HH Top 20 Cloud Stocks For 2020

7. Workday entered the PaaS market last year when it opened up its Cloud Platform to developers. It is well-positioned to do a PaaS strategy in 2020 and is therefore on our radar. It expects to end the year with revenues of $3.6 billion.

Its stock is trading at $160.45 with a market cap of $36.9 billion, up 13% from its 52-week low of $141.7 in December last year. It touched a 52-week high of $226.8 in July.

Small Players with Revenue less than $1B

1. Among the smaller players, we like inbound marketing specialist Hubspot for its excellent management. It has done a nice job with its developer ecosystem. In 2020, we expect to see more from it on PaaS and AI. HubSpot expects to end the year with revenues of $669-$670 million.

Its stock is trading at $157.4 with a market capitalization of $6.7 billion, up 266% from its 52-week low of $108.4 in December last year. It had touched a 52-week high of $207.98 in August this year.

2. We like Alteryx for the strong momentum it is showing for its subscription-based end-to-end analytics platform. It was bootstrapped initially before it raised $163 million. It went public two years back at a valuation of about $840 million and a list price of $14.61.

Its stock is trading at $99.1 with a market capitalization of $6.45 billion, up 105% from its 52-week low of $48.34 in December last year. It had touched a 52-week high of $147.8 in September this year.

3. In the mission-critical document signature space, we like DocuSign for its focus on the entire document management life cycle. It expects to end the year with revenues of $947-$951 million.

Its stock is trading at $73.6, with a market capitalization of $13.2 billion, up 103% from its 52-week low of $36.25 in December last year. It had touched a 52-week high of $76.28 in September this year.

4. Smartsheet has built a successful platform for enterprise collaboration. It has a rich feature set that allows developers to build apps, integrators and connectors that power collaboration capabilities by automatically synchronizing data from critical business platforms. It expects to end the year with revenues of $265-$268 million.

Its stock is trading at $42.7, with a market capitalization of $5 billion, up 91% from its 52-week low of $22.01 in December last year. It had touched a 52-week high of $55.7 in July this year.

5. The year 2019 saw Anaplan working on its developer ecosystem, PaaS, and AI strategy. It forecast revenues of $346-$347 million for the year.

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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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