The retreat in share prices is offering investors who want to buy cloud stocks a chance to do so at a discount compared to just a few months ago, even though the financial fundamentals of such businesses have hardly changed. Despite the recent slide of technology stocks, the sales growth of cloud companies — offering software and services on the internet instead of locally on one’s computer — have avoided steep plunges.
Dividend-paying Marvell Technology Group Ltd. (NASDAQ:MRVL) received a buy rating from BoA Global Research, along with a $60 price objective. “A good choice is hard-disk maker Seagate Technology (NASDAQ:STX),” Carlson told me. “In fact, it is the only pure play left among disk drive makers,” said Bob Carlson. Both San Diego-based Qualcomm Inc. (NASDAQ:QCOM), a provider of semiconductors, software and services to support wireless technology, and San Jose, California-based Broadcom Inc. (NASDAQ:AVGO), a developer, designer, manufacturer and supplier of semiconductor and infrastructure software products, pay dividends.
Source: Dividend Investor
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