Top 5 Tech Stocks Which You'll Regret Missing This Quarter - Clearfield (NASDAQ:CLFD), Credo Technology G

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

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

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

Clearfield, Inc. (NASDAQ:CLFD)

Clearfield posted better-than-expected Q1 earnings. “Our strong financial performance in the fiscal first quarter of 2023 reflects our continued execution on our strategic growth plan, as well as the ongoing demand tailwinds for high-speed broadband,” said Company President and CEO Cheri Beranek. The company’s stock has a 52-week low of $45.34 .
RSI Value: 28.85
CLFD Price Action: Shares of Clearfield dropped 7% to close at $46.78 on Wednesday.

Sabre Corporation (NASDAQ:SABR)

Sabre reported fourth-quarter FY22 revenue growth of 26% year-on-year to $631.18 million, missing the consensus of $665.69 million. The company’s stock has a 52-week low of $3.90.
RSI Value: 28.80
SABR Price Action: Shares of Sabre fell 4.3% to close at $4.02 on Wednesday.

Credo Technology Group Holding Ltd (NASDAQ:CRDO)

Credo Technology posted upbeat quarterly results. Bill Brennan, Credo’s President and Chief Executive Officer, stated, “In the fiscal quarter ended January 28, 2023, Credo achieved revenue of $54.3 million, an increase of 71% year over year and 6% compared to the prior quarter. Going forward, Credo is focused on the large market opportunity afforded us by our differentiated solutions.” The company’s stock has a 52-week low of $8.15.
RSI Value: 27.65
CRDO Price Action: Shares of Credo Technology dropped 3.6% to close at $8.25 on Wednesday.

Luna Innovations Incorporated (NASDAQ:LUNA)

Luna Innovations reported worse-than-expected Q4 EPS and sales results and issued Q1 revenue guidance below estimates. "2022 was a transformational year for Luna representing the culmination of execution on the five-year strategic plan we outlined in 2017, thereby creating a pure-play fiber optics company," said Scott Graeff, President and Chief Executive Officer of Luna. The company’s 52-week low is $4.06.
RSI Value: 27.46
LUNA Price Action: Shares of Luna Innovations dipped 32.1% to close at $6.50 on Thursday.

Unisys Corporation (NYSE:UIS)

The company posted upbeat quarterly sales. “We had a solid finish to the year, delivering 7% year-over-year constant currency revenue growth in the fourth quarter,” said Unisys Chair and CEO Peter A. Altabef. The company has a 52-week low of $3.3550.
RSI Value: 29.44
UIS Price Action: Shares of Unisys fell 2.5% to close at $3.51 on Wednesday.

CLFDClearfield Inc

$37.86-1.67%

Overview

CRDOCredo Technology Group Holding Ltd

$257.26-0.71%

LUNALUNA INNOVATIONS INC by Luna Innovations, Inc.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.