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Which SaaS stock is a Better Investment? By StockNews

by Mike Robinson

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© Reuters. Twilio or MiX Telematics – Which SaaS stock makes a better investment?

The increasing adoption of cloud-based software products to enhance flexibility in business operations should drive the software-as-a-service (SaaS) industry’s growth. Therefore, SaaS stock Twilio (NYSE 🙂 and MiX Telematics(NYSE 🙂 are likely to benefit. Which stock is better to buy right now? Let’s find out.Twilio Inc. (TWLO) in San Francisco, and MiX Telematics Limited (MIXT) in Midrand, South Africa, are two prominent players in the software industry. TWLO is a cloud communication platform which allows developers to create, scale and manage customer engagement in software applications worldwide. Developers can also use APIs to integrate voice, messaging and email into their software applications. In comparison, MIXT offers fleet and mobile asset management solutions through a software-as-a-service (SaaS) delivery model to customers worldwide. Products and services provided by the company provide safety, efficiency, security, and other benefits to consumers as well small fleets.

The rising adoption of cloud-based software solutions by enterprises to facilitate remote working and enable flexibility in their operations has been driving the Software-as-a-Service (SaaS) industry’s growth. Because of the recent resurgence COVID-19 case, delays in office opening plans are expected to keep SaaS demand high for the near future. The global SaaS market will grow by 12.5% to $436.9 million in 2025. TWLO, MIXT and both SHARE should all benefit.

In terms of their past nine months’ price performance, MIXT is a clear winner with 3.2% gains versus TWLO’s negative returns. What stock do you think is the best? Let’s find out.

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