3 Cheap Tech Stocks to Buy Right Now

In the ever-evolving tech sector, finding undervalued stocks can be a challenge. However, with the right approach and a keen eye for value, investors can uncover hidden gems with significant growth potential. Here are three cheap tech stocks that are worth considering right now:

1. Lumen Technologies (LUMN):
Lumen Technologies, formerly known as CenturyLink, has been making strides in refocusing its business and pivoting towards high-performance fiber lines. The company's shares are currently trading at just 2.5 times trailing-12-month free cash flow, making it an attractive option for value investors. Lumen is also exploring growth opportunities in edge computing, cybersecurity, and collaboration software, which should contribute to earnings growth in the long term. Despite recent struggles, the company's turnaround effort has the potential to deliver big gains if successful.



2. Applied Materials (AMAT):
Applied Materials is a leading provider of equipment for manufacturing semiconductors. The company's stable business model and high operating profit margins make it an attractive investment option. Shares of Applied Materials are currently trading at 18 times trailing-12-month free cash flow, which is relatively low for a company with such a strong market position. The company's exposure to the growing demand for network-connected industrial equipment, electric vehicles, and artificial intelligence technologies should drive earnings growth in the coming years.

3. Alphabet (GOOGL):
Alphabet, the parent company of Google, is a tech giant with a strong product suite and long-term expansion potential. Despite facing headwinds in its Google search business, the company's massive cash and short-term investment balance allows it to fund higher-growth businesses such as YouTube and Google Cloud, as well as emerging technologies like Waymo. Shares of Alphabet are currently trading at a reasonable valuation of 19.5 times one-year forward expected earnings, making it an attractive investment opportunity for those seeking exposure to the tech sector.



In conclusion, these three cheap tech stocks offer investors a unique combination of value and growth potential. By carefully evaluating their fundamentals and long-term prospects, investors can make informed decisions and capitalize on the tech sector's continued expansion. As always, it is essential to conduct thorough research and consider your risk tolerance before making any investment decisions.