Tech stocks performed very well in 2013 and this trend is expected to continue in 2014. Analysts expect a large number of tech stocks to report high earnings and revenue growth this year. This also means that their share prices will go up. If you are looking for value and growth in 2012, you need to get tech stocks in your portfolio. The future looks bright for the technology industry because of technology advancement. The economy is also improving and there is a high demand for virtualization, data analysis, and big data. Here are tech stocks to buy in 2014 for growth and value investors.
Verint Systems Inc. (NASDAQ:VRNT) specializes in security intelligence and actionable intelligence solutions. An increasing number of individuals and corporations are paying more attention to security and this means that the company’s revenue and earnings are likely to increase in 2014. The company is expected to take advantage of the increased demand in security solutions. Its share price is expected to go beyond the $40 mark. Cyber threats have become a significant concern in corporate America and this is not expected to change. Companies have a lot of incoming data that they need to manage and threats from terrorists and criminals are likely to increase. Verint Systems focuses on these kinds of threats and this is expected to boost its revenue. The company also helps large corporations to analyze large amounts of data and this service is expected to be on high demand and organizations take security more seriously.
Synchronoss Technologies Inc (NASDAQ:SNCR) is another option to consider if you are in search of tech stocks to buy in 2014 for growth and value investors. Synchronoss Technologies offers activation and handset backup services for mobile operators. Wall Street analysts expect the company’s sales and revenue to increase by 20%. The company’s share price currently stands at about $30 and analysts expect it to go up to $51 in the coming months.
Nice Systems Ltd (NASDAQ:NICE) is one of the leading software solutions providers across the globe. This tech stock is expected to perform well in 2014. Its services allow corporations to identify the best actions to enhance business outcomes and customer experience. The services also come in handy as companies across the globe try to identify the most appropriate measures to take in the fight against financial crime. This stock is likely to grow in 2014 because it offers services that empower organizations in regard to data management. The share price is expected to increase to $43 in the next few months. The increasing demand for security solutions and data management services makes this tech stock a must have if you are looking for additional value and growth.
ARRIS Group Inc (NASDAQ:ARRS) creates cable set-top boxes and broadband modems. It share price is expected to rise in 2014 as companies upgrade their equipment in order to offer efficient and fast IP networks. Its shares have risen significantly over the last month and this trend is expected to continue.
Imperva Inc (NYSE:IMPV) is a leading network security provider and the stock is expected to perform very well in the next 12 months. The company provides a solution that is designed to help organizations prioritize and manage risk in regard to important business information. Its solutions allow companies to protect themselves from malicious insiders and hackers. The solutions also ensure that companies comply with industry and government regulations. Its share price is currently above $50 and analysts believed that it is going to rise even higher. There is a strong demand for network security and corporate America has recognized the need to protect business data. This stock is expected to exploit this demand and increase its sales and revenue.
Fortinet Inc (NASDAQ:FTNT) is a small company that is expected to perform well in 2014. In 2013, the company launched high performance network firewall appliances designed for cloud carriers and provider, data centers, and leading service providers. This was the first company to offer 40 GbE and 100 gbps+firewalls throughput ports in compact appliances. The increasing demand for network security will push the share price up.
This tech stock is expected to be one of the most valuable in 2014. SanDisk’s shares (NASDAQ:SNDK) rose significantly in the last quarter of 2013 and analysts believe that the company will continue to grow. The company develops flash memory and it has made deals with several Chinese handset manufacturers. China is home to some of the leading handset manufacturers and these deals are expected to push the share price even higher. The company has also made a deal with Apple and it is expected to be benefit significantly when a new iPhone is announced in 2014.
Check Point Software Technologies
Check Point Software Technologies Ltd (NASDAQ:CHKP) is one of the leading companies in mobile data protection. Smartphones and tablets are the most popular devices in the market as customers look for convenience ways to access data. Check Point offer s a wide range of mobile data protection products for large corporation. These products offer a comprehensive security solution for companies that need to secure their business information. The share price is expected to go up to $66 this year and this makes it one of the tech stocks to look out for in 2014.
Tangoe Inc (NASDAQ:TNGO) is one of the leading communications lifecycle management (CLM) providers in the world. The company also offers services and software to various organizations. The company is expected to perform well in 2014 because of communication advancements. Communication is dynamic and organizations are increasingly relying on technology to carry out their daily operations. This company offers tools that companies can apply in order to respond in an economical, effective, and efficient way to changes in the communications environment. Organizations rely on mobile and fixes solutions and services and this is what the company offers. The company’ stock is expected to increase because of the increasing demand for mobility in corporate America.
The tech industry is expected to be one of the high performers in 2014 as organizations upgrade their systems to enhance security and comply with regulations. Tech stocks are the best buy for investors who want to enjoy the value and growth this year. Its important to watch closely what is happening in stocks.