It hasn’t been an easy year for tech investors.of Nasdaq-100 A stock market index heavily weighted in the technology sector will lose more than 27% of its value in 2022. But that’s less than half of the crypto sector’s losses. January.
High inflation and rising interest rates have reduced risk appetite and forced investors to reconsider their expectations of economic growth. Often this offers the opportunity to put your money in at a heavily discounted asset price, but it’s important to choose.
There are two tech stocks that are growing rapidly and could trade much higher in the long term. , investors should not touch it yet.
One strain to buy: SentinelOne
As more businesses move their operations online using cloud technologies every day, they are rapidly realizing the importance of protecting their digital assets. Cybersecurity is therefore a booming industry right now. Cyber security Ventures estimates that the sector will generate $1.75 trillion in sales between 2021 and 2025. sentinel one (S. 2.80%) Advanced technologies such as artificial intelligence bring protection to the modern age.
Nearly every business now needs some level of cybersecurity, so it’s important for providers to offer a simple platform that’s easy to use. SentinelOne has built a fully autonomous solution that can respond to and neutralize threats without human intervention. Also, design a single dashboard with complete visibility across your network to see all your organization’s teams on the same page.
So far, more than 8,600 companies have approved SentinelOne, and its net retention rate continues to climb, with the recently reported second quarter of fiscal year 2023 (ending July 31) reaching It has reached 137%. This means that an existing customer is currently spending 37% more than he did at the same time last year.
This gave SentinelOne $103 million in revenue in the second quarter. This is a 124% increase compared to the same quarter last year. Additionally, annual recurring revenue increased 122% year-over-year to $439 million, indicating that sales are likely to continue to grow, at least in the short term. The company is not yet profitable, but it has a strong balance sheet to continue to fund its aggressive growth investments. good opportunity to buy dip.
Second stock to buy: Bill.com
Bill.com (Specification 5.02%) is a software provider that helps small businesses manage their accounts payable workflows. However, in 2021, thanks to his acquisition of Invoice2go and Divvy, he now also covers the accounts receivable side, providing a budgeting and expense management platform.
Small businesses, especially those without a dedicated bookkeeper, can struggle to manage the cumbersome paper trails associated with receiving invoices. Bill.com provides a way for businesses to store all the invoices they receive and streamline the process via a digital inbox where they can be paid with one click. Plus, integration with leading accounting software allows you to automatically record each transaction in your books.
Conversely, Invoice2go allows businesses to create and issue invoices and track incoming payments. Complete the Bill.com product into a complete business-to-business payment management solution.
Overall, Bill.com had 401,100 enterprise customers as of the fourth quarter of fiscal 2022 (ending June 30), with a potential global addressable market of 70 million. We have only scratched the surface of what is there. In dollars, that opportunity could be worth $125 trillion in annual payouts, well above his $227 billion that Bill.com has processed in the last four quarters.
Bill.com stock may now be down 57% from its all-time high, Wall Street predicts some big gains As the company continues to grow towards its significant potential.
Virtual currency to sell: Shiba Inu
When it comes to payment Cryptocurrency Investors are always optimistic that their favorite token will one day replace traditional money. However, in most cases it was not widely adopted and Shiba Inu (Sibu 1.26%) One of the worst performers in its field. Only 659 merchants worldwide accept Meme Tokens as payment for goods and services.For context, over 100 million merchants visa payment ecosystem.
There are many reasons why Shiba Inu are not adopted. The token is incredibly volatile, in 2021 he’s up 43,800,000% and in 2022 so far he’s down 64%. It is nearly impossible for companies to manage cash flow in a currency that fluctuates so much. Additionally, cryptocurrencies are less regulated than traditional currencies, so there is little recourse if Shiba Inu tokens are lost or stolen.
This leaves Shiba Inu’s primary purpose as a vehicle for speculation, but even that use case has made investors wary of late. Maintaining momentum is very difficult. That means an increase from the current price of $0.000012 per token to a price of $1 per token. virtually impossiblebecause it makes the Shiba Inu the most valuable asset on the planet.
The Shiba Inu community supports several recent initiatives by developers. For example, burning tokens to reduce their huge supply to something more reasonable.It may pave the way for future profits, but it may take time Ridiculous time at the current pace.
As of now, there really isn’t a use case for a Shiba Inu that justifies owning it for purposes other than speculative betting – and the current market environment certainly isn’t favorable to such an asset.