Stock Groups

Which Cloud-Based Software Solutions Stock is a Better Choice? By StockNews

by Mike Robinson

[ad_1]

© Reuters. AppFolio and Veeva: Which Cloud Based Software Solutions Stock Is Better?

Because the resurgence of COVID-19 cases due to the spread of its Delta variant is causing delays in organizations’ office-reopening plans, cloud-based software companies are expected to continue witnessing high demand for their products and services, at least in the near term. AppFolio (NASDAQ) and Veeva, (NASDAQ) both should be benefited. What stock do you think is the best buy? Let’s find out.Veeva Systems Inc. (NYSE:) and AppFolio, Inc. (APPF) are two budding players in the cloud-based software industry. VEEV in Pleasanton (Calif.) provides cloud-based solutions to the global life sciences sector. This company provides enterprise software, multichannel platforms and customer relations, as well as content management solutions. APPF is a Goleta, Calif. company that provides customized cloud-based services and software for SMBs in both the legal and property management industries.

Increasing adoption of secure cloud-based software solutions across several industries to provide efficient services to their customers and facilitate the continuation of remote working amid the resurgence of COVID-19 cases should drive the cloud-based software industry’s growth. Global cloud computing is predicted to increase at 19.1% to $1.25 Trillion by 2028. Both SNOW as well as VEEV will benefit.

VEEV has risen 12% while APPF prices have declined by 31.2% since the beginning of this year. VEEV is a clear winner with 2.4% price gains versus APPF’s negative returns in terms of their past three months’ performance. What stock do you think is the best? 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. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Banner 3

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. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]