JBL - This Dirt-Cheap Tech Stock Is Crushing the Market After Earnings
Contract electronics manufacturer Jabil (NYSE: JBL) delivered solid results earlier this month for the second quarter of fiscal 2022 that comfortably crushed Wall Street's estimates. Jabil's stock price jumped nearly 10% following its earnings report as the robust demand for its offerings and the secular growth opportunities in its end markets pushed growth higher than expected. Jabil also raised its full-year guidance.
Investors were clearly pleased with the latest report, but was it strong enough in it to support a buy recommendation? Let's take a closer look at Jabil's numbers and see why it looks like a top tech stock to buy right now.
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This Dirt-Cheap Tech Stock Is Crushing the Market After Earnings