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Value-Adding Growth Stocks To Buy Now

Lawrence Carr

High-growth stocks that are financially stable are attractive for many reasons. They provide a strong upside to your portfolio, with less likelihood of downside risks compared to less financially robust companies. If a buoyant growth prospect is what you’re after in your next investment, I’ve put together a list of high-growth stocks you may be interested in, based on the latest financial data from each company.

Paylocity Holding Corporation (NASDAQ:PCTY)

Paylocity Holding Corporation provides cloud-based payroll and human capital management (HCM) software solutions for medium-sized organizations in the United States. Founded in 1997, and now run by Steven Beauchamp, the company employs 2,115 people and with the company’s market capitalisation at USD $2.64B, we can put it in the mid-cap category.

Extreme optimism for PCTY, as market analysts projected an outstanding earnings growth, which is expected to more than double, supported by an equally strong sales growth of 50.55%. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 33.15%. PCTY’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. A potential addition to your portfolio? I recommend researching its fundamentals here.

NasdaqGS:PCTY Future Profit Nov 6th 17

Telenav, Inc. (NASDAQ:TNAV)

Telenav, Inc., together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company provides employment to 746 people and with the company’s market capitalisation at USD $254.79M, we can put it in the small-cap group.

An outstanding 89.45% earnings growth is forecasted for TNAV, driven by the underlying 77.38% sales growth over the next few years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. TNAV ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Considering TNAV as a potential investment? Take a look at its other fundamentals here.

NasdaqGS:TNAV Future Profit Nov 6th 17

Adobe Systems Incorporated (NASDAQ:ADBE)

Adobe Systems Incorporated operates as a diversified software company worldwide. Started in 1982, and run by CEO Shantanu Narayen, the company size now stands at 15,706 people and with the company’s market cap sitting at USD $89.86B, it falls under the large-cap group.

ADBE is expected to deliver an extremely high earnings growth over the next couple of years of 63.16%, driven by a positive double-digit revenue growth of 42.90% and cost-cutting initiatives. Although reduction in cost is not the most sustainable operational activity, the expanding top-line growth, on the other hand, is encouraging. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 29.72%. ADBE’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Could this stock be your next pick? I recommend researching its fundamentals here.

NasdaqGS:ADBE Future Profit Nov 6th 17

For more financially robust companies with high growth potential to enhance your portfolio, use our free platform to explore our interactive list of these stocks.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.