IPG Photonics Corporation (IPGP), Corning Incorporated (GLW), SanDisk Corporation (SNDK): Why You Would Want to Buy These Tech Stocks Right Now

The exponential growth in the sales and demand for smartphones and tablets has created a huge demand for display glasses. Corning Incorporated (NYSE:GLW), with its willow glass, has the potential to produce thin displays for both Organic Light Emitting Diodes (OLED) and liquid crystal displays (LCD).

The stock of Corning Incorporated (NYSE:GLW) is currently trading at $13 and has a good dividend yield of 2.76%. In 2012, the operating margin increased 16.16% and the net profit margin jumped 21.57%, signifying the financial soundness of the company.

The growth potential and good financials make this company a good buy.

SanDisk Corporation (NASDAQ:SNDK): NAND and SSD technologies

SanDisk Corporation (NASDAQ:SNDK), a pioneer in NAND technologies, provides data storage solutions. SanDisk Corporation (NASDAQ:SNDK) is poised to grow with growth in the demand for Solid-State Drives (SSD). The market for enterprise SSDs is expected to grow 59% annually till 2016. This is expected to increase SSD revenue from $582 million in 2011 to $3.5 billion in 2016. SanDisk, being a key player in the SSD market, has a big opportunity to grow its revenue going forward.

External storage devices also offer a strong growth potential for SanDisk Corporation (NASDAQ:SNDK). With the increase in the penetration of smartphones and other digital devices, the demand for external memory cards has increased. The demand for memory cards is projected to increase further in the future.

The stock of SanDisk Corporation (NASDAQ:SNDK) is currently trading at the level of $52 and has a good EPS of 1.92. SanDisk Corporation (NASDAQ:SNDK) is a buy for the long-term because of its strong growth margins and positive growth outlook due to the increase in the demand of solid-state drives.

Conclusion

IPG Photonics Corporation (NASDAQ:IPGP), Corning Incorporated (NYSE:GLW), and SanDisk Corporation (NASDAQ:SNDK) are three tech stocks whose business outlook is positive. These companies have the potential to create disruptive innovation in their respective industries. The companies also have sound financials to invest in their future.

The growth in the demand for the underlying technology used by these companies will drive their future growth. Investors looking for good technology stocks should buy these stocks right away.

The article Why You Would Want to Buy These Tech Stocks Right Now originally appeared on Fool.com and is written by Shas Dey.

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