Fastly. DocuSign generated just $974 million in revenue in 2019, showing the magnitude of the opportunity that remains. For all the hubbub about rapidly shifting cybersecurity needs, Fortinet often gets ignored for no good reason. Top Cloud Stocks For Q4 2020: Datadog Inc. Datadog (DDOG Stock Report) is an American cloud computing stock that was founded in 2010. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. This well-funded and growing connected data platform looks like a reasonable value to me at just 9.2 times trailing 12-month revenue. Even though many of its brick-and-mortar store partners have struggled this year amid COVID-19 and advertising activity has taken a hit, the company remains in growth mode. Businesses that were new to the space quickly found they could rent processing power, as well as accessing software, architecture, platforms, and more from just about anywhere. And at the midpoint of guidance, Fortinet expects third-quarter revenue to increase another 16% year over year, and operating profits should remain at a robust level in at least the mid-20% range. Top Technology Penny Stocks for Q4 2020 FTFT, PHO.TO, and AZKLF are top for value, growth, and momentum, respectively ... (IT) services such as cloud computing. Whatever the antitrust inquiry outcome, though, increased scrutiny over digital data practices could work in favor of LiveRamp. During the second quarter, DocuSign's revenue grew by 45% year over year, accelerating from the 39% gains in the first quarter. ... More PS5 stock promised … By creating a single, secure login, the company gets remote people to work on all the systems they use quickly and painlessly. Invesco S&P Small-Cap Information Technology ETF (PSCT) If you want to get exposure to smaller … Okta's has only begun to scratch the surface of its immense opportunity. Now is the time to buy as cloud stocks are projected to reach $307 billion by 2026. I like cloud stocks as the 2020s get under way. All powered by Twilio's technology. The company's flagship services include Zscaler Internet Access solution that ... Twilio. Pick Cloud-Software Stocks for Stellar Gains in 2020. Intel also has many firms gunning for its business. Microsoft Azure has a wide array of cloud computing services. Like LiveRamp, it was slightly brought down by effects from the pandemic as product sales (including firewall hardware, which makes up just over one-third of revenue) were far slower than cloud subscription offerings. Specifically, Fortinet's revenue increased 18% year-over-year in the second quarter to $615.5 million. At the same time, strong customer adoption not only pushed the topline higher, but also provided a foundation for future growth. 3 Top Cloud Computing Stocks to Buy Right Now ... not including private data center cloud computing -- to grow 6% in 2020 and exceed $250 billion before growing to … The need for social distancing has crimped the ability to sign contracts in person, accelerating the need for consummating agreements from a distance. Brian Withers (Twilio): Twilio might not be a household name, … Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. Perhaps more importantly, it integrates with more than 6,500 of the most often used business software applications, including Microsoft Office 365, AWS, Salesforce.com, and Slack, among thousands of others. Nov 25, 2020 (StockMarket.com via COMTEX) -- Are These The Best Cloud Computing Stocks To Trade This Week? Still not convinced? In this article we list the top 10 cloud computing stocks to buy according to hedge funds. The company's subscription revenue accounted for nearly 95% of the total, giving the company a solid base of recurring revenue on which to build. Operating cash flow quadrupled, while free cash flow grew by eight times compared to the prior year quarter. The company saw its stock price surge around 12.07% during pre-market trading as of 7.11 a.m. Three lesser-known cloud stocks to buy right now are LiveRamp (NYSE:RAMP), Fortinet (NASDAQ:FTNT), and Intel (NASDAQ:INTC). If data practices get clamped down on, LiveRamp's benign platform for monetizing customer information could get a big bump. In spite of all its imperfections, though, the pessimism surrounding Intel looks overdone to me. Cloudflare (NET Stock Report) will be one top cloud computing stock to watch today. Considering it generated revenue of just $1.1 billion in 2019, the road for future growth looks long. Amazon remains the market shareleader in public cloud with roughly 39% share, but Microsoft is a distant second with 19% share. Each of these stocks has positively crushed the overall gains of broader market so far this year -- and they show no signs of slowing. Cumulative Growth of a $10,000 Investment in Stock Advisor, 3 Top Cloud Computing Stocks to Buy Right Now @themotleyfool #stocks $TWLO $OKTA $DOCU $DIS $MSFT $AMZN $CRM $YELP $IT $LYFT $WORK, Twilio's Secret Growth Advantage: Its Own Customers, This Chart Shows One of the Biggest Factors in Twilio's Monster Growth, Here's Proof That Twilio's Acquisition of SendGrid Was Brilliant, This Was the Big Surprise From Twilio's Quarterly Report, Why SaaS Stocks Were Flying Higher Wednesday, Copyright, Trademark and Patent Information. Has turned cybersecurity on its business of nearly 30 % scrutiny over digital practices... About $ 55 billion sign contracts in person, accelerating the need for Access. 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