3 Software Stocks to Buy in a Challenging Industry

The Zacks Computer Software industry is benefiting from the continued digital transformation drive. Software is ubiquitous and has become the focal point of technological innovation. Apart from running devices and applications, its usage is expanding in managing infrastructure. Moreover, the industry is benefiting significantly from the ongoing cloud transition

The role of software is evolving. Further, as more and more people work remotely due to the coronavirus outbreak, demand for voice and video communication software as well as productivity software is expected to jump exponentially. This bodes well for industry participants like Adobe (ADBE), SAP SE (SAP) and Verint Systems (VRNT).

Industry Description

The Zacks Computer Software industry comprises companies that provide software applications related to cloud computing, electronic product designing, digital media and marketing, customer relationship management, on-premise as well as cloud-based database management, accounting & tax purposes, human capital management, cybersecurity and application performance monitoring, among others.

Major

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3 Business-Software Services Stocks to Watch in a Challenging Industry

The Zacks Business-Software Services industry is benefiting from heightened demand for digital transformation and the ongoing shift to cloud. Industry participants like SYNNEX Corporation (SNX), MSCI Inc. (MSCI) and Guidewire Software (GWRE) are gaining from these trends.

Though the pandemic-induced chaos is expected to hurt in the near term, the health crisis has opened up new channels of growth for business software services providers. The industry participants have witnessed solid demand for software-as-a-service (SaaS) amid the pandemic-triggered surging need for remote working, online learning and diagnosis software.

Industry Description

The Zacks Business-Software Services industry primarily comprises companies that deliver application-specific software products and services. The offerings include applications related to finance, human resource and supply chain, among others. Manufacturing, retail, banking, insurance, telecommunication, healthcare and public sectors are the primary end-markets for industry participants.

4 Trends Shaping the Future of the Business-Software Services Industry

Transition to Cloud Creating Opportunities:

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Best Stocks To Buy Now? 4 Software Stocks For Your Watchlist


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This story originally appeared on StockMarket

4 Top Software Stocks To Watch In The Stock Market Today

However you look at it, the world today relies heavily on the software industry. As a result, software stocks are still among the most active stocks on the stock market today. Indeed, this would be the case seeing as software not only fuels most of our tech but also works to improve and drive innovation overall. Given the versatility of the software industry, I can understand if investors are looking for the top software stocks now.

Whether it is quantum computing, artificial intelligence, or even cloud computing, they all rely on software to an extent. Moreover, the software industry continues to ride the current pandemic tailwinds as organizations remain dependent on Software-as-a-Service (SaaS) players now. For one thing, corporate spending on enterprise software surged over

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UiPath IPO to raise nearly $1.5 billion as cloud stocks retreat

UiPath co-founder and CEO Daniel Dines

UiPath

UiPath’s New York Stock Exchange debut scheduled for Wednesday will mark one of the biggest software IPOs in U.S. history and will be the most hyped first trade for cloud investors since Snowflake went public in September.

But the company, whose software helps businesses automate office tasks, has to contend with escalating investor concern over frothy valuations and a market rotation away from high-growth tech.

In recent years, cloud has been a can’t-miss bet. From Zoom’s skyrocketing popularity after its 2019 IPO and Shopify’s growth in e-commerce, to surging demand for cloud security tools sold by Zscaler and CrowdStrike, investors now have an extensive roster of large-cap names for their portfolio.

In 2020, the WisdomTree Cloud Computing Fund, consisting of 58 publicly traded cloud software vendors, more than doubled, while the Nasdaq rose 44% and the Dow Jones Industrial Average gained

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