best cloud stocks 2021
Microsoft ( MSFT, $183.51) has been a household name since Microsoft Windows was released in the 1980s. In his free time, Trevor enjoys reading, traveling, stargazing, health, and fitness. Additionally, citing reports of eMarketer, WNIP revealed that the digital ad market is estimated to reach $225 billion by 2024 in the United States alone, up from this year’s nearly $150 billion. The company’s plan to shift to hiring in low-cost regions is likely to boost profitability. Anaplan, Inc. (NYSE:PLAN) No of HFs: 63. This makes it possible to bring Azure services -- think artificial intelligence, analytics, monitoring, and security -- to private data centers or even disconnected environments. Cloud Computing Trends In 2021. Such services are easily available with the help of cloud computing technology. Additionally, Dropbox’s innovative “Virtual First” initiative, under which its employees will work from home majority of the time and will meet once in a while for team collaboration, is expected to lower cost. The BVP Nasdaq Emerging Cloud Index, which tracks mostly younger, ... 2021. Shares of Zscaler have soared 346.2%, outperforming the Zacks Internet Services industry’s return of 33.5% in the year so far. This suggests caution when picking the stocks that will be poised for a big rebound in 2021. Cloud-based solution-providing companies are making the most of the battle against the pandemic, wherein mass gatherings are strictly restricted and people are being increasingly asked to work from home. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Privacy Policy | No cost, no obligation to buy anything ever. These 10 are painstakingly hand-picked from over 4,000 companies covered by the Zacks Rank. The digital advertising company currently sports a Zacks Rank #1 (Strong Buy). Cumulative Growth of a $10,000 Investment in Stock Advisor, 2 Top Cloud Computing Stocks to Buy in 2021 @themotleyfool #stocks $MSFT $AMZN, Attention, Growth Stock Investors: Price Matters, The 3 Smartest Stocks to Buy in a Reopening Economy, New Investor? Amazon. The events of 2020 have turned most predictions for 2021 on their head. This suite of applications brings smart manufacturing capabilities to its clients' operations. Which stocks will be May's top … In the last decade, cloud stocks have been some of the top-performers on the market. According to research firm Gartner, spending on public cloud services will increase by 19% annually through 2022. The Motley Fool - These two tech companies run the largest public clouds in the world. To learn more, click here. NASDAQ data is at least 15 minutes delayed. For fiscal 2022, the consensus mark for earnings has moved 9.6% north to 57 cents per share over the same time frame. Based on hedge funds sentiment, we present the top 10 cloud computing stocks among the 800+ hedge funds tracked by Insider Monkey. And cloud stocks have been among the best performers of them all. On the whole, Microsoft's efforts have powered strong growth in its cloud computing business. The Zacks Consensus Estimate for 2020 earnings stands at 88 cents per share, up 14.3% in the past 60 days. Also, usage of own devices and equipment that are not properly configured or can be infected with malware during teleworking or accessing information to and fro from cloud raises possibilities of security breaches for enterprises. The Zacks Consensus Estimate for its 2020 bottom line is pegged at 31 cents per share, up a whopping 244.4% in the past 60 days. The best cloud computing services offer the opportunity for businesses to undergo digital transformation in order to improve efficiency and reduce costs. Storing and managing an enormous amount of data are of utmost importance, and cloud computing firms are emerging as key players in this regard. Best Blockchain Stocks AMD. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Further, integration with leading applications like Zoom, Slack and Atlassian will likely expand the Dropbox paying user base. ... Strong Buy Stocks for May, 2021. This is driving demand for cloud-based security service solutions. Total Value of HF Holdings: $3.06 Billion. ... needs throughout 2021. Analysts are bullish on cloud stocks in 2021. Furthermore, a strong presence across verticals, such as banking, insurance, healthcare, public sector, pharmaceuticals, telecommunications services and education, is another key catalyst. 4 Best CyberSecurity Stocks for 2021 OKTA – As communities globally have embraced a digital way of communications, shopping, and entertainment, thanks to a global pandemic, the security and safety of data transactions have become much more important. Anaplan, Inc. ranks 10the in our list of 14 best cloud computing stocks to invest in. December 24, 2020, TTD Quick QuoteTTD DBX Quick QuoteDBX ZS Quick QuoteZS PINS Quick QuotePINS. Today, it's still the clear leader in the space, with a more extensive global infrastructure, a broader product offering, and a larger market share than any of its rivals. Discounted offers are only available to new members. After the sharp sell-off, Wix stock trades for just under 10 times expected 2021 sales. Dropbox (DBX Quick QuoteDBX - Free Report) is riding on growing demand for its cloud-based team collaboration tools through which users can share files, photos, videos, songs and spreadsheets. Stock Advisor list price is $199 per year. … 2 Top Cloud Computing Stocks to Buy in 2021 - Flipboard DDOG – Here’s why cloud-computing stocks such as Datadog (DDOG), Splunk (SPLK), and ServiceNow (NOW) could continue to outpace the markets in 2021. Are We at the Beginning of a Multiyear Boom? The shelter-in-place orders have fueled demand for remote project collaborations, video conferencing, online classes, data storage, gaming, and e-commerce shopping. Each stock is a Zacks Rank #1 Strong Buy. Join the Motley Fool today, so you don’t miss out on their three must-buy cloud stocks for 2021. Cloud Computing Stocks FAQs What are the best cloud computing stocks? In other words, it allows clients to manage all their digital resources in a unified way, even if some of those resources are stored on-site or in a rival cloud like AWS. Cloud … The stock has a Zacks Rank #2, at present. We use cookies to understand how you use our site and to improve your experience. The company is benefiting from the momentum in programmatic ad buying. Compare that to the combined operating margin of Amazon's other businesses -- 3%. Markedly, digital ad spending surpassed traditional media buying last year. Zacks Ranks stocks can, and often do, change throughout the month. Stock Advisor launched in February of 2002. The Best Cloud SaaS Stocks In A Correction: Stocks We Plan To Buy On Dips Jan. 23, 2021 10:15 AM ET CRWD, NCNO... 124 Comments 167 Likes Cestrian Capital Research That, in turn, should drive increased profitability for Amazon as a whole, while allowing it to fund the rapid innovation that has kept AWS ahead of its rivals. Let’s, thus, take a closer look at some of the notable cloud stocks that not only benefitted from this growing reliance on technology in 2020 but are also poised to keep gaining next year. TTD, up 66% year-to-date, is among the best cloud stocks in several analysts' eyes. Here's what investors should know about these two companies' opportunities in the cloud space in 2021. Advanced Micro Devices (AMD) is a provider of PC components and GPUs for the gaming industry. This gives The Trade Desk plenty of room to expand, and marketers need to reach consumers beyond Google and Facebook. The stock has a Zacks Rank #2, at present. Zscaler (ZS Quick QuoteZS - Free Report) is one of the world’s leading providers of cloud-based security solutions. The Zacks Consensus Estimate for 2020 earnings is pegged at $4.99 per share, having been revised 58.4% upward in 60 days’ time. The best cloud … Amazon's cloud computing business, Amazon Web Services (AWS), launched in 2006. The Zacks Consensus Estimate for fiscal 2021 earnings is pegged at 37 cents per share, having been revised 27.6% upward in 30 days’ time. And in 2021, the two companies expanded this partnership, enabling SAP to integrate Microsoft Teams into its own software solutions. The Zacks Consensus Estimate for its 2020 bottom line is pegged at 31 cents per share, up a whopping 244.4% in the past 60 days. The company’s shares have been up a whopping 255.7% year to date, outperforming the Zacks Internet Services industry’s growth of 33.5%. Learn More: How to Research Stocks & Motley Fool Review. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. For 2021, the consensus mark for earnings has moved 25.4% north to $4.98 per share over the same time frame. Microsoft's size gives it an advantage over the vast majority of its rivals. Other big decliners in 2021 are cloud database vendor Snowflake, which held the biggest software IPO ever in September, and Coupa, a provider of spend management software. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Year-to-date performance: 16.4%. These results continued Microsoft's strong cloud performance in its 2020 fiscal year, which ended June 30, during which the company reached $50 billion in commercial cloud revenue for the first time. Oct 23, 2020. Specifically, Microsoft has focused on supporting hybrid and edge computing use cases. Anirudha Bhagat This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. And its focus on hybrid scenarios should power continued growth as more enterprises migrate to the cloud. By Aditya Raghunath. Cloud computing has revolutionized the business world over the last two decades. In recent years, Microsoft has also forged partnerships with companies like Datadog, SpaceX, and General Motors that have helped expand Azure's client base. Availability of features like Today and Shop tab for Pinners has been the key catalysts. The company is riding on heightening demand for cyber-security solutions owing to the slew of data breaches. Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606.
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