3 Stocks That Are Fantastic Deals Right Now

Good deals are few and far between in the stock market right now. Low interest rates and inflation worries have pushed the S&P 500 to its highest forward PE ratio since the Dot Com Bubble. Still, there are some promising companies that have slipped through the cracks for one reason or another. Adding these discounted stocks to your portfolio can boost your long-term returns, whether you're a growth or value stock investor.

Akamai (NASDAQ: AKAM) is a leader in the content delivery network (CDN) industry. CDNs allow websites to run more quickly, and they've become more important with the proliferation of video streaming, richer website content, and data-dependent businesses.Demand for CDN services is expected to keep growing rapidly, but it won't necessarily translate to results for all of the vendors. Akamai competes with formidable foes, including Alphabet, Cloudflare, and Fastly.

Competition can destroy pricing power and growth, and Akamai has struggled with that exact problem. It's being outpaced by competitors and averaging slower than 10% revenue growth.
Its CDB segment was flat year over year in the most recent quarter. In a vacuum, it makes sense that the stock's forward PE ratio is only 18.4, while its competitors trade at higher multiples of sales.

Source Fool.com