Five Cheap Tech Stocks to Buy Now

The Rubicon Project Inc (NYSE:RUBI)

The Rubicon Project Inc (NYSE:RUBI) is an attractive growth stock which has a strong chance to gain value in 2017. The Los Angeles-based company, which helps its clients increase their ad revenue, posted sterling revenue growth of its own until 2016. However, the stock has lost about 66% over the last 12 months amid strategic blunders by the company’s management. Rubicon recently said in a statement that its founder and CEO Frank Addante was stepping down, to be replaced by Michael Barrett. The company said in its third quarter earnings call that it planned to cut 19% of its workforce, a move that will save the company $18 million in 2017. The Rubicon Project Inc (NYSE:RUBI) has no long-term debt. In the fourth quarter of 2016, The Rubicon Project Inc (NYSE:RUBI) earned $0.37 a share on $66.9 million in revenue, better than analysts’ forecasts of $0.15 and $64 million respectively. Heading into 2017, Cliff Asness’ AQR Capital Management had 1.13 million shares of The Rubicon Project Inc (NYSE:RUBI), one of 25 hedge funds in our database which owned the stock.

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