10 Best Debt-Free IT Stocks to Buy Under $10

6. Vimeo Inc. (NASDAQ:VMEO)

Ent. Value: $587 million; Market Cap: $900 million

EV to Market Cap: 0.7

Share Price: $5.48

Number of Hedge Fund Holders: 27

Vimeo Inc. (NASDAQ:VMEO) is a video software and streaming platform that provides tools for businesses, content creators, and enterprises. With its tools, the customers can produce, host and distribute video content. The company offers a range of services, including video hosting, live streaming, and video monetisation solutions, catering to a diverse clientele from individual creators to large enterprises.

While Vimeo Inc. (NASDAQ:VMEO)’s revenue was broadly flat year-over-year at $417 million, it continued to report robust bookings growth. For Q4, revenue fell 2% to $103 million, but bookings grew 3%. After the results, the management was quite upbeat about the strategic growth investments in product enhancements that capitalize on the market opportunities.

To do that, the company is currently focusing on innovations in vertical solutions, bolstering security for its content, offering new video formats like spatial video, and AI-led enhancements for its platform. Regarding guidance, the company expects growth acceleration in bookings and revenue, and is aiming to potentially achieve double-digit growth by the end of the year. Vimeo Inc. (NASDAQ:VMEO) ended 2024 with $325 million in cash and no debt.