3 Internet Software Stocks to Buy for Growth & Momentum: FIVN, FTNT, TOST

Zacks11-20 08:40

At the moment, the Zacks Internet-Software Industry is currently in the top 14% of nearly 250 Zacks industries. Among the space, several intriguing software stocks are starting to stand out after ...

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Sporting a Zacks Rank #1 , here are three of these highly ranked software stocks to consider.Five9 is also expecting sales growth of over 10% in FY24 and FY25 with projections edging north of $1 billion. Reassuringly, Five9 was able to beat Q3 earnings and sales estimates by 15% and 3% respectively with FIVN checking an “A” Zacks Style Scores grade for both Growth and Momentum.Security software provider Fortinet FTNThas seen its stock rise over +50% in 2024 after recently hitting an all-time high of $100. Notably, FTNT checks a “B” Style Scores grade for Growth and an “A” for Momentum.Today, you can download 7 Best Stocks for the Next 30 Da","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","FIVN":"Five9 Inc","BK4023":"应用软件","BK4106":"数据处理与外包服务","BK4097":"系统软件","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","BK4532":"文艺复兴科技持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4585":"ETF&股票定投概念","LU0079474960.USD":"联博美国增长基金A","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU1917777945.USD":"安联专题基金Cl AT Acc","TOST":"Toast, Inc.","FTNT":"飞塔信息","IE0008368304.USD":"STEWART INVESTORS WORLDWIDE LEADERS SUSTAINABILITY FUND \"I\" (USD) ACC","BK4560":"网络安全概念","BK4227":"交易和支付处理服务","LU2286300806.USD":"Allianz Cyber Security AT Acc USD"},"translate_title":"3只值得买入以获得增长和动力的互联网软件股票：FIVN、FTNT、TOST","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TOST":1,"FIVN":1,"FTNT":1},"content_text":"At the moment, the Zacks Internet-Software Industry is currently in the top 14% of nearly 250 Zacks industries.\nAmong the space, several intriguing software stocks are starting to stand out after exceeding their third-quarter top and bottom line expectations earlier in the month. Sporting a Zacks Rank #1 (Strong Buy), here are three of these highly ranked software stocks to consider.\nFive9 - FIVN\nProviding cloud software for contact centers, Five9 FIVN shares look poised for an extended rebound and are making the argument for being in oversold territory. Trading under $40 a share compared to its 52-week high of $90, FIVN is at a more reasonable 15.7X forward earnings multiple. Plus, Five9’s annual EPS is now expected to increase 15% in fiscal 2024 and is projected to expand another 8% in FY25 to $2.56 per share.\nFive9 is also expecting sales growth of over 10% in FY24 and FY25 with projections edging north of $1 billion. Reassuringly, Five9 was able to beat Q3 earnings and sales estimates by 15% and 3% respectively with FIVN checking an “A” Zacks Style Scores grade for both Growth and Momentum.\nImage Source: Zacks Investment Research\nFortinet - FTNT\nSecurity software provider Fortinet FTNT has seen its stock rise over +50% in 2024 after recently hitting an all-time high of $100. Notably, FTNT checks a “B” Style Scores grade for Growth and an “A” for Momentum.\nFortinet was able to post Q3 earnings and sales surprises of 23% and 2%. Furthermore, Fortinet has been able to achieve record gross margins and operating margins which makes its growth trajectory more compelling.\nImage Source: Zacks Investment Research\nToast - TOST \nRounding out the list is Toast TOST, which provides software that helps restaurants build an on-demand network for online and dine-in orders. Toast has been one of the top-performing stocks in 2024 with TOST skyrocketing over +130% year to date.\nSitting at 52-week highs of $42 a share, the rally in TOST could continue after Toast posted a surprise profit of $0.07 a share compared to Q3 estimates of $0.01. Going public in 2021, Toast is expected to cross the profitability line in FY24 and is projected to post stellar EPS growth in FY25 with projections at $0.39.\nOptimism for Toast’s future earnings potential has been reflected in its rapid top line expansion with total sales projected to increase 27% in FY24 and forecasted to expand another 24% in FY25 to $6.13 billion. TOST has an “A’’ Style Scores grade for Growth and a “B” for Momentum.\nImage Source: Zacks Investment Research\nBottom Line \nEchoing the momentum in these highly ranked internet software stocks is that their EPS estimates have trended higher in the last 30 days for FY24 and FY25. This further suggests now is a good time to buy Five9, Fortinet, and Toast stock as they continue to carve out a niche in the top-rated Zacks Internet-Software Industry.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nFortinet, Inc. (FTNT) : Free Stock Analysis Report\nFive9, Inc. (FIVN) : Free Stock Analysis Report\nToast, Inc. (TOST) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484913830"}