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4 Software Stocks Rated ‘Strong Buy’ in the POWR Ratings By StockNews

by Mike Robinson

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© Reuters. 4 Software Stocks Recommendated Strong Buy in the POWR Ratings

Rising demand for cloud-based software solutions across several industries that are seeking to provide efficient services to their customers and to facilitate the continuation of remote working should keep driving the software industry’s growth. We believe fundamentally sound stocks of software include Enghouse Systems (EGHSF), Commvault Software (CVLT) and Commvault (CVLT). American Software (NASDAQ:) and eGain(NASDAQ:) are solid investments now. So, let’s take a closer look at these names.The demand for efficient data analysis, customer services, and workflow management should keep driving the demand for cloud-based software services worldwide. Huge corporate spending on digitizing operations should also boost the industry’s growth.

Due to an increase in COVID-19 related cases, companies are having to defer plans for office reopening. As a result, demand for innovative software products and solutions is continuing to grow. A growing market for advanced driver assistance systems (ADAS), AI, machine learning and artificial intelligence positions the industry for future growth. Global software sales are expected to rise at 7.4% to $825.02 million by 2026.

Commvault Systems, Inc., Enghouse Systems Limited, (EGHSF), American Software, Inc., and eGain Corporation could all be good investments now. Also, our proprietary POWR Ratings system has rated these stocks ‘Strong Buy.’

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