We love small cap growth stocks in technology land. They simply have exponential growth potential, which makes them so attractive. However, stock picking is without any doubt a key success factor. In this article, we review 3 of our favorite small cap technology stocks.

First, MaxLinear, a $1 billion market cap stock active in the semiconductor sector, shows incredible revenue and profitability growth. Earnings per share are planned to increase sharply. The company provides expanding broadband capacity which facilitates the growing world of cloud applications.

On the daily chart, we see that MaxLinear is in the process of breaking out. This is a small cap technology stock with significant growth potential.

Second on our shortlist of small cap tech stocks is Mitek Systems, with a $261M market cap. Revenues are truly exploding, and the company is even profitable. The P/E ratio is high, but the forward P/E is more than acceptable. Given the current growth trend, we believe the forward P/E is achievable.

Mitek Systems is active in the mobile identity segment, which is booming business, now and in the coming years. The number of users authenticating through a mobile device is accelerating, so this is the moment to invest in this market.

The third small cap technology stock with a huge growth potential is Ring Central. It is a $1.35B market cap stock offering telco services in the cloud. An increasing number of companies are switching from old infrastructure to cloud services, which ties into the trend of 24/7 remote working. The company is more or less break even, and with increasing revenue, we expect Ring Central to become profitable very soon.