2 FTSE 100 technology stocks I’d buy today

first_img See all posts by Edward Sheldon, CFA Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Edward Sheldon, CFA | Monday, 15th March, 2021 | More on: AVST EXPN I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!center_img Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” 2 FTSE 100 technology stocks I’d buy today Image source: Getty Images The FTSE 100 index isn’t known for its technology stocks. Unlike the US’s S&P 500 index, it doesn’t have tech giants like Apple and Microsoft.However, a closer look at the Footsie reveals there are actually quite a few companies within the index that operate in the technology industry. Here’s a look at two FTSE 100 tech stocks I’d be happy to buy for my own portfolio today.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…A top FTSE 100 tech stockOne I like the look of right now is Experian (LSE: EXPN). It’s a major player in the consumer credit data space. Its solutions help organisations make faster, smarter decisions and lend responsibly.A reason I’m bullish on Experian is that the company is in the process of enhancing its business model. In the past, it simply sold credit data to organisations. Now however, it’s selling it enhanced by ‘decisioning’ tools. These tools are designed to give customers more insights so that they can make better decisions. This shift in the business model should help drive growth.Looking ahead, analysts expect Experian’s revenue and earnings for the year ending 31 March 2022 to grow 9% and 15% respectively.One risk to the investment case here is a legal claim that was launched against the company recently. The claim – launched by law firm Harcus Parker on 26 February – alleges that Experian sold people’s data to advertisers for targeted marketing without their permission.Experian believes there is no basis for the claim. However, this is certainly something to keep an eye on. If the case is successful, it would be a huge setback for the company. The stock’s valuation (forward-looking price-to-earnings (P/E) ratio of 28.5) also adds risk.Overall however, I think the long-term risk/reward proposition is attractive. The stock’s recent pullback has presented a good buying opportunity, in my view.A Footsie cybersecurity stockAnother FTSE 100 tech stock I like right now is Avast (LSE: AVST). It’s a leading cybersecurity company with over 435m users globally. Recently, demand for its products has surged as people have shifted to working from home.Avast posted a solid set of full-year results for the year ended 31 December 2020 earlier this month. For the year, organic revenue growth was up 7.9%. Meanwhile, adjusted fully diluted earnings per share were up 9.8% to $0.35.Looking ahead, the company said it expects to deliver FY2021 organic revenue growth in the range of 6-8%. “We are confident in our ability to unlock new growth opportunities, with a commitment to continued product and technological innovation, and a stronger-than-ever customer experience,” commented chief executive Ondrej Vlcek.One risk to be aware of here is that hackers are becoming increasingly more sophisticated and cyberthreats are continually evolving. This means there’s no guarantee that Avast will be successful, even if the cybersecurity industry keeps booming.All things considered however, I think this FTSE 100 tech stock has considerable investment appeal. The stock’s current P/E ratio of 17.1 seems very reasonable to me. Edward Sheldon owns shares in Apple, Microsoft, and Experian. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK owns shares of and has recommended Apple and Microsoft. The Motley Fool UK has recommended Avast Plc and Experian and recommends the following options: short March 2023 $130 calls on Apple and long March 2023 $120 calls on Apple. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img


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