At Extreme Investor Network, we are committed to providing you with valuable insights and information to help you make informed investment decisions. Today, we are focusing on two potential stock split candidates in 2024 that have shown impressive growth over the last 15 years: Super Micro Computer and Intuit.
Super Micro Computer, traded on the NASDAQ under the ticker symbol SMCI, is the market leader in artificial intelligence servers. The company specializes in building high-performance servers and storage systems for enterprise and cloud data centers. With a focus on modular product development and internal engineering, Supermicro is able to bring cutting-edge products to market quickly and offer a wide range of server and storage solutions to its customers.
In the third quarter of fiscal 2024, Supermicro reported strong financial results with revenue increasing 200% to $3.8 billion. Analysts expect the company to continue growing earnings per share at a rate of 47% annually over the next three to five years, positioning it as a strong contender in the market.
Intuit, another NASDAQ-listed company under the ticker symbol INTU, is a market leader in U.S. tax preparation and accounting software. In recent years, Intuit has been focusing on transforming into an artificial intelligence-driven expert platform, expanding its offerings to include additional services like payroll and payment processing.
In the third quarter of fiscal 2024, Intuit reported revenue growth of 12% to $6.7 billion, with strong performance in its small business and self-employed product category. Wall Street expects Intuit to grow earnings per share at a rate of 17% annually over the next three to five years, making it an attractive investment opportunity.
Both Super Micro Computer and Intuit have shown impressive growth over the years, making them potential stock split candidates in 2024. With their strong financial performance and positioning in their respective markets, these companies are worth considering for your investment portfolio.
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