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Alberto Abaterusso
Alberto Abaterusso
Articles (2476) 

A Trio of Tech Growth Stocks to Consider

These companies have improved quarterly sales and profits considerably

August 28, 2020 | About:

Tech growth investors may want to consider the following stocks as they have grown their quarterly revenue and net income tremendously on a year-over-year basis.

CrowdStrike Holdings

The first stock which tech growth investors may want to consider is CrowdStrike Holdings Inc. (NASDAQ:CRWD), a Sunnyvale, California-based provider of cloud-delivered solutions specifically tailored for next-generation endpoint protection. The company is serving markets in the U.S. and internationally.

CrowdStrike Holdings saw its quarterly revenue grow 85.4% year over year to $178.1 million as of the first quarter of 2021 (which ended on April 30), up from $96.1 million in the prior-year quarter.

CrowdStrike Holdings posted a net loss of 9 cents per share for the first quarter, up 116.4% from a net loss of 55 cents per share recorded in the comparable quarter of fiscal 2020.

The stock traded at $117.13 per share at close on Aug. 27 for a market capitalization of $25.50 billion and a 52-week range of $31.95 to $119.94.

CrowdStrike Holdings does not pay dividends.

Wall Street recommends an overweight rating with an average target price of $115.05 per share.

GuruFocus assigned a rating of 6 out of 10 for the company's financial strength.

Among the top fund holders of the company, T. Rowe Price Associates Inc. is the leader with 5.84% of shares outstanding. It is followed by Vanguard Group Inc. with 5.21% of shares outstanding and Jennison Associates LLC with 4.03% of shares outstanding.

Etsy

The second stock that tech growth investors should consider is Etsy Inc. (NASDAQ:ETSY), a Brooklyn, New York-based operator of online marketplaces for North American and international customers.

The company saw its quarterly revenue increase by 136.7% year over year to nearly $429 million as of the second quarter of 2020, up from $181.1 million in the same period of 2019.

Etsy posted net earnings of 75 cents per share for the second quarter, which is a more than 5-fold increase from net earnings of 14 cents per share posted in the comparable quarter of 2019.

The stock closed at $122.37 per share on Aug. 27 for a market capitalization of $14.53 billion and a 52-week range of $29.95 to $141.41.

Etsy does not pay dividends.

Wall Street recommends a buy rating with an average target price of $153.44 per share.

GuruFocus assigned a rating of 5 out of 10 for the company's financial strength and a rating of 6 out of 10 for its profitability.

Among the top fund holders of the company, BlackRock Inc. is the leader with 9.43% of shares outstanding. It is followed by Vanguard with 9.32% of shares outstanding and Wellington Management Group with 4.54% of shares outstanding.

Qutoutiao

The third company which tech growth investors may want to consider is Qutoutiao Inc, (NASDAQ:QTT), a Chinese provider of light entertainment content through mobile platforms.

The company recorded a 19.6% year-over-year increase in its total revenue to $199.4 million as of the first quarter of 2020, up from nearly $166.7 million in the same period of 2019.

The net loss of 27 cents for the first quarter improved significantly from the net loss of 42 cents for the same period of 2019.

The stock traded at $2.81 per American depository receipt at close on Aug. 27 for a market capitalization of $733.79 million and a 52-week range of $2.2 to $9.42.

Qutoutiao does not pay dividends.

Wall Street recommends an overweight rating with an average target price of 26.69 yuan ($3.87) per ADR.

GuruFocus assigned a rating of 3 out of 10 for the company's financial strength.

Vanguard leads the group of top fund holders, owning 1.33% of shares outstanding. It is followed by Krane Funds Advisors LLC with 0.55% and D. E. Shaw & Co. Inc. with 0.36% of shares outstanding.

Disclosure: I have no positions in any securities mentioned.

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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

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