The 3 Best Tech Stocks That Could Save Your Portfolio This Quarter – Ouster (NYSE:OUST)

The most oversold stocks in the information technology sector offer an opportunity to get into undervalued companies.

The RSI is a momentum indicator that compares a stock’s strength on days when prices are up versus its strength on days when prices are down. When compared to a stock’s price action, it can give traders a better sense of how a stock might perform in the short term. According to Benzinga Pro, an asset is typically considered oversold when the RSI is below 30.

Here is the latest list of major oversold players in this sector with an RSI near or below 30.

Ouster Inc PUSH AWAY

• On August 13, Ouster reported worse-than-expected second-quarter revenue results and issued third-quarter revenue guidance that was below estimates. “Our second-quarter results reflect a solid performance with GAAP gross margin increasing to 34%. Consistent with Ouster’s strategy to expand into software solutions, we had one of our best quarters for software-related sales, driven by Ouster Gemini and Blue City. In addition to continuously improving our operating results, we have built one of the most stable balance sheets and diversified business models in the industry,” said Ouster CEO Angus Pacala. The company’s stock has fallen about 45% in the past month and has a 52-week low of $3.67.
• RSI value: 28.96
• OUST price promotion: Ouster shares fell 2% on Monday to close at $7.85.
• Benzinga Pro’s real-time news feed provides the latest OUST news.

Smith Micro Software Inc SMSI

• On August 1, Smith Micro Software reported worse-than-expected second-quarter financial results. “With the launch of Boost Family Guard in the second quarter, our continued progress on the upcoming launch of a SafePath®-based family safety solution with a leading vendor in Europe, and our cost-reduction initiatives, we believe we are making progress toward returning to growth, profitability and free cash flow,” said William W. Smith Jr., president, CEO and chairman of the board of directors of Smith Micro. The company’s stock fell about 64% in the past month. It has a 52-week low of $0.77.
• RSI value: 19.79
• SMSI price promotion: Smith Micro Software shares fell 3.2% to close at $0.81 on Monday.
• Benzinga Pro’s charting tool helped identify the trend of SMSI stock.

8×8 Inc EGHT

• On August 7, 8×8 reported worse-than-expected first-quarter financial results. In addition, the company lowered its fiscal 2025 revenue forecast and issued second-quarter revenue guidance that was below estimates. The company’s shares fell about 44% over the past month, trading at a 52-week low of $1.52.
• RSI value: 29.48
• EGHT price promotion: 8×8 shares rose 2.4% on Monday to close at $1.73.
• Benzinga Pro’s signals feature notifies of a possible breakout in EGHT shares.

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