delve into the fundamentals of the three <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> stock picks, beginning with the third choice.
Stock #3: Quantum Corporation (<a href="https://stocknews.com/stock/QMCO/">QMCO</a>)
QMCO delivers end-to-end solutions to analyze, enrich, store, manage, protect, and preserve unstructured data across its entire lifecycle. The company specializes in solutions for video data, images, and other large files. Its portfolio of products includes primary storage software and systems, secondary storage software and systems, as well as devices and media.
QMCO's trailing-12-month CAPEX / Sales of 2.91% is 20.1% higher than the 2.42% industry average. Its trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> of 1.89x is 204.7% higher than the 0.62x industry average.
QMCO reported total revenues of $91.79 million in the first quarter that ended June 30, 2023. Its gross profit increased 2.6% year-over-year to $34.93 million and operating expenses declined marginally from the year-ago quarter to $40.78 million.
The company is expected to report a revenue of $79.31 million in the fiscal second quarter that ended September 2023. Moreover, it has exceeded the consensus revenue estimates in each of the trailing four quarters, which is impressive.
Shares of QMCO lost 2.6% intraday to close the last trading session at $0.59.
QMCO's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, which equates 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.
It also has a B grade for Value. It is ranked #12 in the 42-stock <a href="https://stocknews.com/category/technology-hardware/">Technology – Hardware</a> industry.
<a href="https://stocknews.com/stock/QMCO/">Click here</a> to see QMCO's additional rating for Growth, Stability, Sentiment, Momentum, and Quality.
Stock #2: Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>)
Headquartered in Tokyo, Japan, RICOY offers office and commercial printing solutions and related solutions. The company operates through Digital services; Digital Products; Graphic Communications; and Industrial Solutions segments.
RICOY's trailing-12-month net income margin of 2.55% is 25.3% higher than the 2.03% industry average. Its trailing-12-month asset turnover ratio of 1.07x is 72.3% higher than the 0.62x industry average.
On September 12, 2023, NR-Power Lab Co., Ltd., a jointly invested company of RICOY's and NGK Insulators, Ltd. announced that it was collaborating with Japanese IoT start-up CollaboGate Japan, Inc. and Sassor Inc. to develop a proprietary virtual power plant (VPP) system.
This VPP system, set to be completed by fiscal 2023, aims to optimize the management of diverse energy resources, including renewable energy, storage batteries, and facility consumption.
RICOY pays $0.24 annually as dividends, which translates to a yield of 2.72% at the current price, higher than its four-year average dividend yield of 2.53%.
In the fiscal first quarter that ended June 30, 2023, RICOY's sales increased 16.4% year-over-year to ¥534.60 billion ($3.58 billion) and its gross profit grew 13.2% from the year-ago quarter to ¥190 billion ($1.27 billion). The company's operating profit came in at ¥10.10 billion ($67.55 million), an increase of 5.7% year-over-year.
Furthermore, its EPS attributable to owners of the parent rose 20.5% from the previous-year quarter to ¥14.43.
Analysts expect RICOY's revenue to grow 307.3% year-over-year to $15.21 billion for the fiscal year ending March 2024. Moreover, RICOY topped the consensus revenue estimates in each of the trailing four quarters.
Shares of RICOY have gained 18.1% over the past year and 5.5% over the past month to close the last trading session at $8.73.
RICOY's POWR Ratings reflect its solid fundamentals. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
RICOY has a B grade for Value and Stability. It is ranked #6 in the same industry.
Beyond what is stated above, we've also rated for Growth, Sentiment, Momentum, and Quality. Get all RICOY ratings <a href="https://stocknews.com/stock/RICOY/">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.
On September 23, PCRFY's wholly owned subsidiary Panasonic Energy Co. and Nouveau Monde Graphite Inc. announced that they were working towards a definitive offtake agreement based on their framework agreement. This collaboration aims to support NMG's integrated production of ore-to-anode materials and is progressing through technological engagement and commercial discussions.
The company pays an annual dividend of $0.22, which translates to a dividend yield of 1.92% on the prevailing price level. Its four-year average dividend yield is 2.62%.
During the fiscal first quarter that ended June 30, 2023, PCRFY's net sales increased 2.8% year-over-year to ¥2.03 trillion ($13.58 billion). Its operating profit rose 41.9% from the year-ago quarter to ¥90.37 billion ($604.37 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 (ended September 30, 2023) to increase 29.7% and marginally year-over-year to $0.22 and $14.18 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 32.9% year-to-date and 54.6% over the past year to close the last trading session at $11.10.
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. The stock is ranked #5 in the same industry.
To see the other ratings of PCRFY for Growth, Momentum, Sentiment, and Quality, <a href="https://stocknews.com/stock/PCRFY/">click here</a>.
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<hr />
PCRFY shares were unchanged in premarket trading Wednesday. Year-to-date, PCRFY has gained 34.15%, versus a 11.74% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/pcrfy-ricoy-qmco-3-tech-stocks-with-impressive-gains-worth-your-attention-in/>3 Tech Stocks With Impressive Gains Worth Your Attention in October</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks With Impressive Gains Worth Your Attention in October

The tech hardware industry is projected to witness significant growth in the foreseeable future, thanks to rapid technological advancements, growing digitalization worldwide, and emerging technologies. Amid this backdrop, quality tech stocks NetApp (NTAP), Ricoh (RICOY), and Iteris (ITI) could be ideal buys this week for substantial returns. Continue reading… Driven by rapid digital transformation, advancements in technology, and cutting-edge technologies, the tech hardware industry is thriving, and its growth is expected to continue steadily in the upcoming years. The industry offers numerous opportunities for hardware companies to capitalize on the rising demand for computing devices and specialized hardware components.
Given the industry's bright prospects, it could be wise to invest in fundamentally sound tech stocks NetApp, Inc. (<a href="https://stocknews.com/stock/NTAP/">NTAP</a>), Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>), and Iteris, Inc. (<a href="https://stocknews.com/stock/ITI/">ITI</a>) for potential gains this week.
The technology hardware is a fast-moving and constantly evolving market. It includes computer hardware and technology, storage devices, networking equipment, peripherals, infrastructures, and semiconductors. Demand for tech hardware is driven by consumer and government spending, along with capital spending by businesses.
According to a report by the Business Research Company, the global computer hardware market is expected to reach $909.80 billion by 2027, <a href="https://www.thebusinessresearchcompany.com/report/computer-hardware-global-market-report#:~:text=The%20global%20computer%20hardware%20market%20size%20grew%20from%20%24658.32%20billion,(CAGR)%20of%207.1%25.">growing at a CAGR of 6.6%</a> during the forecast period. The market is currently witnessing considerable growth due to rapid advancements in technology and increasing demand for computing devices across various end-use industries.
Further, the computer hardware market is driven by the widespread adoption of cloud computing, the rise of the Internet of Things (IoT), and the growing need for high-performance computing and data processing. Also, advancements in Artificial Intelligence (AI) and Machine learning (ML) propel demand for specialized hardware components.
Popular AI hardware components consist of Central Processing Units (CPUs), Graphics Processing Units (GPUs), Tensor Processing Units (TPUs), Field-Programmable Gate Arrays (FPGAs), <a href="https://www.makeuseof.com/most-promising-ai-hardware-technology/">Application Specific Integrated Circuits (ASICs), edge computing chips</a>, memory systems, storage solutions, and other related devices.
As per a report by Precedence Research, the global AI in hardware market is expected to surpass around $248.09 billion by 2030, <a href="https://www.precedenceresearch.com/artificial-intelligence-in-hardware-market">expanding at a CAGR of 24.5% from 2023 to 2030</a>.
Investors' interest in tech hardware stocks is evident from the S&amp;P Technology Hardware Select Industry Index's 16.2% returns over the past year.
Considering these encouraging trends, let's analyze the fundamental aspects of the three best <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> stock picks, beginning with the third choice.
Stock #3: NetApp, Inc. (<a href="https://stocknews.com/stock/NTAP/">NTAP</a>)
NTAP offers cloud-led and data-centric services to manage and share data on-premises and private and public clouds internationally. The company operates in two segments: Hybrid Cloud and Public Cloud. It serves energy, financial services, technology, government, life science, media, healthcare service, entertainment, and animation markets.
On November 7, NTAP announced a new bundled virtualization solution that will be sold and marketed by Fujitsu, a VMware and NetApp reseller. This integrated and affordable virtualized infrastructure solution will help small and medium businesses simplify and accelerate the management of traditional and modern applications. This new launch might boost the company's growth.
On the same day, NTAP announced NetApp StorageGRID for VMware Sovereign Cloud. The NetApp plugin for VMware Cloud Director Object Storage Extension will allow sovereign cloud customers to more cost-effectively store, secure, protect, and preserve unstructured data while meeting global data privacy and residency regulations.
Also, NetApp introduced NetApp ONTAP Tools for VMware vSphere (OTV 10.0) designed to simplify and centralize enterprise data management across multi-tenant vSphere environments.
Also, on August 24, NTAP extended its partnership with Google Cloud to deliver new levels of storage performance combined with the simplicity and flexibility of the cloud.
With the introduction of Google Cloud NetApp Volumes – now available as a fully-managed, first-party service on Google Cloud, customers can seamlessly bring business-critical workloads across both Windows and Linux environments to Google Cloud, even for the most demanding use cases like VMware and SAP migrations, all without refactoring code or redesigning processes.
NTAP's trailing-12-month gross profit margin and net income margin of 67.06% and 19.49% are 35.7% and 789.6% higher than the respective industry averages of 49.41% and 2.19%. Also, the stock's trailing-12-month levered FCF margin of 20.60% is 179.1% higher than the industry average of 7.38%.
NTAP pays a $2 per share dividend annually, translating to a 2.65% yield on the prevailing share price. Its four-year average dividend yield is 3.04%. The company's dividend payouts have grown at a CAGR of 10.8% over the past five years.
NTAP reported net revenues of $1.43 billion for the fiscal 2024 first quarter that ended July 28, 2023. Its public cloud segment revenue rose 16.7% from the year-ago value to $154 million. Its non-GAAP <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> was $249 million, or $1.15 per share, respectively. The company's net cash provided by operating activities grew 61.2% year-over-year to $453 million.
Street expects NTAP's EPS for the fiscal year (ending April 2024) to increase 2.5% year-over-year to $5.73. The company's EPS and revenue are expected to grow 7.4% and 4.4% from the previous year to $6.16 and $6.41 billion for the fiscal year 2025. Moreover, it has surpassed the consensus EPS estimates in each of the trailing four quarters.
NTAP's stock has gained 18.1% over the past six months and 24.4% year-to-date to close its last trading session at $75.60. Over the past year, it surged 9%.
NTAP's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. 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, with each factor weighted to an optimal degree.
NTAP has an A grade for Quality. It is ranked #15 out of 38 stocks in the B-rated <a href="https://stocknews.com/category/technology-hardware/">Technology - Hardware</a> industry.
In addition to the POWR Ratings I've just highlighted, you can see NTAP's ratings for Growth, Value, Momentum, Stability, and Sentiment <a href="https://stocknews.com/stock/NTAP/">here</a>.
Stock #2: Ricoh Company, Ltd. (<a href="https://stocknews.com/stock/RICOY/">RICOY</a>)
Based in Tokyo, Japan, RICOY offers office and commercial printing and related solutions. It operates through Digital Services; Digital Products; Graphic Communications; and Industrial Solutions segments. The company sells multifunctional printers (MDPs), laser printers, scanners, personal computers, network equipment, and related parts and supplies.
On August 24, RICOY and Toshiba Tec Corporation announced that they will proceed with necessary procedures, such as a simplified absorption-type company split to integrate their business of the development and manufacturing of multifunction printers and organize a joint venture company which shareholders will be Ricoh and Toshiba Tec to develop multifunction printers.
On June 19, RICOY launched the RICOH SC-20, a work inspection camera utilizing image recognition technology to allow real-time confirmation of proper manual work process performance.
The RICOH SC-20, the successor model to the RICOH SC-10A, is a smart camera that can prevent work errors by automatically checking the status of manufacturing operations to assemble parts and other components via image recognition technology. The new product offering should benefit the company significantly.
RICOY's trailing-12-month net income margin of 2.55% is 16.3% higher than the industry average of 2.19%. Likewise, the stock's trailing-12-month ROCE and ROTA of 5.93% and 2.51% are significantly higher than the industry averages of 0.62% and 0.31%, respectively.
For the half year that ended September 30, 2023, RICOY's sales increased 14.3% year-over-year to ¥1.11 trillion ($7.38 billion). Its gross profit grew 11.5% year-over-year to ¥386.20 billion ($2.57 billion). The company's profit attributable to owners of the parent rose 4.7% from the year-ago value to ¥15.60 billion ($103.74 million).
Furthermore, RICOY's earnings per share attributable to owners of the parent stood at ¥25.62, an increase of 7.3% year-over-year. Cash inflows from operating activities were ¥31.40 billion ($208.81 million), compared to cash outflows from operating activities of ¥3.70 billion ($24.60 million) in the same period of 2022.
Analysts expect RICOY's revenue for the fiscal 2024 second quarter (ended September 2023) to increase 4.3% year-over-year to $3.66 billion. The company's revenue is expected to grow 302.5% year-over-year to $15.03 billion for the fiscal year ending March 2024. Additionally, RICOY topped the consensus revenue estimates in each of the trailing four quarters.
Shares of RICOY have gained 4.4% over the past six months and 16.3% over the past year to close the last trading session at $8.30.
RICOY's POWR Ratings reflect its solid prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
RICOY has a B grade for Value and Stability. It is ranked #6 of 38 stocks in the B-rated Technology - Hardware industry.
To see RICOY's additional ratings for Growth, Momentum, Sentiment, and Quality, <a href="https://stocknews.com/stock/RICOY/">click here</a>.
Stock #1: Iteris, Inc. (<a href="https://stocknews.com/stock/ITI/">ITI</a>)
ITI offers intelligent transportation systems technology solutions worldwide. Its smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, and advanced sensing devices. It offers products like ClearGuide, ClearRoute, BlueArgus, TrafficCarma, Vantage Apex, and Vantage Fusion.
On October 31, ITI awarded the Federal Highway Administration contract with a ceiling of $9.5 million to provide continued development, evolution and deployment support for the nation's Intelligent Transportation Systems (ITS) reference architecture program.
Under the three-year agreement, ITI will support the evolution of the Architecture Reference for Cooperative and Intelligent Transportation (ARC-IT) content to reflect ongoing changes in ITS, including new capabilities enabled by automation, connectivity, and emerging technology. This deal should bode well for the company.
In September, ITI launched Vantage Next Max&#x2122;, a new central control unit (CCU) that doubles the supported sensors on the Vantage Next&#xAE; platform from four to eight sensors per in-cabinet processor. This expansion is designed to enhance traffic detection in larger or uniquely configured intersections and save time and effort for traffic engineers and system integrators.
For the first quarter that ended June 30, 2023, ITI's revenues increased 29.3% year-over-year to $43.55 million. Its gross profit rose 65.4% year-over-year to $16.80 million. Its adjusted EBITDA came in at $3.68 million, compared to an adjusted EBITDA of negative $2.45 million in the prior year's quarter.
In addition, the company's net income was $2.13 million, or $0.05 per share, compared to a net loss of $4.87 million, or $0.11 per share a year ago, respectively. As of June 30, 2023, its cash and cash equivalents stood at $19.99 million versus $16.59 million as of March 31, 2023.
Analysts expect ITI's revenue to increase 10.9% year-over-year to $173.02 million for the fiscal year ending March 2024. Its revenue and EPS for the fiscal year 2025 are estimated to grow 10.7% and 34.2% year-over-year to $191.52 million and $0.37, respectively. Also, the company has surpassed the consensus revenue estimates in each of the trailing four quarters.
ITI's stock has gained 46.4% year-to-date and 60% over the past year to close the last trading session at $4.48.
ITI's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
The stock has a B grade for Growth and Sentiment. ITI is ranked #3 in the same industry.
Beyond what is stated above, we've also rated for Value, Quality, Stability, and Momentum. Get all ITI ratings <a href="https://stocknews.com/stock/ITI/">here</a>.
What To Do Next?
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NTAP shares were unchanged in premarket trading Wednesday. Year-to-date, NTAP has gained 29.61%, versus a 15.52% 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/ntap-ricoy-iti-buy-these-3-tech-stocks-for-potential-gains-this-week/>Buy These 3 Tech Stocks for Potential Gains This Week</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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Latest News for Ricoh Co Stock (OTC:RICOY)

Tuesday, December 10, 2019

Tuesday, May 24, 2011