Tech Stocks to Buy Sonos SONO
Tech Stocks to Buy: Viavi Solutions (VIAV)
Source: ShutterstockFree Cash Flow: $160 millionFCF Yield: 4.2%Normally, I would use enterprise value (EV) as the denominator in the FCFyield calculation [FCF divided by EV], but because I’m less than schooled onsome of these businesses, I’ll go with market cap.I’m surprised I’m not familiar with Viavi. It used to be part of JDS Uniphase(JDSU), a designer of optical communication networks with a Canadianconnection. In August 2015, JDSU was split into Viavi Solutions and LumentumHoldings (NASDAQ:LITE).As a whole, Viavi specializes in fiber optic testing products. And as 5Gcontinues to get rolled out around the world, its products remain in highdemand. The calendar year 2021 is turning out to be a sales recovery year forthe company.Investors should expect significant improvements in sales and earnings in thesecond half of fiscal 2021 and into 2022. And despite the setbacks in fiscal2020, Viavi’s operating margins remain strong at more than 14%.
Tech Stocks to Buy: Sonos (SONO)
Source: ClassyPictures / Shutterstock.comFree Cash Flow: $230 millionFCF Yield: 4.4%Finally, a company I’ve actually heard about and know what it does. Sonos wentpublic in August 2018 at $15 per share. It seemed the maker of smart speakerswas destined to remain in a five-dollar range of its IPO, not moving above $20until November 2020.Of course, growth and profits never hurt matters.In Q1 2021, Sonos reported sales of $646 million, 12% higher over last year,excluding currency. On a non-GAAP basis, it earned $153.2 million in the firstquarter, 75% higher than Q1 2020.As CEO Patrick Spence said about its results, it was the best quarter of its18-year history. And in fiscal 2021, Sonos expects major growth on the top andbottom lines.Sonos started slowly as a public company, but it’s coming on like gangbusters.With this much growth and a 4.4% yield, you’re getting growth at a reasonableprice.
14. Synechron Technologies Pvt Ltd
Synechron is one of the best IT companies in Pune for freshers. This is a USAbased IT company that offers digital, consulting and technology services toclients all across the globe.The company started its operations in 2001 and today it is one of the largestindependent technology consulting firms with 8000+ employees across 18+countries.That’s why I have included their name in this list of best IT companies inPune, Kharadi.Services; * Digital. * Information technology. * Consulting and a lot more.Address; No 6, Nagar Rd, Pune International Airport Area, Kharadi, Pune,Maharashtra 411014.Employees strength; 8000+Revenue; $500 million+Founder; Faisal Husain, Zia Bhutta and Tanveer SaulatCEO; Faisal Husain.
18. Atos Syntel India
Founded by Bharat Desai and Neerja Sethi in 1980, Atos Syntel is another ITcompany in Pune. The company started by providing software and IT services toGeneral Motors and some government companies in the USA.In the year 1992, Syntel opened its first Global Development Centers in Mumbaiand Chennai and became the first IT company to employ a global delivery model.Currently, the company is run and managed by Rakesh Khanna who is the CEO ofSyntel. Under this leadership and guidance, Syntel has reached new heights ofsuccess.Core Services; * Product Engineering. * Microservices Continuous. * Testing BizOps. * Enterprise Platform Solutions. * IT Ops. * Legacy Modernization. * Cyber Security.Address; Pride Purple Accord,2nd floor Opposite to Veritas, Baner Road, aboveVIJAY SALES – BANER, Pallod Farms, Baner, Pune, Maharashtra 411045.Employee Strength; 120,000 employees.Revenue; approximately $250 million.Founder; Bharat Desai and Neerja Sethi.Current CEO; Rakesh Khanna.
Not every day you’ll find IT companies in Pune with 3,659+ employees andDecreaseUS$ 2.49 billion (2020) in revenue. Norton normally known as Symantecis an American multinational software and Fortune 500 company with developmentcentres in Pune, Chennai and Bangalore.The company is known for creating software and security tools for desktopsPCs, computers, mobile phones, businesses and more. It also creates antivirussoftware and related products.As of 2020, the company was having a revenue of US$ 2.49 billion and netincome of US$ 3.887 billion (2020).Core services; * IT and software. * Antivirus. * Security solutions and more.Address; Cluster B, EON Free Zone, Kharadi, Pune, Maharashtra 411014.Employee strength; 3000+Revenue; US$ 2.49 billion.Founder; Gary Hendrix.CEO; Vincent Pilette.
28. Cybage Software
This is an award-winning IT company in Pune. Currently, the company isheadquartered in Pune and is having offices in the United States, Canada,United Kingdom, Japan and many other international countries.With clients all across the globe, Cybage provides services such as softwareapplication development and maintenance, digital marketing, UX design, contentservices and more.The company is still privately owned and not public by any means.Core services; * Support services. * Application development. * Digital services. * IT solutions. * Content marketing. * Product engineering and a lot more.Address; Survey No. 13A/ 1,2,3/1, Cybage Towers, Adarsh Nagar, Wadgaon Sheri,Pune, Maharashtra 411014.Employee strength; 1000+Revenue; 100 Cr+Founder; Arun Nathani.CEO; Arun Nathani.
4. Palantir Technologies IPO
Speaking of direct listing IPOs, Palantir Technologies is also going publicvia the same route, having submitted its Form S-1 to the SEC on 25 August2020.The company was founded back in 2003 by Peter Thiel, Nathan Gettings, JoeLonsdale, Stephen Cohen, and Alex Karp is headquartered in Denver, Colarado.Initially, the company developed software for the United States IntelligenceCommunity (USIC) and the United States Department of Defense to helpintelligence and defence analysts analyse and process their data.Over the years, the company has diversified and now offers big-data analysisenterprise software for corporate clients as well.In other words, they are a SaaS company that sells its data analytics platformfor government and enterprise.
6. Unity Technologies IPO
Last but not least we have Unity Technologies Inc, a Danish-American videogame software development company based in San Fransico.The company was founded back in 2004 in Copenhagen, as Over the EdgeEntertainment by David Helgason (CEO), Nicholas Francis (CCO), and JoachimAnte (CTO).The company’s main product is Unity, its cross-platform game engine used tocreate and operate real-time 3D (RT3D) content.Creators, ranging from game developers to artists, architects, automotivedesigners, filmmakers, and others, use Unity to make their content come tolife.On 24 August 2020 Unity filed for a public listing with the SEC, opting for atraditional underwritten IPO.The company’s technology is popular as according to Unity, a little over halfof all the top 1,000 games in the App Store and Google’s Play Store were builtwith Unity. The company also counts EA, Microsoft, Niantic, Sony, Tencent andZynga as its customers.On top of offering a platform for game development, Unity also generatesrevenue from a service that helps companies operate and monetise theircontent.
Symbol: U2019 revenue: $542 millionRevenue growth: 42%Gross margin: 78%Net loss: $163 millionUnity, founded in 2004, provides the software underpinnings for many popularreal-time and mobile video games, including Township, Monument Valley, andOddworld. The company says 53% of the top 1,000 games on Apple and Google’smobile app stores use its software. The company is planning a traditional IPO.Pros: Mobile gaming remains a fast-growing market, and Unity is expanding intoother fields like virtual reality experiences. Epic Games, a competitor, hasrecently put its reputation at risk by suing Apple.Cons: In business for 16 years, Unity is still losing money. As rival Epic hasdiscovered, Apple and Google can set onerous terms for game developers ontheir dominant mobile platforms.
Are you hunting for top IT and software companies in India?If yes, then Oracle has to be in this list.This is an American tech giant headquartered in Redwood Shores, California. Itis known for its enterprise resource planning (ERP) software, Human CapitalManagement (HCM) software, customer relationship management software and more.Oracle is also the world’s second-largest software company by revenue andmarket capitalization.Core services; * Enterprise resource planning (ERP) software. * Human Capital Management (HCM) software. * Customer relationship management (CRM) software. * Supply chain management (SCM) software.Address; Ambrosia, Oracle Park, Mulshi Rd, Bavdhan, Pune, Maharashtra 411021.Employees; 135,000 (2020).Founder; Larry Elison.CEO; Larry Elison.Revenue; US$13.89 billion (2020).
16. Adobe Systems
With the revenue of 1,117 crores USD (2019), Adobe Systems has been in my listof top IT and software companies in India.This is another American multinational company that creates multimedia andcreativity software products. Till date, the company has created tons ofsuccessful products but the Adobe Flash, Photoshop, Adobe Illustrator andPortable Document Format are the most successful products of Adobe.The company is headquartered in California and led by Shantanu Narayen.Core services; * Software and product development. * Cloud services.Address; Noida Main Campus. ADOBE Systems India Private Limited. Adobe Towers.I-1A, City Centre, Sector : 25A. NOIDA-201301.Employees; 22,635 (2020).Founder; John Warnock & Charles GeschkeCEO; Shantanu Narayen.Revenue; US$11.17 billion (2019)
23. Zoho Corporation
For over one decade, Zoho Corporation has been doing excellent work in onlineoffice suites and the Internet of things. That’s why I have listed them in mylist of IT companies in India.Top-notch companies in the finance, banking, and IT sector use the softwareand applications created by Zoho Corporation.Core services; * CRM. * Software development. * Application creation and more.Address; 140 & 151, GST Road, Vallancherry Village, Chengalpattu Taluk,Kanchipuram District 603 202.Employees; 10,000+Founder; Sridhar Vembu &Tony ThomasCEO; Sridhar Vembu.Revenue; 1000Cr+