Arihant Capital’s research report on Larsen and Toubro Technology Services
LTTS is investing and scaling in its 6 key industry bets: 1) Electric/Automation connected vehicles 2) MedTech 3) 5G 4) AI & Digital Products 5) Digital Manufacturing and 6) Sustainability. Management guided revenue run-rate of USD 1.5 Bn by FY25. They also guided LTM run rate of USD 1Bn by Q2/Q3 FY23. Guidance includes organic as well as effect from potential acquisitions. The company mentioned that they are open for potential acquisitions (~USD 20-100m in size) given their healthy cash balance of (~USD 200m cash) Strong guidance is driven by large deal wins (23 large deals (>$5mn) won in last 4 quarters), robust pipeline (51 large deals in pipeline), strong digital engineering demand tailwinds and ability to consistently increase market share (as share of offshore spending improves) •The company guided operating margins to gradually increase to 18% by FY25 (17.3% in Q1FY22 and 14.5% in FY21) on back of favourable operating metrics such as utilization and offshore mix and scope for margin improvement in Telecom and Hi-tech vertical, which have seen subdued margins for some time.
Hot Tech Stocks To Buy For 2023: monday.com Ltd.(MNDY)
monday.com Ltd. develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools. The company also offers product solutions for marketing, CRM, project management, software development, and other fields; and business development, consulting, and customer success services. It serves organizations, educational or government institution, and distinct business unit of an organization. The company was formerly known as DaPulse Labs Ltd. and changed its name to monday.com Ltd. in November 2017. monday.com Ltd. was incorporated in 2012 and is headquartered in Tel Aviv-Yafo, Israel.
Advisors’ Opinion:
- [By ]
Monday.com Ltd. (NASDAQ: MNDY) is still a new stock with plenty of juice left. The productivity company will play an increasing role in business as companies go remote.
- [By Joe Tenebruso (TMFGuardian)]
Shares of Monday.com (NASDAQ:MNDY) surged 24% on Tuesday after the work-management software provider announced strong second-quarter results.
So what
Monday.com’s revenue rocketed 94% year over year to $70.6 million. The gains were fueled by new customer wins and higher sales to existing clients, as evidenced by its sterling net dollar retention rate for customers with more than 10 users of over 125%.
Hot Tech Stocks To Buy For 2023: Glu Mobile Inc.(GLUU)
Glu Mobile Inc. designs, markets, and sells mobile games worldwide. It develops original games based on its intellectual property comprising Big Time Gangsta?, Blood & Glory, Bug Village, Contract Killer, Contract Killer: Zombies, Eternity Warriors, Frontline Commando, Gun Bros, Men vs. Machines, Stardom: The A-List, Super K.O. Boxing and Toyshop Adventures. The company also develops games based on licensed intellectual property consisting of Build-a-lot, Call of Duty, Deer Hunter, DJ Hero, Guitar Hero, Family Feud, Family Guy, Lord of the Rings, Paperboy, The Price Is Right, Transformers, Who Wants to Be a Millionaire?, and World Series of Poker. It offers a portfolio of action/adventure and casual games to smartphones and tablet devices users through direct-to-consumer digital storefronts, as well as to feature phone users served by wireless carriers and other distributors. The company was formerly known as Sorrent, Inc. and changed its name to Glu Mobile Inc. in May 20 05. Glu Mobile Inc. was incorporated in 2001 and is headquartered in San Francisco, California.
Advisors’ Opinion:
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Glu Mobile (Nasdaq: GLUU) is a mobile game company that develops, publishes, and markets a portfolio of free-to-play mobile games for smartphones and tablet devices. GLUU specializes in four genres: home décor, sports and action, fashion and celebrity, and time management, and creates games based on third-party licensed brands, such as Kim Kardashian: Hollywood, MLB Tap Sports Baseball, and Restaurant Dash with Gordon Ramsay. With expected growth of about 15% over the next few years, GLUU looks interesting, although its upside might be limited after the stock’s one-year 165% rally.
- [By ]
6. Glu Mobile (Nasdaq: GLUU) develops, publishes and markets a portfolio of free-to-play mobile games for smartphones and tablet devices. It primarily publishes titles in four genres, including home décor, sports and action, fashion and celebrity, and time management. Some of its titled games are Contract Killer, Blood & Glory, Cooking Dash, Deer Hunter, QuizUp, and Tap Sports. The company pulled in $366 million in sales in 2018, a 28% increase over the previous year.
- [By John Ballard]
Both Take-Two Interactive (NASDAQ:TTWO) and Glu Mobile (NASDAQ:GLUU) experienced robust revenue growth in 2018. Take-Two reported strong operating performance after the blockbuster launch of Red Dead Redemption 2 last fall.
- [By Keith Noonan]
Shares of Glu Mobile (NASDAQ:GLUU) gained 20.7% in January, according to data from S&P Global Market Intelligence. Recovery for the broader market early in 2019 and some encouraging analyst coverage propelled Glu stock to a 10-year high.
Hot Tech Stocks To Buy For 2023: Mastercard Incorporated(MA)
MasterCard Incorporated, together with its subsidiaries, provides transaction processing and related services to customers principally in support of their credit, deposit access, electronic cash and automated teller machine payment card programs, and travelers? cheque programs. Its payment solutions include payment programs, marketing, product development, technology, processing, and consulting and information services. The company provides transaction processing services comprising transaction switching, which include authorization, clearing, and settlement; connectivity services, such as network access, equipment, and the transmission of authorization and settlement messages; and other payment-related services consisting of products used to prevent or detect fraudulent transactions, cardholder services, professional consulting and research services, compliance and penalty, account and transaction enhancement services, holograms, and publication services. MasterCard Incor porated manages and licenses payment card brands, including MasterCard, MasterCard Electronic, Maestro, and Cirrus. The company?s payment programs, which are facilitated through its brands, include consumer credit, debit and prepaid programs, commercial payment solutions, and contactless payment solutions. It serves approximately 22,000 financial institutions. The company was founded in 1966 and is headquartered in Purchase, New York.
Advisors’ Opinion:
- [By ]
Mastercard (MA) is looking to make things smoother between banks and crypto investors.
The credit card giant unveiled its Crypto Source program on Oct. 17, which the company said will “enable financial institutions to bring secure crypto trading capabilities and services to their customers.”
- [By Bob Ciura]
That’s well below the 19% average rate that Apple has grown at in the past decade. However, the company’s transformation to a services provider has been responsible for much of that growth, which we do not believe can be easily repeated. Dividend growth has averaged almost 29% in the 9 years since the company began paying a dividend. But we expect low-double digit annual dividend growth presently.
High-Growth Dividend Stocks: Mastercard (MA)
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As travel picks up, that's good news for the airlines and cruise lines. Cramer recommended keeping it simple with Southwest Airlines (LUV) – Get Report, which rose 2.8% today. He was also bullish on both Mastercard (MA) – Get Report and Visa (V) – Get Report.
Hot Tech Stocks To Buy For 2023: Latch, Inc.(LTCH)
Latch, Inc. operates as an enterprise technology company worldwide. Its products include LatchOS for Commercial Office, a commercial solution that would extend smart access, visitor and delivery management, smart device and sensor control, connectivity, and identity and personalization solutions; Latch Visitor Express, a contactless visitor entry system; The Latch Lens Partner Program that enables access device partners to leverage Latch's software and Latch Lens; LatchID, an identification system; and Latch C2, a smart access solution for retrofits and new construction. The company is headquartered in New York, New York.
Advisors’ Opinion:
- [By ]
Latch (NASDAQ:LTCH) and Resideo Technologies (NYSE:REZI) are both auto/tires/trucks companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, risk, analyst recommendations, valuation, profitability, earnings and dividends.
Hot Tech Stocks To Buy For 2023: Veeco Instruments Inc.(VECO)
Veeco Instruments Inc., together with its subsidiaries, designs, manufactures, and markets various equipments to make light emitting diodes (LEDs) and hard-disk drives worldwide. The company?s LED and Solar segment designs and manufactures metal organic chemical vapor deposition and molecular beam epitaxy systems and components for the manufacturers of LEDs, wireless devices, power semiconductors, and concentrator photovoltaics, as well as to research and development applications. Its Data Storage segment designs and manufactures various technologies, including ion beam etch, ion beam deposition, diamond-like carbon, physical vapor deposition, chemical vapor deposition, and slicing, dicing, and lapping systems to create thin film magnetic heads that read and write data on hard disk drives. The company was founded in 1945 and is headquartered in Plainview, New York.
Advisors’ Opinion:
- [By Joseph Griffin]
Veeco Instruments (NASDAQ:VECO) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.
- [By Ethan Ryder]
Shares of Veeco Instruments Inc. (NASDAQ:VECO) have been assigned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company.
Hot Tech Stocks To Buy For 2023: Squarespace, Inc.(SQSP)
Squarespace, Inc. operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet. The company offers websites, domains, e-commerce, tools for managing a social media presence, marketing tools, and scheduling capabilities. It serves small and medium-sized businesses, and independent creators, such as restaurants, photographers, wedding planners, artists, musicians, and bloggers. Squarespace, Inc. was founded in 2003 and is headquartered in New York, New York.
Advisors’ Opinion:
- [By Brian Feroldi (TMFTypeoh)]
We’ve got quarterly updates from companies we’ve talked about plenty on the show — Squarespace (NYSE:SQSP), Wix (NASDAQ:WIX), and The Trade Desk (NASDAQ:TTD). In this episode of Industry Focus: Tech, host Dylan Lewis along with Motley Fool contributor Brian Feroldi explore the stellar results from each business and why they didn’t seem to matter to the market.
