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Tech Stocks Now Even Hotter with Latest News

HENDERSON, NV / ACCESSWIRE / March 20, 2019 / Technology stocks had a challenging 2018. The Tech Select Sector SPDR (XLK) finished the year on a nearly 3% decline and the tech heavy Nasdaq Composite dropped nearly 4%. However, 2019 has been a bounce back year for the sector. The XLK is the best performer on the S&P 500 gaining almost 17% and the Nasdaq Composite is up almost 15%. After President Trump said on Thursday that the US will receive information on the final parameters of a trade deal with China within the next 3-4 weeks, it is expected that the stellar performance of tech sector will continue. Any news that would go towards settlement of the trade deal would be a major win for investors across all sectors, but particularly tech since tech sector suffered the most due to trade conflict.

Looking at specific technologies to focus on, Puerto Rico's governor Ricardo Rossello promised the development of a new technology center which would focus on artificial intelligence technology and "internet of things" devices and drones. These technologies can be used to create features which would detect flooding in case of a storm, apart from helping it rebuild from the September 2017 storm.

If you are looking to invest in IoT/AI growth plays, Gopher Protocol Inc. (GOPH) is a great place to start. This IoT/AI hybrid is a development-stage company which considers itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. The company has a patented self-learning and adaptive Integrated Circuit (IC) called the GopherInsight™, which is GOPH's suite of mobile applications, and their Avant! machine learning system (AI component) which connects to several devices on the network (IoT component). GOPH's Avant! AI has completed Phase I of AI-based robotics research involving the identification of the robot's environment using integrated sensors, location and computer vision.

Today we are highlighting: Gopher Protocol Inc. (GOPH), NII Holdings, Inc. (NIHD), Groupon, Inc. (GRPN), Avid Technology, Inc. (AVID), and Arlo Technologies, Inc. (ARLO).

Gopher Protocol Inc. (GOPH) (Market Cap: $101.792M; Share Price: $0.48) has completed several tests recently. One of the recent tests cleared GOPH for field testing outdoors. Other recent research tests identified successful cognitive robotics features where robots were able to sense their environment by means of integrated sensors, location and computer vision. The company's AI artificial intelligence engine was successfully integrated into robots resulting in improvements in robots' perception and understanding of human activities and verbal communications.

The company announced it has filed a non-provisional patent application with the United States Patent and Trademark Office (USPTO) covering Gopher's 3D microchip design and manufacturing technology. The goal of the technology specified in this application is to facilitate the design and manufacturing of superior computing microchips to power AI systems, wireless and IoT/Mobile systems.

Speaking of IoT systems, GOPH initiated testing multiple antenna types and configurations as part of the final phase of development for its mesh network gateway device. Antennas are a crucial part of any wireless system, being the central communicator between wireless clients, so this announcement was very promising.

NII Holdings, Inc. (NIHD) (Market Cap: $212.842M; Share Price: $2.11), a Brazilian cellphone provider, which holds the remains of Nextel, told investors a month ago that it would be reporting end-of-2018 earnings last week and holding its earnings conference call shortly thereafter. But the company made a last-minute change. NII changed its mind and announced it will be rescheduling both events, pushing earnings back to Monday, March 18.

Groupon, Inc. (GRPN) (Market Cap: $1.962B; Share Price: $3.44) reported mixed fourth-quarter 2018 results. Although revenues of $799.9 million declined 8% on a year-over-year basis (7% at FX neutral), it surpassed the Zacks Consensus Estimate of $792 million. The year-over-year decline can primarily be attributed to lower customer traffic. The company has been trying to reduce dependence on goods deals and is shifting focus toward local services market. The local services market is a high margin market which is expected to boost its profitability.

Avid Technology, Inc. (AVID) (Market Cap: $293.166M; Share Price: $6.98) reported fourth-quarter net income of $5.9 million after reporting a loss in the same period a year earlier. On a per-share basis, the Burlington, Massachusetts-based company said it had net income of 14 cents. Earnings, adjusted for amortization costs and stock option expense, were 29 cents per share. The audio and video technology company posted revenue of $112.7 million in the period. For the year, the company reported that its loss narrowed to $10.7 million, or 26 cents per share. Revenue was reported as $413.3 million. For the current quarter ending in April, Avid said it expects revenue in the range of $96 million to $104 million. The company expects full-year revenue in the range of $420 million to $430 million.

Zacks Investment Research reported analysts forecast that Arlo Technologies, Inc. (ARLO) (Market Cap: $308.159M Share Price: $4.15) will announce $50.70 million in sales for the current fiscal quarter. Two analysts have made estimates for Arlo Technologies' earnings with the highest sales estimate coming in at $51.40 million and the lowest estimate coming in at $50.00 million. The business is expected to announce its next quarterly earnings results on Tuesday, May 7th.

Signed by

Priyanka Goel, CFA

Legal Disclaimer:

This article was written by Regal Consulting, LLC ("Regal Consulting"). Regal Consulting has agreed to a two-month term consulting agreement with GOPH dated 12/31/18. The agreement calls for $100,000 in cash per month. All payments were made directly by Gopher Protocol, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. GOPH was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.

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