Unless you’ve been living under a rock for the last 20 years, you are well aware of the impact technology is having on the world. In fact, over the last two decades, technology has become such an integral part of our lives that it has essentially taken over our day to day, from the moment our smartphones wake us to when our smart homes turn off the lights at night.
Those interested in investing in technology may worry that they’ve missed the boat. Luckily, the high-tech landscape is ever-changing, and small-cap tech stocks continue to up the ante and introduce innovative products and services that are changing the world as we know it.
Small-Cap Tech Stocks Enhancing Education
One of the small-cap tech stocks that’s revolutionizing the world of education is Instructure, Inc. (NYSE:INST), an educational technology company that provides applications for learning, assessment, and performance management.
Instructure developed Canvas, a web-based learning management system (LMS) for teachers and students in K-12 and higher education and Bridge, an employment development and engagement system that enables open interactions, a streamlined workflow and content sharing among users.
Instructure was recently granted a “buy” rating from eight of the 15 analysts covering the company and an average 12-month price target of $47.88.
Small-Cap Tech Stocks Helping Businesses Succeed
Yext Inc. (NYSE:YEXT) is a brand management company that pioneered its own industry, digital knowledge management. Yext gives companies control of their own data by allowing them to update their business information across apps, search engines, maps, chatbots, and more using its cloud-based network. It is particularly useful for large companies that have a lot of different platforms and information on the internet that needs to be consistently updated.
Basically, if a company like Wendy’s changes its hours of business, it can log into Yext and update this information instantly across Yext’s 150 partner apps, maps, search engines, GPS systems, social networks, and digital assistants, which includes Google, Google Maps, Yelp, Yahoo, Facebook, Instagram—the list goes on.
Yext has received a lot of attention from analysts in recent months and earned a consensus “buy” recommendation from eight firms covering the company. The average 12-month price target for Yext is $23.60 USD, which is well above its current stock price of $18.34 USD.
Then, there is global freelancing platform Upwork Inc. (NASDAQ:UPWK), which helps both businesses and independent professionals succeed. Whether a business is looking for a freelance writer, designer, salesperson, or web developer, Upwork can help them connect with a professional that suits their needs.
In a world where freelance work is taking over the 9–5, small-cap tech stocks like Upwork have a seemingly bright future.
Small-Cap Tech Stocks Disrupting the Advertising Landscape
Digital advertising infrastructure company The Rubicon Project Inc. (NYSE:RUBI) is looking to completely change the advertising landscape by automating the buying and selling of ads for the entire global online ad industry. Essentially, the company’s mission is to keep the internet free and open and make it safe and simple to buy and sell advertising.
Although this seems like a daunting feat and puts The Rubicon Project in direct competition with industry giants like Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB), the company is up for the task and is already making serious headway. In fact, some of the world’s leading brands and agencies already rely on the company’s tech to execute billions of ad transactions every month. Last month, The Rubicon Project reported Q2 2019 financial results that included $37.9 million in revenue, an amount that surpassed estimates.
Then there is Digital Turbine (NASDAQ:APPS), a small-cap tech stock that is simplifying mobile app advertising and completely changing the way mobile app developers market their products. With so many apps out there, it is becoming increasingly difficult for developers to gain awareness. At the same time, end-users are becoming numb to banner ads.
The company’s software allows developers to install apps directly when the end-user activates a new phone. It also facilitates single-tap downloads outside of app stores and creates folders that recommend apps based on what a user has downloaded in the past.
If you consider that the app advertising market is on its way to becoming a $64.1 billion industry by next year, it’s pretty evident why Digital Turbine offers some serious staying power to investors.
Small-Cap Tech Stocks Redefining Digital Security
Another one of the small-cap tech stocks that focuses on helping businesses succeed is MobileIron, Inc. (NASDAQ:MOBL). MobileIron is a software company that is redefining enterprise security with the industry’s very first mobile-centric, zero trust platform that was built on the foundation of unified endpoint management (UEM) to protect data and secure access.
With over 19,000 customers that include the world’s largest financial institutions and intelligence agencies, MobileIron is a small-cap tech stock that is already well on its way to changing the digital security world as we know it.
Are there any small-cap tech stocks on your radar that are changing the world as you know it? Let us know about them in the comments!
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