6 Tech Stocks That Rate Better Than Apple
So I'm curious: Which stock is next? Are there other tech companies that have even better metrics than Apple and could be up-and-comers?
To find these stocks, I selected two key metrics on which I place a high degree of importance when evaluating a stock from a fundamental perspective: return on equity and gross margins. The companies I found have ROE greater than Apple's 45.6% and gross margins greater than Apple's 44.7%.
Revenue for the company grows in the low double-digit percentages, but given Gartner's business model as a service provider, its high gross margin rate converts revenue growth into even higher earnings growth. Earnings per share are expected to rise at a percentage rate in the mid-20s in 2012 and 2013.