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3 Cloud Stocks To Buy Right Now

In the matter of just a few years, "the Cloud" has evolved from the new feature that your grandmother just can't quite seem to understand to one of the main factors driving growth in the computing sector. Cloud computing is now an essential focus for software-related companies, and cloud stocks have piqued the interest of many tech-focused investors.

New technology and changing consumer behavior has changed the shape of the technology landscape, and an industry that was once centered on the personal computer has adapted to survive in the world of mobile computing and the Cloud. The markets have been paying attention, and some of the best tech stocks have been those that have shown growth in their cloud operations.

With this in mind, we've highlighted three stocks that are not only showing strong cloud-related activity, but also strong fundamental metrics. Check out these three cloud stocks to buy right now:

1. Wix.com (WIX)- Zacks Rank #2 (Buy)

Wix.com is a developer of a cloud-based platform that helps users create online content. Using Wix's tools, one can relatively easily design a webpage or online portfolio. The company had about 77 million registered users at the end of 2015, and investors are gearing up for its fourth-quarter and full-year 2016 results on February 15.

In the most recent quarter, Wix.com surpassed the Zacks Consensus Estimate by a penny and moved its revenue guidance for Q4 higher. With revenue now expected to come in at $81 million, Wix is clearly still growing. It is also worth pointing out that the company recently partnered with Square (SQ) to give Wix-based online merchants a new way to accept payments.

2. Salesforce.com (CRM)- Zacks Rank #2 (Buy)

Salesforce is a leading developer of cloud-based client relationship management software services. The company breaks its enterprise-level offerings into a few categories, including the Sales Cloud, Service Cloud, and Data Cloud. Each of these offerings help its users more efficiently deal with customer information and related data.

Like many companies in this sphere, Salesforce is projected to post aggressive earnings and sales growth in the coming quarters. The company will report its results for the quarter ended in January in two weeks' time, and our current consensus estimates call for EPS growth of over 330% on sales growth of nearly 26%.

3. Attunity Ltd. (ATTU)- Zacks Rank #1 (Strong Buy)

Attunity is a provider of software solutions that enable access, management, sharing, and distribution of data across enterprise platforms and the Cloud. Simply put, Attunity customers have real-time access to a plethora of data and information whenever it's needed.

After posting a surprise profit and surpassing the Zacks Consensus Estimate by eight cents last quarter, Attunity is riding a wave of momentum that has seen its stock gain nearly 50% over the past 12 weeks. The stock also holds an "A" grade for Growth and has a projected EPS growth rate of over 40%.

Bottom Line

Cloud-based companies have been some of the best performing stocks in the tech sector this year, and these cloud stocks also boast strong fundamental metrics. If you're looking to treat your portfolio with a little gift this holiday season, these cloud stocks might be exactly what you're looking for.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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