Cloud Storage Companies Stock

Widely speaking saas stocks are winners in the near term with.

Cloud storage companies stock.

Bank of america has a buy rating and 138 price target for twlo stock. I divide cloud stocks into three types. A quick look at the first trust cloud computing etf nasdaq skyy which tracks an index focused on the accelerating cloud computing industry shows that cloud stocks are collectively up 200. But czars aren t the only companies making money off the cloud.

Cloud software companies enjoy high margins since costs linked with delivering a cloud hosted software service is relatively less. The year 2019 is coming to an end and here we do a review of the best performing cloud stocks of 2019 and the most promising for 2020. Splk splunk is a cloud platform for collecting analyzing and storing machine generated data. Like most cloud growth stocks proofpoint stock isn t cheap.

These firms carry a zacks rank 2 buy. The criteria for making this list are a strong strategy or. Yes boring old cisco systems csco 0 12 is going strong in the age of cloud computing. Many saas companies are now working with aws and other cloud vendors to reach new markets.

Still figuring out which cloud computing stocks to buy requires a big picture look at the top companies. Cloud czars the owners of the biggest data. In fact the shares are up almost 40 in the last 12 months thanks in part to a movement toward. These tech stocks considered cloud czars represent more than 3 5 trillion in market value today.