Take a look at these 5 Tech companies that have done very well in the past year, even as the market has been moving sideways. They are well positioned to take further advantage of the opportunities that are provided as the world becomes more and more dependent on the internet and cloud computing. The stocks of all these companies have risen substantially over the last year, however, in many ways they still have great potential over the long term.
1. PTC Inc (NASDAQ:PTC) formally known as Parametric Technology Corporation (changed in 2013) is headquartered in Needham, Massachusetts. Started in 1985, PTC Inc. develops and delivers software products and solutions worldwide. It operates through thee business groups: IoT Group, Solutions Group, and Professional Services Group. Its main product offering is ThingWorx, which is a platform to develop and deploy industrial Internet of Things (IoT) applications and augmented reality experiences, and KEPServerEX solution to provide communications connectivity for industrial automation environments to connect, manage, monitor, and control disparate devices and software application. PTC also offers a variety of software solutions including those to share 3D design information, and other software solutions to allow manufacturers to create, illustrate, manage, and publish technical parts information, as well as consulting, implementation, training and support services. Their market cap is 11.42 Billion, annual revenue is 1.16 Billion and they have approximately 6000 employees. While the price of PTC, Inc has doubled over the last year, the market for the IoT is still wide open and has huge potential into the future.
PTC Daily Chart:
2. Salesforce.com, Inc. (NYSE:CRM) is headquartered in San Francisco, CA. They started in 1999 and develop enterprise computer solutions to help clients focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as customer contact solutions to deliver quotes, contracts, and invoices. Also offered by the company are customer services solutions under the product Service Cloud to help clients with customer service and customer support solutions, including scheduling, trading and managing jobs in real-time. In addition to these products, they offer Marketing Cloud, Commerce Cloud, and Community Cloud allowing companies a suite of products to better manage and analyze all customer interactions. Their market cap is 110 Billion with annual revenue of 10.48 Billion and employ approximately 30,149 employees. While the price of CRM has grown over 50% in the last year, in the age of Data, selling to and retaining good customers is critical to both online and traditional business, making CRM applications more critical for the future.
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3. Adobe Systems Incorporated (NASDAQ:ADBE), commonly known as Adobe is an American multinational computer Software Company. (ADBE) Adobe Systems Incorporated is headquartered in San Jose, CA and was founded in December 1982. Adobe is a worldwide provider of software solutions for individuals, small and medium sized business, and large enterprises to create, publish, promote, and monetize their digital content. Their flagship product is named Creative Cloud. Customers include content providers, Web application developers, digital media professionals, marketing departments of all sizes, or just about any business or enterprise that does any publishing or video online. Also, all digital marketers, advertisers, publishers, and merchandisers, internet web analysts. Products are marketed and licensed to enterprise customers directly and through a network of distributers, as well as individuals through online app stores. With approximately 18,000 employees and a market cap of 124 Billion, their annual revenue in 2017 was 7.3 Billion. Adobe is uniquely situated as the worldwide leader in everything published online and the world in only becoming more dependent on high quality online publishing solutions.
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4. F5 Networks, Inc. (NASDAQ:FFIV) formerly known as F5 labs, is a multinational, American- based company headquartered in Seattle, WA. Started in February 1996, F5 Networks is a software infrastructure company that specializes in application delivery networking technology for the delivery of web applications, including the security, performance and availability of servers, data storage management and other network and cloud resources. Products include web-based firewall security, network load balancing and acceleration and global enterprise network management applications. With a market cap of 10.8 Billion and approximately 4,200 employees, F5 Networks brought in approximately 2 billion in annual revenue in 2017. As the world becomes more dependent on large scale cloud-based networks, F5 Networks is well situated for growth.
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5. NetApp Inc, (NASDAQ:NTAP) is an American Network Technology company with Headquarters in Sunnyvale, CA founded in 1992. NetApp, Inc. provides software solutions, hardware systems, and services to manage and share data on location, or on private or public network clouds worldwide. Offering Cloud data storage, and data management including, enterprise cloud data synchronization and data backup services. NetApp also provides software and hardware maintenance, education, and training services as well as enterprise support solutions. Products offered include ONTAP storage operation system, ONTAP storage systems, SNAPCenter backup management software and SNAPlock, data compliance software. With approximately 10,300 employees and a market cap of 21.5 Billion, their annual revenue in 2018 is 5.9 Billion. Their stock price has doubled in the last year and as more and more networks and things are connected to internet cloud networks, NetApp is well positioned to take advantage of this growth into the future.
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