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Do you like searching for underestimated and potentially undervalued stocks? For ideas on how to start your own value search, we ran a screen you may be interested in.

We began by screening the tech sector for stocks that appear undervalued relative to earnings growth, with PEG below 1, that are also technically oversold, with relative strength index readings over the last 14 days below 40.

We then screened for strong sales trends by comparing growth in revenue to growth in inventory over the last year. We screened for stocks with positive sales trends, with faster growth in revenue than inventory over the last year. Since inventory represents the portion of goods not yet sold, faster growth in revenue than inventory is considered an encouraging sign.

To screen for strengthening liquidity, we also only focused on those companies with inventory decreasing as a percent of current assets.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall.

Do you think these companies are being underestimated? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. Globecomm Systems Inc. (NASDAQ:GCOM): Provides satellite-based communications infrastructure solutions and services. Market cap at $239.62M, most recent closing price at $10.40. PEG at 0.47. RSI(14) at 21.91. Revenue grew by 77.54% during the most recent quarter ($110.93M vs. $62.48M y/y). Inventory grew by -2.8% during the same time period ($46.12M vs. $47.45M y/y). Inventory, as a percentage of current assets, decreased from 30.72% to 26.16% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. Seagate Technology PLC (NASDAQ:STX): Designs, manufactures, markets, and sells hard disk drives for the enterprise, client compute, and client non-compute market applications in the United States and internationally. Market cap at $9.41B, most recent closing price at $22.14. PEG at 0.16. RSI(14) at 31.9. Revenue grew by 65.12% during the most recent quarter ($4,450M vs. $2,695M y/y). Inventory grew by 0.84% during the same time period ($841M vs. $834M y/y). Inventory, as a percentage of current assets, decreased from 15.15% to 13.21% during the most recent quarter (comparing 13 weeks ending 2012-03-30 to 13 weeks ending 2011-04-01).

3. Netgear Inc. (NASDAQ:NTGR): Designs, develops and markets networking products for home users and small businesses worldwide. Market cap at $1.12B, most recent closing price at $29.60. PEG at 0.69. RSI(14) at 36.29. Revenue grew by 16.79% during the most recent quarter ($325.62M vs. $278.82M y/y). Inventory grew by -4.14% during the same time period ($134.31M vs. $140.11M y/y). Inventory, as a percentage of current assets, decreased from 21.13% to 16.68% during the most recent quarter (comparing 3 months ending 2012-04-01 to 3 months ending 2011-04-03).

4. Insight Enterprises Inc. (NASDAQ:NSIT): Provides information technology hardware, software, and service solutions to businesses and public sector clients. Market cap at $642.61M, most recent closing price at $14.47. PEG at 0.43. RSI(14) at 29.97. Revenue grew by 1.99% during the most recent quarter ($1,244.18M vs. $1,219.9M y/y). Inventory grew by -11.88% during the same time period ($163.22M vs. $185.22M y/y). Inventory, as a percentage of current assets, decreased from 13.33% to 11.41% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 4 Undervalued And Oversold Tech Stocks With Strong Inventory Trends