Best Value Tech Hardware, Storage & Peripheral Stocks To Buy In 2022 –

In the digital age, investing in companies that produce hardware has become more common. As for growth industries, technology is one area that investors have been watching closely. The popularity of new devices can be attributed to the rise of e-commerce and the shift from desktop computers to mobile devices. Since technology is a booming industry, there are numerous stocks to choose from. We have you covered if you are looking for investment ideas in this sector. This article will explore some of the best value technology hardware, storage, and peripheral stocks you can invest in right now.

Seagate Technology Holdings (STX)

Seagate Technology is a provider of data storage solutions. The company operates through three segments: Business Units (BU), Technology Solutions and Others. BU includes the company’s main hard drive products, accessories and services. Technology Solutions consists of enterprise, cloud and hybrid cloud and services and enterprise customer systems and services. Other includes the company’s equity investment in Western Digital, Seagate’s results from its captive financing activities and items not allocated to any segment. Seagate has grown revenue at an annualized rate of 5.5% over the past three years to a projection of $23.8 billion in 2021. The company also grew net revenue at an annualized rate of 4.0% over the previous three years to a projection of $5.1 billion in 2021 This strong growth can be attributed to the growing global demand for data storage and the rise of data analytics. Seagate is trading at a trailing P/E of 13.4x, a forward P/E of 12.4x and a book price value of 1.36x. These numbers indicate that Seagate is currently undervalued compared to its peers. Based on our analysis, Seagate is an excellent investment choice for long-term investors.

HP Inc. (HPQ)

HP Inc. is a provider of computer and printer products and services. The company operates through three segments: Personal Systems, Printing and Enterprise. Personal systems include traditional desktops, laptops, and premium reseller sales of other branded products. Printing includes laser printers and multifunction printers, and supplies and accessories. Enterprise includes printers, business inkjet systems, and office automation solutions. HP has grown revenue at an annualized rate of 1.8% over the past three years to a projection of $57.5 billion in 2021. HP has also grown net revenue at an annualized rate of 5.8% over the three years prior to a projection of $13.5 billion in 2021. This strong growth can be attributed to its focus on high-growth end markets and services and a strategic shift toward higher-value products and services. HP is trading at a trailing P/E of 14.1x, a forward P/E of 12.7x and a book price value of 1.6x. These numbers indicate that HP is currently undervalued compared to its peers. Our analysis shows that HP is an excellent investment option for investors with a long-term horizon.

Stratasys (SSYS)

Stratasys Inc. manufactures 3D printers and production systems for architects, designers, engineers, researchers, and designers. The company operates through three segments: 3D printing, manufacturing, and services. The 3D printing segment comprises 3D printers and services. The manufacturing segment includes production systems and materials. The services segment provides maintenance and support services. Stratasys has grown revenue at an annualized rate of 3.2% over the past three years to a projected $1.1 billion in 2021. Stratasys has also grown net revenue at an annualized rate of 6.9% over the past three years to a projected $230 million in 2021. This strong growth can be attributed to the increasing adoption of 3D printing technologies in different industries. Stratasys is currently trading at a trailing P/E of 16.0x, a forward P/E of 11.7x and a price-to-book ratio of 2.16x. These numbers indicate that Stratasys is currently undervalued compared to its peers. Based on our analysis, Stratasys is an excellent investment choice for investors with a long-term horizon.

3D systems (DDD)

3D Systems provides 3D printing, additive technology, and related services. The company operates through two segments: 3D Printing and Applanet. The 3D printing segment includes systems for the production of parts and products. Applanet’s feature includes systems that produce parts and products by applying materials such as plastics, resins, and ceramics to build objects layer by layer. 3D Systems has grown revenue at an annualized rate of 2.8% over the last three years to a projection of $1.8 billion in 2021. 3D Systems has also grown net income at an annualized rate of 7.5% over the three years previous to a projection of $74 million in 2021. This strong growth can be attributed to the increasing adoption of 3D printing technologies in different industries. 3D Systems is currently trading at a trailing P/E of 8.4x, a forward P/E of 10.4x and a price-to-book ratio of 1.38x. These numbers indicate that 3D Systems is currently undervalued compared to its peers. Based on our analysis, 3D Systems is a great investment option for investors with a long-term horizon.

conclusion

Here are some of the best value technology hardware, storage, and peripheral stocks you can invest in right now. These articles are worth considering if you are looking for investment ideas in this sector. However, our analysis shows that these stocks are undervalued compared to their peers. This article will explore some of the best value tech hardware, storage, and peripheral stores you can invest in right now. These stocks are worth countering if you want investment ideas in this sector. However, our analysis shows that these stocks are undervalued compared to their peers.

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