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The Zacks Analyst Blog Highlights: UTStarcom Holdings, PC-Tel, Papa Murphy's Holdings, ZAGG and Extreme Networks

For Immediate Release

Chicago, IL – May 02, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include UTStarcom Holdings (NASDAQ: UTSI Free Report ), PC-Tel, Inc. (NASDAQ: PCTI Free Report ) , Papa Murphy’s Holdings (NASDAQ: FRSH Free Report ), ZAGG Inc. (NASDAQ: ZAGG Free Report ) and Extreme Networks, Inc. (NASDAQ: EXTR Free Report ).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .

Here are highlights from Monday’s Analyst Blog:

5 of the Best Stocks Under $10 for 2017

Here at Zacks, we don’t generally classify stocks as “cheap” or “expensive,” and rather than looking at the stock’s face value, we have a system that puts an emphasis on earnings estimate revisions to find stocks that will hopefully be winners for investors.

That being said, low-priced stocks can be attractive to smaller investors that can’t necessarily afford large stakes in companies with higher priced stocks. When looking at these low-priced stocks, we can look at the same trends in growth, value, and momentum and apply the Zacks Rank to properly analyze the potential that these companies have.

Today we’ve highlighted five stocks that are currently trading for under $10 per share. These stocks are also showing signs for solid growth throughout 2017, and all of them currently hold a Zacks Rank #1 (Strong Buy).

1. UTStarcom Holdings (NASDAQ:UTSI Free Report )

Prior Close: $2.03

UTStarcom is engaged in providing interactive protocol-based network solutions for cable and telecom operators. Based on our current consensus estimates, the Beijing-based company is poised to post quarterly EPS growth of 100% on May 12. UTStarcom has an impressive earnings surprise record, beating the Zacks Consensus Estimate by an average of 103% over the trailing four quarters, and it will hope that another beat can help continue its recent momentum that has seen the stock gain over 18% in the past 12 weeks. The company is also sporting a “B” grade for Value and an “A” grade for Growth.

2. PC-Tel, Inc. (NASDAQ:PCTI Free Report )

Prior Close: $7.74

PC-Tel is a developer of wireless solutions, including LAN software products and software-defined receivers that optimize the performance of cellular and Wi-Fi networks. It’s shaping up to be a year of aggressive earnings growth for PC-Tel, and our current Zacks Consensus Estimate calls for EPS growth of 80% when the company reports on May 9. Overall, PC-Tel is expected to post EPS growth of 150% this fiscal year. Moreover, the stock has gained more than 13% over the past 12 weeks, and as it approaches its 52-week high, PC-Tel will hope another solid earnings report can help it break into a new range.

3. Papa Murphy’s Holdings (NASDAQ:FRSH Free Report )

Prior Close: $4.88

Papa Murphy’s Holdings operates as a franchisor and operator of the “Take 'N' Bake” pizza chain in the United States. The innovative pizza chain will face tough year-over-year EPS comparisons when its reports on May 10, but it’s still shaping up to be a solid fiscal year for the company. Our current consensus estimates call for earnings growth of 31% this year, and we also expect to see slight revenue growth, despite slumping sales across the retail restaurant industry. Furthermore, we have seen three positive estimate revisions for the company’s full-year earnings over the past 60 days. On top of all of this, the stock is sporting an “A” grade for Value.

4. ZAGG Inc. (NASDAQ:ZAGG Free Report )

Prior Close: $7.10

ZAGG Inc. is a designer and manufacturer of protective coverings and accessories for consumer electronics. The company is best known for its “invisibleSHIELD” line of screen protectors. Although earnings in the company’s upcoming report will face tough year-over-year comparisons, 2017 is shaping up to be a year of impressive EPS and sales growth for ZAGG Inc. Our current consensus estimates call for full-year earnings growth of 183% on sales growth of 17%. This earnings estimate has also seen four positive revisions over the past 60 days.

5. Extreme Networks, Inc. (NASDAQ:EXTR Free Report )

Prior Close: $7.82

Extreme Networks is a developer of next-generation switching solutions that provide ISPs and content providers better performance at lower costs. In the upcoming report expected on May 3, the current Zacks Consensus Estimate calls for earnings of 5 cents per share—up from break-even figures in the year-ago quarter. We also expect to see revenue growth of 25% in the quarter. Extreme Networks has an impressive earnings history, beating the Zacks Consensus Estimate by an average of 104% in the trailing four quarters. For the full year, our consensus estimates call for EPS growth of 75% and revenue growth of 13%.

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Bottom Line

A stock’s market price is certainly not the most important factor to consider when considering whether or not to add it to your portfolio, and sales and earnings growth projections can prove to be tough to live up to.

Nevertheless, we can always use Zacks’ proven methods of finding quality stocks, and these five companies just happen to be showing strength while also trading for under $10 per share. If you would like to check out more of these low-priced stocks, look no further than our Stocks Under $10 portfolio service!

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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free .

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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UTStarcom Holdings Corp (UTSI): Free Stock Analysis Report
 
PC-Tel, Inc. (PCTI): Free Stock Analysis Report
 
Papa Murphy's Holdings, Inc. (FRSH): Free Stock Analysis Report
 
ZAGG Inc (ZAGG): Free Stock Analysis Report
 
Extreme Networks, Inc. (EXTR): Free Stock Analysis Report
 
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