Daily Archives: February 15, 2022

The major market indexes continue to experience extreme volatility due to the aggressive interest rate hikes planned by the Fed to control the multi-decade high inflation and the rising geopolitical tensions between Ukraine and Russia. Technology stocks have experienced a significant sell-off since the beginning of the year, with the Nasdaq Composite declining 11.9% year-to-date.

The technology industry has helped businesses stay functional since the onset of the COVID-19 pandemic. The increased adoption of cloud, service-based IT, and hybrid business structures by businesses lead to solid growth for most technology companies. The technology industry is expected to witness further growth due to the rapid adoption of newer and advanced technologies and solutions. According to Gartner, the worldwide IT spending, which includes data center systems, enterprise software, devices, IT services, and communications services, will rise to $4.50 trillion in 2022, representing an increase of 5.1% from 2021.

Thats why today were highlighting 3 stocks from our Top 10 Technology screen, which is just 1 of the 10 outperforming screens in our POWR Screens 10 service (more on that below). Internet Initiative Japan Inc. (IIJIY), Extreme Networks, Inc. (EXTR), and Wayside Technology Group, Inc. (WSTG) are well-positioned to capitalize on the industry tailwinds.

Internet Initiative Japan Inc. (IIJIY)

Headquartered in Tokyo, Japan, IIJIY provides internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan. The company operates through the Network Services and Systems Integration Business and ATM Operation Business.

IIJIYs nine-month revenue ended December 31, 2021, increased 6.1% year-over-year to 165.60 billion ($1.43 billion). The companys operating profit increased 60.9% year-over-year to 16.29 billion ($0.14 billion). Also, its net profits rose 96.1% year-over-year to 11.52 billion ($0.09 billion). Its EPS came in at 127, representing an increase of 95.8% year-over-year.

Analysts expect IIJIYs revenue for fiscal 2022 to increase 17.2% year-over-year to $1.98 billion. Over the past year, the stock has gained 39.7% to close the last trading session at $30.61.

IIJIYs strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, which equates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.

The stock has an A grade for Stability and a B grade for Value and Quality. It is ranked #6 out of 49 stocks in the A-rated Telecom Foreign industry. Click here to see the other ratings of IIJIY for Growth, Momentum, and Sentiment.

Extreme Networks, Inc. (EXTR)

EXTR provides end-to-end, cloud-driven networking solutions, services, and support. The company provides solutions from the Internet of Things (IoT) edge to the cloud. Its products include ExtremeWireless, ExtremeSwitching, ExtremeControl, ExtremeCloud IQ, ExtremeAnalytics, ExtremeLocation, Extreme AirDefense, ExtremeGuest, and ExtremeCloud A3.

On September 15, 2021, EXTR announced its acquisition of Ipanema, the cloud-native enterprise SD-WAN division of Infovista. The acquisition will bolster EXTRs ExtremeCloud portfolio by adding flexibility, capability, and security when connecting locations, applications, and devices. Adding Ipanemas capabilities to ExtremeClouds portfolio will offer new cloud-managed SD-WAN and security software solutions to power the Infinite Enterprise.

For the fiscal second quarter ended December 31, 2021, EXTRs revenues increased 16% year-over-year to $280.90 million. The companys non-GAAP net income increased 78% year-over-year to $28.40 million. Also, its non-GAAP EPS came in at $0.21, representing an increase of 62% year-over-year.

For fiscal 2022, EXTRs EPS and revenue are expected to increase 43.9% and 12.1% year-over-year to $0.82 and $1.13 billion, respectively. It surpassed Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 24.8% to close the last trading session at $12.10.

EXTRs POWR Ratings reflect solid prospects. The stock has an overall A rating, equating to a Strong Buy in our proprietary rating system. It has an A grade for Growth and a B grade for Value and Quality. Within the Technology Communication/Networking industry, it is ranked first. To see the other ratings of EXTR for Momentum, Stability, and Sentiment, click here.

Wayside Technology Group, Inc. (WSTG)

WSTG operates as a value-added information technology distribution and solutions company. It operates through the Distribution and Solutions segments. It also offers virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management, and other technically sophisticated domains and computer hardware.

On January 11, 2022, WSTG announced its wholly-owned subsidiary Climb Channel Solutions partnered with IRONSCALES, a global leader in AI-powered email security solutions. CEO of Climb Channel Solutions, Dale Foster, said, We partnered with IRONSCALES to bring our customers a wholistic, leading-edge email security platform that will strengthen their cybersecurity offerings and protect against all forms of phishing before, during and after incidents.

WSTGs net sales increased 13% year-over-year to $68.91 million for the third quarter ended September 30, 2021. The companys adjusted gross billings increased 32.6% year-over-year to $226.93 million. Also, its adjusted EBITDA increased 128.4% year-over-year to $4.23 million.

Analysts expect WSTGs EPS to increase 22% over the next five years. Over the past year, the stock has gained 53% to close the last trading session at $30.60.

WSTGs strong fundamentals are reflected in its POWR Ratings. The stock has an overall A rating, equating to a Strong Buy in our proprietary rating system. It has an A grade for Growth and a B grade for Value, Sentiment, and Quality. It is ranked first out of 48 stocks in the Technology Electronics industry. Click here to see the other ratings of WSTG for Momentum and Stability.

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IIJIY shares were trading at $30.01 per share on Monday afternoon, down $0.60 (-1.96%). Year-to-date, IIJIY has declined -27.20%, versus a -7.77% rise in the benchmark S&P 500 index during the same period.

Since he was in grade school, Dipanjan was interested in the stock market. This led to him obtaining a masters degree in Finance and Accounting. Currently, as an investment analyst and financial journalist, Dipanjan has a strong interest in reading and analyzing emerging trends in financial markets. More...

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IIJIY: 3 Best Technology Stocks to Buy in February - StockNews.com

Information technology sector has shown robust growth in current fiscal: NASSCOM chief

The information technology (IT) sector is set to become a $227 billion industry in the current fiscal, registeringa 15.5 per cent growth, industry body NASSCOMsaid on Tuesday.

This is the highest growth in over a decade and NASSCOM's president Debjani Ghosh described it as a year of resurgence, after the one of resilience in the immediate aftermathof the pandemic.

The IT industry revenues had grown by 2.3 per cent to $194 billion in 2020-21.In its yearly strategic review for 2021-22, NASSCOMsaid the industry added 4.5 lakh new jobs to take the overall direct employees to 50 lakh people.

Over 44 per cent of the new hires were women, and their overall share is now 18 lakh.Export revenues grew 17.2 per cent to $178 billion, while the domestic revenues grew 10 per cent to $49 billion, it said.

New age digital services share grew 25 per cent to $13 billion and India has a strong workforce geared for technologies of the future, Ms Ghosh said.

NASSCOM, which has ceased to give a growth projection for the future, said that a chief executives' survey pointed to another growth year. Over 70 per cent of those polled said they will be able to maintain growth in 2022 as well.

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Information Technology Sector Grew 15.5% In 2021-22: NASSCOM - NDTV Profit

LOS ANGELES--(BUSINESS WIRE)--Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) today announced its participation in the JMP Technology Conference on March 8, 2022.

Details of the conference are as follows:

Location: Ritz Carlton, San Francisco

Tuesday, March 8, 2022 at 1:00-1:30 PM (PT)

Webcast Link: https://wsw.com/webcast/jmp53/ccsi/1660190

About Consensus

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) started as a secure digital document transmission solution 25 years ago and has grown to be a global leader of digital cloud fax technology. The company leverages its technology heritage to securely transform, enhance, and exchange digital information. The companys suite of interoperability solutions offers a unified digital environment that optimizes workflows; provides real-time event notifications; on-demand patient query and direct secure messaging. Consensus offers eFax, Consensus Unite, Consensus Signal, jSign and has Consensus Clarity and Harmony in development. For more information about Consensus, visit http://www.consensus.com.

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Consensus Cloud Solutions to Participate in JMP Technology Conference March 8, 2022 - Business Wire

NEW HARTFORD, N.Y.--(BUSINESS WIRE)--PAR Technology Corporation (NYSE: PAR) today announced that it will report its fourth quarter financial results on Tuesday, March 1, 2022. The results are scheduled to be released at 4:00 p.m. ET, followed by an investor presentation and conference call at 4:30 p.m. ET.

PAR Technology President and Chief Executive Officer Savneet Singh, Chief Financial Officer Bryan Menar and Vice President for Business Development, Christopher Byrnes will provide a business update and address questions from call participants.

To participate in the call, please call 844-419-5412, approximately 10 minutes in advance. No passcode is required to participate in the live call. Individual & Institutional Investors will have the opportunity to listen to the conference call/event over the internet by visiting PARs website at https://www.partech.com/about-us/investor-relations/. Alternatively, listeners may access an archived version of the presentation call from 7:30 p.m. on March 1 through March 8, 2022 by dialing 855-859-2056 and using conference ID 3684043.

PAR Technology looks forward to your participation in this conference call. Please call Tiffani Temple at 315-738-0600 x 6325 with any questions.

ABOUT PAR TECHNOLOGY

For more than 40 years, PARs (NYSE Symbol: PAR) cutting-edge products and services have helped bold and passionate restaurant brands build lasting guest relationships. We are the partner enterprise restaurants rely on when they need to serve amazing moments from open to close, during the most hectic rush hours, and when the world forces them to adapt and overcome. More than 100,000 restaurants in more than 110 countries use PARs restaurant hardware, software, drive-thru, and back-office solutions. With the recent acquisition of leading loyalty solutions provider Punchh Inc., PAR has become a Unified Commerce Cloud Platform for Enterprise Restaurants. To learn more, visit http://www.partech.com or connect with us on LinkedIn, Twitter, Facebook, and Instagram.

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PAR Technology Corporation Releases Conference Call and Webcast Information for Fiscal 2021 Fourth Quarter and Year End Financial Results - Business...

ReportLinker

Isothermal Nucleic Acid Amplification Technology Market Research Report by Product (Assays, Kits, And Reagents and Systems), by Type (Helicase-dependent Amplification, Loop-mediated Isothermal Amplification, and Nucleic Acid Sequence-based Amplification), by Application, by End User, by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19

New York, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Isothermal Nucleic Acid Amplification Technology Market Research Report by Product, by Type, by Application, by End User, by Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" - https://www.reportlinker.com/p06226494/?utm_source=GNW

The Global Isothermal Nucleic Acid Amplification Technology Market size was estimated at USD 2,291.89 million in 2020 and expected to reach USD 2,603.82 million in 2021, at a CAGR 14.04% to reach USD 5,749.98 million by 2027.

Market Statistics:The report provides market sizing and forecast across five major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2027 are considered the forecast period.

Market Segmentation & Coverage:This research report categorizes the Isothermal Nucleic Acid Amplification Technology to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Product, the market was studied across Assays, Kits, And Reagents and Systems.

Based on Type , the market was studied across Helicase-dependent Amplification, Loop-mediated Isothermal Amplification, Nucleic Acid Sequence-based Amplification, Strand Displacement Amplification, and Transcription-mediated Amplification.

Based on Application, the market was studied across Blood Screening and Infectious Disease Diagnosis. The Infectious Disease Diagnosis is further studied across Ct/Ng, Hepatitis, HIV, and Influenza.

Based on End User, the market was studied across Academic & Research Institutes, Hospitals, and Reference Laboratories.

Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

Cumulative Impact of COVID-19:COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Competitive Strategic Window:The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:The FPNV Positioning Matrix evaluates and categorizes the vendors in the Isothermal Nucleic Acid Amplification Technology Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitors strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Isothermal Nucleic Acid Amplification Technology Market, including Becton, Dickinson And Company, Biomrieux SA, Diasorin Group S.p.A., Eiken Chemicals Co., Ltd., Ge Healthcare, Genomtec SA, Grifols, S.A., Hologic, Inc., Illumina, Inc., Lucigen Corporation, Mast Group Ltd., Meridian Bioscience, New England Biolabs, Inc., Panasonic Corporation, Qiagen N.V., Quidel Corporation, Sharp Corp, Sony Corporation, Tecan Trading AG, Thermo Fisher Scientific, Inc., Toshiba Corporation, Twistdx Limited, and Ustar Biotechnologies Ltd.

The report provides insights on the following pointers:1. Market Penetration: Provides comprehensive information on the market offered by the key players2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:1. What is the market size and forecast of the Global Isothermal Nucleic Acid Amplification Technology Market?2. What are the inhibiting factors and impact of COVID-19 shaping the Global Isothermal Nucleic Acid Amplification Technology Market during the forecast period?3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Isothermal Nucleic Acid Amplification Technology Market?4. What is the competitive strategic window for opportunities in the Global Isothermal Nucleic Acid Amplification Technology Market?5. What are the technology trends and regulatory frameworks in the Global Isothermal Nucleic Acid Amplification Technology Market?6. What is the market share of the leading vendors in the Global Isothermal Nucleic Acid Amplification Technology Market?7. What modes and strategic moves are considered suitable for entering the Global Isothermal Nucleic Acid Amplification Technology Market?Read the full report: https://www.reportlinker.com/p06226494/?utm_source=GNW

About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

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Isothermal Nucleic Acid Amplification Technology Market Research Report by Product, by Type, by Application, by End User, by Region - Global Forecast...

NFL commissioner Roger Goodell

Kirby Lee-USA TODAY Sports | Reuters

The National Football League lobbied the Securities and Exchange Commission on "issues related to blockchain technology" from July through December last year, according to disclosure reports.

Records indicate the lobbying campaign represents the first time the NFL has attempted to influence the government agency that oversees financial securities. The league spent over $600,000 on lobbying both chambers of Congress and various government agencies, including the SEC, during the second half of 2021, according to the reports.

Beyond the SEC, the NFL lobbied the White House Office, the Department of Justice and the Department of Commerce. The NFL targeted those government entities for a wide range of issues, including "federal regulation of sports betting," according to the filings.

The forms do not provide further details on the NFL's lobbying efforts.

Cryptocurrencies like bitcoin are built on top of something known as the blockchain, which acts as a digital ledger that keeps track of alltransactions of a particular token.This global online database is accessible to anyone withan internet connection, and it is maintained by an international network of people who help to verify blocks of transactions.

The NFL, run by Commissioner Roger Goodell, is trying to determine whether crypto can be an integral part of the league's business, insiders say. The NFL currently takes in about $10 billion in annual revenue.

At last year's NFL owner meetings in New York, officials told CNBC that crypto-related deals are still being examined.

The NFL partnered with the National Football League Players Association and Dapper Labs to "create exclusive digital video highlight NFTs (non-fungible tokens) for NFL fans," according to a September announcement. Numerous NFL stars have already become involved with crypto, including retiring quarterback Tom Brady, Green Bay Packers quarterback Aaron Rodgers and star Rams wide receiver Odell Beckham Jr.

The SEC, which is chaired by Gary Gensler, has been attempting to determine how to regulate various forms of crypto.

For months, Gensler has promised to deliver a set of formal rules to oversee the crypto market. The SEC chief has said these guidelineswould be designed with a view to protectinvestors, but currently there areno explicit proposals.

In the absence of formal ground rules, the Gensler has instead weighed in on more of a case-by-case basis, defining what are registered securities and therefore under his jurisdiction. That sometimes includes certain crypto investments and platforms.

The agency, for example, hasrepeatedly refused to approvea spot bitcoin-based exchange-traded fund over concerns related toinvestor protection and the potential for fraudulent trading.

The NFL and the SEC did not return requests for comment before publication.

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Crypto is set to be heavily advertised during Sunday's Super Bowl game between the Los Angeles Rams and Cincinnati Bengals. Various cryptocurrency businesses are said to have spent millions to promote their products.

The NFL lobbyists listed on the disclosure reports are two Capitol Hill veterans.

Brendon Plack was hired by the league in 2019 to be its senior vice president of public policy and government affairs. Prior to assuming that post, he was chief of staff to the then-Senate Majority Whip John Thune, R-S.D.

The second league executive, Jonathan Nabavi, was hired in 2017 and is currently another leader of the NFL's government affairs office, who once worked with Sen. Chuck Grassley, R-Iowa, when the lawmaker was chairman of the Senate Judiciary Committee.

CNBC's Jabari Young contributed to this report.

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National Football League has been lobbying the SEC on blockchain technology - CNBC