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5 Value Stocks To Watch In The Technology Sector

Author: Benzinga Insights | March 12, 2024 10:41am

What are Value Stocks?

A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued.

The following stocks are considered to be notable value stocks in the technology sector:

  1. ClearOne (NASDAQ:CLRO) - P/E: 1.07
  2. IBEX (NASDAQ:IBEX) - P/E: 9.9
  3. Daktronics (NASDAQ:DAKT) - P/E: 7.74
  4. Daqo New Energy (NYSE:DQ) - P/E: 5.15
  5. HP (NYSE:HPQ) - P/E: 9.05

ClearOne saw a decrease in earnings per share from -0.04 in Q2 to $-0.05 now. IBEX saw an increase in earnings per share from 0.4 in Q1 to $0.44 now. This quarter, Daktronics experienced a decrease in earnings per share, which was $0.27 in Q2 and is now $0.09. The company's most recent dividend yield sits at 3.4%, which has increased by 0.02% from 3.38% last quarter.

Daqo New Energy saw an increase in earnings per share from 0.59 in Q3 to $0.94 now. HP's earnings per share for Q1 sits at $0.81, whereas in Q4, they were at 0.9. The company's most recent dividend yield sits at 3.77%, which has decreased by 0.26% from 4.03% last quarter.

The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

Posted In: CLRO DAKT DQ HPQ IBEX

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