Tech stocks

Tech stocks have been gaining momentum for the past two decades. Investors are also keen to try their money on growing tech companies. However, growth stocks are the favourite choice of investors who are looking to see a profit spike. Compared to the broader market, small tech investments yield big benefits at times. There are plenty of tech stocks that are experiencing drastic growth in the current volatile market situation. IndustryWired has listed top tech stocks that investors should keep an eye on in June 2021.

Virgin Galactic Holdings Inc

Virgin Galactic Holdings is an aerospace company pioneering human spaceflight for private individuals and researchers, as well as a manufacturer of advanced air and space vehicles. By using its disruptive technologies, the company is developing a spaceflight system designed to offer its customers a unique, multi-day, and transformative experience. Virgin Galactic Holdings aims to use the space for food while delivering an unparalleled customer experience. The company also designs exploration techniques such as missiles, rockets, and other related equipment. Virgin Galactic Holdings’s stock is priced at US$31.23 and is up by over 50% since the start of May. It is anticipated to grow even further this month.

Zscaler

Zscaler is a global cloud-based information and security company that enables secure digital transformation for a mobile and cloud-first world. The company is revolutionizing internet security with the industry’s first security as a service platform. Zscaler is responsible for securing more than 400 of the Forbes Global 2000 companies. These organizations realized the importance of the company’s cloud-delivered security-as-a-service and are used it for their benefit. Zscaler ensures that its total of 13 million users worldwide is protected against cyber-attacks and data breaches while staying fully compliant with corporate and regulatory policies. The company’s stocks currently trade at US$194.20.

Palantir Technologies

Palantir Technologies provides organizations with solutions to manage large disparate datasets in an attempt to gain insight and drive operational outcomes. The company offers software applications designed for integrating, visualizing analyzing data, and fighting fraud. Palantir Technologies aims to create the world’s best user experience for working with data, one that empowers people to ask and answer complex questions without requiring them to master querying languages. Palantir technologies’ stock is priced at US$22.95. According to reports, the company’s revenue came in 49% higher year-over-year to US$341 million in the first quarter. Besides, the management expects revenue to increase 43% to US$360 million in the second quarter of 2021.

CDK Global

CDK Global is a provider of integrated information technology and digital marketing solutions to the automotive retail industry. The company integrates workflow processes from pre-sale targeted advertising and marketing campaigns to the sale, financing, insurance, parts supply, repair, and maintenance of vehicles. CDK Global is committed to helping dealers connect to and serve their customer base while growing their business in the way in which they envision. Today, the company serves over 17,000 auto heavy truck, agriculture, construction, powersports, marine, and RV dealerships throughout North America. CDK Global’s stock is currently trading at US$52.75.

Arrow Electronics

Arrow Electronics, Inc. distributes electronic components and computer products to industrial and commercial customers. The company’s guides innovation forward for over 180,000 leading technology manufacturers and service providers. Arrow Electronics leverage an extensive technology partner ecosystem, products, and services portfolio, expertise, and scale. With a presence in 80 countries across the globe, the company brings the expertise of over 3,000 engineers including solution architects, application developers, and software developers to address customer’s unique business challenges. Arrow Electronics’ stock is currently trading for US$121.92.