>
  1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Alberto Abaterusso
Alberto Abaterusso
Articles (2530) 

A Trio of Growth Technology Stocks to Consider

Luna Innovations tops the list

April 18, 2020 | About:

These growth technology stocks have reported significant year-over-year increases in their quarterly revenues and net income.

Thus, investors may want to consider them.

Luna Innovations

The first company to consider is Luna Innovations Inc. (NASDAQ:LUNA), a Roanoke, Virginia-based developer, manufacturer and marketer of scientific and technical instruments.

The company grew its quarterly revenue by 44% to $19.5 million in fourth-quarter 2019, up from $13.54 million in the prior-year quarter. The net income rose by 128.3% to $2.15 million.

Following a 71.06% increase in the past year, the stock traded at a price of $7.27 per share at close on April 17 for a price-sales ratio of 3.38 versus the industry median of 0.88 and a price-earnings ratio of 48.47 versus the industry median of 6.81. The stock has a market capitalization of $221.64 million.

Luna Innovations does not pay a dividend.

Wall Street sell-side analysts recommend an overweight rating for shares of Luna Innovations, which means the stock is expected to outperform either the industry or the overall market with an average target price of $9.06 per share.

GuruFocus assigned a high 9 out of 10 rating to the company’s financial strength and a moderate score of 4 out of 10 to its profitability rating.

CLPS

The second company to consider is CLPS Inc. (NASDAQ:CLPS), a Chinese provider of information technology and consulting services to financial companies.

The company has grown its quarterly revenue by 38.3% to $42.6 million in the quarter ended Dec. 30, 2019, up from $30.8 million a year ago. The bottom line of the quarterly income statement was a net income of $2.4 million in the final quarter of 2019, a positive shift from a loss of $1.4 million reported last year.

As a result of a 78.7% decline over the past year, the share price closed at a price of $2.07 on April 17 for a price-sales ratio of 0.44 versus the industry median of 1.76 and a price-earnings ratio of 69 versus the industry median of 20.65. The stock has a market capitalization of $30.71 million.

CLPS does not pay a dividend.

GuruFocus assigned a high score of 8 out of 10 to the company’s financial strength and a moderate score of 4 out of 10 to its profitability.

AppFolio

The third company to consider is AppFolio Inc. (NASDAQ:APPF), a Santa Barbara, California-based provider of ad hoc business software solutions for the real estate and legal markets.

The company grew its revenue by 33.7% to $67.4 million in the quarter ended Dec. 30, 2019, up from $50.4 million in the year-ago quarter. The net income increased by 67% to $4.43 million.

The stock has risen 20.4% in the past year to close at $106.87 per share on April 17 for a price-sales ratio of 14.85 versus the industry median of 1.76 and a price-earnings ratio of 104.77 versus the industry median of 20.65. The stock has a market capitalization of $3.65 billion.

AppFolio does not pay a dividend.

Wall Street sell-side analysts recommend an overweight rating for shares of AppFolio with an average target price of $88 per share.

GuruFocus assigned a positive score of 6 out of 10 to both the company’s financial strength and profitability.

Disclosure: I have no positions in any securities mentioned in this article.

Read more here:

Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here. 

About the author:

Alberto Abaterusso
I am a contributor at GuruFocus. I primarily write about how to pick potential value stocks. Gold, silver and precious metals mining industries is also my cup of tea. My articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. I hold a Master\\\'s Degree in Business Administration from Università degli Studi di Bari (Italy), Aldo Moro. I am based in The Netherlands.

You can follow me on Twitter at https://twitter.com/AAbaterusso

Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:



Performances of the stocks mentioned by Alberto Abaterusso


User Generated Screeners


pjmason14Momentum
wigbertHigh FCF-M2
kosalmmuse6
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
kosalmmuseNice
kosalmmusehan
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)