It has also been able to lower costs and reduce processing times through its use of combining its customized tensor processing units (TPUs) with graphic processing units (GPUs). On its last earnings call, it highlighted that one customer was able to lower its costs by 72% and processing times by 50%. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Zoom is poised to continue as a basic necessity of corporate communications services Cloud stocks for a long time. It hit the public markets in 2020 with incredible fanfare due to its triple-digit-percentage revenue growth. The stock has fallen since then, and revenue growth has moderated a bit, but Snowflake is now much more reasonably valued. NOW shares were trading at $1,116.99 per share on Monday afternoon, down $7.35 (-0.65%). Year-to-date, NOW has gained 58.10%, versus a 28.68% rise in the benchmark S&P 500 index during the same period.
This is part of its broader strategy to become a leader in the cloud computing market. Cloud-based digital solutions have become critical for nearly every industry in the post-pandemic world. The growth prospects of cloud computing stocks look bright, with more businesses trying to boost their online presence. The list of cloud computing stocks is long and includes big and small players.
ETF Investment Guides
It’s sometimes seen as a danger signal when a company is worth 10 times its revenue. The company, which went public in April 2019, has exploded by 600% from its IPO price of $36 per share. That includes a 270% performance in 2020 – a performance reminiscent of run-ups during the dot-com bubble.
How is the Stock Market Like a Helium Balloon?
Some investors may be wondering if they missed out on Nvidia’s (NVDA) artificial intelligence (AI) run. Futurum CEO Daniel Newman joins Morning Brief to highlight 15 alternative AI plays, including Broadcom (AVGO), Palantir (PLTR), and Oracle (ORCL), that could benefit from the next wave of custom chip demand. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. In this investment guide you will find stocks of cloud technology companies. You can compare the cloud technology stocks according to various criteria.
Our chat rooms will provide you with an opportunity to learn how to trade stocks, options, and futures. You’ll see how other members are doing it, share charts, share ideas and gain knowledge. So throw these into your watch list or add them to your investment portfolio and take advantage of how life has gone. Thematic investing has emerged as a powerful way for investors to sync their portfolios with emerging trends. A mix of long-term and short-term themes is increasingly dictating which companies lead as economies expand and markets shift. Arista Networks is an industry leader in data-driven, client-to-cloud networking for large data centers, campus, and routing environments.
List of Golfing Stocks 2025
The Zacks Consensus Estimate for current-year earnings has improved 0.5% in the last seven days. Microsoft has an expected revenue and earnings growth rate of 13.7% and 12.7%, respectively, for the current year (ending June 2025). The Zacks Consensus Estimate for current-year earnings has improved 1.4% in the last seven days.
- The surge in internet speed and usage has created a plethora of new industries in its wake such as eCommerce, social media, and online streaming.
- Still, he finds The Trade Desk well-positioned as “advertisers continue their march toward digital outlets. Like radio and print before it, traditional television is being disrupted by a new medium.”
- While you might be able to jump in at better prices down the road, each of these companies represents a promising business that many analysts think has long-term legs.
- Many industry experts believe the demand for cloud services will stay elevated after the pandemic.
- As is the case with all high-growth stocks, though, investing in cloud companies will have bumps in the road.
More ServiceNow Inc. (NOW) News
Cloud computing has been the most disrupting trend in the past decade. The process of saving information from users’ systems in small packets at remote locations on the cloud forms the basis of cloud computing. Let’s look at three no-brainer ways to play the cloud computing trend. Please bear with us as we address this and restore your personalized lists. We provide guidance with ETF comparisons, portfolio strategies, portfolio simulations and investment guides. We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere.
Many industry experts believe the demand for cloud services will stay elevated after the pandemic. According to research firm Gartner, global cloud-computing spending will increase from over $250 billion in 2020 to at least $360 billion in 2022. Some research firms are even calling for global cloud spending of $1 trillion annually by the end of this decade. Moving forward, the concept of cloud computing is expected to change because of technological enhancements and dynamic business requirements. As per Nasscom Community, quantum computing integration, AI-driven cloud services and multi-cloud, and interoperability are some of the future trends in cloud computing. The emerging field of quantum computing focuses on changing how data processing is done because it can handle even the most complicated computations that some other conventional systems cannot solve.
- Focused execution drove non-AI services results aided by accelerated growth in the enterprise customer segment as well as some improvement in scale motions.
- Industry experts believe that Alibaba’s cloud services could become a key growth driver for the company.
- On this front, there are several valuation metrics that can be relied upon.
- The cloud industry has grown rapidly in recent years, driven by the increasing need for businesses to be more flexible and efficient in their use of technology.
- Stay up to date on all cloud stocks with Benzinga Pro, your go-to stock market research platform with real-time news and actionable insights.
- Its CDN platform accelerates the delivery of images, videos, and other content for websites, while its DNS (domain name server) service connects website addresses to the correct IP addresses.
Besides offering cloud infrastructure for small businesses to test and host web-based services and apps, it also offers services for the non-tech-savvy outfit. It acquired a company called Cloudways that offers website building and hosting. Snowflake is an important business that has pioneered new ways for businesses to store, migrate, and process massive amounts of digital information. It continued to expand at a rapid pace even during the bear market of 2022 and despite fears of a recession in 2023. It also began turning a healthy profit, as measured by free cash flow.
The Zacks Consensus Estimate for current-year earnings has improved 6% in the last seven days. Cloud computing is a technology that allows individuals and businesses to access and use a wide range of software, services, and data over the internet. Instead of having to install and maintain software and hardware on their own computers and servers, users can access these resources remotely through the cloud. This allows them to be more flexible and efficient in their use of technology. In addition to investing in single cloud technology shares, you also have the option of investing in cloud technology companies via a Cloud Technology ETF. In the table below and in the stock profile you can find out in how many and in which ETFs a particular cloud technology stock is included.
On the business side, one of the biggest beneficiaries of advances in communication is cloud computing. Cloud computing in its simplest terms is the use of computing resources virtually, where companies host expensive hardware and data servers and sell this capacity to customers. In its latest quarterly financial report, revenue from Alibaba Cloud climbed 50 percent on a year-over-year basis to $9.2 billion. Oracle’s cloud initiatives are helping it to offset the weak performance of its on-premises business. Meanwhile, the company has been trying to attract more developers to its cloud platform by offering free services under its Oracle Cloud Free Tier. The company recently added several new “Always Free” infrastructure, storage, networking, observability, and security services.
“Companies want to get folks back into the office and schools long for the in-class experience, but there will now be a strong Zoom component to these businesses,” Milan says. Cornerstone’s Milan, like many others, says to buy ZM after it cools off. The company’s full-year revenue guidance has been pushed to as much as $1.8 billion, and growth will continue into 2021.
Moreover, its non-GAAP net income and non-GAAP EPS stood at $775 million and $3.72, respectively. NOW provides the Now Platform for digital transformation, offering workflow automation, AI, IT service management, and risk management solutions. It serves industries like government, finance, healthcare, IT, and telecom worldwide. This is enough to give analysts pause, as all nine ratings for Fastly are Hold, and the stock is down about 37% YTD. Negative operating income also plagues Fastly, meaning that the firm has that much more of an uphill battle before it can achieve sustainable profitability.