Best Growth Stocks to Buy for January 23rd

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today January 23rd:

Ciena CIEN: This company which is a leading provider of optical networking equipment, software and services, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.3% over the last 60 days.

Ciena Corporation Price and Consensus

Ciena Corporation price-consensus-chart | Ciena Corporation Quote

Ciena has a PEG ratio of 1.03 compared with 5.71 for the industry. The company possesses a Growth Score of A.

Ciena Corporation PEG Ratio (TTM)

Ciena Corporation peg-ratio-ttm | Ciena Corporation Quote

Skillsoft SKIL: This company which delivers digital learning, training and talent solutions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 19.8% over the last 60 days.

Skillsoft Corp. Price and Consensus

Skillsoft Corp. price-consensus-chart | Skillsoft Corp. Quote

Skillsoft has a PEG ratio of 0.23 compared with 0.84 for the industry. The company possesses a Growth Score of B.

Skillsoft Corp. PEG Ratio (TTM)

Skillsoft Corp. peg-ratio-ttm | Skillsoft Corp. Quote

Dollar General DG: This company, which is one of the largest discount retailers in the United States, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.

Dollar General Corporation Price and Consensus

Dollar General Corporation price-consensus-chart | Dollar General Corporation Quote

Dollar General has a PEG ratio of 2.63 compared with 3.08 for the industry. The company possesses a Growth Score of B.

Dollar General Corporation PEG Ratio (TTM)

Dollar General Corporation peg-ratio-ttm | Dollar General Corporation Quote

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

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This article originally published on Zacks Investment Research (zacks.com).

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