A Look Into Technology Sector Value Stocks
Portfolio Pulse from Benzinga Insights
Benzinga Insights identified five technology sector value stocks with low P/E ratios: BOS Better Online Solns (BOSC), Canadian Solar (CSIQ), JinkoSolar Holding Co (JKS), Bel Fuse (BELFA), and Nokia (NOK). All except Bel Fuse reported a decrease in earnings per share this quarter compared to Q2. Bel Fuse's dividend yield increased slightly, while Nokia's dividend yield saw a more significant increase.
December 12, 2023 | 2:44 pm
News sentiment analysis
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NEGATIVE IMPACT
BOS Better Online Solns has a low P/E of 7.47 but experienced a decrease in EPS from $0.11 to $0.05 this quarter.
The decrease in EPS could lead to a negative short-term impact on BOSC's stock price, despite being identified as a value stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Canadian Solar, with a P/E of 4.47, reported a significant decrease in EPS from $2.39 to $0.32 this quarter.
The substantial drop in EPS is likely to concern investors, potentially causing a short-term negative impact on CSIQ's stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Bel Fuse, with a P/E of 9.73, saw EPS decrease from $1.89 to $1.59, but its dividend yield increased from 0.44% to 0.46%.
The decrease in EPS could be offset by the slight increase in dividend yield, leading to a neutral short-term impact on BELFA's stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
JinkoSolar Holding Co has a P/E of 3.17 and a slight decrease in EPS from $3.52 to $3.31.
The minor decrease in EPS may not significantly impact JKS's stock price in the short term, as it still maintains a low P/E ratio.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Nokia, with a P/E of 4.2, reported a decrease in EPS from $0.08 to $0.05, but its dividend yield rose significantly from 3.41% to 3.95%.
While EPS decreased, the notable increase in dividend yield could attract investors, potentially balancing the short-term impact on NOK's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80