Free cash flow (FCF) is the lifeblood of a business. Two companies that produce loads of FCF yet are trading at a discount are Airbnb (NASDAQ: ABNB) and Adobe (NASDAQ: ADBE). Airbnb has become synonymous with alternative stay accommodations.
First is cybersecurity firm CrowdStrike (NASDAQ: CRWD). Most businesses' cybersecurity solutions must be beefed up in the coming years, and CrowdStrike will significantly benefit from this spending wave. CrowdStrike also converts a high percentage of its revenue into free cash flow (FCF), posting a 30% margin in Q3 FY 2023 (ending Oct. 31).
Being a tech investor isn't easy these days, and no one can say when this volatile environment will end. Until then, investors may be in for more choppy waters ahead. Fiverr (NYSE: FVRR) is one of the leading platforms capitalizing on the gig economy -- a phenomenon that was well underway before the pandemic and is set to see explosive growth in the years ahead.