These are the 3 tech stocks with the lowest 12-month trailing P/E ratio which could be considered for short-term or long-term investment.

Dow Jones along with S&P 500 futures and Nasdaq Indices have been into huge trouble due to the pandemic. The Dow Jones Industrial Average drastically dropped below 25,000 points from the March 2020 level.

Out of 30 stocks in the Dow Jones industrials, six stocks jumped 10 points or more, which includes Home Depot, UnitedHealth and Boeing.

Also, the shares of Boeing and Raytheon Technologies Corp. RTX contributed significantly to the Dow Jones index.

As we know, tech stocks as represented by the Technology Select Sector SPDR ETF (XLK). The tech sector has dramatically outperformed the broader market over the past 12 months even after considering the outbreak.

Best Value Tech Stocks

In this article, we have picked the stocks with the lowest 12 months P/E ratios as the lower P/E ratio indicates that investors are paying less for each dollar of profit.

1. Motorola Solutions Inc (NYSE: MSI)

Motorola Solutions has an outstanding Q4 quarter, capping another record year for the company. The company shows revenue growth of 5% and expanded operating margins by 80 basis points. Also, Motorola generated $795 million of operating cash flow.

Additionally, the Q4 2019 ended the highest backlog position ever of $11.3 billion which has been up by $659 million year-over-year and up $217 million sequentially. Second, the full year 2019 results exemplify the strength of the company.

2. Raytheon (NYSE: RTN)

The stock of Raytheon outperformed in Wall Street with a surge of above 7.14 (14.23%) on Monday. The investors of Raytheon (NYSE: RTN) have been looking for a bright future after the merger with United Technologies.

After the merger, Raytheon shareholders will get 43% of the new company. Based on the current market cap of RTN i.e. $40B, the future valuation of Raytheon Technologies will turn around $94B. This will add in the $26B in net debt and the enterprise value of the company will surge to $120B.

3. Cisco Systems, Inc. (NASDAQ: CSCO)

Lastly, Cisco stock price dropped down due to the outbreak. But, fundamentally, Cisco features a solid balance sheet. Additionally, its three-year revenue growth rate is above average for its industry, whilst featuring very strong profitability margins.

Cisco stock entitles generous dividends to the investors, which can help mitigate downside giving passive income in troubles. Because of its long-term potential, most of the long-term investors are taking advantage of the discount in Cisco stock.