Operating cash flow quadrupled, while free cash flow grew by eight times compared to the prior year quarter. Microsoft Azure has a wide array of cloud computing services. He served on active duty with the US Army and has a Bachelor's degree in accounting. Each of these stocks has positively crushed the overall gains of broader market so far this year -- and they show no signs of slowing. DocuSign generated just $974 million in revenue in 2019, showing the magnitude of the opportunity that remains. 24 The rally off the March 23 bottom in this market has been incredible. Performance of Top Cloud Computing Stocks. The company's flagship services include Zscaler Internet Access solution that ... Twilio. It's still growing faster organically than the industry average, which means it's mopping up market share, and all the while taking a disciplined approach to spending. As the economy rebounds, digital transformation projects will drive growth. There's promise this will someday be a highly profitable tech firm. This acceleration in adoption of cloud computing wasn't limited to Amazon and its cloud offering, Amazon Web Services (AWS). With a valuation of 10.3 times trailing 12-month free cash flow, this hardware stock looks too cheap to ignore. At the end of June, LiveRamp had a massive cash and equivalents balance of $649.9 million and no debt. The advent of the cloud (and the remote work boom it's supporting this year) has turned cybersecurity on its head. From ride-hailing to food delivery, from customer service to password resets -- and everything in between -- hinges on the ability to connect. Press Release 3 Top Cloud Computing Stocks To Watch In November 2020 Published: Nov. 6, 2020 at 9:24 a.m. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. The world's computing needs will increasingly be handled through the cloud, and Snowflake 's (NYSE:SNOW) leading position in data-warehousing services has made its … ET. Like LiveRamp, it was slightly brought down by effects from the pandemic as product sales (including firewall hardware, which makes up just over one-third of revenue) were far slower than cloud subscription offerings. Trading at 24.2 times trailing 12-month free cash flow, this cybersecurity stock remains my favorite, even if CrowdStrike and other cloud-native disruptors are getting most of the attention right now. Emerged as an outsourced service within the technology sector space, cloud computing … Twilio's recent acquisition of customer data platform Segment will significantly increase its market opportunity from $62 billion to $79 billion. In the third quarter, Twilio's revenue climbed 52% year over year, while also delivering a surprise profit, swinging from a loss in the prior-year quarter. Five9, Inc., together with … Accelerating adoption has been a key component to its impressive financial performance. Stock Advisor launched in February of 2002. And in that sandbox, Intel still reigns supreme with a massive $79.0 billion in revenue over the past year and a massive slice of the global semiconductor pie. Cloudflare (NET Stock Report) will be one top cloud computing stock to watch today. All powered by Twilio's technology. The company provides the software building blocks that lets developers embed Twilio's communication technology in their apps, messaging systems, emails, and more. The update you received regarding you ride from Lyft, the text messages and reservation confirmation you got from Airbnb, the customer service interactions with Disney's Hulu, and the booking confirmation from your restaurant via Yelp? In recent years, incumbent firms have fallen behind and look woefully unequipped to protect their customers from online threats. While investors may not know Twilio (NYSE:TWLO) by name, there's little doubt most have used its services. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. Other metrics are equally encouraging. As with all things tech, cloud computing really starts with the hardware. By creating a single, secure login, the company gets remote people to work on all the systems they use quickly and painlessly. ET Pick Cloud-Software Stocks for Stellar Gains in 2020. Cumulative Growth of a $10,000 Investment in Stock Advisor, 3 Top Cloud Computing Stocks to Buy Right Now @themotleyfool #stocks $TWLO $OKTA $DOCU $DIS $MSFT $AMZN $CRM $YELP $IT $LYFT $WORK, Twilio's Secret Growth Advantage: Its Own Customers, This Chart Shows One of the Biggest Factors in Twilio's Monster Growth, Here's Proof That Twilio's Acquisition of SendGrid Was Brilliant, This Was the Big Surprise From Twilio's Quarterly Report, Why SaaS Stocks Were Flying Higher Wednesday, Copyright, Trademark and Patent Information. As the proven leader, with more than 70% of the e-signature market, many turned to DocuSign (NASDAQ:DOCU). Not that LiveRamp's fortunes are completely dependent on this outcome. We found three cloud computing stocks with the help of our Zacks Stock Screener that investors might want to consider buying for 2020... 3 Cloud Computing Stocks to Buy Now for Your 2020 … ... More PS5 stock promised … Forrester Research made a similar call, naming Okta the leading identity-as-a-service (IaaS) provider. Billings -- which includes sales that have been contracted but not yet included in revenue -- grew 61%, illustrating the strength of DocuSign's future business. It has mostly developed its next-gen services in-house, has remained in double-digit percentage growth mode while doing so, and has all the while stayed very profitable. Returns as of 12/02/2020. Amazon remains the market shareleader in public cloud with roughly 39% share, but Microsoft is a distant second with 19% share. Chief among them is NVIDIA, which recently unveiled new data center chips that could cause Intel some real trouble in the next few years. Clearly, this security incumbent is feeling little to no ill effects from rapid change and disruption from its smaller peers. "Chipzilla" isn't going to roll over easily. Fastly. That said, the old adage, "You get what you pay for" comes to mind. Top Cloud Computing Stocks To Watch: Fastly Fastly’s (FSLY Stock Report) stock had been a bit of a downward spiral since announcing preliminary … Let's conquer your financial goals together...faster. As a result, this industry leader had $1.53 billion in cash and equivalents on hand at the end of June, plus another $100 million in liquid long-term investments and zero debt. If data practices get clamped down on, LiveRamp's benign platform for monetizing customer information could get a big bump. This list of breakout cloud companies ranges from bootstrapped giants to venture capital startup darlings. Fastly (FSLY, $80.11) is a content delivery network that ensures … Now is the time to buy as cloud stocks are projected to reach $307 billion by 2026. Free cash flow increased 22% to $216.1 million, good for an enviable free-cash-flow margin of 35%. See you at the top! During the second quarter, DocuSign's revenue grew by 45% year over year, accelerating from the 39% gains in the first quarter. One of the key challenges of the massive migration to the cloud has been to ensure the identity of those remotely accessing critical systems, thereby preventing unauthorized access. Indeed, shares of the cloud computing service provider, the coronavirus vaccine drugmaker, and the medical marijuana company are up close to … Cloud computing stocks are thriving in a digital world. None of these stocks is cheap -- in fact, quite the opposite. Top Technology Penny Stocks for Q4 2020 FTFT, PHO.TO, and AZKLF are top for value, growth, and momentum, respectively ... (IT) services such as cloud computing. New personal finance brand devoted to helping you live a richer life we list the best cloud computing stocks for 2020 10 computing. For Stellar Gains in 2020 powered by FactSet and Web Financial Group,. 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