Tech stocks have been on a tear recently, with the Nasdaq
composite tacking on about 14% since Sept. 1. While big-name blue
chips have gotten in on the party, some of the most dramatic
performers in the tech sector have been small-cap penny stocks that
have seen massive surges in sales, profits and share price.
As the market continues to push higher, many of these high-tech
penny stocks still have a lot of room to run. To help you get your
share of the profits, here are seven soaring Internet penny stock
investments to consider:
Geeknet Inc. (
) is an online network consisting of technology professionals and
consumers of tech products. The company owns several websites
dedicated to technology news and discussion. Geeknet
also sells "geek-themed" products to consumers on its ThinkGeek
website. Since going public in August, the stock has jumped
52.2%, compared to gains of 12.1% and 6.7% for the Nasdaq and
Dow. On top of stock gains, GKNT reported a quarterly revenue
growth of nearly 30% in its last income statement. Geeknet is
a penny stock to buy, priced at $2.08.
NaviSite Inc. (
) is an information-technology company that provides
enterprise-hosting solutions, customized managed application
services and remote operations services. Year-to-date, this
tech stock has climbed 75%, compared with smaller gains by
the broader markets. NaviSite is certainly a small-cap stock,
with a market cap of just $133 million. However, a stock price of
just $3.51 makes it an affordable stock worth buying.
Zix Corp. (
) is an e-mail encryption service company that works with the
health-care, financial services, insurance and government
sectors. Since January, ZIXI stock is up $2.01, or
117.5%. Additionally, ZIXI has outperformed earnings
estimates for three consecutive quarters. Currently trading
at $3.73, ZIXI is not far removed from its 52-week high of
EasyLink Services International (
EasyLink Services International
) provides services that facilitate the electronic exchange of
documents and information between enterprises across the globe.
Over the past 12 months, ESIC stock has soared an incredible
161.1%, compared to much smaller gains by the broader
markets. Last quarter, ESIC posted earnings of 39 cents,
after analysts predicted EPS of just 7 cents. ESIC trades
just eight cents below its 52-week high, at $3.90.
LookSmart Ltd. (
) provides relevant solutions for search advertising
customers. The company acquires search queries from various
search engines and matches them with keywords for its advertising
clients. Since January, this penny stock is up 123.5%.
LOOK has also outperformed earnings estimates for three straight
quarters, adding to its impressive resume. This penny stock
trades at $2.28, with a 52-week range of 88 cents to $2.35.
GlobalSCAPE Inc. (GSB)
) facilitates the delivery of critical information for its
customers. This data often includes financial data and
medical records, which are securely exchanged over the
Internet. Year-to-date, GSB stock has jumped 62.3%, compared
to smaller gains by the broader markets. Even more
impressive, the penny stock is up 77.5% since May 1. GSB is an
inexpensive stock to buy at $2.45.
Unify Corp. (UNFY)
Based in Sacramento, Calif.,
) is a global provider of application development, data management
and archiving software solutions. Over the past 12 months,
this penny stock has gained 20.4%. UNFY stock slipped in
July, but since then has gained 10%. Currently trading at
$3.19, Unify Corp. rounds out the list of top Internet penny stocks
As of this writing, Louis Navellier did not own a position in
any of the stocks named here.