Technology - Quarterly Net Income Analysis

Last updated 2024-09-19 04:47:11 (EDT)

Quarterly Net Income Trend Analysis

Overall Quarterly Net Income Growth Trend of Technology Sector Companies.

Trend Chart of Adjusted Quarterly Net Income vs. Stock Price Trend Chart for Technology Sector ETF (XLK)

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Seasonally Adjusted Quarterly Net Income Growth Rate


QoQ Growth Rate of Net Income	13.4%
YoY Growth Rate of Net Income	29.3%

Correlation Analysis between Quarterly Revenue and Stock Price

Determine the correlation between the stock price of the Technology Sector ETF (XLK) and the seasonally adjusted overall quarterly net income of Technology sector companies. If there is a moderate to high correlation, the overall seasonally adjusted quarterly revenue can be used to estimate whether the stock price is reasonable.

Scatter Plot of Technology Seasonally Adjusted Quarterly Net Income vs. Stock Price for Technology Sector

Technology Seasonally Adjusted Quarterly Net Income and stock price of Technology Sector show a High Correlation. The higher the correlation, the greater the reference value.

The Coefficient of Determination
between Technology Seasonally Adjusted Quarterly Net Income and Stock Price

High Correlation 0.76

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Related Stocks

Related Technology sector stocks, along with their quarterly revenue growth rates (QoQ and YoY).

Ticker	Name	QoQ Growth Rate of Seasonally Adjusted Quarterly Revenue	YoY Growth Rate of Seasonally Adjusted Quarterly Revenue
CCCS	CCC Intelligent Solutions Holdings Inc.	Turn Losses into Profits	Turn Loss into Profit
CDAY	Dayforce Inc.	Turn Losses into Profits	Turn Loss into Profit
CIEN	Ciena Corporation	Turn Losses into Profits	-52.1%
GTLB	GitLab Inc.	Turn Losses into Profits	Turn Loss into Profit
GWRE	Guidewire Software, Inc.	Turn Losses into Profits	37.1%
JNPR	Juniper Networks, Inc.	Turn Losses into Profits	39.8%
MSI	Motorola Solutions, Inc.	Turn Losses into Profits	19.4%
OKTA	Okta, Inc.	Turn Losses into Profits	Turn Loss into Profit
PEGA	Pegasystems Inc.	Turn Losses into Profits	Turn Loss into Profit
PSTG	Pure Storage, Inc.	Turn Losses into Profits	Turn Loss into Profit
SAP	SAP SE	Turn Losses into Profits	-71.9%
SHOP	Shopify Inc.	Turn Losses into Profits	Turn Loss into Profit
SMAR	Smartsheet Inc.	Turn Losses into Profits	Turn Loss into Profit
TOST	Toast, Inc.	Turn Losses into Profits	Turn Loss into Profit
UBER	Uber Technologies, Inc.	Turn Losses into Profits	157.6%
DDOG	Datadog, Inc.	4916.1%	Turn Loss into Profit
DOCU	DocuSign, Inc.	2881.6%	11911%
AZPN	Aspen Technology, Inc.	2212.1%	63.6%
TRMB	Trimble Inc.	2171.3%	2851.6%
STX	Seagate Technology Holdings plc	1334.7%	Turn Loss into Profit
FIS	Fidelity National Information Services, Inc.	942.9%	Turn Loss into Profit
VERX	Vertex, Inc.	355.6%	Turn Loss into Profit
PCTY	Paylocity Holding Corporation	353.2%	31%
ANSS	ANSYS, Inc.	221.9%	87%
GEN	Gen Digital Inc.	212.6%	-3.2%
DT	Dynatrace, Inc.	206.7%	1.1%
KEYS	Keysight Technologies, Inc.	183.8%	35.1%
TER	Teradyne, Inc.	147.5%	55.2%
CGNX	Cognex Corporation	109.5%	-37%
MNDY	monday.com Ltd.	102.2%	Turn Loss into Profit
OTEX	Open Text Corporation	88.8%	Turn Loss into Profit
FI	Fiserv, Inc.	81.6%	30.9%
PLTR	Palantir Technologies Inc.	74.1%	376.9%
SQSP	Squarespace, Inc.	65.3%	67.6%
UI	Ubiquiti Inc.	60%	0.1%
LSCC	Lattice Semiconductor Corporation	56.1%	-55.3%
ADSK	Autodesk, Inc.	54.5%	27%
FOUR	Shift4 Payments, Inc.	50%	56.2%
ORCL	Oracle Corporation	47.6%	21%
VMW	VMware, Inc.	46.3%	37.5%
NXPI	NXP Semiconductors N.V.	45.1%	-5.7%
NVMI	Nova Ltd.	39.6%	50.8%
NTAP	NetApp, Inc.	39.6%	66.4%
ARW	Arrow Electronics, Inc.	33.7%	-54.1%
MKSI	MKS Instruments, Inc.	32%	Turn Loss into Profit
SPLK	Splunk Inc.	29.5%	58.7%
EA	Electronic Arts Inc.	29.1%	-30.3%
HPE	Hewlett Packard Enterprise Company	28.6%	10.3%
NVDA	NVIDIA Corporation	28.4%	168.2%
PANW	Palo Alto Networks, Inc.	28.1%	57.1%
SNPS	Synopsys, Inc.	24.1%	21.4%
ADI	Analog Devices, Inc.	23.6%	-55.3%
GFS	GLOBALFOUNDRIES Inc.	21%	-35.4%
DOX	Amdocs Limited	20.5%	-12%
TYL	Tyler Technologies, Inc.	19.9%	37.9%
KLAC	KLA Corporation	19.1%	22.2%
TSM	Taiwan Semiconductor Manufacturing Company Limited	17%	36.3%
FTNT	Fortinet, Inc.	16.8%	42.6%
BSY	Bentley Systems, Incorporated	16.8%	48%
ACN	Accenture plc	15.8%	-3.9%
VRSN	VeriSign, Inc.	15.6%	7.1%
CTSH	Cognizant Technology Solutions Corporation	15.1%	22.2%
ASML	ASML Holding N.V.	14.5%	-18.7%
CACI	CACI International Inc	12.9%	25%
MCHP	Microchip Technology Incorporated	12.4%	-80.6%
YMM	Full Truck Alliance Co. Ltd.	12.2%	35.9%
ATVI	Activision Blizzard, Inc.	11.9%	109.6%
SPSC	SPS Commerce, Inc.	11.8%	22.8%
CSCO	Cisco Systems, Inc.	11.7%	-45.4%
AAPL	Apple Inc.	11.5%	7.9%
WEX	WEX Inc.	11.3%	-19.2%
LDOS	Leidos Holdings, Inc.	11%	55.6%
EXLS	ExlService Holdings, Inc.	10.8%	-6.6%
MSFT	Microsoft Corporation	10.5%	9.7%
MPWR	Monolithic Power Systems, Inc.	9.5%	0.9%
WIT	Wipro Limited	9.4%	4.6%
ZBRA	Zebra Technologies Corporation	9%	-21.5%
GIB	CGI Inc.	7.1%	6.1%
ADBE	Adobe Inc.	7.1%	20%
ANET	Arista Networks, Inc.	6.5%	35.3%
SSNC	SS&C Technologies Holdings, Inc.	6.4%	45.6%
DBX	Dropbox, Inc.	6.3%	155.8%
JKHY	Jack Henry & Associates, Inc.	6.3%	3.4%
NICE	NICE Ltd.	5.9%	32.5%
BMI	Badger Meter, Inc.	5.8%	47%
CRUS	Cirrus Logic, Inc.	5.7%	169.8%
FFIV	F5, Inc.	5.5%	61.9%
LOGI	Logitech International S.A.	4.8%	126.1%
CAJ	Canon Inc.	4.4%	34.3%
CHKP	Check Point Software Technologies Ltd.	4.2%	-2.3%
FLT	FLEETCOR Technologies, Inc.	4.2%	7%
G	Genpact Limited	3.3%	4.9%
CDNS	Cadence Design Systems, Inc.	2%	3.8%
TTD	The Trade Desk, Inc.	1.5%	158.1%
LRCX	Lam Research Corporation	1.5%	27.1%
NOW	ServiceNow, Inc.	1.5%	-74.9%
UMC	United Microelectronics Corporation	1.1%	-11.9%
CPAY	Corpay, Inc.	0.8%	5%
DSGX	The Descartes Systems Group Inc.	-0.2%	23.3%
HPQ	HP Inc.	-0.5%	-16.4%
CDW	CDW Corporation	-1.6%	7%
ONTO	Onto Innovation Inc.	-1.7%	104.5%
CRWD	CrowdStrike Holdings, Inc.	-2.8%	454.9%
GLOB	Globant S.A.	-2.9%	4.5%
SAIC	Science Applications International Corporation	-3%	-67.2%
TXN	Texas Instruments Incorporated	-3.4%	-34.6%
AMAT	Applied Materials, Inc.	-4.1%	9.3%
FN	Fabrinet	-4.2%	33.4%
AMD	Advanced Micro Devices, Inc.	-4.5%	881.5%
LFUS	Littelfuse, Inc.	-6.6%	-35.1%
EPAM	EPAM Systems, Inc.	-7.1%	-17.8%
TDY	Teledyne Technologies Incorporated	-7.7%	-2.8%
MANH	Manhattan Associates, Inc.	-7.9%	33.2%
DLB	Dolby Laboratories, Inc.	-8.1%	-66.9%
ENTG	Entegris, Inc.	-9.2%	-65.7%
APH	Amphenol Corporation	-10%	14%
NOVT	Novanta Inc.	-10.3%	-34.1%
IT	Gartner, Inc.	-11.2%	15.9%
TEL	TE Connectivity Ltd.	-11.3%	8.5%
AMKR	Amkor Technology, Inc.	-11.5%	4.1%
ST	Sensata Technologies Holding plc	-12.8%	46%
BR	Broadridge Financial Solutions, Inc.	-13.5%	-0.3%
ASX	ASE Technology Holding Co., Ltd.	-14.1%	0.6%
CLS	Celestica Inc.	-14.5%	79.5%
INFY	Infosys Limited	-16.1%	5.4%
GRMN	Garmin Ltd.	-16.4%	4.4%
WDC	Western Digital Corporation	-20.4%	Turn Loss into Profit
FICO	Fair Isaac Corporation	-20.8%	-1.9%
IBM	International Business Machines Corporation	-21.2%	15.9%
NTES	NetEase, Inc.	-21.4%	-18%
ON	ON Semiconductor Corporation	-22.4%	-41.3%
FTV	Fortive Corporation	-22.4%	-6.7%
AKAM	Akamai Technologies, Inc.	-22.9%	2.2%
SNX	TD SYNNEX Corporation	-23.2%	7.9%
WIX	Wix.com Ltd.	-23.9%	17.7%
CRM	Salesforce, Inc.	-26.1%	12.8%
NSIT	Insight Enterprises, Inc.	-26.2%	8.7%
OLED	Universal Display Corporation	-27.4%	5.4%
WDAY	Workday, Inc.	-27.6%	67.1%
SWKS	Skyworks Solutions, Inc.	-28.5%	-38.3%
NATI	National Instruments Corporation	-28.7%	145.2%
SMCI	Super Micro Computer, Inc.	-35.8%	82.2%
MTSI	MACOM Technology Solutions Holdings, Inc.	-42%	68.2%
STM	STMicroelectronics N.V.	-42.2%	-64.7%
DUOL	Duolingo, Inc.	-43.2%	553.7%
QCOM	QUALCOMM Incorporated	-44%	18.1%
ZM	Zoom Video Communications, Inc.	-51.9%	20.4%
DELL	Dell Technologies Inc.	-55.7%	83.1%
PAYC	Paycom Software, Inc.	-57.5%	5.4%
GDDY	GoDaddy Inc.	-60%	76.5%
CVLT	Commvault Systems, Inc.	-60.6%	46.7%
SONY	Sony Group Corporation	-63.2%	6.5%
BRKS	Brooks Automation, Inc.	-64.4%	-24.7%
QRVO	Qorvo, Inc.	-65.4%	Turn Loss into Profit
HOOD	Robinhood Markets, Inc.	-65.8%	652%
APPF	AppFolio, Inc.	-68.8%	Turn Loss into Profit
SQ	Block, Inc.	-70.9%	Turn Loss into Profit
MU	Micron Technology, Inc.	-72.1%	Turn Loss into Profit
NLOK	NortonLifeLock Inc.	-75.3%	-12.7%
BILL	Bill.com Holdings, Inc.	-76.1%	Turn Loss into Profit
GLW	Corning Incorporated	-76.3%	-79.8%
PTC	PTC Inc.	-77.4%	12.3%
ARM	Arm Holdings plc American Depositary Shares	-78.7%	112.4%
PI	Impinj, Inc.	-79.6%	Turn Loss into Profit
JBL	Jabil Inc.	-82.3%	-44.6%
FLEX	Flex Ltd.	-82.8%	-44.8%
COIN	Coinbase Global, Inc.	-95.9%	Turn Loss into Profit
ALTR	Altair Engineering Inc.	-100%	-
APP	AppLovin Corporation	-100%	285.7%
AVGO	Broadcom Inc.	-100%	-100%
BKI	Black Knight, Inc.	-100%	-100%
CWAN	Clearwater Analytics Holdings, Inc.	-100%	-
CYBR	CyberArk Software Ltd.	-100%	-
DAY	Dayforce Inc	-100%	-100%
ERIC	Telefonaktiebolaget LM Ericsson (publ)	-100%	-
HUBS	HubSpot, Inc.	-100%	-
IIVI	II-VI Incorporated	-100%	-100%
INFA	Informatica Inc.	-100%	Turn Loss into Profit
INTU	Intuit Inc.	-100%	-100%
NETE	Net Element, Inc.	-100%	-
NOK	Nokia Oyj	-100%	-100%
QXO	QXO Inc	-100%	-100%
TEAM	Atlassian Corporation	-100%	-
ZS	Zscaler, Inc.	-100%	-
AFRM	Affirm Holdings, Inc.	-	-
ALAB	Astera Labs, Inc. Common Stock	-	-
ARBKL	Argo Blockchain plc 8.75% Senior Notes due 2026	-	-
ASTS	AST SpaceMobile, Inc.	-	-
AUR	Aurora Innovation, Inc.	-	-
BILI	Bilibili Inc.	-	-
CFLT	Confluent, Inc.	-	-
COHR	Coherent, Inc.	-	-
COUP	Coupa Software Incorporated	-	-
CREE	Cree, Inc.	-	-
ESTC	Elastic N.V.	-	-
GRAB	Grab Holdings Limited	-	-
HCP	HashiCorp, Inc.	-	-
INTC	Intel Corporation	-	-100%
IOT	Samsara Inc.	-	-
KD	Kyndryl Holdings, Inc.	-	-
KVYO	Klaviyo, Inc.	-	-100%
MDB	MongoDB, Inc.	-	-
MRVL	Marvell Technology, Inc.	-	-
MSTR	MicroStrategy Incorporated	-	-100%
NET	Cloudflare, Inc.	-	-
NEWR	New Relic, Inc.	-	-
NTNX	Nutanix, Inc.	-	-
PATH	UiPath Inc.	-	-
PCOR	Procore Technologies, Inc.	-	-
PLAN	Anaplan, Inc.	-	-
RBLX	Roblox Corporation	-	-
RBRK	Rubrik, Inc.	-	-
S	SentinelOne, Inc.	-	-
SATS	EchoStar Corporation	-	-100%
SNOW	Snowflake Inc.	-	-
TTWO	Take-Two Interactive Software, Inc.	-	-
U	Unity Software Inc.	-	-
VRNS	Varonis Systems, Inc.	-	-
XM	Qualtrics International Inc.	-	-
ZETA	Zeta Global Holdings Corp.	-	-
KSPI	Joint Stock Company Kaspi.kz	-	-

Disclaimer

1. The information provided is for reference only and does not constitute any guarantee of profits or specific stock and price point recommendations.

2. The information is not complete; for comprehensive data, please refer to the relevant websites.

3. All stock market data analyses are subject to survivorship bias.