Cloud Computing Stocks Category Up 5.6% In February; Now Up 9.3% YTD

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
  2. Arista Networks (ANET): up 7.2% in February; up 12.9% YTD
  3. Equinix (EQIX): up 7.1% in February; up 10.4% YTD
  4. DataDog (DDOG): up 5.6% in February; up 8.3% YTD
  5. Digital Reality Trust (DLR): up 4.5% in February; up 9.1% YTD
  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:
  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:
  8. Dropbox (DBX): down 24.4% in February; down 18.8% YTD

Conclusion

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


More By This Author:

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Disclosure: None PSTG ANET EQIX DDOG DLR BOX VRSN DBX 

This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence ...

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