High Growth Tech Stocks To Explore This November 2024

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In the wake of recent U.S. elections, global markets have experienced a significant rally, with major indices like the S&P 500 and Russell 2000 posting impressive gains due to investor optimism about potential economic growth and tax reforms. Amidst this backdrop, high-growth tech stocks remain an attractive area for exploration, as they often benefit from such macroeconomic conditions by leveraging innovation and scalability to drive future earnings potential.

Top 10 High Growth Tech Companies

Name

Revenue Growth

Earnings Growth

Growth Rating

Material Group

20.45%

24.01%

★★★★★★

Yggdrazil Group

24.66%

85.53%

★★★★★★

Scandion Oncology

40.71%

75.34%

★★★★★★

TG Therapeutics

34.66%

56.48%

★★★★★★

Pharma Mar

26.94%

56.39%

★★★★★★

Sarepta Therapeutics

23.89%

42.61%

★★★★★★

Alkami Technology

21.89%

98.60%

★★★★★★

Alnylam Pharmaceuticals

22.41%

70.53%

★★★★★★

Adveritas

57.98%

144.21%

★★★★★★

Travere Therapeutics

31.20%

72.26%

★★★★★★

Click here to see the full list of 1281 stocks from our High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

F-Secure Oyj

Simply Wall St Growth Rating: ★★★★☆☆

Overview: F-Secure Oyj is a cybersecurity company providing security solutions in Finland and internationally, with a market cap of €330.83 million.

Operations: F-Secure Oyj generates its revenue primarily from the Consumer Security segment, which accounts for €146.13 million. The company's focus on cybersecurity solutions supports its operations in both Finland and international markets.

F-Secure Oyj, navigating through a challenging tech landscape, reported a modest revenue increase to €109.22 million over nine months, up from €93.46 million in the previous year, reflecting a 3.5% growth rate which surpasses Finland's market average of 2%. Despite this growth, profit margins dipped to 14.3% from last year’s 21.4%, influenced by one-off gains of €6.1M that skewed earnings comparisons. Notably, the company's R&D commitment is robust, aligning with its forward-looking strategy as evidenced by an anticipated earnings growth of 15.5% annually—outpacing the Finnish market forecast of 14.4%. This focus on innovation could be pivotal for F-Secure as it adapts to evolving cybersecurity demands and integrates new technologies to stay competitive in a rapidly shifting sector.

HLSE:FSECURE Earnings and Revenue Growth as at Nov 2024
HLSE:FSECURE Earnings and Revenue Growth as at Nov 2024

Lunit

Simply Wall St Growth Rating: ★★★★★☆

Overview: Lunit Inc. specializes in developing AI-based software solutions for cancer screening, diagnosis, and treatment, with a market cap of ₩1.15 billion.