The S&P/ASX Small Ordinaries Index (ASX: XSO) is up 0.04% on Tuesday and up 8.9% over the past 12 months.
Meanwhile, the S&P/ASX All Ordinaries Index (ASX: XAO) is 0.1% lower and has lifted 10% over the past year.
ASX small-caps have a market capitalisation ranging from a few hundred million dollars to $2 billion.
As the market anticipates another interest rate cut today, it's worth remembering that falling rates are a tailwind for ASX small-cap shares.
This is because small caps are usually young companies that are funding their early growth with debt. Many aren't making a profit yet.
So, every rate cut improves their balance sheets significantly.
Young companies are particularly prevalent in the ASX technology sector.
In this article, we reveal three ASX small-cap tech shares that are impressing analysts.
Experts reveal ratings on 3 ASX small-cap shares
Aussie Broadband Ltd (ASX: ABB)
Aussie Broadband is the fifth-largest broadband services provider in Australia.
This ASX small-cap tech share has a market capitalisation of $1.11 billion.
Tony Paterno from Ord Minnett has a buy rating on Aussie Broadband shares.
Paterno explains his rating (courtesy of The Bull):
Aussie Broadband's investor day confirmed near-term earnings momentum has remained positive, and expectations for longer term earnings per share growth above 20 per cent per annum are realistic.
The company added more than 24,000 net connections in the third quarter of fiscal year 2025, up 29 per cent on the prior corresponding period.
The company is well positioned to grow residential market share as the NBN upgrades customer speeds.
Evidence of sustainable top line growth is a major positive catalyst.
The Aussie Broadband share price is steady at $3.88 at the time of writing. The stock is up 10.7% over the past 12 months.
SiteMinder Ltd (ASX: SDR)
SiteMinder is the world's largest open hotel commerce platform.
This ASX small-cap tech share has a market cap of $1.3 billion.
Toby Grimm of Baker Young has a buy rating on Siteminder shares.
Grimm says:
This accommodation services provider has continued to retain customers and deliver revenue growth, highlighting the value of its software products through the macroeconomic cycle.
Fears of a cyclical downturn have seen SDR shares fall from $6.37 on February 25 to trade at $4.435 on July 3.
The stock has arguably been subjected to end of financial year tax loss selling, creating an attractive buying opportunity.
Siteminder shares are down 1.7% to $4.56 today and down 13% over the past 12 months.
Audinate Group Ltd (ASX: AD8)
Audinate is an Australian technology company specialising in professional audio-visual (AV) networking solutions.
This ASX small-cap tech share has a market cap of $543.5 million. It's lost almost 60% of its value over the past 12 months.
Peter Day of Sequoia Wealth Management has placed a hold rating on Audinate shares.
Day says:
AD8 recently announced it had entered into a binding agreement to acquire Iris Studio Inc for a total consideration of up to $US28 million.
In our view, this acquisition broadens AD8's video offering, while accelerating the ability to create an interoperable AV platform, which are two key areas of potential growth.
The Audinate share price is down 0.46% to $6.49 on Tuesday.
