3 Internet Software Stocks to Buy From a Prospering Industry
Portfolio Pulse from
The Zacks Internet software industry highlights FTNT, ZM, and TWLO as benefiting from the high demand for SaaS, driven by the need for hybrid working, learning, diagnosis software, and cybersecurity applications.
December 10, 2024 | 3:30 pm
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POSITIVE IMPACT
Fortinet (FTNT) is benefiting from increased demand for cybersecurity applications, driven by the rise in hybrid working and learning environments.
FTNT is directly involved in cybersecurity, a key area of growth due to the shift towards hybrid work and learning, which increases demand for their products.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Twilio (TWLO) benefits from the demand for SaaS solutions, particularly in communication and diagnosis software.
TWLO's involvement in communication software aligns with the increased demand for SaaS solutions, supporting its growth prospects.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Zoom Video Communications (ZM) is experiencing growth due to the ongoing demand for hybrid working and learning solutions.
ZM is a key player in hybrid work solutions, and the sustained demand for such services is likely to positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80