Jabil, Inc.
JBL
, is one of the largest global suppliers of electronic manufacturing services.Jabil is benefiting from strong demand in key end markets with excellent operational execution and skillful management of supply chain dynamics. It is likely to witness healthy top-line growth owing to secular tailwinds in healthcare, automotive, industrial, 5G and cloud businesses. Jabil’s focus on end-market and product diversification is a key catalyst. Its Photonics business unit and EFFECT Photonics have joined forces to develop next-generation coherent optical modules, which will likely drive top-line expansion. Jabil expects EMS revenues to increase 15% in fiscal first quarter, driven by secular growth trends in several end markets, such as healthcare, automotive and mobility. The healthy growth momentum is likely to be buoyed by robust digital print and retail performances, industrial and semi cap and 5G wireless and cloud businesses.
DocuSign
DOCU
is a global provider of cloud-based software.DocuSign’s top line is being significantly benefited from continued customer demand for eSignature, its anchor product. The acquisitions of Seal Software and Liveoak Technologies are expected to add functionality to DocuSign Agreement Cloud and significantly expand the company’s eNotary offerings. The company remains focused on continuously acquiring eSignature customers, improving its offerings, and expanding internationally. DocuSign became very popular during the pandemic as it was a great solution to sign documents when not physically present. The company became a go to for many businesses that needed to digitally prepare, sign, act on, and manage agreements.
Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2023? From inception in 2012 through November, the
Zacks Top 10 Stocks
portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%.
Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
