Jefferies Analysts Out With Top Stock Picks Before Global Tech Conference

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Arris International

Jefferies sees this stock as another top value play in 2018. It has been a favorite at the firm for some time and remains a top small cap pick. Arris International PLC (NASDAQ: ARRS) provides media entertainment and data communications solutions in the United States and internationally. It operates through two segments.

The Customer Premises Equipment segment offers various product solutions, including set-top boxes, gateways, digital subscriber lines and cable modems, and embedded multimedia terminal adapters and voice/data modems that enable service providers to offer voice, video and high-speed data services to residential and business subscribers.

The Network & Cloud segment provides cable modem termination system, converged cable access platform, multichannel video programming distributors, programmer equipment, ad insertion technologies and equipment in the ground or on transmission poles, as well as equipment used to initiate the distribution of content-carrying signals.

The $38 Jefferies price objective compares with the consensus target price of $33.80. Shares closed Monday at $26.70.

Cognizant Technologies Solutions

This top stock sold off recently and is offering investors the best entry point in some time. Cognizant Technologies Solutions Corp. (NASDAQ: CTSH) provides information technology (IT), operations and technology consulting, infrastructure and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other.

The company’s consulting and technology services include strategy consulting, business and operations consulting, technology strategy and change management, and program management consulting services; application design and development; systems integration; and application testing, consulting and engineering services; as well as enterprise information management services.

The analysts see Cognizant benefiting through AI platform, analytics/data discovery, chatbots, natural language, computer vision, advisory and implementation.

Investors receive a 0.88% dividend. Jefferies has set its price target at $90, and the consensus target is $90.15. Shares closed Monday at $77.86.

Inphi

This small cap company is a strong contender in the data center arena. Inphi Corp. (NYSE: IPHI) provides high-speed analog and mixed signal semiconductor solutions for the communications, data center and computing markets worldwide.

The company’s end-to-end data transport platform delivers high signal integrity at leading-edge data speeds, addressing performance and bandwidth bottlenecks in networks, from fiber to memory. Inphi solutions minimize latency in computing environments and enable the rollout of next-generation communications infrastructure.

The stock was hit hard early this year and may be offering investors among the best values. The company recently announced that along with Innovium, it is partnering to provide customers multiple highly scalable industry-leading 100 G to 400 G data center solutions to meet their explosive bandwidth demand growth.

The Jefferies price target is $40. The consensus estimate is $35, and the stock closed Monday at $33.56.

Microchip Technology

This company is a huge Internet of Things benefactor. Microchip Technology Inc. (NASDAQ: MCHP) is a leading provider of microcontroller, mixed-signal, analog and flash-IP solutions, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide.

The company recently received a receipt of antitrust clearance in the United States for the proposed acquisition of Microsemi. The company now expects to complete the acquisition of the company in June of this year.

Investors receive a 1.65% dividend. The $110 Jefferies price target is less than the $111.56 consensus price objective, but shares ended Monday at $88.74.