DecisionPoint Systems DPSI reported second-quarter 2022 earnings of 10 cents per share, soaring 233.3% year over year and beating the Zacks Consensus Estimate of 3 cents per share.Revenues increased 81.3% year over year to $27.5 million and topped the consensus mark by 28%. The top line was driven by broad-based strength across several verticals. Also, the company’s strong relationships with its OEMs and distribution partners have enabled it to partially ship orders worth $22 million from two retail clients and build up inventory for deals that will be shipped over the next few quarters, added DecisionPoint.Synergies from acquisitions are likely to drive DecisionPoint’s performance. The company concluded two buyouts — Advanced Mobile Group and Boston Technologies — in the previous quarter. These acquisitions boost the company’s position in the lucrative transportation and direct store delivery verticals.DecisionPoint Systems Inc. Price, Consensus and EPS Surprise DecisionPoint Systems Inc. price-consensus-eps-surprise-chart | DecisionPoint Systems Inc. QuoteQuarter DetailsProduct revenues (82.5% of total revenues) jumped 96% year over year to $22.7 million.Service revenues (17.5%) increased 33.9% year over year to $4.8 million.The company’s backlog stood as of Jun 30, 2022, stood at $28 million.Operating DetailsDecisionPoint’s second-quarter gross profit increased 81% year over year to $6.3 million.Total operating expenses increased 28.4% year over year to $4.3 million.Adjusted EBITDA rose to $2.7 million from the year-ago figure of $0.6 million.Operating income came in at nearly $2 million against operating income of $0.1 million reported in the prior-year quarter.Balance Sheet and Cash FlowAs of Jun 30, 2022, DecisionPoint had cash and cash equivalents of $8.5 million compared with $9.3 million on Mar 31, 2022. The company’s long-term debt was $0.10 million compared with $0.15 million as of Mar 31, 2022.Cash flow from operations was $12.9 million against $2.5 million in the prior-year quarter.GuidanceFor 2022, the company expects revenue to be between $87 million and $90 million compared with the earlier guidance of $79 million and $82 million, suggesting growth of 33-36% year over year. Services revenues are expected to be $20 million compared with the earlier guidance of $19 million. Adjusted EBITDA is projected to be between $4.6 and $5.0 million compared with the earlier guidance of $3.5 and $3.9 million.Stocks to ConsiderDecisionPoint carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the broader technology space are Cadence Design Systems CDNS, Badger Meter BMI and Arista Networks ANET. Cadence Design Systems, Badger Meter and Arista Networks (ANET) each sport a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for CDNS 2022 earnings is pegged at $4.11 per share, rising 5.7% in the past 60 days. The long-term earnings growth rate is anticipated to be 17.7%.Cadence’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 9.8%. Shares of CDNS have jumped 22.1% in the past year.The Zacks Consensus Estimate for BMI’s 2022 earnings is pegged at $2.30 per share, up 7% in the past 60 days.Badger Meter’s earnings beat the Zacks Consensus Estimate in three of the preceding four quarters, with the average being 12.6%. Shares of BMI have lost 5.5% of their value in the past year.The Zacks Consensus Estimate for Arista Network’s 2022 earnings is pegged at $3.99 per share, increasing 8.4% in the past 60 days. The long-term earnings growth rate is anticipated to be 18.6%.Arista Network’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 10.1%. Shares of ANET have increased 38.4% in the past year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Badger Meter, Inc. (BMI): Free Stock Analysis Report DecisionPoint Systems Inc. (DPSI): Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research