Analysts are bullish on cloud stocks in 2021. 1. 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. Visit www.zacksdata.com to get our data and content for your mobile app or website. The company is riding on heightening demand for cyber-security solutions owing to the slew of data breaches. The consensus mark for its 2021 earnings is pegged at $1 per share, having been revised 9.9% upward over the same time frame. The social media provider is benefiting from user base expansion boosted by coronavirus-led lockdown. 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. Cloud Computing Stocks To Watch In 2021. It's considered a "top pick" at Needham, which raised its … Returns as of 05/19/2021. These returns cover a period from January 1, 1988 through April 5, 2021. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Anaplan, Inc. ranks 10the in our list of 14 best cloud computing stocks to invest in. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The best cloud computing stocks (in terms of providing cloud infrastructure) are the FAAMG giants: Amazon, Microsoft, and Google. The sentiment right now indicates a moderate buy, making it a good prospective investment and a good choice to buy in 2021. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for 2020 earnings stands at 88 cents per share, up 14.3% in the past 60 days. This Zacks Rank #2 company’s portfolio strength boosts its competitive edge and helps add users. And its focus on hybrid scenarios should power continued growth as more enterprises migrate to the cloud. Anaplan, Inc. (NYSE:PLAN) No of HFs: 63. Here's what investors should know about these two companies' opportunities in the cloud space in 2021. For example, consulting firm Deloitte developed its Smart Factory Fabric, a cloud-enabled manufacturing process, using Amazon IoT systems. Pinterest (PINS Quick QuotePINS - Free Report) provides a platform to show its users (called Pinners) visual recommendations (called Pins) based on their personal taste and interests. Considering the healthy growth prospects of cloud-focused tech companies, it makes sense to invest in this space for long-term gains. Trevor primarily covers tech and financials, with a particular interest in artificial intelligence, blockchain, and other innovative technologies. 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 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. That can put an enterprise at a disadvantage, though, if it means they don't have access to cloud services to help them manage, analyze, and secure that data. With demand for cloud-based solutions growing, enterprises are turning to software companies for providing the digital infrastructure they need to keep up with the online world. Stocks to Buy / Growing Interest in Cloud Payments Is Good News for Paysafe ... a share-price ramp-up began in December and continued into January of 2021. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. This Zacks Rank #2 (Buy) company’s strong focus on product innovation and introduction of solutions like updated Dropbox Spaces, HelloSign, Passwords, Vault and Computer Backup are anticipated to expand its user base. These 10 are painstakingly hand-picked from over 4,000 companies covered by the Zacks Rank. This suggests caution when picking the stocks that will be poised for a big rebound in 2021. For fiscal 2021, the consensus mark for earnings has doubled to 42 cents per share from 26 cents over the same time frame. Moreover, AWS's operating margin was 30% in 2020. ZacksTrade and Zacks.com are separate companies. 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. For fiscal 2022, the consensus mark for earnings has moved 9.6% north to 57 cents per share over the same time frame. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. In the last decade, cloud stocks have been some of the top-performers on the market. For 2021, the consensus mark for earnings has moved 25.4% north to $4.98 per share over the same time frame. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. This makes it possible to bring Azure services -- think artificial intelligence, analytics, monitoring, and security -- to private data centers or even disconnected environments. The best cloud … Moreover, recovering ad demand and spending scenario is anticipated to fuel the top line. Shares of Zscaler have soared 346.2%, outperforming the Zacks Internet Services industry’s return of 33.5% in the year so far. The company is benefiting from the momentum in programmatic ad buying. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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%. The Trade Desk, Inc. (TTD Quick QuoteTTD - Free Report) is a provider of technology platform for advertising. In recent years, Microsoft has also forged partnerships with companies like Datadog, SpaceX, and General Motors that have helped expand Azure's client base. Amazon's cloud computing business, Amazon Web Services (AWS), launched in 2006. Further, integration with leading applications like Zoom, Slack and Atlassian will likely expand the Dropbox paying user base. Here's what investors should know about these two companies' opportunities in the cloud space in 2021. Azure Stack also makes it possible for developers to build and run hybrid applications across cloud and on-premise locations. Last year alone, AWS's revenue rose 30% to $45 billion. Cloud … If you do not, click Cancel. Are We at the Beginning of a Multiyear Boom? Adobe Stock. Moreover, enhanced product offerings, wider Pinner and advertiser base, and simplified ad systems through Verified Merchant Program and Pinterest Partners Program for small businesses are diving growth. 3 Cloud Computing Stocks That Will Outperform in 2021. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. According to research firm Gartner, spending on public cloud services will increase by 19% annually through 2022. Amazon. The monthly returns are then compounded to arrive at the annual return. NYSE and AMEX data is at least 20 minutes delayed. December 24, 2020, TTD Quick QuoteTTD DBX Quick QuoteDBX ZS Quick QuoteZS PINS Quick QuotePINS. We use cookies to understand how you use our site and to improve your experience. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. That growth should be a tailwind for industry titans like Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT). You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. 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. First, Azure Arc extends Azure's management capabilities across any environment, from private data centers to public clouds. They are our primary picks to buy and hold. Analysts place the 12-month stock price target for INSG stock at $12.10 with a high of $13.50 and a low of $10.00. But Microsoft has a solution. For example, Azure Arc makes it possible to train and run AI models using data stored in multiple different locations. The digital advertising company currently sports a Zacks Rank #1 (Strong Buy). A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Apart from this, the company’s Edge cloud for policy enforcement, multi-tenancy, proxy for SSL or TLS inspection and zero trust network access are positioned robustly to gain adoption amid the thriving remote-work culture. 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. Increasing demand for privileged access security on digital transformation and cloud-migration strategies is a key growth driver. Learn More: How to Research Stocks & Motley Fool Review. 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. Delayed quotes by Sungard. This strategy makes sense -- some types of data need to remain on company premises due to privacy or regulatory requirements. TTD, up 66% year-to-date, is among the best cloud stocks in several analysts' eyes. Compare that to the combined operating margin of Amazon's other businesses -- 3%. If you are with the latter, do you have these cloud stocks on your watchlist in the stock market today? Check out the top 10 growth stocks for 2021 here. Since 1988 it has more than doubled the S&P 500 with an average gain of +25.57% per year. Availability of features like Today and Shop tab for Pinners has been the key catalysts. 10. Not surprisingly, its robust product portfolio and large partner network have powered strong growth in Amazon's cloud computing business. Best Crypto & Blockchain Right Now Users then save and organize these recommendations into collections (called Boards). Discounted offers are only available to new members. Moreover, those resources can be accessed on demand, allowing enterprises to quickly and efficiently scale their operations. Such services are easily available with the help of cloud computing technology. And in 2021, the two companies expanded this partnership, enabling SAP to integrate Microsoft Teams into its own software solutions. The shelter-in-place orders have fueled demand for remote project collaborations, video conferencing, online classes, data storage, gaming, and e-commerce shopping. Microsoft launched its cloud computing business, Microsoft Azure, in 2008. Markedly, digital ad spending surpassed traditional media buying last year. Each stock is a Zacks Rank #1 Strong Buy. ... Strong Buy Stocks for May, 2021. And cloud stocks have been among the best performers of them all. Join the Motley Fool today, so you don’t miss out on their three must-buy cloud stocks for 2021. 10. 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. In another partnership that began in 2019, SAP started working with it to migrate its on-premise software customers to Azure. 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. Microsoft's size gives it an advantage over the vast majority of its rivals. Enterprises no longer need to provision and maintain costly on-premises computing infrastructure. 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. 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. That dominance has attracted a diverse network of partners -- enterprises that use AWS to build solutions for their own clients. On the whole, Microsoft's efforts have powered strong growth in its cloud computing business. Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Cloud Computing Stocks FAQs What are the best cloud computing stocks? Top Tech Penny Stocks for Q2 2021 XELA, RESN, and HYSR are top for value, growth, and momentum, respectively This gives The Trade Desk plenty of room to expand, and marketers need to reach consumers beyond Google and Facebook. AWS's lead in cloud computing should help the company grow its top and bottom lines quickly. Some of the fund’s top cloud computing stock holdings are Nvidia, Microsoft, Cloudflare and Salesforce. In the company's fiscal 2020 (which ended June 30, 2020), Azure revenue surged 56%, and through the first two quarters of its fiscal 2021, sales were up 49% year over year. Best Blockchain Stocks AMD. Advanced Micro Devices (AMD) is a provider of PC components and GPUs for the gaming industry. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Zacks Ranks stocks can, and often do, change throughout the month. NASDAQ data is at least 15 minutes delayed. Zscaler (ZS Quick QuoteZS - Free Report) is one of the world’s leading providers of cloud-based security solutions. Storing and managing an enormous amount of data are of utmost importance, and cloud computing firms are emerging as key players in this regard. Here Are 3 Great Starter Stocks, 2 Stocks to Invest in Virtual and Augmented Reality, Copyright, Trademark and Patent Information. The best cloud computing services offer the opportunity for businesses to undergo digital transformation in order to improve efficiency and reduce costs. Furthermore, a strong presence across verticals, such as banking, insurance, healthcare, public sector, pharmaceuticals, telecommunications services and education, is another key catalyst. The Motley Fool - These two tech companies run the largest public clouds in the world. … 2 Top Cloud Computing Stocks to Buy in 2021 - Flipboard Zacks' experts picked 7 stocks with the best chances of skyrocketing within the next 30 days. Top 5 S&P 500 Stocks at Lucrative Valuations Right Now, Top Stock Reports for AT&T, SAP & Advanced Micro Devices. The company’s shares have been up a whopping 291.6% year to date, outperforming the Zacks Internet Software industry’s surge of 122%. That puts Microsoft ahead of rivals like AWS and Alphabet's Google Cloud in terms of its ability to power hybrid AI. Cloudflare Inc. Fastly Inc. In addition to the stocks discussed above, would you like to know about our 10 top tickers for the entirety of 2021? Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. By Aditya Raghunath. Second, Azure Stack allows clients to run their own Azure environments using on-premises servers. Notably, Deloitte's role as a consultant to 80% of Fortune Global 500 companies means it's well-positioned to bring new customers to AWS. Which stocks will be May's top … 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. Year-to-date performance: 16.4%. Stock Advisor launched in February of 2002. The stock has a Zacks Rank #2, at present. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. In his free time, Trevor enjoys reading, traveling, stargazing, health, and fitness. Which stocks will be June's top performers? He grew up in Ohio and later moved to the Pacific coast. This is driving demand for cloud-based security service solutions. The stock has a Zacks Rank #2, at present. Real time prices by BATS. In this guide, we will review some of the best blockchain stocks in 2021. Are You a "Glass Half Full" or "Half Empty" Investor? Goldman has a "buy" rating and $315 price target for CRM stock. While it still trails AWS in terms of market share, the company is executing on a strong growth strategy, and Azure is gaining ground. Moreover, big data has become one of the biggest assets for the healthcare industry. Stock Advisor list price is $199 per year. Start Your Access to the New Zacks Top 10 Stocks >>, The Trade Desk Inc. (TTD) - free report >>. DDOG – Here’s why cloud-computing stocks such as Datadog (DDOG), Splunk (SPLK), and ServiceNow (NOW) could continue to outpace the markets in 2021. Cloud computing has revolutionized the business world over the last two decades. Additionally, growing usage of cloud-based services is aggravating security lapses, inducing risks of hacking and phishing mails in the garb of coronavirus as the subject content. To learn more, click here. If you wish to go to ZacksTrade, click OK. The stock has spiked 37.4% in the year-to-date period, outperforming the Internet Services industry’s rise of 33.5%. Some of the best growth stocks for 2021 include Adobe, MercadoLibre, Tesla, Beyond Meat and Amazon. This includes personalizing content and advertising. ... needs throughout 2021. Specifically, Microsoft has focused on supporting hybrid and edge computing use cases. This suite of applications brings smart manufacturing capabilities to its clients' operations. Oct 23, 2020. The cloud segment's high profitability has helped the tech giant bankroll its e-commerce efforts, making it an even greater threat to traditional retailers. 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. 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? Total Value of HF Holdings: $3.06 Billion. Solid demand for cloud storage, triggered by the coronavirus-led work-from-home wave, has been acting as a tailwind for the company. In other words, AWS generates enough cash that Amazon can afford to run its e-commerce business at a loss to gain market share. Dropbox, Inc. Cloud Computing Trends In 2021. 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. Microsoft ( MSFT, $183.51) has been a household name since Microsoft Windows was released in the 1980s. See the report's 7 new picks today, absolutely FREE. After the sharp sell-off, Wix stock trades for just under 10 times expected 2021 sales. Amazon's cloud computing business, Amazon Web Services (AWS), launched in 2006. Cloud computing has revolutionized the business world over the last two decades. Based on hedge funds sentiment, we present the top 10 cloud computing stocks among the 800+ hedge funds tracked by Insider Monkey. 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. Privacy Policy | No cost, no obligation to buy anything ever. The events of 2020 have turned most predictions for 2021 on their head. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. The company’s plan to shift to hiring in low-cost regions is likely to boost profitability. The BVP Nasdaq Emerging Cloud Index, which tracks mostly younger, ... 2021. In fact, during the fourth quarter of 2020, AWS took 32 cents of every dollar spent on cloud infrastructure services. Cloudflare and Fastly are two familiar names when it comes to top cloud stocks to buy. Anirudha Bhagat We’re motley! This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Market data powered by FactSet and Web Financial Group. Visit Performance Disclosure for information about the performance numbers displayed above. Growth stocks tend to be industry disruptors who reinvest earnings to expand even more. Instead, they can access resources like servers, storage, databases, and software remotely through the internet. In addition, the emergence of digital content boosted the usage of this company’s inventory across all forms of ConnectedTV (“CTV”). 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. 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. 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
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