3 Cheap Tech Stocks to Buy Today

The technology sector is home to some of the highest growth rates in the market, but it is not always easy finding the right stock at the right price when we are ready to buy. To make things easier, I have compiled a list of three companies that operate in different industries and whose stocks are trading at inexpensive forward valuations compared with their five-year averages, so let’s take a closer look at each to determine which one would fit best in your portfolio.

1. Evertz Technologies Limited: Infrastructure

Evertz Technologies Limited (TSX: ET) designs, manufactures, and markets video and audio infrastructure solutions for the television, telecommunications, and new-media industries. At today’s levels, its stock trades at 16.4 times fiscal 2015’s estimated earnings per share of $0.99 and 14.3 times fiscal 2016’s estimated earnings per share of $1.14, both of which are inexpensive compared with its five-year average price-to-earnings multiple of 17.4. In addition, the company pays a quarterly dividend of $0.18 per share, or $0.72 per share annually, giving its stock a 4.4% yield.

2. Open Text Corporation: Information Management

Open Text Corporation (TSX:OTC)(NASDAQ: OTEX) is one of the world’s largest providers of enterprise information management. At current levels, its stock trades at 14.7 times fiscal 2015’s estimated earnings per share of $3.45 and 13.7 times fiscal 2016’s estimated earnings per share of $3.69, both of which are inexpensive compared with its five-year average price-to-earnings multiple of 29.4. Additionally, the company pays a quarterly dividend of $0.20 per share, or $0.80 per share annually, giving its stock a 1.6% yield.

3. Sandvine Corporation: Network Solutions

Sandvine Corporation (TSX:SVC) is one of the world’s leading developers of network policy control solutions. At today’s levels, its stock trades at 21.1 times fiscal 2015’s estimated earnings per share of $0.17 and 17.1 times fiscal 2016’s estimated earnings per share of $0.21, both of which are inexpensive compared with its five-year average price-to-earnings multiple of 89. The company does not pay a dividend as of right now, but its strong free cash flow generation could allow it to initiate a small one or announce a special dividend in the near future.

Which of these tech stocks should you buy today?

Evertz, Open Text, and Sandvine are three very inexpensive investment options in the technology sector today. Foolish investors should take a closer look and strongly consider buying one of them.