3 Top Cloud Stocks to Buy This Summer. By StockNews

<iframe src=”//rcm-na.amazon-adsystem.com/e/cm?o=1&p=22&l=ur1&category=homegarden&banner=02NMTC702K4D0VHE1SR2&f=ifr&linkID=17e0b4ac3a719000706e772761d8ae0e&t=forexz-20&tracking_id=forexz-20″ width=”250″ height=”250″ scrolling=”no” border=”0″ marginwidth=”0″ style=”border:none;” frameborder=”0″></iframe>

© Reuters. 3 Top Cloud Stocks to Buy This Summer.

Cloud computing is expected to be in demand for the foreseeable future, given its role in hybrid operational structures and the ongoing digital transformation of almost every industry globally. Amid renewed investor interest in tech stocks, we believe the shares of industry leaders in the cloud computing space Alphabet (NASDAQ:), Salesforce.com (NYSE:), and Workday (NASDAQ:) should reach fresh price highs soon. Read on.Cloud computing has been in the limelight since last year, aided by the worldwide adoption of remote working and learning. The significant increase in employee productivity and relatively lower overhead costs delivered by remote working structures have incentivized major businesses to adapt to these structures, which are underpinned by cloud computing technologies. A recent CNBC survey revealed that 45% of the companies are planning to adopt a hybrid working model in the second half of 2021.

Furthermore, the threatening Delta variant of COVID-19 is expected to further delay the reopening of offices, keeping fully remote or hybrid working structures as the norm in the coming months. This, coupled with the gradual 5G rollout, should drive spending on cloud services. Worldwide spending on public cloud services is expected to increase 23.1% year-over-year to $332.30 billion in 2021.

Given this backdrop, we think established cloud computing companies Alphabet Inc. (GOOGL), Salesforce.com, inc. (CRM) and Workday, Inc. (WDAY) could be ideal bets now.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


8 + 1 =