4 Fast Growing Tech Stocks Trading in Canada

The Canada-listed, fast growing tech stocks on our list have posted large growth over the past four quarters

SmallCapPower | June 19, 2019: Technology companies tend to spark investor interest as they are trendy and are the drivers of innovation in modern society. These companies are often characterized by rapid growth with the potential for big investor upside. Today we have discovered four fast growing tech stocks trading in Canada that have realized large growth over the past four quarters. We used compounded average quarterly growth rate (CQGR) as our metric, which looks at the growth rate of the past four quarters as a compounded average.

*Share prices as at close Monday, June 17, 2019, data obtained from S&P Capital IQ

POET Technologies (TSXV:PTK) – $0.38
Semiconductors

POET Technologies designs, manufactures, and sells semiconductor products in the United States, Canada, and Singapore. It offers optical light source products and photonic-integrated devices for the sensing, telecommunications, medical, instrumentation, industrial, and security markets. POET has a unique manufacturing strategy, whereby applying advanced wafer-level semiconductor manufacturing techniques and novel packaging methods, POET eliminates costly components and assembly testing methods employed in conventional photonics solutions. In addition to lowering costs relative to conventional devices, POET’s Optical Interposer provides a flexible and scalable platform for a variety of photonics applications, ranging from data centers to consumer products.

• Market Cap: $109.5M
• YTD Return: 35.7%
• Average 90 Day Trading Volume: 180,000
• Compounded Average Quarterly Growth Rate: 25%
• Last Reported Quarterly Revenues (Q4/18): $1.4M

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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