July 16, 2024

Business Bib

Business & Finance Blog

TOP CLOUD COMPUTING STOCKS TO INVEST IN

3 min read

The cloud generally refers to the internet. But cloud computing is much more than storing and accessing data on the internet.
Cloud computing can be any or a combination of these three forms:

  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a Service (SaaS)

And with the rapid development of these services, it’s safe to say that cloud computing is the future of many businesses.
If you’re an investor and you don’t want to miss out on the future of businesses, here are some of the best stocks to invest in in terms of cloud computing.

Adobe

Adobe is an old company, but that’s not saying it’s not as advanced as other companies out there.
The company has moved into the cloud industry after CEO ShantanuNarayen decided to move the entire company’s operations to the cloud.
The company marketing cloud is in demand to sales teams. Meanwhile, its experience cloud is in demand for designing websites and directing people through them.

Amazon.com

Although Amazon is most popular for its retail business, it’s actually its cloud computing business that’s bringing the cheese to Jeff Bezos’ pocket.
It was Amazon who first resold its cloud, and it has since dominated the market for infrastructure for cloud. At the same time, more and more businesses are using Amazon’s cloud services for their processes.

Another thing that makes Amazon a great stock to buy is its venture into newer businesses, thanks to its Amazon Web Services.

Equinix

One can best describe Equinix as a data center REIT. It’s because it runs data centers that many big businesses use to connect their own clouds. Enterprises use these data center REITs too to house their private clouds.

Being a real estate investment trust (REIT), Equinix has to send most of its profits to the shareholders in the form of dividends.
Its dividend has also grown almost 50% over the last half decade. At the same time, the stock’s value has increased 141%, with a market cap of $31.2 billion.

FireEye

FireEye dabbles with the most crucial and fastest-evolving niches in the market, which is security.
FireEye sells its FireEye Cloud Security as a service to governments, enterprises, and other large corporations.

Apart from firewall services and corporate security, the company is also fond of investigating threats. This and many other ventures make it one of the fastest-growing security companies.

One great thing that makes this stock a strong buy is that it currently has more than $1 billion in cash and short-term securities. It has also been consistently cash-flow positive.

Microsoft

And last but definitely not the least, Microsoft. It has become the strongest among cloud beacons since its Azure cloud is primarily used to develop and sell software.

Microsoft is most popular for its Windows operating system as well as the MS Office applications. Both of these services are now updated online.

However, it also delivers other services through Azure for hundreds of other corporations. The company has also nailed its post tightly on the top with the open-source movement. It has recently acquired GitHub, which is the largest open-source repository.

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