Stock Groups

Which Big Data Stock is a Better Buy? By StockNews

by Mike Robinson

[ad_1]

© Reuters. International Business Machines and Alteryx: Which Big-Data Stock is Better to Buy?

Over the last year, big data and business analysis have gained momentum with global digitization and automation. Our view is that big data companies International Business Machines NYSE: and Alteryx NYSE: are well-positioned for the industry’s tailwinds. Which stock is better to buy right now? Read more to find out.International Business Machines Corporation ( IBM ), in Armonk, New York, provides integrated solutions and services worldwide. The company operates through five segments: Cloud & Cognitive Software; Global Business Services; Global Technology Services; Systems; and Global Financing. Alteryx, Inc., Irvine, Calif., is a comparable company that provides an all-inclusive analytics platform to data scientists and data analysts worldwide. It also provides cloud-based collaboration that allows users share their workflows from a central repository.

Over the last few years, large-scale intelligence services and analytics have seen a strong growth. Global big data is expected to grow at 10.2% annually, reaching $234.6 Billion by 2026. The US big data market is projected to reach $50.1 billion in this year. The industry’s robust growth prospects should drive IBM and AYX’s performance in the coming months.

The stock of IBM has seen a 3.1% increase in its price, while AYX’s has fallen 17.7%. Also, IBM’s 7% gains year-to-date compare with AYX’s 42.6% slump. And in terms of their past year’s performance, IBM is the clear winner with 11.7% gains versus AYX’s 36.8% slump.

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.

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]