HH Top 20 Cloud Stocks For 2020

2. ServiceNow has an excellent platform, and this year it has partnered with bigger tech giants like Microsoft and Adobe to strengthen its developer ecosystem. It has also been building its AI capabilities through acquisitions. ServiceNow expects to end the year with subscription revenues of $3.3 billion.

Its stock is trading at $282 with a market cap of $53 billion, up 59% from its 52-week low of $158 nearly a year ago. It touched a 52-week high of $303.2 in August.

3. Twilio is a leading player in the Communications PaaS segment that looks promising. This year, it introduced the Twilio Media Streams API that leverages AI to understand the sentiment of the caller and address issues accordingly. Twilio expects to end the year with revenues of $1.114-$1.117 billion.

Its stock is trading at $99 with a market cap of $13.6 billion, up 35% from its 52-week low of $73.15 nearly a year ago. It touched a 52-week high of $151 in July.

4. Splunk has executed well on its PaaS strategy and developer ecosystem. Its platform allows third-party developers to develop cloud-native Splunk apps for real-time, machine-generated Big Data applications. It recently announced the launch of Mission Control – an integrated security platform that includes its security information and event management (SIEM), user behavior analytics (UBA), and security orchestration, automation, and response (SOAR) offerings. Splunk expects to end FY 2020 with revenues of $2.3 billion.

Its stock is trading at $146.31 with a market cap of $22.8 billion, up 62% from its 52-week low of $90.08 nearly a year ago. It touched a 52-week high of $152.68 last month.

5. Veeva is another bootstrapped mid-sized player that has built a strong vertical cloud in pharma. This year it released its AI assistant Andi. We love its CEO, Peter Gassner. Read my interview with him. We believe it could or should do a PaaS strategy in 2020. Veeva expects to end the year with revenues of $1.088-$1.091 billion.

Its stock is trading at $147.7 with a market cap of $21.8 billion, up 86% from its 52-week low of $79.26 nearly a year ago. It touched a 52-week high of $176.9 in July.

6. Cloud-based communication services provider RingCentral has had a stellar year thanks to its excellent partner strategy. It has integrated its new customer engagement platform Engage with Google Dialogflow for its AI and ML capabilities. It looks poised to cross $1B in revenue this year by enhancing its platform.

Its stock is trading at $165.7 with a market cap of $13.9 billion, up 137% from its 52-week low of $69.8 in December last year. It touched a 52-week high of $177.9 in October.

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Sramana Mitra is the founder of One Million by One Million (1M/1M), a global virtual incubator that aims to help one million entrepreneurs ...

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