Good stocks to buy now? 4 enterprise software stocks at a glance

You cannot deny that the software industry has known and continues to thrive throughout the current pandemic. In particular, enterprise software stocks are now becoming an increasingly important part of the stock market. All in all, this is understandable given the current state of the world. As variants of the coronavirus continue to wreak havoc in parts of the world, businesses are, unsurprisingly, concerned. For this reason, some of the biggest companies in the stock market extend their work from home orders. Since yesterday, Apple (NASDAQ: AAPL) pushes back plans to return to power until February.

As a result, all of this could increase demand for major business software vendors. Even now, companies like Palo Alto Networks (NASDAQ: PANW) appear to be shifting into high gear. Yesterday, in its latest quarterly report, the cybersecurity firm released solid numbers across the board. Notably, the company posted earnings per share of $ 1.64, beating estimates of $ 1.57. According to Palo Alto Networks, its Prima Secure Access Service Edge offerings, which protect operational networks, continue to drive growth. In the same way, Working day (NASDAQ: WDAY) yesterday posted a profit beat in its quarterly earnings call. Overall, things seem to be heating up in the enterprise software space now. If work-from-home trends persist, investors may want to note these top business software stocks now.

Best Business Software Stocks To Buy [Or Sell] In November 2021

Alphabet Inc.

First of all we have Alphabet, a multinational technology company specializing in online advertising technologies, software, hardware and cloud computing. Its products are used by billions of people around the world. Its software products include its work and productivity software Google Docs and Google Sheets, the Gmail messaging service. The company is also leading the development of the Android mobile operating system and its primary search engine Google Search. GOOGL stock has grown by over 70% in the past year alone. Recently, the company announced that it will partner with neurolinguistic programming (NLP) startup, Cohere in a multi-year partnership.

Cohere is an early stage startup building a natural language processing platform to make it easier for developers to create natural language processing models in applications. The partnership will see Google Cloud’s advanced artificial intelligence and machine learning infrastructure powering the Cohere platform. Through this partnership, they will enable businesses of all sizes to create products and services based on Cohere’s NLP models. This would ultimately make it easier and more cost effective for organizations to use AI with powerful NLP services. All in all, is GOOGL stock worth adding to your portfolio for these reasons?

Source: TD Ameritrade CGU

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Adobe Inc.

Adobe is one of the most diverse software companies in the world because its products and services empower people to design and deliver great digital experiences. In addition, it is a category leader with Adobe Creative Cloud, Adobe Document Cloud and Adobe Experience Cloud, enabling the company to seize significant and growing market opportunities. With this, the ADBE action envisions gains of over 40% over the past year.

Last month, the company announced that it has completed the acquisition of Frame.io, a leading cloud-based video collaboration platform. As a result, the growing demand for video means video teams must create an ever-increasing volume of content in close collaboration with dispersed stakeholders. “With the growing importance of video, we’re proud to add Frame.io’s cloud-native workflow capabilities to Creative Cloud,Said Scott Belsky, product manager and executive vice president, Creative Cloud. “We’re committed to enabling collaboration beyond Adobe apps to the growing number of third-party apps in the creative ecosystem, many of which are supported by Frame.io. With this information, is the ADBE share worth buying?

best business software (stock ADBE)Source: TD Ameritrade CGU

then, we have Amazon.com, a multinational technology company with one of the world’s largest cloud computing services, Amazon Web Services (AWS). AWS provides on-demand cloud computing platforms and APIs to individuals, businesses, and governments. As a result, it would help its users with computing power, database storage, content delivery of a wide range of other features. In particular, it offers machine learning and serverless computing services to businesses to accelerate their digitalization.

Recently, the company announced a partnership with International Business Machines (NYSE: IBM) to extend the reach of a set of tools that oil companies use to manage different types of data. Some oil-producing countries like Saudi Arabia and Russia do not have Amazon data centers but require companies to store their data within the country’s borders. Amazon and IBM would work together to resolve this issue. As a result, by using IBM’s technology called OpenShift, oil companies can use the oil industry’s cloud data tools in their private data centers within their countries. In light of this partnership, would you consider adding AMZN inventory to your business software inventory list?

best business software stocks (AMZN stock)Source: TD Ameritrade CGU

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MongoDB Inc.

Subsequently, we will examine MongoDB. In short, it mainly develops and provides commercial support for its general purpose NoSQL database of the same name. Thanks to such databases, some of the biggest names in tech are using distributed data stores to meet their big data needs. Additionally, with MongoDB’s database being one of the most used platforms in this space, the company is not a newcomer. For an idea of ​​scale, MongoDB currently caters to over 29,000 customers in 100 countries around the world. Even after cumulative gains of over 60% year-to-date, could MDB stocks be worth watching?

Well, on the one hand, the business doesn’t seem to be slowing down any time soon. Yesterday, the company deployed its Atlas Data API (ADA). According to MongoDB, developers can query MongoDB from their backend in any language, eliminating the need for additional drivers. In practice, this essentially allows developers to access the data they need to perform tasks faster. Examples of such tasks include building data-centric microservices and integrating business applications with third-party services. Overall, MongoDB notes that it remains “hyper-focused on making it faster and easier for developers to use data in their applications.” After taking all of this into account, would MDB stocks be a preferred buy for you?

MDB actionsSource: TD Ameritrade CGU

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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