While the coronavirus vaccine deployment is gradually curbing the spread of the virus, individuals and businesses are still relying significantly on technological solutions to remain operational and/or to seek entertainment. The demand for technology products and services has been rising thanks to a continuation of pandemic-driven trends, and these trends are likely to remain unchanged even after the pandemic.
However, there are some technology companies that have underperformed significantly despite the sector’s growth. These companies have failed to capitalize on the change in consumer and business behavior.
Fiserv, Inc. (FISV), Coupa Software, Inc. (COUP), and Cree, Inc. (CREE) are three such companies. They have seen a fall in their stock prices. And analysts are skeptical about the performance of these stocks in coming quarters too. So, we think investors should take a pass on these stocks for now.
Fiserv, Inc. (FISV)
FISV delivers financial technology related services