2 Undervalued Tech Stocks To Scoop Up Now

In terms of non-GAAP forward price/earnings, CRUS is currently trading at 16.38x, 35.3% lower than the industry average 25.32x. In terms of forwarding price/sales, CRUS is currently trading at 3.19x, 17.6% lower than the industry average 3.87x.

A consensus EPS estimate of $4.62 for fiscal 2021 represents an improvement of 15.8% year-over-year. Also,  CRUS surpassed the consensus EPS estimates in each of the trailing four quarters. The consensus revenue estimate of $302.47 million for the quarter ending March 31, 2021, represents an 8.3% rise on a year-over-year basis.

Since  Jason Rhode stepped down as the CEO of CRUS on January 1, 2021, John Forsyth has been leading the company as the CEO. The company developed an advanced product portfolio of haptic and sensing ICs in May 2020. The stock has gained 32.1% over the past six months and closed yesterday’s trading session at $75.77.

CRUS’ strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which equates to Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors with each factor weighted to an optimal degree.

The stock has an A grade for Value as well and a B grade for Growth, Momentum, and Quality. We have also graded CRUS for Stability and Sentiment. Click here to access all of CRUS’ ratings.

CRUS is ranked #4 of 99 stocks in the B-rated Semiconductor & Wireless Chip industry.

Daktronics, Inc. (DAKT - Get Rating)

Based in Brookings, South Dakota DAKT is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software, and services for sporting, commercial, and transportation applications. The company designs, markets, manufactures, installs, and services integrated systems that display real-time data, graphics, animation, and video. DAKT operates through five segments — Commercial, Live Events, High School Park and Recreation, Transportation, and International.

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