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CFO Rohan Sivaram said the company is well-positioned to achieve its growth and profitability targets for 2025.
Macquarie said GitLab is the farthest ahead in capitalizing on agentic AI with its “Duo,” which is meant to accelerate code delivery.
Pure Storage shares rise due to expansion of AI solutions with GenAI Pod, a full-stack, turnkey solution that reduces deployment time and complexity. FlashBlade//S500 also certified with NVIDIA DGX SuperPOD, offering validated designs for turnkey use cases.
Oppenheimer analyst initiates coverage on Pure Storage with Outperform rating and $70 price target, citing potential growth in demand for unstructured data and the company's strong position in the data storage market.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wall Street investors have been paying close attention to the growth of the clo...
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Here are three of the best cloud computing stocks on Wall Street to put on your watchlist in the second half of 2024.
AI-related stocks including industry leaders like Nvidia (NASDAQ: NVDA), cloud computing, and cybersecurity stand out as "naturals that fit together."
There aren’t too many pure-play cloud storage stocks. However, these three tech stocks lean on the cloud for financial success.
While the innovation space excites, it’s also incredibly risky, which bolsters the case for these best tech funds to buy.
2023 could be the year of the cloud, and these three candidates represent some of the top cloud computing companies to invest in.
The best cloud computing ETFs to buy offer investors significant upside potential once the tech sector recovers.
With continuing remote working trends and digital transformation, the cloud services industry is expected to grow significantly in the coming months. So, we think it could be wise to add fundamentally strong cloud services stocks Open Text (OTEX) and J2 Global (JCOM) to one’s portfolio now. In contrast, RingCentral (RNG) and Synchronoss Technologies (SNCR) look significantly overvalued at their current price levels, so they are best avoided now. Let’s discuss these names.
While companies that offer cloud-based services face challenges, such as frequent cyber-attacks, the industry is expected to perform well in the long run due to the increasing prevalence of remote working. But investors seeking to cash in on the industry tailwinds in a less risky manner than targeting individual names do have the option to invest in cloud-stock-focused ETFs, such as First Trust Dow Jones Internet Index Fund (FDN), First Trust Cloud Computing ETF (SKYY), and Global X Cloud Computing ETF (CLOU), which are rated A in our proprietary ratings system. Let’s discuss.
Tech stocks have continued to post strong earnings issue guidance above expectations. If you’d like to take advantage of Nasdaq’s momentum, consider adding the following 3 ETFs to your portfolio: First Trust Cloud Computing ETF (SKYY), PureFund ISE CyberSecurity ETF (HACK), and Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ).
The cloud computing industry is expected to grow substantially in the coming months driven by the rapid digitalization and commercialization of 5G, among other factors. So, it could be wise to bet now on Workday (WDAY), Teradata (TDC), Cloudera (CLDR), and Box (BOX). We think they are all well-positioned to gain from the industry tailwinds. Read on.
The cloud computing industry is expected to continue growing in the coming months, driven primarily by businesses’ continued adoption of hybrid working models. So, we think two established cloud companies, Twilio (TWLO) and VMware (VMW), should benefit in the coming months. But let’s see which of these two stocks is a better buy now.