The Motley Fool

3 under the radar ASX tech shares to watch

The Motley Fool logo The Motley Fool 24/05/2020 04:00:47 James Mickleboro
a close up of a man wearing sunglasses: watch, watch list, observe, keep an eye on © Provided by The Motley Foolwatch, watch list, observe, keep an eye on

If you're looking for a little exposure to the small cap side of the market, then the three shares listed below could be worth watching closely.

While not all small caps live up to their potential, I think these three have a good chance of doing so. Here's why I think they should be on your watchlist:

Dubber Corp Ltd (ASX: DUB)

Dubber is a software company that provides businesses with an extremely scalable call recording service. This service has been adopted as core network infrastructure by multiple global leading telecommunications carriers in North America, Europe and the Asia Pacific. The cloud-based technology allows businesses to record, manage, and analyse their phone calls and communications. They can even use artificial intelligence to analyse the emotions and stress levels of a caller. Demand for its offering has been growing strongly over the last couple of years, leading to a strong increase in active customers and revenue.

Nitro Software Ltd (ASX: NTO)

Another small cap to watch is Nitro Software. It is a software company which provides document productivity solutions for businesses. In a recent presentation, the company revealed that it has over 2 million licensed users and over 11,000 business customers. The latter includes 65% of the Fortune 500 and three of the Fortune 10. Solid customer growth and its high retention rate have led to impressive recurring revenue growth over the last few years. I expect more of the same in the coming years.

Whispir (ASX: WSP)

A final small cap share to watch is Whispir. It is a software-as-a-service communications workflow platform provider which I think has a lot of potential. It provides an industry-leading software platform that allows governments and organisations to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. Whispir is well funded and appears well-placed to deliver another strong result in FY 2020. During the first half its annualised recurring revenue increased 22% to $36.7 million. I expect an even stronger second half thanks to the work from home initiative which is driving increasing demand.

And don't miss this fourth ASX share which has the potential to deliver market beating returns consistently over the next 10 years.

One "All In" ASX Buy Alert, that could be one of our greatest discoveries

Investing expert Scott Phillips has just named what he believes is the #1 Top "Buy Alert" after stumbling upon a little-owned opportunity he believes could be one of the greatest discoveries of his 25 years as a professional investor.

This under-the-radar ASX recommendation is virtually unknown among individual investors, and no wonder.

What it offers is an utterly unique strategy to position yourself to potentially profit alongside some of the world's biggest and most powerful tech companies.

Potential returns of 1X, 2X and even 3X are all in play. Best of all, you could hold onto this little-known equity for DECADES to come.

Simply click here to see how you can find out the name of this 'all in' buy alert. before the next stock market rally.

Find out the name of Scott's 'All in' Buy Alert

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Whispir Ltd. The Motley Fool Australia has recommended Nitro Software Limited and Whispir Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post 3 under the radar ASX tech shares to watch appeared first on Motley Fool Australia.

24. toukokuuta 2020 7:00:47 Categories: - tendance - bien-etre RTBF The Motley Fool

  • RSS
Suomi sisu kantaa
NorpaNet Beta - Firebird 3.0 WI-V6.3.6.33265

TetraSys Oy.

TetraSys Oy.