This company owns innovative technology in sound and imaging leading the way for over 50 years.
Ray Dolby started Dolby Laboratories (DLB) in 1965 to develop noise-reduction technology. He wanted to reduce the hissing sound on vinyl records and tape recordings. He continued to innovate developing surround-sound compression and video processing. Dolby is used in Blu-ray and DVDs, satellite-radio shows, TV broadcasts and gaming consoles.
Dolby is investing heavily (20% of sales) in new products that will help drive future growth which has paid off with annual sales over $1 billion. The company continues to innovate which will lead to significant growth over the next decade. Annual revenue should easily break the $2 billion mark over the next 5 years.
Dolby is a groundbreaking tech company with big growth potential shares look cheap under $75.
Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.