Global economy is ending the year in a fragile state with recession in Japan, shrinking factory activity in China, weak business growth in euro zone and spiralling currency crisis in the emerging market giant Russia. On the flip side, Federal Reserve gave an upbeat assessment of the U.S. economy and mentioned that it would take a patient approach towards raising interest rates.
Today, we have shortlisted seven U.S technology stocks that have derived significant portion of their revenue domestically for their latest reported quarter, suggesting that these companies are less exposed to currency volatility risk of other nations. Moreover, these stocks are expected to report strong sales growth for fiscal year 2014. During the past one month, majority of the stocks have registered price gains with daily average trading volumes in excess of 100,000.
| Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Average Volume |
Price Change (1-Month) |
Revenue from Foreign Sources |
Sales Growth 2014 (E) |
|
Dealertrack Technologies Inc |
TRAK |
NASDAQ |
2,345.2 |
43.40 |
533,944 |
-5.2% |
8.0% |
75.7% |
|
Proofpoint Inc |
PFPT |
NASDAQ |
1,788.9 |
46.91 |
379,798 |
9.1% |
19.1% |
39.4% |
|
Nimble Storage Inc |
NMBL |
NYSE |
2,118.5 |
28.36 |
629,259 |
1.4% |
19.8% |
79.5% |
|
E2open Inc |
EOPN |
NASDAQ |
262.6 |
8.99 |
344,573 |
38.7% |
22.6% |
13.7% |
|
Callidus Software Inc |
CALD |
NASDAQ |
741.1 |
15.24 |
443,713 |
-6.0% |
24.7% |
19.6% |
|
Medidata Solutions Inc |
MDSO |
NASDAQ |
2,418.5 |
44.58 |
391,664 |
10.3% |
26.4% |
21.7% |
|
Ultra Clean Holdings Inc |
UCTT |
NASDAQ |
262.8 |
8.90 |
143,088 |
7.0% |
29.7% |
15.2% |
Source: Bloomberg
Company Description
Dealertrack Technologies Inc (NASDAQ: TRAK)
Dealertrack Technologies Inc. provides on-demand software and data solutions for the automotive retail industry in the United States. The company utilizes the Internet to link automotive dealers with banks, finance companies, credit unions and other financing sources, and other service and information providers, such as the major credit reporting agencies.
Proofpoint Inc (NASDAQ: PFPT)
Proofpoint, Inc. is a global provider of enterprise software solutions. The company’s products are comprised of an integrated suite of on-demand data protection solutions, including threat protection, regulatory compliance, archiving and governance, and secure communication. Proofpoint offers its services to large and mid-sized organizations worldwide.
Nimble Storage Inc (NYSE: NMBL)
Nimble Storage, Inc. provides enterprise storage and back-up solutions. The company offers hybrid storage arrays, virtual server infrastructure, and flash memory for restoring and backups. Nimble Storage markets its products worldwide.
E2open Inc (NASDAQ: EOPN)
E2open, Inc. develops and deploys enterprise software cloud solutions for businesses. The company offers supply, demand, and mulit-tier management, as well as multi-enterprise integration, business intelligence, and multi-enterprise foundation. E2open serves clients internationally.
Callidus Software Inc (NASDAQ: CALD)
Callidus Software delivers enterprise application software called business performance systems. The company’s Enterprise Incentive Management (EIM) software system allows enterprises to model, administer, analyze and report pay-for-performance plans, which are designed to align employee, sales, and channel tactics with targeted business objectives.
Medidata Solutions Inc (NASDAQ: MDSO)
Medidata Solutions, Inc. provides hosted clinical development solutions. The company’s solutions include comprehensive platform that integrates electronic data capture, or EDC, with a clinical data management system, or CDMS, in a single solution that replaces traditional paper-based methods of capturing and managing clinical data.
Ultra Clean Holdings Inc (NASDAQ: UCTT)
Ultra Clean Holdings, Inc. develops and supplies critical subsystems for the semiconductor capital equipment industry, focusing on gas delivery systems. These gas delivery systems enable the precise delivery of specialty gases used in a majority of the key steps in the semiconductor manufacturing process.
