5 Value Stocks To Watch In The Technology Sector
Portfolio Pulse from Benzinga Insights
Benzinga Insights has identified five value stocks in the technology sector based on their low price-to-earnings (P/E) multiples, suggesting they may be undervalued. The stocks are Optical Cable (OCC), Arrow Electronics (ARW), Movella Holdings (MVLA), Canadian Solar (CSIQ), and Surgepays (SURG). The article provides recent earnings per share (EPS) data and dividend yield for these companies, noting changes from previous quarters.
November 28, 2023 | 2:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Canadian Solar's P/E is 4.06, but it saw a significant Q3 EPS decrease to $0.32 from $2.39 in Q2.
The drastic decline in EPS for Canadian Solar could lead to negative investor sentiment and a potential short-term decrease in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Optical Cable has a low P/E of 4.56 and a stable dividend yield of 2.45%, but experienced a significant decrease in EPS from $0.31 to $0.01.
The substantial drop in EPS for Optical Cable could concern investors, potentially leading to a short-term negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Arrow Electronics has a P/E of 6.65 and reported a slight decrease in Q3 EPS to $4.14 from $4.37 in Q2.
The small decrease in EPS for Arrow Electronics may not significantly impact the stock price as the P/E ratio remains attractive to value investors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Movella Holdings, highlighted as a value stock, has a P/E of 0.13 with a stable Q2 EPS at $-0.12, unchanged from Q1.
The extremely low P/E ratio for Movella Holdings may attract investors, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
Surgepays has a P/E of 4.74 and reported an increase in EPS from $0.4 in Q2 to $0.49 currently.
The increase in EPS for Surgepays, coupled with a low P/E ratio, could lead to positive investor sentiment and a potential short-term increase in stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80