During the pandemic, the tech industry offered up new opportunities for investors by adjusting to new normals faster than other industries. Investors are still positive about tech companies, despite technology having begun to control practically every area of life today. It goes without saying that the IT sector remained strong throughout the global financial crisis. The market for frontier technology is currently worth $350 billion and is predicted to grow to $3.2 trillion by 2025. Tech stocks propelled the benchmark index to its 66th all-time high in 2021, second only to 1995’s 77 times.
Insider Monkey analyzes the list of the best low-cost tech stocks to buy right now. In the third quarter, Blink Charging Co. reported record revenue of $6.4 million, up 611.1 percent from the previous year. The company’s major focus is on providing commercial and industrial customers with quick EV charging stations and networks. On October 26, EVERTEC, Inc. released its third-quarter results, reporting revenue growth in the Payment Services and Merchant Acquiring sectors. Overall, the company generated $145.9 million in revenue, an increase of 6.9% year over year. The software developed by the company is mostly utilized in the development and management of infrastructure, such as industrial and power facilities. The stock bounced back after hitting a low of $35.2 per share in November 2020, rising 40.01 percent in the past year. The company’s revenue for the quarter totaled $248.4 million, up 22.4 percent over the same period last year. In the third quarter, the number of hedge funds holding interests in Marqeta, Inc. decreased. Mizuho recently raised its price objective on the IT service management company based in California to $27. On November 4, Viavi Solutions Inc. released its fiscal Q1 2022 results, nearly all of which exceeded analyst expectations. The company made $326.8 million in revenue, which was $16.21 million more than expected. For more details, click 10 Best Low-Cost Tech Stocks To Buy Right Now.
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