Our Cloud Computing SaaS Stocks Portfolio Went Up 4% In August
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An Introduction
The global cloud computing (CC) SaaS market is projected to have a CAGR of 18.4% between now and 2032, according to Fortune Business Insights, and that bodes well for CC companies.
Our Pure-Play Cloud Computing SaaS Stocks Portfolio
Below is a list of the 8 pure-play CC companies with market capitalizations of $20B or more presented in descending order of their performances last in the month of August, their market capitalizations, their business profiles, and any pertinent news, analyses and/or commentary where available.
- Workday (WDAY): UP 15.9% in August
- Company Description: provides enterprise cloud applications to help its customers manage their business and operations
- Market Capitalization: $69B
- News, Analyses, and Commentary:
- MongoDB (MDB): UP 15.2% in August
- Company Description: provides general-purpose database platforms worldwide and offers professional services comprising consulting and training
- Market Capitalization: $22B
- News, Analyses, and Commentary:
- Cloudflare (NET): UP 6.0% in August
- Company Description: provides an integrated cloud-based security solution to secure a range of combination of platforms and offers website and application performance solutions
- Market Capitalization: $28B
- News, Analyses, and Commentary:
- ServiceNow (NOW): UP 5.0% in August
- Company Description: provides end to-end intelligent workflow automation platform solutions for digital businesses
- Market Capitalization: $176B
- News, Analyses, and Commentary:
- HubSpot (HUBS): UP 0.4% in August
- Company Description: provides a cloud-based customer relationship management (CRM) platform for businesses
- Market Capitalization: $25B
- News, Analyses, and Commentary:
- Datadog (DDOG): DOWN 0.2% in August
- Company Description: operates an observability and security platform for cloud applications
- Market Capitalization: $39B
- News, Analyses, and Commentary:
- Atlassian (TEAM): DOWN 6.2% in August
- Company Description: designs, develops, licenses, and maintains various software products
- Market Capitalization: $43B
- News, Analyses, and Commentary:
- Snowflake (SNOW): DOWN 12.4% in August
- Company Description: offers Data Cloud which enables customers to consolidate data into a single source to drive meaningful business insights, build data-driven applications, and share data and data products
- Market Capitalization: $38B
- News, Analyses, and Commentary:
Summary
The above 8 Cloud Computing stocks went UP 4.1%, on average, in August and have an average market capitalization of $54B.
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Disclosure: None
This article has been composed with the exclusive application of the human intelligence (HI) of the author. No artificial intelligence (AI) technology has been deployed. ...
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