This tech stock may not be a household name among technology investors. The company is a bit-part player in the global web browser, search engine, and advertising markets, which are dominated by the big players. But the stock’s recent action on the market following its latest quarterly report should warrant attention from investors looking to add a growth stock to their portfolios.
The company released second-quarter (ended June 30) 2024 results on Aug. 22. The stock shot up a remarkable 14% in a single session thanks to its better-than-expected numbers and improved full-year guidance. Let’s take a closer look at its quarterly results and why buying this tech stock looks like a no-brainer right now.
This post originally appeared at The Motley Fool.