13 Best Technology Penny Stocks to Buy Right Now

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5. Unisys Corp. (NYSE:UIS)

Share Price as of March 28: $4.65

Number of Hedge Fund Holders: 25

Unisys Corp. (NYSE:UIS) is a global IT solutions company that operates in three segments. These include Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions (ECS). The company also offers various micro-market and business process solutions. It serves industries that include financial services, travel and transportation, healthcare industries, and government agencies among others.

The company is currently implementing its ClearPath Forward 2050 strategy, which focuses on modernizing the company’s legacy ClearPath systems through the integration of cloud and emerging technologies. ClearPath systems refer to the company’s powerful and secure enterprise computing platforms for mission-critical and high-volume transactions. Due to this strategy, Unisys Corp.’s (NYSE:UIS) License and Support (L&S) segment is growing with the segment’s expected revenue for 2025 projected to reach $390 million.

In Q4 2024, L&S revenue improved by 8.4% year-over-year and resulted in a full-year figure of $432 million. This came from long-term L&S renewals secured during Q4 with travel & transportation clients and public sector clients. The company’s ability to modernize services from both Enterprise Computing Solutions (ECS) and Cloud Applications & Infrastructure (CA&I) was a key reason for these renewals.

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