Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, Dec. 23:
Ciena Corporation CIEN: This network technology company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.1% over the last 60 days.
Ciena Corporation Price and Consensus
Ciena Corporation price-consensus-chart | Ciena Corporation Quote
Ciena has a PEG ratio of 1.07 compared with 5.12 for the industry. The company possesses a Growth Score of A.
Ciena Corporation PEG Ratio (TTM)
Ciena Corporation peg-ratio-ttm | Ciena Corporation Quote
Alarm.com Holdings, Inc. ALRM: This IoT solutions provider carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.
Alarm.com Holdings, Inc. Price and Consensus
Alarm.com Holdings, Inc. price-consensus-chart | Alarm.com Holdings, Inc. Quote
Alarm.com has a PEG ratio of 1.66 compared with 2.94 for the industry. The company possesses a Growth Scoreof B.
Alarm.com Holdings, Inc. PEG Ratio (TTM)
Alarm.com Holdings, Inc. peg-ratio-ttm | Alarm.com Holdings, Inc. Quote
Great Lakes Dredge & Dock Corporation GLDD: This dredging company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days.
Great Lakes Dredge & Dock Corporation Price and Consensus
Great Lakes Dredge & Dock Corporation price-consensus-chart | Great Lakes Dredge & Dock Corporation Quote
Great Lakes Dredge & Dock Corporation has a PEG ratio of 1.03 compared with 3.06 for the industry. The company possesses a Growth Scoreof A.
Great Lakes Dredge & Dock Corporation PEG Ratio (TTM)
Great Lakes Dredge & Dock Corporation peg-ratio-ttm | Great Lakes Dredge & Dock Corporation Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpCiena Corporation (CIEN) : Free Stock Analysis Report
Great Lakes Dredge & Dock Corporation (GLDD) : Free Stock Analysis Report
Alarm.com Holdings, Inc. (ALRM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
