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Overview Of Value Stocks In The Technology Sector

The Meaning Behind Value Stocks

A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

Benzinga Insights has compiled a list of value stocks in the technology sector that may be worth watching:

  1. Rimini Street NASDAQ:RMNI - P/E: 5.09
  2. Yalla Group NYSE:YALA - P/E: 7.4
  3. Freshworks NASDAQ:FRSH - P/E: 1.35
  4. BlackSky Technology NYSE:BKSY - P/E: 3.9
  5. Arrow Electronics NYSE:ARW - P/E: 4.97

This quarter, Rimini Street experienced an increase in earnings per share, which was $0.07 in Q2 and is now $0.09. This quarter, Yalla Group experienced an increase in earnings per share, which was $0.16 in Q2 and is now $0.17. Freshworks has reported Q3 earnings per share at $-0.01, which has increased by 83.33% compared to Q2, which was -0.06. BlackSky Technology has reported Q3 earnings per share at $-0.11, which has increased by 50.0% compared to Q2, which was -0.22. Most recently, Arrow Electronics reported earnings per share at $5.45, whereas in Q2 earnings per share sat at $5.78.

The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

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