Introduction

Cloud computing (CC) is the technique of processing, storing, and managing data on a network of remote computers hosted on the internet rather than on a personal computer or local server and, according to a MarketsandMarkets report, the cloud computing market will expand at a 17% CAGR between 2022 and 2027, which should bode well for CC companies.

The Cloud Computing Companies Index

Below is a list of the 8 largest pure-play CC companies, presented in descending order of their performances in February and YTD with the latest news, commentary and/or analysis on each company.

1. Pure Storage (PSTG): up 31.7% in February; up 47.6% YTD
   • provides data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object.
   • Latest News, Commentary and/or Analysis:
     • Pure Storage Announces Fiscal Fourth Quarter and Full Year 2024 Financial Results
2. Arista Networks (ANET): up 7.2% in February; up 12.9% YTD
   • develops, markets, and sells cloud networking solutions that consist of a set of network applications, as well as gigabit Ethernet switching and routing platforms.
   • Latest News, Commentary and/or Analysis:
     • Arista Networks stock soars past big tech rival Cisco
3. Equinix (EQIX): up 7.1% in February; up 10.4% YTD
   • provides businesses with access to important locations, partners, and opportunities to expand their digital services, enhance customer experiences, and increase their overall value.
   • Latest News, Commentary and/or Analysis:
     • Equinix Reports Fourth-Quarter and Full-Year 2023 Results
4. DataDog (DDOG): up 5.6% in February; up 8.3% YTD
   • operates an observability and security platform for cloud applications.
   • Latest News, Commentary and/or Analysis:
     • Does Datadog have huge potential?
5. Digital Reality Trust (DLR): up 4.5% in February; up 9.1% YTD
   • a REIT that provides data center, colocation, and interconnection solutions.
   • Latest News, Commentary and/or Analysis:
     • Digital Realty Declares Quarterly Cash Dividends for Common and Preferred Stock
6. Box (BOX): down 0.8% in February; up 0.6% YTD
   • provides a platform that enables users to collaborate on content internally and with external parties, automate content-driven business processes, develop custom applications, and implement data protection, security, and compliance features.
   • Latest News, Commentary and/or Analysis:
     • Box Is Looking To Continue Growing Its Returns On Capital
7. Verisign (VRSN): down 1.8% in February; down 5.2% YTD
   • provides domain name registry services and internet infrastructure that enables internet navigation of .com and .net domains that support global e-commerce and also provides back-end systems for .cc, .gov, .edu, and .name domain names, as well as operates distributed servers, networking, security, and data integrity services.
   • Latest News, Commentary and/or Analysis:
     • Verisign beats fourth-quarter revenue estimates on strong internet services demand
8. Dropbox (DBX): down 24.4% in February; down 18.8% YTD
   • provides a platform that allows individuals and groups to collaborate and sign up for free through its website or app, or upgrade to a paid subscription plan for premium features.
   • Latest News, Commentary and/or Analysis:
     • Dropbox Announces Fourth Quarter and Fiscal 2023 Results

Conclusion

Our (non-tradable) Cloud Computing Companies Index of these companies was up 5.6% in February, and is now up 9.3% YTD.

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