Invest in 5 Internet Software Stocks to Enhance Your Portfolio

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The Internet Software and Services space is gathering momentum owing to robust IT spending on solutions that support hybrid operating environments. The level of technology adoption by businesses and ...

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The level of technology adoption by businesses and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/invest-5-internet-software-stocks-122000955.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Invest in 5 Internet Software Stocks to Enhance Your Portfolio</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvest in 5 Internet Software Stocks to Enhance Your Portfolio\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-01 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/invest-5-internet-software-stocks-122000955.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Internet Software and Services space is gathering momentum owing to robust IT spending on solutions that support hybrid operating environments. The level of technology adoption by businesses and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/invest-5-internet-software-stocks-122000955.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861558580.USD","symbol_name":"日兴方舟颠覆性创新基金B","start_time":0,"source_url":"https://finance.yahoo.com/news/invest-5-internet-software-stocks-122000955.html","article_id":"2432034765","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/tDSex2eXNjL2X16tOrv62w--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/d10d4428c213ff155c9fa3853df90e24"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432034765","pubTimestamp":1714566000,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Internet Software and Services space is gathering momentum owing to robust IT spending on solutions that support hybrid operating environments. The level of technology adoption by businesses and the proliferation of connected consumer devices, which might help people connect and do business online, is also accelerating the industry’s growth. Outstanding penetration of mobile devices among users, makes sense for businesses to invest heavily in web-based infrastructure, applications, and security software.Within the technology sector, the Zacks Defined Internet-Software Industry is currently placed in the top 26% of all industries with a year-to-date return of 9.5%. In the past year, the industry has returned a massive 54%.The Internet software industry is benefiting from continued demand for a global digital transformation. Growth prospects are alluring primarily due to the rapid adoption of Software as a Service , which offers flexible and cost-effective delivery of applications.Sa","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4551":"寇图资本持仓","LU1548497426.USD":"安联环球人工智能AT Acc","PINS":"Pinterest, Inc.","BK4504":"桥水持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","TWLO":"Twilio Inc","BK4548":"巴美列捷福持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4528":"SaaS概念","BK4106":"数据处理与外包服务","VEEV":"Veeva Systems Inc.","BK4554":"元宇宙及AR概念","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU0289739699.SGD":"AB INTERNATIONAL HEALTH CARE PORTFOLIO \"A\" (SGD) ACC","TOST":"Toast, Inc.","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","BK4576":"AR","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","BK4227":"交易和支付处理服务","LU0058720904.USD":"联博国际健康护理基金A","BK4508":"社交媒体","BK4167":"医疗保健技术","BK4077":"互动媒体与服务","BK4116":"互联网服务与基础架构","SNAP":"Snap Inc","BK4588":"碎股","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD"},"translate_title":"投资5只互联网软件股票来增强你的投资组合","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VEEV":1,"TWLO":1,"TOST":1,"PINS":1,"SNAP":0.9},"content_text":"The Internet Software and Services space is gathering momentum owing to robust IT spending on solutions that support hybrid operating environments. The level of technology adoption by businesses and the proliferation of connected consumer devices, which might help people connect and do business online, is also accelerating the industry’s growth. Outstanding penetration of mobile devices among users, makes sense for businesses to invest heavily in web-based infrastructure, applications, and security software.\nWithin the technology sector, the Zacks Defined Internet-Software Industry is currently placed in the top 26% of all industries with a year-to-date return of 9.5%. In the past year, the industry has returned a massive 54%.\nThe Internet software industry is benefiting from continued demand for a global digital transformation. Growth prospects are alluring primarily due to the rapid adoption of Software as a Service (SaaS), which offers flexible and cost-effective delivery of applications.\nSaaS attempts to deliver applications to any user, anywhere, anytime and on any device. It has been effective in addressing customer expectations of seamless communications across multiple channels, including voice, chat, email, web, social media and mobile.\nThe growing need to secure cloud platforms amid rampant incidences of cyber-attacks and hacking is driving demand for web-based cybersecurity software. As enterprises continue to move their on-premise workload to cloud environments, application and infrastructure monitoring is gaining importance. This is increasing demand for web-based performance management monitoring tools.\nMoreover, the pay-as-you-go model helps Internet software providers scale their offerings per the needs of different users. The subscription-based business model ensures recurring revenues for the industry participants.\nAt this stage, it will be prudent to invest in Internet software stocks with a favorable Zacks Rank to strengthen one’s portfolio.\nOur Top Picks\nWe have narrowed our search to five Internet software stocks with strong potential for 2024. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe chart below shows the price performance of our five picks in the past month.\nImage Source: Zacks Investment Research\nPinterest Inc. PINS is taking various initiatives to bring more actionable content on the platform from a wide range of sources such as users, creators, publishers and retailers. This has resulted in a solid improvement in engagement metrics like sessions, impressions and saves across all regions.\nA strong liquidity position will enable PINS to make further investments in product development and acquisitions in the future. PINS’ collaboration with Amazon will increase shoppability on the platform. Healthy traction in emerging verticals like men’s fashion, health and travel are tailwinds. Rising engagement among Gen Z users is a positive for PINS.\nZacks Rank #1 Pinterest has an expected revenue and earnings growth rate of 17.4% and 22.9%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.8% over the last 60 days.\nVeeva Systems Inc.’s VEEV continued focus on research and development and a strong product portfolio buoy optimism. VEEV has also been witnessing robust customer adoption of its products, which is encouraging.\nVEEV has inked a few strategic alliances over the past few months. A strong liquidity position is an added plus. We expect total revenues and adjusted earnings per share are likely to witness a CAGR of 12.8% and 11.7% between fiscal 2023 and fiscal 2026, respectively.\nZacks Rank #1 Veeva Systems has an expected revenue and earnings growth rate of 15.6% and 26.9%, respectively, for the current year (ending January 2025). The Zacks Consensus Estimate for current-year earnings has improved 11% over the last 60 days.\nTwilio Inc. TWLO is benefiting from accelerated digital transformations amid a growing hybrid working trend. TWLO’s selective acquisitions and strategic investments in businesses and technologies are enhancing its product portfolio and fortifying its global presence.\nTWLO is not only gaining traction from a solid expansion of its existing clientele but also first-time deals with new customers due to its firm focus on introducing products and go-to-market sales strategy. TWLO’s ongoing cost-saving initiatives are driving profits and margins, which is praiseworthy.\nZacks Rank #2 Twilio has an expected revenue and earnings growth rate of 5.2% and 10.6%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the last 30 days.\nToast Inc. TOST operates a cloud-based digital technology platform for the restaurant industry in the United States and Ireland. TOST offers Toast POS, a software module that integrates payment processing with point-of-sale functionality, Toast Invoicing, which allows restaurants to send invoices and collect payment, Toast Mobile Order & Pay, Kitchen Display System software that connects the house with the kitchen staff, and Multi-Location Management.\nTOST also provides Toast Flex, hardware for on-counter order and pay, Toast Go, an integrated handheld POS device, Toast Tap, a card reader for accepting EMV-contactless payments, Toast Online Ordering & Toast TakeOut, First-Party Delivery, POS integration for restaurants using third-party delivery services to order intake and eliminate the need for extra third-party tablets, and loyalty, email marketing, and Toast Gift Cards services.\nZacks Rank #2 Toast has an expected revenue and earnings growth rate of 24.6% and 53.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.3% over the last 60 days.\nSnap Inc. SNAP reported strong first-quarter 2024 results. Both earnings and revenues increased year over year. Solid daily active user growth was attributed to the steady adoption of Augmented Reality Lenses, Spotlight and AI chatbot. SNAP is benefiting from improving user engagement, particularly in the 13–34-year-old demography.\nThe Snapchat+ subscription service reached more than nine million paying subscribers in the first quarter. SNAP made considerable progress in diversifying revenues with Snapchat+ through new artificial intelligence-enabled features. Moreover, an expanding partner base, with the likes of ITV in the U.K. and Spotify in the United States, is noteworthy.\nZacks Rank #2 Snap has an expected revenue and earnings growth rate of 13.7% and 77.8%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 6.7% over the last 60 days.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nVeeva Systems Inc. (VEEV) : Free Stock Analysis Report\nTwilio Inc. (TWLO) : Free Stock Analysis Report\nSnap Inc. (SNAP) : Free Stock Analysis Report\nPinterest, Inc. (PINS) : Free Stock Analysis Report\nToast, Inc. (TOST) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432034765"}