Although the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has managed to carve out a gain of 7.6% over the last 12 months, not all shares on the market have been able to follow suit.
In fact, the two shares listed below have had a year to forget. Does this make them bargain buys?
The Aconex Ltd (ASX: ACX) share price has fallen almost 28% since this time last year. Despite the software-as-a-service company delivering strong top line growth in FY 2017, it wasn't as strong as the market had been expecting.
In the medium term management expects revenue growth of more than 20% and increasing EBITDA margins. I expect there is a chance that the company will grow even quicker due to the solid demand it is experiencing for its cloud collaboration software and the massive construction projects on the horizon in the Americas. This could make it an opportune time to invest.
The Telstra Corporation Ltd (ASX: TLS) share price has lost almost a third of its value in the last 12 months. Concerns over NBN margins, its future growth plans, and a sizeable cut to its dividend have all played a role in its decline.
I believe that all the negative news flow has been priced into its shares, meaning now could be a good time to consider picking them up. Especially given its proposed 22 cents per share fully franked dividend means a generous 6.2% yield at today's share price.