2 Tech Stocks to Buy in March

2 Tech Stocks to Buy in March

2009
0
SHARE

GoPro offers an investment opportunity as this promising growth stock is currently available at a significant discount in March. The share price of GoPro is off its 52-week high by as much as 60%, despite multiple catalysts for the company on the horizon. Last month, the mountable-camera maker reported optimistic fourth-quarter results that were better than market expectations. GoPro sold 1,000 cameras an hour on average during the entire quarter, showing signs that its rugged cameras are much more than a passing fad.

However, GoPro’s growth is not dependent only on strong camera sales. By putting consumers in the content driver’s seat on its GoPro Network, the best-selling camera brand is increasing its presence in a global media powerhouse. GoPro-generated content currently had wide range of audience. Actually, last year, GoPro’s customers uploaded about four years of video content available on YouTube that specifically contained GoPro in the title.

Moving forward, the company is on track to start monetizing this media by licensing the content users shared with the company by uploading on its site. Moreover, GoPro is entering into strategic partnerships with sports franchises and multinational hotel brands that are expected to help strengthen its media firepower in the coming time. Take an example of its partnership with familiar faces such as the NHL, ESPN, and Marriott Hotels. GoPro’s agreement with the NHL is optimistic because it places the company to take advantage of other opportunities available in the professional sports arena.

With GoPro shares currently significantly lower than its 52-week high, long-term investors may see it as entry point for a potential multibagger stock at an early stage of its growth story.

LinkedIn is a huge success and has an extremely compelling business model. Undoubtedly, this company is the global leader in the emerging online professional networking segment. The industry it belongs provides massive potential for growth over the long term.

The company has over 347 million registered users which showed an increase of 25% in the last quarter. Therefore, LinkedIn has visibly attained a minimum figure required to become powerful entity and established its relevance. As the network grows, it becomes more valuable to both employers and job seekers, so the platform is turning out to be more powerful as it expands over time.

LinkedIn is taking all necessary steps needed by its three different business segments. Net revenue during 2014 showed a notable rise of 45%, reaching at $2.2 billion. Sales in talent solutions moved up 46%, and similar results were recorded for its marketing solution revenues, while revenue generated from premium subscription advanced 42% over the year. With the three business segments moving higher at more than 40% yearly, everything is backing that LinkedIn will reach sustained growth in the years ahead.

The business model is satisfying to be truly scalable, and profit margins have been moving on the growth track during the last several quarters. Adjusted EBITDA margin moved to 28% of sales during the last quarter in 2014, compared with a 25% rise seen in the same period during 2013. LinkedIn’s sales are on the fly and, in the wake of growing profit margins, earnings are expected to outgrow sales over the coming years.

NO COMMENTS

LEAVE A REPLY