Stock Groups

2 SaaS Stocks to Buy this month, 2 to Avoid By StockNews

by Mike Robinson

[ad_1]

© Reuters. 2 SaaS Stocks to Buy this month, 2 to Avoid

As companies continue with the remote working structures, with many adopting cloud platforms as part of their digital transformation efforts, the software-as-a-service (SaaS) industry should grow solidly. Absolute Software and QAD, both SaaS stock QAD (NASDAQ) respectively are in a strong position to capitalize on industry tailwinds. Paycor HCM and Workiva could be in danger of financial collapse if their finances decline. Let’s discuss.The heightened demand for cloud-based applications that facilitate remote working and increase the efficiency of business processes is driving the software-as-a-service (SaaS) industry’s growth. Companies that offer SaaS services should not stop growing because they have delayed reopening their offices due to COVID-19 case reemergence.

Global SaaS revenues are expected to rise at 12.5% to $436.9 Billion by 2025.

But not all businesses in this industry are well-positioned for the industry’s tailwinds. QAD Inc. and Absolute Software Corporation should see their stock prices rise over the next months due to efficient operations and solid financials. In contrast , we think their declining financials could cause Workiva Inc . Paycor HCM, Inc., and WK (WK), could experience a short-term downtrend.

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. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are instead provided by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of 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. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]