July 21, 2024

24img

Welcome to World technology

Which Software Stock is a Better Buy? By StockNews


© Reuters. Similarweb vs. SEMrush Holdings: Which Software Stock is a Better Buy?

The software industry has grown significantly over the past year and is expected to continue benefiting from a continuation of remote working and ongoing digitization across several industries. So, popular software companies Similarweb (NYSE:) and SEMrush (SEMR) are expected to benefit. But which of these two stocks is a better buy now? Let’s find out.Similarweb Ltd. (SMWB) and SEMrush Holdings, Inc. (SEMR) are two prominent players in the technology industry. SMWB provides website traffic solutions through AI-driven data analytics. SEMR operates as an online visibility management software as a service (SaaS) platform.

The software industry is expected to continue growing with the (at least in-part) continuation of remote working and the rising need for advanced software from several industries as part of their digital transformation. While many organizations are reopening their offices with the reopening of the economy, a portion of their workforce is still working remotely. This trend is expected to continue given the benefits of remote working. And, according to Grand View Research, the global business software and services market is expected to grow at an 11.3% CAGR from 2021 – 2028.

SEMR has gained 12.7% over the past month, while SMWB has returned 3.8%. But which of these two stocks is a better pick now? Let’s find out.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.