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7 Lesser-Known Tech Stocks That Will Make You Rich

Mega-cap tech has led the market's rally in 2017. But outsize returns for the next decade will come from these little-known gems.

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Lesser-Known Tech Stocks to Buy: Mulesoft (MULE)

Lesser-Known Tech Stocks to Buy: Mulesoft (MULE)Market Cap: ~$2.8 billion

Mulesoft Inc (NYSE:MULE) has a wacky name, but is doing serious business.

Mulesoft boasts an extensive set of technologies that help companies leverage their own data and systems so they can develop better software. It’s a complex business, as many companies utilize a hodgepodge of systems. To get this working seamlessly, they need Mulesoft, which offers next-generation integration approaches.

Consider this from CEO Greg Schott:

“… We are pursuing one of the largest opportunities in technology today. As enterprises move their business to the cloud, deploy SaaS and embrace mobile and IoT initiatives, it is creating an unprecedented IT challenge to quickly and efficiently connecting the various endpoints, and deliver the benefits of digital transformation. We provide a disruptive platform to help companies create an application network, in which they can quickly discover, reuse and compose application components to deliver new and enhanced services. By using an application network, companies can compose new services in days or weeks, instead of the months or years typically required with custom integration code.”

The growth ramp has been robust, including a 57% jump in revenues to $69 million in the most recent quarter.

But while I like the organic growth prospects for MULE stock, the end game could be a buyout. The industry has already seen a lot of M&A activity in the industry, such as Alphabet’s deal for Apigee. A company such as Microsoft Corporation (NASDAQ:MSFT) or Oracle Corporation (NYSE:ORCL) could greatly benefit from absorbing Mulesoft and its platform.

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Article printed from InvestorPlace Media,

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