4 Cloud Stocks That Will Continue To Fly High In 2021

YTD Price Performance: DBX

Zscaler (ZS Quick Quote ZS - Free Report) is one of the world’s leading providers of cloud-based security solutions. The company is riding on a heightening demand for cyber-security solutions owing to the slew of data breaches. Increasing demand for privileged access security on digital transformation and cloud migration strategies is a key growth driver.

Apart from this, the company’s Edge cloud for policy enforcement, multi-tenancy, a proxy for SSL or TLS inspection, and zero-trust network access are positioned robustly to gain adoption amid the thriving remote-work culture.

This Zacks Rank #2 company’s portfolio strength boosts its competitive edge and helps add users. Furthermore, a strong presence across verticals, such as banking, insurance, healthcare, public sector, pharmaceuticals, telecommunications services, and education, is another key catalyst.

The Zacks Consensus Estimate for fiscal 2021 earnings is pegged at 37 cents per share, having been revised 27.6% upward in 30 days’ time. For fiscal 2022, the consensus mark for earnings has moved 9.6% north to 57 cents per share over the same time frame. Shares of Zscaler have soared 346.2%, outperforming the Zacks Internet Services industry’s return of 33.5% in the year so far.

YTD Price Performance: ZS

Pinterest (PINS Quick Quote PINS - Free Report) provides a platform to show its users (called Pinners) visual recommendations (called Pins) based on their personal taste and interests. Users then save and organize these recommendations into collections (called Boards).

The social media provider is benefiting from user base expansion boosted by the coronavirus-led lockdown. Availability of features like the Today and Shop tab for Pinners has been the key catalysts. Moreover, enhanced product offerings, wider Pinner and advertiser base, and simplified ad systems through Verified Merchant Program and Pinterest Partners Program for small businesses are diving growth.

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