Story updated with one additional stock and latest share prices.
NEW YORK (TheStreet) -- Forget about buzzy Internet stocks going into 2012.
With investors expected to stay cautious for the foreseeable future, analysts are bullish on businesses with predictable revenue streams and growth."The companies that really showcased the strength of the tech market (in 2011) were old tech, not new tech," said Rob Enderle, an analyst with the Enderle Group. "The buzz was social networking but the money was on traditional hardware and software." Here are five of the best-performing tech stocks in the S&P 500 for 2011 where analysts still see major momentum going forward.
Electronic ArtsVideo game company Electronic Arts (EA) has one of the best turnaround stories of the year. Amid threats from social gaming companies like Zynga who offered cheaper alternatives to EA's packaged goods titles like Madden, FIFA and Medal of Honor, the company began to shift its business strategy. Since then, EA has been trying aggressively to grow its digital revenue into a $1 billion annual business through recent acquisitions like PopCap Games, the creator of games like Bejeweled and Plants vs. Zombies. As part of this strategy, EA released its most expensive and ambitious project ever in December--its massively multi-player online game Star Wars: The Old Republic. The game sold 1 million copies in its first ten days of release, making it the fastest-selling MMO in the history of the video game industry. EA's efforts appear to have paid off, as the company's stock is up 27% this year.
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