High Growth Tech Stocks to Watch in October 2024

In This Article:

The United States market has shown robust performance, rising 1.2% over the last week and up 31% over the past year, with earnings projected to grow by 16% annually. In this environment, identifying high growth tech stocks involves looking for companies with strong fundamentals and innovative capabilities that align well with these favorable market conditions.

Top 10 High Growth Tech Companies In The United States

Name

Revenue Growth

Earnings Growth

Growth Rating

Super Micro Computer

20.86%

27.98%

★★★★★★

Sarepta Therapeutics

23.67%

44.28%

★★★★★★

TG Therapeutics

28.39%

43.54%

★★★★★★

Ardelyx

27.19%

66.44%

★★★★★★

Invivyd

42.91%

70.39%

★★★★★★

Amicus Therapeutics

20.32%

62.45%

★★★★★★

AsiaFIN Holdings

60.53%

81.55%

★★★★★★

Seagen

22.57%

71.80%

★★★★★★

Travere Therapeutics

27.16%

69.88%

★★★★★★

ImmunoGen

26.00%

45.85%

★★★★★★

Click here to see the full list of 254 stocks from our US High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Aviat Networks

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Aviat Networks, Inc. offers microwave networking and wireless access solutions across various global regions, with a market cap of $276.85 million.

Operations: The company generates revenue primarily through its wireless communications equipment segment, totaling $408.08 million.

Aviat Networks has demonstrated a robust trajectory in the tech sector, outpacing the Communications industry with a 5.2% earnings growth compared to the industry's -4.3%. This growth is underpinned by significant R&D investments, aligning with its revenue forecasts which are expected to surge by 14.3% annually, notably faster than the broader US market's 8.8%. Looking ahead, Aviat anticipates an aggressive expansion in earnings at an annual rate of 57.1%, reflecting its strategic focus on innovation and market adaptation. Recent financial disclosures reveal a fiscal year revenue jump to $408 million from $344 million previously, setting a confident tone for their projected increase to between $450 million and $490 million next year.

NasdaqGS:AVNW Revenue and Expenses Breakdown as at Oct 2024
NasdaqGS:AVNW Revenue and Expenses Breakdown as at Oct 2024

CSG Systems International

Simply Wall St Growth Rating: ★★★★☆☆

Overview: CSG Systems International, Inc. offers revenue management, digital monetization, customer experience, and payment solutions mainly to the communications sector across various global regions and has a market cap of approximately $1.37 billion.

Operations: The company generates revenue primarily through its data processing segment, which accounts for $1.17 billion. Its operations are focused on providing solutions to enhance customer experience and enable digital monetization in the communications sector across multiple regions globally.