Looking for Tech Stocks? These 3 Are Great Buys
Some investors and analysts associate the tech sector with pricey, speculative stocks. However, not all tech companies trade at expensive valuations. Some tech stocks like Lumen Technologies (NYSE: LUMN), Qualcomm (NASDAQ: QCOM), and Verizon Communications (NYSE: VZ) not only trade at low multiples, but also utilize cutting-edge technology to drive sales and, hopefully, investor gains.
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Admittedly, Lumen became cheap for a reason over the past several years. Customers cutting landline phones and cable TV services sent shares plummeting, leading to single-digit stock prices and dividend cuts. However, the company has now redirected its focus, offering edge computing, cloud, infrastructure, network, and security services. It also supports wireless providers such as T-Mobile, serving as the backbone of 5G networks.
Source Fool.com
