Ultime notizie per Data Storage (NASDAQ:DTST) Azioni

Data Storage

Data Storage Corporation engages in providing cybersecurity, compliance and cloud computing solutions. The company's segment includes Nexxis Inc; Flagship Solutions, LLC and CloudFirst Technologies Corporation and Corporate. It generates maximum revenue from the CloudFirst Technologies Corporation segment. The company's solutions include infrastructure, disaster recovery, email archival, compliance, electronic vaulting, virtualized recovery, telecom recovery services, and continuous data protection.

Data Storage Corp

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Here, the focus is on three companies poised on the brink of a breakthrough. It becomes evident why these stocks are compelling choices in 2024. One stands out with its impressive top-line growth and enhanced profitability, driven by strategic advancements. Meanwhile, another one has expanded into critical sectors like telecommunications and insurance, marking its potential for scalable growth. On the other hand, the last one on the list, a staggering revenue increase, highlights the surging demand for its haptic technologies, positioning it uniquely in the gaming, automotive, and virtual reality markets.</p>



<p>Understanding these breakthrough <a href="https://investorplace.com/industries/technology/">tech stocks</a>&lsquo; fundamentals is crucial. Each company demonstrates a focus on operational edge and strategic expansion. These are the top signs of sustainable growth in the competitive tech industry. Whether through top-line diversification, enhanced bottom-line, or advanced product offerings, these stocks present high fundamentals and opportunities to capitalize on the next wave of technological advancement.</p>



<h2>Celestica (CLS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/cls1600-300x169.png" alt="Person holding cellphone with website of Canadian electronics company Celestica Inc. (CLS) on screen in front of logo. Focus on center of phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Celestica</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/cls-stock-quote/"><strong>CLS</strong></a></span>) leads in advanced electronics manufacturing and supply chain offerings. Its&nbsp;top-line&nbsp;came to&nbsp;<a href="https://corporate.celestica.com/static-files/e5734a8b-faa0-4b9c-9a7f-3d5992421970" target="_blank">$2.21 billion</a>&nbsp;in Q1 2024. As a result, the top-line had a 20% annual increase. Up till now, the communications, consumer, and enterprise (<a href="https://investorplace.com/stock-quotes/ccs-stock-quote/"><strong>CCS</strong></a>) category has had the largest annual revenue gain, accounting for 38% of the total revenue growth. The segment holds 65% of the consolidated top line. The CCS segment achieved a margin of&nbsp;<a href="https://corporate.celestica.com/static-files/e5734a8b-faa0-4b9c-9a7f-3d5992421970" target="_blank">7%, marking</a>&nbsp;a 1.2% improvement annually. This margin expansion&nbsp;was driven&nbsp;by improved mix and volume leverage. Indeed, this indicates solid productivity gains within this high-growth segment.</p>



<p>Moreover, Celestica&rsquo;s operating margin improved to<a href="https://finance.yahoo.com/news/celestica-inc-nyse-cls-q1-130024241.html" target="_blank">&nbsp;6.2% in Q1 2024</a>, up from 5.2% in Q1 2023, representing a 1% annual increase.&nbsp;Indeed, this improvement highlights an uplifted bottom line driven by a favorable mix and production efficiencies across both segments. Towards the&nbsp;bottom-line, Adjusted EPS for Q1 2024 was $0.86, exceeding the guidance range&rsquo;s high end,&nbsp;reflecting a boost from $0.47 in Q1 2023. Higher operating earnings led to growth. Further, the bottom-line growth&nbsp;is also supported&nbsp;by a more favorable tax rate of 15% compared to the expected rate of 20%. </p>



<p>Overall, Celestica&rsquo;s solid position on the breakthrough tech stocks list stems from sharp top-line growth and improved profitability.</p>



<h2>Data Storage (DTST)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2018/04/datacentermsn-300x165.jpg" alt="Image of a well-lit data center"><div>Source: Shutterstock</div></div><p><strong>Data Storage</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/dtst-stock-quote/"><strong>DTST</strong></a></span>) offers business continuity solutions, disaster recovery, cloud infrastructure, cybersecurity, and IT services. In Q1 2024, the company derived&nbsp;<a href="https://d1io3yog0oux5.cloudfront.net/_18805814a9182b942ffc0f13167594f4/datastoragecorp/news/2024-05-15_Data_Storage_Corporation_Reports_20_Increase_in_125.pdf" target="_blank">20% annual growth</a>&nbsp;in revenue. The revenue improved from&nbsp;<a href="https://d1io3yog0oux5.cloudfront.net/_18805814a9182b942ffc0f13167594f4/datastoragecorp/news/2024-05-15_Data_Storage_Corporation_Reports_20_Increase_in_125.pdf" target="_blank">$6.9 million</a>&nbsp;in Q1 2023 to $8.2 million, reflecting a sharp demand for their business continuity solutions. The company expanded its contract with a major telecommunications company. Additionally, it secured a new contract with one of the largest insurance companies in the US. Indeed, opening a new office in London reflects strategic international growth initiatives.</p>



<p>Further, adjusted EBITDA for&nbsp;<a href="https://seekingalpha.com/article/4693644-data-storage-corporation-dtst-q1-2024-earnings-call-transcript?source=content_type%3Areact%7Csection%3ATranscripts%7Csection_asset%3ATranscripts%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1" target="_blank">Q1 2024 was $680K</a>, a vital increase from $336K in Q1 2023. This doubling of adjusted EBITDA reflects an improved operational edge and better cost management. Net income for Q1 2024 was $357K, against $50K in Q1 2023. This boost in net income certainly reflects a growing bottom line and effective utilization of resources. Moreover, the company&rsquo;s wider gross profit margin often reflects scalability in operations, indicating that as revenue grows, the bottom line can improve without a proportionate increase in costs. </p>



<p>To sum up, Data Storage&rsquo;s inclusion on the breakthrough tech stocks list is supported by considerable top-line growth, expanding profit margins, and strategic contract expansions.</p>



<h2>Immersion (IMMR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/virtual-reality-stocks-1600-300x169.jpg" alt="An abstract illustration of an adult wearing an AR/VR headset. VR Stocks"><div>Source: Andrush via Shutterstock</div></div><p><strong>Immersion</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/immr-stock-quote/"><strong>IMMR</strong></a></span>) edges on its haptic technology innovations. The company derived solid annual top-line growth. Compared to&nbsp;<a href="https://www.businesswire.com/news/home/20240508916868/en/" target="_blank">$7.1 million</a>&nbsp;in Q1 2023, the consolidated&nbsp;top-line&nbsp;reached $43.8 million in Q1 2024. This 5X (516%) rise points to a massive demand for&nbsp;Immersion&rsquo;s&nbsp;haptic technology across many industries. These include gaming, automotive, and virtual reality.&nbsp;</p>



<p>Further,&nbsp;Immersion&nbsp;delivered an improved bottom line in Q1 2024. The company&rsquo;s net income increased to $19.8 million, or $0.63 per diluted share, in Q1.&nbsp;This&nbsp;is a solid uplift from<a href="https://www.businesswire.com/news/home/20240508916868/en/" target="_blank">&nbsp;$9.5 million</a>, or $0.29 per diluted share, in Q1 2023. This growth in net income outpaces top-line growth and reflects sharp cost management and potentially higher-margin revenue streams. Immersion considerably bolstered its cash, increasing by $18.7 million to&nbsp;<a href="https://finance.yahoo.com/news/immersion-corp-immr-surpasses-q1-193141970.html" target="_blank">$179.1 million</a>&nbsp;by the end of Q1 2024, compared to $160.4 million at the end of December 2023. Hence, this liquidity enhancement marks&nbsp;Immersion&rsquo;s&nbsp;fundamental ability to execute strategic financial maneuvers.&nbsp;</p>



<p>In short,&nbsp;Immersion&rsquo;s&nbsp;notable top-line growth, improved bottom-line, and cash reserves contribute to its attractiveness on the breakthrough tech stocks list.</p>



<p><em>On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or<br>indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/3-tech-stocks-on-the-brink-of-a-major-breakthrough/">3 Tech Stocks on the Brink of a Major Breakthrough</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Tech Stocks on the Brink of a Major Breakthrough

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Finding promising, affordable stocks can yield substantial returns while making investments. Here, the focus is on three bargain stocks under $15, poised for considerable growth by 2026. These stocks present opportunities for capital appreciation based on resilient business models capable of navigating dynamic market conditions. </p>



<p>Understanding the fundamentals of these companies becomes crucial for potential high returns on modest investments. The fundamentals behind these companies may shoot their market valuation by a multifold jump in the mid-term.</p>



<p>Each company excels in distinct sectors, from power solutions to data management and healthcare services, leveraging strategic advancements to enhance profitability and expand market reach. As these stocks trade below $15, they offer accessible entry points for investors looking to diversify their portfolios with growth-oriented assets. </p>



<p>Capitalizing on these companies&rsquo; operational efficiencies, market expansion and strategic initiatives may bring higher value to portfolios. These top stocks present an opportunity to align high financial goals with their fundamental growth prospects.</p>



<h2>Power Solutions (PSIX)</h2>



<a href="https://investorplace.com/wp-content/uploads/2020/11/engineering.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/engineering-300x169.jpg" alt="Engineers in yellow jackets and hard hats looking at a laptop in a workshop"></a><p><strong>Power Solutions </strong>(OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/psix-stock-quote/"><strong>PSIX</strong></a></span>) operates in engines and power systems for industrial, agricultural and energy markets. The company&rsquo;s fundamental ability to boost its profitability against market adversities. For instance, during Q1 2024, the company experienced a sharp uplift in its bottom line. Specifically, there is a critical improvement in Power Solutions&rsquo; gross margin. For the quarter, Power Solutions&rsquo;&nbsp;<a href="https://investors.psiengines.com/news-releases/news-release-details/power-solutions-international-announces-first-quarter-2024" target="_blank">gross margin was 27%</a>, representing an increase of 6.8 percentage points against 20.2% a year ago. Hence, this signifies Power Solutions&rsquo; capability to expand its profitability through core operations.</p>



<p>Additionally, Power Solutions&rsquo; net income was&nbsp;<a href="https://investors.psiengines.com/news-releases/news-release-details/power-solutions-international-announces-first-quarter-2024" target="_blank">$7.1 million</a>, a 91% increase from $3.7 million in Q1 2023. Power Solutions&rsquo; increasing EPS further indicates the bottom-line expansion. It rose from 16 cents in Q1 2023 to 31 cents in Q1 2024, an increase of&nbsp;<a href="https://investors.psiengines.com/node/12896/html" target="_blank">15 cents per share</a>. This indicates that the company generates more profit per share, potentially leading to higher stock valuations.</p>



<p>To conclude, Power Solutions is on the bargain stocks under&nbsp;$15 list due to its solid bottom-line performance and potential for growth in the power solutions sector.</p>



<h2>Data Storage (DTST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cybersecurity1600b-300x169.jpg" alt="a business man pressing a button with an open lock on it that's connected to a symbol of a cloud and various security related icons. cheap cybersecurity stocks. multibagger cybersecurity stocks"><div>Source: Shutterstock</div></div><p><strong>Data Storage</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/dtst-stock-quote/"><strong>DTST</strong></a></span>) provides data protection, recovery and cloud solutions. The company has demonstrated sharp revenue growth. In the first quarter, the company enjoyed a near-20% boost in&nbsp;top-line sales, which hit&nbsp;<a href="https://www.dtst.com/news-events/press-releases/detail/125/data-storage-corporation-reports-20-increase-in-revenue" target="_blank">$8.2 million</a> from $6.9 million in Q1 2023.&nbsp;This&nbsp;indicates the company&rsquo;s expanding market presence and effectiveness in securing new contracts. The growth here is primarily based on infrastructure, disaster recovery cloud services, equipment and software sales.</p>



<p>Further, the company&rsquo;s gross profit surged by&nbsp;<a href="https://www.dtst.com/news-events/press-releases/detail/125/data-storage-corporation-reports-20-increase-in-revenue" target="_blank">42% annually</a> during the period. This considerable increase in gross profit points to the scalability of Data Storage&rsquo;s business model. Moreover, the gross profit margin uplifted to 36% from 30% in Q1 2023. Hence, this margin expansion&nbsp;signals&nbsp;the company&rsquo;s extended fundamental ability to sharply transform its top line into profits. Data Storage had net income of $357,000 versus&nbsp;<a href="https://seekingalpha.com/article/4693644-data-storage-corporation-dtst-q1-2024-earnings-call-transcript" target="_blank">$50,000</a>&nbsp;last year. Indeed, this shift to profitability reflects Data Storage&rsquo;s progressive strategic initiatives and operational edge.</p>



<p>In short, Data Storage is included on the bargain stocks under&nbsp;$15 list for its sharp revenue growth, profitability and business model.</p>



<h2>SelectQuote (SLQT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/insurance-300x169.jpg" alt="Man in suit with hands over paper cutouts of family, car and home. Represents insurance."><div>Source: thodonal88 / Shutterstock.com</div></div><p><strong>SelectQuote</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/slqt-stock-quote/"><strong>SLQT</strong></a></span>) excels in the insurance marketplace. The company&rsquo;s healthcare services segment surpassed expectations, with membership exceeding&nbsp;<a href="https://s23.q4cdn.com/545595037/files/doc_financials/2024/q3/SelectQuote-Inc-March-31-2024-Press-Release-VFinalv2.pdf" target="_blank">75,000 in Q3 fiscal 2024,</a>&nbsp;well above initial forecasts. This growth demonstrates solid market penetration and boosts immediate cash flow benefits. The embedded profit potential in this segment underscores its strategic importance and contribution to SelectQuote&rsquo;s overall financial health. SelectQuote has made considerable strides in improving funding costs and leverage through the securitization of receivables, amounting to&nbsp;<a href="https://s23.q4cdn.com/545595037/files/doc_financials/2024/q3/SelectQuote-Inc-March-31-2024-Press-Release-VFinalv2.pdf" target="_blank">over $1 billion.&nbsp;</a></p>



<p>Moreover, this financial strategy aims to enhance cash flows by accelerating receivable payments. Thereby, it is improving cash efficiency and overall returns on capital. The potential benefits also include debt repayment and extensions of loan maturities. Indeed, this collectively strengthens the balance sheet and reduces financing costs. </p>



<p>The Medicare Advantage business has a solid operational edge. There is a&nbsp;<a href="https://finance.yahoo.com/news/selectquote-inc-nyse-slqt-q3-170844134.html" target="_blank">nearly 30%</a>&nbsp;reduction in operating expenses per policy over the past two years (against 2021). It&nbsp;is driven&nbsp;by strategic shifts towards more efficient core senior agents. Hence, this operational focus improves cost structures with solid customer satisfaction and policyholder retention.&nbsp;&nbsp;</p>



<p>Overall, SelectQuote stands out in the bargain stocks under the $15 list for exceeding membership expectations and sharp operational performance.</p>



<p><em>On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/07/3-bargain-stocks-under-15-set-to-triple-by-2026/">3 Bargain Stocks Under $15 Set to Triple by 2026</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Bargain Stocks Under $15 Set to Triple by 2026

Data Storage Corporation files for mixed shelf offering of up to $50M

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>There&rsquo;s no denying that the recent selloff &mdash; especially in the technology space &mdash; rattled investor nerves. At one point, it seemed as if the innovation sector could do absolutely no wrong. Of course, that&rsquo;s usually about the time when circumstances go awry. Sure enough, a meltdown ensued, driving down several popular <a href="https://investorplace.com/industries/technology/">tech stocks</a>. However, that could also spell opportunity for the daring.</p>



<p>To be clear, I&rsquo;m not trying to make light of volatility. Certainly, when the market loses double-digit percentage points over a short period of time, it demands respect and closer investigation. At the same time, some evidence is emerging that the red ink has been overblown. For example, <em>The New York Times</em> noted that recession fears are not unfounded but <a href="https://www.nytimes.com/2024/08/06/business/economy/recession-markets-stocks.html">may not be worth panicking over</a>.</p>



<p>If that&rsquo;s the case, investors may want to look to the present the down-cycle as a chance to scoop up discounts. Below are several tech stocks to consider.</p>



<h2>Amdocs (DOX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/telecom1600e-300x169.jpg" alt="A digital illustration of the telecom industry."><div>Source: Shutterstock</div></div><p>An Israeli multinational telecommunications technology firm, <strong>Amdocs</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/dox-stock-quote/"><strong>DOX</strong></a>) offers specialized software and services for the communications, media and financial service sectors. While DOX stock hasn&rsquo;t been the most impacted by the recent downturn, the price action has been choppy over the past 52 weeks. However, as circumstances normalize, DOX could be one of the more intriguing tech stocks thanks to its broad relevancies.</p>



<p>Right now, Amdocs <a href="https://finance.yahoo.com/quote/dox/key-statistics">trades hands at 1.92X trailing-year sales</a>. That&rsquo;s lower than the prior year&rsquo;s average multiple of 2.06X. Also, the underlying infrastructure software industry features a <a href="https://fullratio.com/ps-ratio-by-industry">multiple of 3.9X</a>. Therefore, DOX stock has plenty of room to run. It&rsquo;s worth pointing out that Amdocs carries a levered free cash flow (<span>FCF</span>) of $737.59 million. Presently, investors are paying about 13X for this cash flow.</p>



<p>Looking ahead, analysts are targeting earnings per share of $6.45 on sales of $5.01 billion for fiscal 2024. That&rsquo;s up 9.14% and 2.6%, respectively. Given that shares are already undervalued relative to sales, DOX may be one of the tech stocks to consider picking up.</p>



<h2>Similarweb (SMWB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/analytics_streamlytics1600-300x169.jpg" alt="A businesswoman looks at a floating interface screen full of data."><div>Source: metamorworks/Shutterstock</div></div><p>A global software development and data aggregation company, <strong>Similarweb</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/smwb-stock-quote/"><strong>SMWB</strong></a>) brings to the table web analytics, web traffic and digital performance-related services. With enterprises competing aggressively in the digital ecosystem, it&rsquo;s never been more important to have an edge. That&rsquo;s where Similarweb enters the stage front and center. SMWB stock has been struggling since March of this year but a turnaround could be coming.</p>



<p>While it&rsquo;s a small enterprise, it&rsquo;s consistently profitable. In the past year since the second quarter, Similarweb posted an <a href="https://finance.yahoo.com/quote/smwb/analysis">average EPS of 3.5 cents</a>. This easily beat the consensus view of 1 cent. Based on the average of the past four quarters, the earnings surprise came out to 91.65%.</p>



<p>What makes SMWB stock even more attractive is the valuation. Right now, shares trade hands at 2.67X trailing-year revenue. That&rsquo;s only a little bit higher than the past year&rsquo;s average multiple of 2.57X. More importantly, the underlying application software industry runs a multiple of 3.89X. So, SMWB still has plenty of theoretical growth potential.</p>



<p>Analysts are also looking for fiscal 2024 sales to hit $246.88 million, up 13.2%. Thus, it&rsquo;s one of the undervalued tech stocks to consider.</p>



<h2>MoneyLion (ML)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/smartphone-mobile-financial-fintech-1600-300x169.jpg" alt="Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock Bargains. fintech stocks to buy"><div>Source: shutterstock.com/ZinetroN</div></div><p>A financial technology (fintech) firm, <strong>MoneyLion</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ml-stock-quote/"><strong>ML</strong></a>) provides personalized products and financial content for U.S. customers. The company&rsquo;s platform offers access to banking, borrowing and investing solutions. Primarily, it&rsquo;s known for RoarMoney, an insured digital demand deposit account. In addition, the company brings to the table cryptocurrency accounts, which should be popular with emerging generations.</p>



<p>As you can see from the charts, ML stock is risky. Things were look swell up until the tail end of May. From there, circumstances have not favored MoneyLion. However, contrarians may want to give the fintech firm another look. Financially, it&rsquo;s been performing well, delivering an average EPS of 3 cents in the past year. That&rsquo;s much better than the expected loss per share of 38 cents.</p>



<p>ML stock trades at 1.02X sales, lower than the prior year&rsquo;s average multiple of 1.31X. It&rsquo;s also significantly lower than the company&rsquo;s application software peers.</p>



<p>Best of all, experts are looking for fiscal 2024 sales to land at $526.62 million. If so, that would be up 24.4% from last year&rsquo;s $423.43 million. Translation? It&rsquo;s one of the tech stocks to consider.</p>



<h2>Alarum (ALAR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/hacker-300x169.jpg" alt="a faceless figure in a hoodie sitting in front of a laptop with lines of code in the background"><div>Source: Shutterstock</div></div><p>Another entity in the infrastructure software space, <strong>Alarum</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/alar-stock-quote/"><strong>ALAR</strong></a>) provides internet access and web data collection solutions throughout the Americas. It also serves Europe, Southeast Asia, the Middle East and Africa. Primarily, Alarum offers a security blanket against ransomware, viruses, phishing campaigns and other online threats. Due to the rise of such nefarious activities, ALAR stock commands great pertinence.</p>



<p>Now, if there is a drawback to Alarum, it&rsquo;s that the company isn&rsquo;t consistently profitable. What made ALAR stock lose significant equity value since July is its earnings misses. It has a chance to rectify matters when the company discloses its Q2 report toward the end of August. Until then, brave contrarians can speculate ahead of time.</p>



<p>Right now, shares trade hands at 5.58X last year&rsquo;s revenue. Admittedly, that&rsquo;s much higher than the prior year&rsquo;s average metric of 1.45X. However, analysts are projecting robust growth in fiscal 2024, to the tune of <a href="https://finance.yahoo.com/quote/alar/analysis">$36.17 million in sales</a>.</p>



<p>Assuming a shares outstanding count of 6.87 million, ALAR stock would be trading at 4.09X projected 2024 revenue. The multiple could come down even further as fiscal 2025 sales could land at $44.1 million. Thus, ALAR is one of the tech stocks to buy.</p>



<h2>Western Digital (WDC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/wdc-stock-3-300x169.jpg" alt="Front of a Western Digital (WDC) building in Malpitas, California."><div>Source: Valeriya Zankovych / Shutterstock.com</div></div><p>Falling under the computer hardware sector, <strong>Western Digital</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/wdc-stock-quote/"><strong>WDC</strong></a>) develops, manufactures and sells data storage devices and solutions. It brings to the mix a wide range of product categories, including hard disk drives and solid state drives for desktops, laptops and gaming consoles. Considering that such devices are unlikely to fade in relevance anytime soon, WDC could be an intriguing wager among discounted tech stocks.</p>



<p>To be fair, Western Digital sometimes struggles in the profitability department. In the past year, the company posted an average loss per share of 10 cents. However, this figure beat the consensus estimate of a loss of 41 cents. What&rsquo;s more, in the first half of this year, the company averaged an EPS of almost $1.04. This figure handily beat the consensus view of 69 cents.</p>



<p>Currently, WDC stock trades hands at 1.5X sales. That&rsquo;s a modest bump up from the prior year&rsquo;s average of 1.37X. However, it&rsquo;s much lower than the computer hardware sector&rsquo;s average multiple of 2.24X. Also, here&rsquo;s the kicker: analysts are targeting revenue of $17.58 billion by year&rsquo;s end. That&rsquo;s up 35.2% from the prior year, making the projected multiple even more attractive.</p>



<h2>Turtle Beach (HEAR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/01/hear-stock-1-300x169.jpg" alt="Image of a gamer with a headset facing a screen"><div>Source: Donna Lupgens / Shutterstock.com</div></div><p>Operating in the consumer electronics space, <strong>Turtle Beach</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/hear-stock-quote/"><strong>HEAR</strong></a>) manufactures gaming headsets and other accessories for the entertainment space. These include keyboards, mice and similar peripherals. It also offers keyboards under the Roccat brand, which is one of my go-to tools for my line of work. Thanks to broad relevancies, HEAR represents an intriguing opportunity among tech stocks.</p>



<p>As you might guess from the charts, Turtle Beach can be financially wild. In terms of earnings, sometimes the company delivers a big beat and sometime it doesn&rsquo;t. Overall, in the past four quarters, the consumer electronics specialist posted an average EPS of 6 cents. That was more than enough to beat out the expected loss per share of 4 cents.</p>



<p>Enticingly, HEAR stock trades at a 1X multiple to revenue. Yes, that&rsquo;s a noticeable percentage-wise increase from the prior year&rsquo;s average of 0.81X. However, the consumer electronics industry runs a multiple of 2.2X. So, HEAR is objectively undervalued.</p>



<p>To bring home the point, analysts are looking at <a href="https://finance.yahoo.com/quote/hear/analysis">fiscal 2024 sales to hit $376.86 million</a>. That&rsquo;s up a staggering 46% from last year. It&rsquo;s one of the tech stocks to gamble on.</p>



<h2>Data Storage (DTST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/cloud-computing-300x169.jpg" alt="an image of a cloud imprinted on a circuit board lit up by blue circuit lights. AVCT stock. cloud computing stocks"><div>Source: Blackboard / Shutterstock</div></div><p>Easily one of the riskiest ideas among discounted tech stocks, <strong>Data Storage</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/dtst-stock-quote/"><strong>DTST</strong></a>) operates in the information technology services space. Per its public profile, Data Storage offers data management cloud solutions in the U.S and international markets. Specifically, it brings a suite of multi-cloud IT solutions, including cyber and endpoint security.</p>



<p>Unfortunately, DTST stock is extremely volatile. While it&rsquo;s up on a year-to-date basis, the equity has been in free fall in the trailing month. Part of the reason comes down to the shaky financials, with the company lacking in consistency with its earnings performances. However, it should be noted that Data Storage trades at roughly 3.7X levered FCF, which is surprising. Typically, small entities trade at a very high multiple to cash flow.</p>



<p>Another enticing factor that could benefit DTST stock is that it trades at only 1.21X sales. In contrast, the IT services sector runs an average multiple of 2X. Moreover, analysts are anticipating fiscal 2024 sales to <a href="https://finance.yahoo.com/quote/dtst/analysis">hit $28 million</a>. That would imply a growth rate of 12.2%, making the valuation even more undervalued.</p>



<p><em>On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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Data Storage misses Q2 estimates

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Data Storage</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/dtst-stock-quote/"><strong>DTST</strong></a></span>) just reported results for the second quarter of 2024.</p><ul><li>Data Storage reported earnings per share of -4 cents. This was below the analyst estimate for EPS of 3 cents.</li><li>The company reported revenue of $4.91 million.</li><li>This was 23.28% worse than the analyst estimate for revenue of $6.40 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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DTST Stock Earnings: Data Storage Misses EPS, Misses Revenue for Q2 2024

Data Storage Corporation (DTST) Q2 2024 Earnings Call Transcript

There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Data Storage (DTST – Research Report) and WNS (WNS –...

Analysts Offer Insights on Technology Companies: Data Storage (DTST) and WNS (WNS)

Data Storage secures six-figure contract with educational music publisher

Data Storage secures expanded contract with billion-dollar insurance company

ALAR

DTST

DTSTW

HEAR

IMMR

PSIX

SLQT

SMWB

Earnings

Press Releases

Data Storage Corporation Reports 20% Increase in Revenue and Again Achieves Profitability for the 2024 First Quarter

News

Contracts

Data Storage Corporation Expands Contract with a Leading Business Process Solutions Provider

General

Data Storage Corporation Adds New Data Center in Chicago, Illinois

Data Storage Corporation Expands Services with One of the Nation's Largest Suppliers of Promotional Products

Data Storage Corporation Schedules Second Quarter 2024 Business Update Conference Call

Data Storage Corporation Reports 2024 Second Quarter Financial Results and Provides Business Update

Data Storage Corporation Secures Six-Figure Contract with One of the World's Largest Educational Music Publishers

Data Storage Corporation Announces New Cloud Hosting Agreement Servicing a Nationally Ranked Academic Medical Center

Data Storage Corporation Secures Expanded Contract Servicing a Billion Dollar Insurance Company

Data Storage Corporation to Present at the MicroCap Rodeo Fall Conference

Maxim Group

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