HH Top 20 Cloud Stocks For 2020

Its stock is trading at $52.7, with a market capitalization of $7.05 billion, up 125% from its 52-week low of $23.37 in December last year. It had touched a 52-week high of $60.36 in July this year.

6. We like Cloud Customer Service software company Zendesk for its focus on its platform and AI capabilities. It expects to end the current year with revenues of $813-$815 million.

Its stock is trading at $76.7, with a market capitalization of $8.6 billion, up 53% from its 52-week low of $50.05 in December last year. It had touched a 52-week high of $94.9 in July this year.

Cyber Security Players

We expect the cybersecurity space to see a lot of success and big winners in 2020. It is a secular trend with massive macro momentum. It would continue to see a lot of consolidation in 2020.

1. Palo Alto Networks spent about $1.25 billion on acquisitions in 2019 and ended the year with revenues growing 28% to $2.90 billion. We think it may acquire Zscaler in 2020.

Its stock might seem to be languishing a bit, but we expect it to recover in the long-term. It is trading at $229.7, with a market cap of $22.5 billion, up 36% from its 52-week low of $168.8. Its 52-week high is $260.6.

2. We like Qualys for its product innovation, focus on monetization, and its strategy of acquiring smaller, relevant players. It expects to end the current year with revenues of $321.2-$321.8 million. Its stock is trading at $84.9, with a market cap of $3.3 billion, up 28% from its 52-week low of $65.9. Its 52-week high was $97.1.

3. We like IAM leader Okta for its PaaS strategy and the way it has built a robust developer community around its platform. It also launched a $50M venture fund focusing on AI and ML. Its stock is currently trading at $116.2 with a market capitalization of $14 billion, up 113% from its 52-week low of $54.59. It touched a 52-week high of $141.85 in July this year.

4. We like the way Proofpoint is expanding through partnerships and acquisitions. Proofpoint forecast revenues of $882.3-$884.3 million for 2019. Its stock is trading at $113.7 with a market capitalization of $6.4 billion, up 44% from its 52-week low of $78.69. It touched a 52-week high of $133.58 in July this 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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