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3 No-Brainer Mid-Cap Stocks Worth the Shot for Life-Changing Gains
ACM ResearchACM Research(US:ACMR) InvestorPlaceยท2024-04-09 18:21

Group 1: Mid-Cap Stocks Overview - Mid-cap stocks provide a unique blend of growth prospects and stability, particularly when they are profitable [1] - Identifying top mid-cap contenders can be challenging, making diversification essential for investors [1] - With the right approach, mid-cap stocks can yield substantial rewards [1] Group 2: ACM Research (ACMR) - ACM Research is a leading wafer packaging and semiconductor cleaning company based in Fremont, California [2] - The company has experienced significant revenue growth, with a 43% year-over-year increase in FY23, reaching $557.72 million [3] - Net income surged 97% year-over-year to $77.35 million, equating to $1.16 per share, with management projecting up to 30% revenue growth in FY24 [3] Group 3: Qualys (QLYS) - Qualys is a prominent provider of cybersecurity solutions, offering a cloud-based platform for vulnerability remediation [4] - The company reported a 13% year-over-year revenue increase to $554.5 million in FY23, with EPS rising 47% to $4.03 per share [5] - Free cash flow exceeded $200 million, indicating consistent profitable growth [5] Group 4: Sterling Infrastructure (STRL) - Sterling Infrastructure focuses on diverse infrastructure solutions, including transportation and e-infrastructure projects [6][7] - The company achieved an 11% year-over-year revenue increase to $1.97 billion in FY23, with EPS growing 28% to $4.44 per share [7] - Sterling's gross margins expanded by 350 basis points to 18.9%, and it ended the year with a backlog exceeding $2 billion [7]