Technology - Quarterly Net Income Analysis

Last updated 2024-11-22 03:46:01 (EST)

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	4.9%
YoY Growth Rate of Net Income	35.7%

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 0.77

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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
ALTR	Altair Engineering 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%
COHR	Coherent, Inc.	Turn Losses into Profits	Turn Loss into Profit
CWAN	Clearwater Analytics Holdings, Inc.	Turn Losses into Profits	Turn Loss into Profit
CYBR	CyberArk Software Ltd.	Turn Losses into Profits	Turn Loss into Profit
DAY	Dayforce Inc	Turn Losses into Profits	Turn Loss into Profit
ERIC	Telefonaktiebolaget LM Ericsson (publ)	Turn Losses into Profits	Turn Loss into Profit
GRAB	Grab Holdings Limited	Turn Losses into Profits	Turn Loss into Profit
GTLB	GitLab Inc.	Turn Losses into Profits	Turn Loss into Profit
GWRE	Guidewire Software, Inc.	Turn Losses into Profits	37.1%
HUBS	HubSpot, Inc.	Turn Losses into Profits	Turn Loss into Profit
INTU	Intuit Inc.	Turn Losses into Profits	-18.3%
KD	Kyndryl Holdings, Inc.	Turn Losses into Profits	Turn Loss into Profit
NOK	Nokia Oyj	Turn Losses into Profits	25.9%
OKTA	Okta, Inc.	Turn Losses into Profits	Turn Loss into Profit
PSTG	Pure Storage, Inc.	Turn Losses into Profits	Turn Loss into Profit
QXO	QXO Inc	Turn Losses into Profits	Turn Loss into Profit
SMAR	Smartsheet Inc.	Turn Losses into Profits	Turn Loss into Profit
ARM	Arm Holdings plc American Depositary Shares	634698811784.9%	Turn Loss into Profit
DOCU	DocuSign, Inc.	2881.6%	11911%
UBER	Uber Technologies, Inc.	642.2%	1081.9%
SHOP	Shopify Inc.	270.9%	15.3%
IT	Gartner, Inc.	247.9%	130.6%
COIN	Coinbase Global, Inc.	231.5%	Turn Loss into Profit
AMD	Advanced Micro Devices, Inc.	228.2%	157.9%
MU	Micron Technology, Inc.	172.3%	Turn Loss into Profit
WDC	Western Digital Corporation	169%	Turn Loss into Profit
TOST	Toast, Inc.	166.7%	Turn Loss into Profit
DLB	Dolby Laboratories, Inc.	150.6%	537.6%
FLEX	Flex Ltd.	136.9%	-6.1%
MKSI	MKS Instruments, Inc.	120.1%	59%
QCOM	QUALCOMM Incorporated	108.8%	96%
ENTG	Entegris, Inc.	101.9%	133.6%
EA	Electronic Arts Inc.	101.5%	-26.3%
PTC	PTC Inc.	93.9%	177.4%
HOOD	Robinhood Markets, Inc.	86.2%	Turn Loss into Profit
NOW	ServiceNow, Inc.	77%	78.5%
JNPR	Juniper Networks, Inc.	75.8%	21.7%
DUOL	Duolingo, Inc.	73.3%	732.2%
CVLT	Commvault Systems, Inc.	67.9%	19.6%
NOVT	Novanta Inc.	66.4%	-9.6%
SQSP	Squarespace, Inc.	65.3%	67.6%
ZBRA	Zebra Technologies Corporation	53.8%	Turn Loss into Profit
PAYC	Paycom Software, Inc.	51.3%	-2.6%
WEX	WEX Inc.	51%	459.2%
SONY	Sony Group Corporation	47.6%	69.2%
ORCL	Oracle Corporation	47.6%	21%
VMW	VMware, Inc.	46.1%	37.5%
GRMN	Garmin Ltd.	45.8%	55.1%
APPF	AppFolio, Inc.	37.5%	24.8%
SAP	SAP SE	35.5%	14.5%
TDY	Teledyne Technologies Incorporated	35.3%	31.9%
OLED	Universal Display Corporation	33.2%	29.8%
RMBS	Rambus Inc.	32.2%	-52.8%
HPE	Hewlett Packard Enterprise Company	29.9%	10.3%
SPLK	Splunk Inc.	29.5%	58.7%
BSY	Bentley Systems, Incorporated	28.9%	-20.2%
CSCO	Cisco Systems, Inc.	28.8%	-25.5%
ACIW	ACI Worldwide, Inc.	28.3%	114.8%
ADSK	Autodesk, Inc.	27.6%	27%
SNPS	Synopsys, Inc.	24.4%	21.4%
LFUS	Littelfuse, Inc.	22.1%	0.5%
ADI	Analog Devices, Inc.	21.3%	-55.3%
LDOS	Leidos Holdings, Inc.	21.1%	Turn Loss into Profit
DOX	Amdocs Limited	20.5%	-12%
SNX	TD SYNNEX Corporation	19.7%	28.2%
APP	AppLovin Corporation	17.6%	299.9%
BILL	Bill.com Holdings, Inc.	17.3%	Turn Loss into Profit
ASML	ASML Holding N.V.	15.5%	9.7%
EPAM	EPAM Systems, Inc.	13.8%	40.3%
ON	ON Semiconductor Corporation	13.6%	-31.1%
ASX	ASE Technology Holding Co., Ltd.	13.3%	10.1%
VERX	Vertex, Inc.	13.2%	Turn Loss into Profit
TTD	The Trade Desk, Inc.	13.2%	139.3%
MPWR	Monolithic Power Systems, Inc.	13.1%	19.2%
TXN	Texas Instruments Incorporated	12.5%	-20.3%
TSM	Taiwan Semiconductor Manufacturing Company Limited	11.9%	54.2%
FN	Fabrinet	10.3%	18.9%
MANH	Manhattan Associates, Inc.	10%	29.1%
FICO	Fair Isaac Corporation	9.9%	33.8%
ATVI	Activision Blizzard, Inc.	9.2%	109.6%
WIT	Wipro Limited	8.4%	21.3%
CDW	CDW Corporation	8.1%	0.3%
ANSS	ANSYS, Inc.	8.1%	131%
JKHY	Jack Henry & Associates, Inc.	8%	17.2%
LRCX	Lam Research Corporation	7.9%	25.8%
KLAC	KLA Corporation	7.4%	27.6%
GIB	CGI Inc.	7.1%	6.1%
ADBE	Adobe Inc.	7.1%	20%
APH	Amphenol Corporation	5.5%	17.6%
FIS	Fidelity National Information Services, Inc.	5.2%	Turn Loss into Profit
FLT	FLEETCOR Technologies, Inc.	4.4%	7%
ANET	Arista Networks, Inc.	4.1%	37.2%
CHKP	Check Point Software Technologies Ltd.	3.3%	0.9%
EXLS	ExlService Holdings, Inc.	2.9%	20.9%
TYL	Tyler Technologies, Inc.	2.3%	61.4%
VRSN	VeriSign, Inc.	1.9%	6.8%
SQ	Block, Inc.	1.8%	Turn Loss into Profit
GLOB	Globant S.A.	1.7%	3.9%
CPAY	Corpay, Inc.	1.7%	1.8%
FTV	Fortive Corporation	1.7%	1.7%
KSPI	Joint Stock Company Kaspi.kz	1.5%	18%
WIX	Wix.com Ltd.	1%	283.9%
HPQ	HP Inc.	0.6%	-16.4%
BMI	Badger Meter, Inc.	0.3%	23.4%
CAJ	Canon Inc.	0.2%	34.3%
G	Genpact Limited	-	12.9%
SPSC	SPS Commerce, Inc.	-0.8%	39.3%
DSGX	The Descartes Systems Group Inc.	-1%	23.3%
AMAT	Applied Materials, Inc.	-1.6%	-13.6%
PANW	Palo Alto Networks, Inc.	-1.9%	80.6%
CACI	CACI International Inc	-2.5%	39.7%
BR	Broadridge Financial Solutions, Inc.	-2.6%	-12.2%
CRWD	CrowdStrike Holdings, Inc.	-2.8%	454.9%
MSI	Motorola Solutions, Inc.	-3.1%	21.1%
UMC	United Microelectronics Corporation	-3.1%	-11.9%
SAIC	Science Applications International Corporation	-3.1%	-67.2%
DBX	Dropbox, Inc.	-3.3%	-6.5%
VNT	Vontier Corporation	-3.7%	1.3%
FFIV	F5, Inc.	-3.7%	8.7%
INFY	Infosys Limited	-4%	3.4%
CTSH	Cognizant Technology Solutions Corporation	-4.8%	10.9%
UI	Ubiquiti Inc.	-4.9%	45.9%
ONTO	Onto Innovation Inc.	-5.9%	47.8%
SSNC	SS&C Technologies Holdings, Inc.	-7.4%	5.4%
ACN	Accenture plc	-8.4%	22.7%
MSFT	Microsoft Corporation	-9.5%	10.7%
CDNS	Cadence Design Systems, Inc.	-10.8%	-6.4%
NTES	NetEase, Inc.	-11%	-16.6%
STX	Seagate Technology Holdings plc	-11.3%	Turn Loss into Profit
CLS	Celestica Inc.	-11.7%	14.3%
YMM	Full Truck Alliance Co. Ltd.	-12%	80.2%
GEN	Gen Digital Inc.	-13.2%	8.1%
FTNT	Fortinet, Inc.	-13.7%	67.2%
QLYS	Qualys, Inc.	-14.7%	-0.7%
PLTR	Palantir Technologies Inc.	-14.7%	100.7%
AMKR	Amkor Technology, Inc.	-15.6%	-7.6%
GFS	GLOBALFOUNDRIES Inc.	-16%	-28.9%
ARW	Arrow Electronics, Inc.	-20.2%	-49.4%
NVDA	NVIDIA Corporation	-21.2%	108.9%
NICE	NICE Ltd.	-21.7%	30.9%
JBL	Jabil Inc.	-23.1%	-11%
TER	Teradyne, Inc.	-23.7%	13.7%
NATI	National Instruments Corporation	-24.7%	145.2%
NTAP	NetApp, Inc.	-31.9%	28.3%
WDAY	Workday, Inc.	-32.2%	67.1%
LOGI	Logitech International S.A.	-32.2%	6.1%
SMCI	Super Micro Computer, Inc.	-36.8%	82.2%
STM	STMicroelectronics N.V.	-38.1%	-67.8%
CGNX	Cognex Corporation	-38.4%	56.4%
AAPL	Apple Inc.	-38.5%	-35.8%
MTSI	MACOM Technology Solutions Holdings, Inc.	-40.1%	20.3%
DT	Dynatrace, Inc.	-42.1%	22.9%
MCHP	Microchip Technology Incorporated	-44.3%	-88.2%
PCTY	Paylocity Holding Corporation	-44.9%	43.6%
DELL	Dell Technologies Inc.	-45.1%	83.1%
NXPI	NXP Semiconductors N.V.	-49.3%	-8.8%
FI	Fiserv, Inc.	-49.4%	-40.8%
FISV	Fiserv, Inc.	-49.4%	-40.8%
ZM	Zoom Video Communications, Inc.	-51.9%	20.4%
CRM	Salesforce, Inc.	-52.3%	12.8%
CCCS	CCC Intelligent Solutions Holdings Inc.	-53%	Turn Loss into Profit
GDDY	GoDaddy Inc.	-56.2%	45.8%
SWKS	Skyworks Solutions, Inc.	-58.6%	-75.3%
AKAM	Akamai Technologies, Inc.	-62.9%	-63.9%
BRKS	Brooks Automation, Inc.	-64.4%	-24.7%
TEL	TE Connectivity Ltd.	-64.9%	-50%
NLOK	NortonLifeLock Inc.	-75.3%	-12.7%
DDOG	Datadog, Inc.	-75.9%	128.4%
OTEX	Open Text Corporation	-76.3%	4.3%
LSCC	Lattice Semiconductor Corporation	-80%	-86.6%
TRMB	Trimble Inc.	-97.1%	-45.8%
AVGO	Broadcom Inc.	-100%	-100%
AZPN	Aspen Technology, Inc.	-100%	-
BKI	Black Knight, Inc.	-100%	-100%
FOUR	Shift4 Payments, Inc.	-100%	-100%
GLW	Corning Incorporated	-100%	-100%
IBM	International Business Machines Corporation	-100%	-100%
IIVI	II-VI Incorporated	-100%	-100%
INFA	Informatica Inc.	-100%	-100%
JCOM	Ziff Davis, Inc.	-100%	-
KEYS	Keysight Technologies, Inc.	-100%	-100%
LYFT	Lyft, Inc.	-100%	-
MNDY	monday.com Ltd.	-100%	-100%
NETE	Net Element, Inc.	-100%	-
PEGA	Pegasystems Inc.	-100%	-
QRVO	Qorvo, Inc.	-100%	-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.	-	-
COUP	Coupa Software Incorporated	-	-
CRDO	Credo Technology Group Holding Ltd	-	-
CREE	Cree, Inc.	-	-
ESTC	Elastic N.V.	-	-
HCP	HashiCorp, Inc.	-	-
INTC	Intel Corporation	-	-100%
IONQ	IonQ, Inc.	-	-
IOT	Samsara Inc.	-	-
KVYO	Klaviyo, Inc.	-	-
LITE	Lumentum Holdings Inc.	-	-
MDB	MongoDB, Inc.	-	-
MRVL	Marvell Technology, Inc.	-	-
MSTR	MicroStrategy Incorporated	-	-
NET	Cloudflare, Inc.	-	-
NEWR	New Relic, Inc.	-	-
NTNX	Nutanix, Inc.	-	-
PATH	UiPath Inc.	-	-
PCOR	Procore Technologies, Inc.	-	-
PLAN	Anaplan, Inc.	-	-
QTWO	Q2 Holdings, Inc.	-	-
RBLX	Roblox Corporation	-	-
RBRK	Rubrik, Inc.	-	-
S	SentinelOne, Inc.	-	-
SATS	EchoStar Corporation	-	-100%
SNOW	Snowflake Inc.	-	-
TEAM	Atlassian Corporation	-	-
TTWO	Take-Two Interactive Software, Inc.	-	-
U	Unity Software Inc.	-	-
VRNS	Varonis Systems, Inc.	-	-
XM	Qualtrics International Inc.	-	-

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.