The software industry continues to show solid long-term prospects, making affordable software stocks an attractive investment option. Zedge, Brightcove, and Immersion Corporation are three such stocks that are worth considering. Zedge specializes in building digital marketplaces and games, while Brightcove provides cloud-based streaming services. Immersion Corporation focuses on creating haptic technologies. These stocks have favorable valuation metrics and have demonstrated strong financial performance. Zedge reported an 8% year-over-year increase in revenue, Brightcove saw a 35.4% year-over-year increase in professional services revenue, and Immersion Corporation recorded $6.98 million in revenue for the fiscal second quarter. Analysts expect Zedge's revenue to increase by 18.5% year-over-year, Brightcove's revenue to increase by 4.7% year-over-year, and Immersion Corporation's revenue to increase marginally year-over-year. These stocks have received an overall rating of B in the POWR Ratings system and are ranked among the top stocks in their respective industries. Zedge is ranked #31 out of 134 stocks, Brightcove is ranked #28, and Immersion Corporation is ranked #25. Zedge and Brightcove have A grades for Value and Sentiment, while Immersion Corporation has an A grade for Quality. Over the past year, these stocks have delivered positive returns, with Zedge gaining 5.1%, Brightcove gaining 2.3%, and Immersion Corporation gaining 36.3%. [b3b331bb] [84252e3e]
Immersion Corporation, a company that creates, designs, develops, and licenses haptic technologies, has been upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating. The stock reached $7.15 during midday trading on Friday, with a market capitalization of $227.66 million. Several institutional investors have recently added to or reduced their stakes in IMMR. [0db5f196]