Three High Yielding Tech Stocks To Buy In 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2024
0mins
Should l Buy VOD?
Source: NASDAQ.COM
- Tech Stocks Overview:
- Tech stocks are popular due to digitization and connectivity, generating high returns.
- Considered high-risk due to market volatility and sensitivity to trends.
- Mitigate risks by choosing tech stocks with high dividend yields.
- Vodafone Group Analysis:
- Offers telecommunication services and IoT connectivity.
- Forward dividend yield of 11.44%, consistent payouts but mixed analyst recommendations.
- Jiayin Group Evaluation:
- Specializes in fintech and loan facilitation, promising growth and shareholder value.
- Paid dividends twice, forward yield of 11.94%.
- Mind C.T.I. Review:
- Provides billing solutions to communication providers.
- Maintains a dividend policy since 2003, with a current yield of 12.30% but high payout ratio.
- Investment Insights:
- Tech stocks can offer stability through dividends, like those from Vodafone, Jiayin, and Mind C.T.I.
- Selection of tech stocks with consistent payouts can help mitigate market volatility risks.
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Analyst Views on VOD
About VOD
Vodafone Group Plc is a telecoms company. The Company provides mobile and fixed services to over 355 million customers in 15 countries, partners with mobile networks in over 40 more and has IoT platforms. In Africa, its financial technology businesses serve almost 92 million customers across seven countries. Its products include Unified Communications, Mobile Connectivity, Fixed Connectivity, Digital Applications, IoT Connectivity, Cloud & Edge, E2E Solutions, and Security. Its unified communications solutions include Microsoft Teams Voice, voice services, and recording services. Its digital applications include Gemini for Google Workspace, Google Workspace, Microsoft 365 Business, and Copilot for Microsoft 365. Its Cloud & Edge services include cloud services, mobile private networks, and multi-access edge computing (MEC). It provides solutions for large and multinational business, small and medium business, international public sector, and carriers and digital service providers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Contracts and Market Expansion: AST SpaceMobile has secured contracts with 50 mobile operators serving 3 billion users and received $43 million and $20 million contracts from the U.S. government, showcasing its significant market influence and commercial potential.
- Future Development Plans: AST SpaceMobile aims to launch 45 to 60 satellites by 2026 for continuous coverage across the U.S., Europe, and Japan, projecting $2 billion in revenue by 2028, highlighting its long-term growth strategy.
See More
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- Satellite Launch Plans: AST SpaceMobile aims to deploy 45 to 60 satellites by the end of the year to achieve continuous coverage in key markets such as the U.S., Europe, and Japan, marking a significant advancement in its commercial operations.
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- Monetization Potential: The initiative transforms complex telecom infrastructure into standardized, secure APIs that support enterprise and IoT applications, expected to generate significant business value in areas such as digital identity verification and fraud mitigation.
- Innovative Technology Applications: Early deployments include number verification technology to replace traditional one-time passwords and anti-fraud tools targeting mobile banking risks, which not only enhance service quality but also provide businesses with on-demand connectivity capabilities, improving customer experience.
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See More
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Revenue Growth: The company reported quarterly revenue of $54.31 million, exceeding analyst expectations and marking a year-over-year growth rate of nearly 2,758%, despite a loss per share of 26 cents.
Future Contracts: AST SpaceMobile secured over $1.2 billion in contracted revenue commitments for 2025, indicating strong future prospects and a growing list of clients, including major telecommunications companies.
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See More
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- Satellite Network Partnership: Vodafone has signed an agreement with Amazon's low Earth orbit satellite network, Amazon Leo, to connect more 4G and 5G mobile sites in remote areas of Europe and Africa, which is expected to significantly enhance network coverage in these regions.
- High-Speed Connectivity: Amazon Leo offers download speeds of up to 1 Gbps and upload speeds of 400 Mbps, enabling Vodafone to deploy base stations in underserved areas more affordably and quickly, reducing the time and costs associated with traditional fiber and fixed wireless connections.
- Gradual Rollout Plan: Under the agreement, Vodafone will utilize Amazon Leo to connect geographically dispersed mobile base stations back to its core telecom networks in Germany and other European countries, with the first mobile sites expected to be connected by 2026 as Amazon Leo expands its satellite constellation into Africa.
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See More
