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3 Software Penny Stocks to Buy: Navellier

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.

NEW YORK ( InvestorPlace) -- There is no better place to find explosive growth than with low-priced penny stocks. I'm not talking about pink sheet stocks that are potentially nonexistent, or fraudulent names set to crash. I'm talking about real companies with real earnings -- companies listed for more than one year on a major exchange like the AMEX, NYSE or Nasdaq, and that have a market cap in the ballpark of $100 million.

The returns can be even more powerful when you combine the power of technology stocks and penny stocks. Specifically, the software space is seeing lots of action, thanks to the mass acceptance of smartphones and personal computing devices.

These devices are quite powerful, but they still need programs to make them run. The best software companies are those that make users more productive. In this tough economy, those companies that help workers do more with less are poised to be the penny stocks that really move higher.

Also see: 9 Super Cheap Stocks to Buy Now

Because these companies have the wind at their sails from an earnings perspective, these penny stock prices will not last long. Now is the time to pounce before the rest of the market catches on.

Here are six software penny stocks to buy now.
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