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Halfway through 2021, tech stock prices are making a remarkable stance in the year that experienced extreme digitization. But the tech stocks were not following linear growth throughout the first six months of the year. Most of the tech companies' stocks soared in January, only to hit rock bottom in February. Later, the tech stock prices as a whole bounced back with a big improvement. Despite the tech companies' development, the market remains unsettled. But enthusiasts anticipate an approaching price surge that top tech stocks to buy could experience in a couple of months. Although investing in top tech stocks could be appealing, investors should keep in mind that the market is volatile and involves initial threats. Before trying their money on tech stocks, they should first analyze the market performance of tech companies. In order to make things easy, Analytics Insight has picked top tech stocks to buy this weekend that has greater potential to end with good results.
Founded in 1980, Synnes is a business process services company that operates in two segments namely technology and Concentrix. The technology section of the company functions in peripherals, information technology systems including data center server and storage solutions, system components, software networking, communications and security equipment, etc. Although the company is not well known among many tech stock investors, it received substantial price movement last month. After Synnex announced its expansion of security and networking services, the number of investments has increased.
Sonos designs develop and produce disruptive audio products. The company has revolutionized the way we listen to music. Sonos wireless multi-room system helped get the music to everybody's home. It created a whole-home music system at convenient usage and affordable price. Tech enthusiasts call the company stock the multiplier of money. Although Sonos stocks don't gain momentum instantly, the company doesn't fail to impress its investors with long-term stock price hikes.
PTC is a global computer software and services company that revolutionizes customer approaches using IoT, augmented reality, computer-aided design, and product lifecycle management. The company's technology helps industries companies to create value for themselves, their customers, and the world. When PTC reported its recent last quarter result in June 2021, it showed good signs of improvement. Therefore, investors believe that it will continue its upward path even in the future.
Datto Holdings is an application software developer that offers data processing, management, and backup, as well as server automation, remote monitoring, and other related services. The company's stocks are quite volatile. Over 2020, it has reached both big heights and big falls. Similarly, in the current year as well, the trend continues. The recent market performance also shows that Datto Holdings' stock is fairly priced as it takes the expected future cash flows.
Match Group is a division of IAC and an online dating portfolio that comprises over forty brands around the world. Similar to Bumble and other dating apps, Match Group is also famous for its dating products. The company offers products under nearly 50 brands, translated into 40 languages, and available in more than 200 countries. Owing to the recent lockdown, Match Group is also one of the many companies that experienced big price hits. However, it is recovering its state in 2021.
Western Digital Corporation (WDC) is a digital storage device manufacturing, well-known for designing, manufacturing, and marketing hard disk drives, NAND flash-based storage devices, solid-state drives (SSDs), and enterprise storage platforms. The San Jose, California-based company has performed extremely well since the beginning of 2021 with a market capitalization of US$21.4 billion. WDC recently delivered 26.12 returns, extending its 12-month gains to 65.35%.
Cloudflare is one of the world's largest networks companies that help businesses, non-profits, bloggers, and anyone with an internet presence boast faster more secure websites and apps. Founded in 2009, the company provides online services to protect and accelerate websites online. Cloudflare's share price has already reached up an impressive 187% in the last twelve months. The share price is up 47% in about a quarter.
Enphase Energy is a software-driven home energy solution provider that designs, develops, manufactures, and sells micro investor systems for the solar photovoltaic industry. Founded in 2006, the company leverages residential and commercial solar plus storage solutions to improvise global management technology. According to the recently released data, Enphase Energy's stock prices skyrocketed 28% in June alone.
Asana is a computer software company that specializes in the fields of work management and productivity. Founded in 2009, the company helps teams orchestrate their work, from small projects to strategic initiatives. After recording remarkable growth in 2020, Asana's stocks are anticipated to see another year of rapid growth. Since its the early days of business for the company, it takes a while for investors to figure out its actual market performance.
Palo Alto Networks is one of the world's leading cybersecurity companies that leverage disruptive technologies to over 80,000 enterprise customers from across the globe. Palo Alto envisions being the cybersecurity partner of choice, protecting users' digital way of life. Although the company's stocks failed to set the market on fire so far in 2021, it is still a better choice for many tech investors as it gains pace over time.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
