According to the Fortune website, information technology and telecommunication services have an estimated growth of approximately 25% in 2017. Investing in IT stock is definitely attractive and will certainly make some cash for you.
If you plan to open a new or another investment account and you don’t know where to start when it comes to IT stocks, we have some information that might shed some light onto your next investment move. Stay with us, because we will give you 6 prominent IT companies to follow in 2017.
LAM Research (+1.82, 1.49%)
Lam Research was founded back in 1980 by David K. Lam in Santa Clara, CA. Its primary objective was to improve and invent technology for the semiconductor industry. Their products are used by many major players in the electronic industry.
It is currently a market-leading equipment supplier with a very broad product portfolio. They are focusing on products for plasma etch, photoresist strip, wafer cleaning, and film deposition. The constant yearly revenue increment and the stability of the the LAM Research company is what makes it worth of your interest. They are currently blooming on the stock market.
Snap Inc. (+0.019, 0.92%)
Snapchat was founded by Evan Spiegel in 2012. Back in those days, it was only an app available for iOS devices capable of only sending photos. When it was introduced with all of its innovative features, Snap Inc.’s stock price exploded. There are over 150 million people using Snapchat every single day.
In 2016, Snap Inc. had an amazing 400 million US dollar revenue. While the price of this company’s stock is still on the rise, some of the experts are afraid that Snapchat’s bubble might burst. We will have to wait and see how Snap Inc. will monetize their very popular app.
Facebook, Inc. (+0.40, 0.29%)
As you might already know, Facebook is a social networking company. The products of this company are Oculus, WhatsApp, Messenger, Instagram, and Facebook. It was founded by Mark Elliot Zuckerberg back in 2004. The headquarters of Facebook, Inc. are located in Menlo Park, CA.
Facebook is a very attractive company to invest into. Its stock price is on the rise on the global market, despite its huge scale. Currently, there are more than 1.5 billion Facebook users around the globe. This social network is continuing increase profits over time.
Experts say that it will continue to do so because it is very attractive for small and medium sized businesses. Beside the things mentioned above, Facebook’s potentials for digital marketing strategies render this platform a smart investment option.
Palo Alto Networks Inc. (+0.31, 0.27%)
Palo Alto Networks Inc. is a security company focusing on providing a safe environment for everyone. One of the side effects of the digital age is an increased risk of cyber breach. And, this company is trying to develop cybersecurity to prevent this from happening.
The products of this company are firewall devices, a virtualized firewall that can be deployed in the cloud computing environment, the Panorama network security management tool, security subscriptions, advanced endpoint protection software, and SaaS security solutions.
Amazon.com, Inc. (+0.44, 0.05%)
Amazon was founded by Jeffrey P. Bezos back in 1944. Its headquarters are located in Seattle, WA. Amazon has become a synonym for online retail shopping services. This company offers services not only for online customers and sellers but also to enterprises and content creators. With modernization, they have broadened their service range. Amazon now offers marketing and promotional services as well.
Besides the standard services, Amazon also sells the Kindle e-reader, which is very popular. It has sold thousands of copies around the world. Amazon is currently earning fixed fees, revenue fixed fees, revenue share fees, and per-unit activity fees from all kinds of transactions made via the Amazon website. It was a prominent company last year and there is nothing that can tell us that this is going to change in 2017.
Check Point Software Technologies Ltd. (+1.19, 1.20%)
This company was founded in 1993 and, since then, its sole purpose was to work on solutions that will provide their customers with protection. Check Point Software Technologies is a company that’s among the pioneers of the IT security industry.
They have developed custom security solutions for everyone. This company is one of the rare examples of how to successfully cast the net very wide. They have met the needs of an average computer owner all the way up to the needs of large enterprises. The proof stands both in the revenue and the number of satisfied customers.
These were the 6 IT companies that deserve your attention if you are planning to invest in stocks this year. Feel free to do some more scouting; maybe there is some new IT player on the rise, planning to enter the stock market.