The total size of the offering was $510,000,000 based on an initial share price of $17.00. Its market cap of $3.5 billion buys you over $800 million in 2018 revenue, but as with many other companies in the space, it must invest continuously to stay competitive and only became profitable in the third quarter of 2018, earning six cents per share. Users interact with the platform and each other through posting short messages. Airbnb Stock IPO Is Set to Soar 200%. Intel (NASDAQ:INTC) is part of the cloud retinue. Once it was built, the maintenance and scaling headaches were just the beginning for this complex setup. The companies should do a combined $800 million in business during 2018, so the price to sales ratio looks like a bargain. In May 2017 Equinix completed the purchase of Verizon’s data centers. SaaS Stocks – Software growth stocks for the digital transformation in the cloud The Software as a Service business model allows software companies growing at faster rates Over the last few years, the software as a service (SaaS) industry has emerged as a leading segment within the tech sector and the cloud computing space. Equinix (NASDAQ:EQIX) is a data center REIT. And not only is AWS a key source of profit for Amazon, but it's also the undisputed leader in the cloud computing infrastructure market. Nasdaq Market data powered by FactSet and Web Financial Group. The 2020 health crisis has severely disrupted global economies. Kingsoft Cloud's lock-up period expired on Wednesday, November 4th. While other sectors of the cloud computing market fell hard in October, computer security companies like FEYE remained strong. Nio Stock Is Recharged To Rally After A Punishing Pullback. FEYE has over $1 billion in cash and short-term securities on its books, enough to pay off its long-term debt with room to spare. In addition to offering firewall services and corporate identity protection, the company also investigates threats. This means it has increased its capital budget to over $13 billion in 2018, from $8.9 billion just two years ago. All rights reserved. Copyright © 2020 InvestorPlace Media, LLC. Copyright © Later, Twitter, Snapchat, Myspace, Instagram, YouTube, Pinterest, Google Plus and many others cropped up to meet the rising need of people to link with each other. Beyond these obvious choices, the cloud retinue includes data centers that connect clouds to one another and companies that deliver essential software as a service to both the public clouds of the Czars and the thousands of private clouds now replacing corporate data centers. Integration with these companies, meant to make forms easier to complete, help Intuit expand its niche. Explore over 10 million stock media, video effects, and audio for your next project. In the process of building Azure, Microsoft has also buried the hatchet with the open-source movement. You might have received a phone call from your Lyft driver, an SMS text from Airbnb providing updates on your booking status, or a phone call to confirm your concert tickets are still available to sell on StubHub's marketplace. #1: Facebook Facebook is currently the largest social media site in the world. It still dominates the market for cloud infrastructure, and the businesses using that infrastructure, like Netflix, continue to grow like weeds. Sprout Social, which provides a cloud-based platform for businesses to manage social media accounts, raised $150 million by offering 8.8 million shares at $17, the midpoint of … The software provides users with real-time alerts to your email or Slack account on any information you need for social media monitoring. The good news for Amazon is that the cloud computing infrastructure as a service (IaaS) market isn't done growing yet. This usage-based model powered a 51% compound annual growth rate over the last three fiscal years (not including the SendGrid acquisition) and has continued to drive strong growth of 57% and 46% for Q1 and Q2 of this year. What Is DoorDash IPO Price Range. Let's conquer your financial goals together...faster. Cloud computing has become one of the hottest markets for tech stocks, as many companies have moved their focus from hardware-based products to cloud-based services. Adobe Creative Cloud includes easy design tools to wow your followers. Equinix competes with such companies as CoreSite Realty (NYSE:COR), CyrusOne (NASDAQ:CONE) and Digital Realty Trust (NYSE:DLR), most of which were built on a real estate platform rather than a tech platform. 1. Intuit (NASDAQ:INTU), like Adobe, began life selling packaged software for PCs, but now sells that software mainly by subscription. But the company's growth is just getting started. What sent Adobe stock into overdrive was its marketing cloud, used by sales teams, and its experience cloud, used to design Web sites and direct people through them, based on data. Companies would have to connect to a network provider, set up a communications data center, adapt existing applications by writing custom code, and likely hire high-priced consultants to integrate it all together. For context, AWS reported $40 billion in net sales. Chris has covered Tech and Telecom companies for The Motley Fool since 2012. quotes delayed at least 15 minutes, all others at least 20 minutes. As more companies look to the cloud to expand these services, they'll likely rely on Amazon's leading cloud infrastructure service to do so. Uncluttered workspace. The company has proven to be particularly resistant to the challenges facing many businesses during the pandemic. This shift in the industry has not only created a lot of new, fast-growing companies that focus solely on cloud services, but it has also helped reinvigorate older tech companies. Its purchase of Pillpack in 2018 makes it a pharmacy, and its joint venture with Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) and JPMorgan Chase (NYSE:JPM) could quickly make it one of the nation’s largest health insurers — the three companies have over 1 million employees between them. Microsoft has become a growth company again. 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