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.
The stocks of companies that are involved in cloud maintenance, cloud service, and the ones that own large data centers are termed as cloud stocks. The best cloud stocks belong to large players in the market; however, some small companies with unique spaces in cloud computing also hold promise for the future.
Ticker | Company Name | Last Price | 1-Year Return | Market Cap |
|---|---|---|---|---|
| GOOGL | Alphabet Inc. | $2,358.74 | 72.26% | 1592.3B |
| ADBE | Adobe Inc. | $495.05 | 34.97% | 236.8B |
| CRM | salesforce.com, inc. | $219.48 | 29.18% | 202.1B |
| NVDA | NVIDIA Corporation | $596.93 | 95.80% | 370.6B |
| NOW | ServiceNow, Inc. | $489.36 | 28.16% | 96.6B |
| VEEV | Veeva Systems Inc. | $263.34 | 37.69% | 40.1B |
| PAYC | Paycom Software, Inc. | $333.44 | 24.04% | 20.1B |
| MSFT | Microsoft | $253.35 | 37.99% | 1906.7B |
| IBM | International Business Machines | $145.34 | 19.89% | 129.8B |
| TWLO | Twilio | $319.83 | 87.16% | 54.8B |
| ORCL | Oracle Corporation | $79.41 | 50.97% | 229.0B |
| AMZN | Amazon | $3,307.32 | 39.69% | 1666.1B |
| TWOU | 2U, Inc. | $39.66 | 38.62% | 3.0B |
| PLAN | Anaplan | $56.00 | 34.62% | 8.1B |
| DBX | Dropbox | $24.96 | 14.02% | 10.0B |
| WDAY | Workday | $240.25 | 49.54% | 58.5B |
| INTC | Intel | $57.67 | -2.54% | 232.5B |
| MU | Micron Technology | $85.87 | 84.31% | 96.2B |
| DELL | Dell | $101.67 | 143.52% | 77.5B |
| HPE | Hewlett Packard Enterprise | $16.45 | 71.71% | 21.4B |
| CSCO | Cisco | $53.49 | 29.30% | 225.9B |
| VMW | VMware | $164.78 | 23.62% | 68.9B |
| EQIX | Equinix | $708.25 | 4.87% | 63.5B |
| ADSK | Autodesk | $290.58 | 57.92% | 64.0B |
| NFLX | Netflix | $507.47 | 16.25% | 225.0B |
| OKTA | Okta | $243.41 | 42.94% | 31.9B |
| PANW | Palo Alto Networks | $342.08 | 60.50% | 33.2B |
| SPLK | Splunk Technology | $119.54 | -20.64% | 19.5B |
| FIVN | Five9 Inc | $172.75 | 66.33% | 11.5B |
| CTXS | Citrix Systems | $122.41 | -18.76% | 15.2B |
| AKAM | Akamai Technologies | $109.51 | 8.86% | 17.9B |
| ANET | Arista Networks | $328.36 | 56.04% | 25.0B |
| ZS | Zscaler | $173.06 | 131.12% | 23.5B |
| INTU | Intuit | $404.55 | 44.07% | 110.8B |
| BABA | Alibaba | $227.72 | 15.89% | 617.7B |
| NTAP | NetApp Inc | $78.76 | 83.12% | 17.5B |
| CLDR | Cloudera Inc | $12.35 | 47.02% | 3.6B |
| SHOP | Shopify Inc | $1,110.69 | 53.67% | 138.4B |
| MSTR | MicroStrategy Inc | $629.16 | 409.52% | 6.1B |
| SAP | SAP SE | $142.49 | 23.67% | 172.7B |
| DOCU | DocuSign Inc | $200.96 | 70.74% | 39.1B |
| TDC | Teradata Corp | $42.85 | 80.80% | 4.7B |
| NTNX | Nutanix Inc | $28.59 | 31.99% | 5.9B |
| MDB | MongoDB Inc | $264.61 | 50.84% | 16.3B |
| CTL | Centurylink Inc | $1.56 | 12.23% | 196.5M |
| APPN | Appian Corp | $96.69 | 81.65% | 6.9B |
| DOMO | Domo Inc | $61.63 | 205.10% | 2.0B |
| BOX | Box Inc | $21.25 | 26.04% | 3.4B |
Factors to Consider Before Investing in Cloud Stocks
Cloud stocks are rewarding investments; however, they are highly volatile, and their performance is impacted by various government regulations, new research and development, and other unexpected events.
Therefore, investors must consider the fundamentals of the companies, including earnings, P/E ratios, projected earnings growth, dividend yield, and return on equity, before investing in cloud stocks. Investors must take a detailed look at the business model of the cloud companies and their growth potential before investing in their stocks.
Additionally, investors must also analyze other parameters such as gross margin and variation of actual revenues from estimated revenues to get a clear picture of the real potential of cloud companies and cloud stocks.
Which Cloud Stocks Should I Buy?
Cloud stocks can either belong to cloud maintenance companies, cloud service companies, or the giant cloud ninjas that own large amounts of information and data centers. Among the top cloud stocks that trade on the stock exchanges, we have aggregated a list of the best cloud stocks for you.
Investors must consider the valuation of stocks before investing in them. In recent times, the stock prices of many cloud companies have plummeted; however, the reduction has offered an opportunity for new investors to enter the cloud computing space.
Cloud stocks function in a highly competitive environment. Investors should buy cloud stocks that belong to leaders in the industry, with some diversification into small but promising players, and companies that hold high barriers to entry.
If you’re interested in investing in cloud stocks, you may also enjoy our list of other tech stocks. Technology is an ever growing market, make sure to use all the information above when making your stock choices.
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