Are these the best shares of software to watch next week? 4 names you need to know

As we close the first week of February, software stocks continue to dominate the market. It is not possible that this is because we are in a software revolution. Obviously, this was accelerated by the coronavirus epidemic. As corporations rush into digital chaos, we have seen tremendous growth across the industry. Undoubtedly, this is due to the increase in corporate spending on digital infrastructure. But you may be wondering if there is still room for the best software stocks in the stock market today this year.

According to current estimates, this may be the case. In fact, Gartner (NYSE: IT) predicts that the software will be “The fastest growing major market this year.The research company estimates that global spending on enterprise projects will reach $ 556 billion by 2021. In addition, Gartner notes that the adoption of software (SaaS) programs is likely to boost growth. Some of the best stocks of software now include ServiceNow (NYSE: NOW) և Zendesk (NYSE: ZEN) likes. Amazingly, since the epidemic hit, the two have more than doubled in stock prices. As you would expect, they are the key players in providing digital services to companies in an epidemic.

By and large, even with high forecasts and an epidemic, investors would be looking for plans to acquire programs. To help with this, here is a list of four software companies that help businesses improve their customer experience.

Software software best stocks to watch

  1. Digital Turbine Inc. (NASDAQ: APPS)
  2. AudioEye Inc. (NASDAQ: AEYE)
  3. Twilio Inc. (NYSE: TWLO)
  4. Medallia Inc. (NYSE: MDLA)

Digital Turbine Inc.

Digital Turbine is a content delivery software company. Its own media platform facilitates a smooth, relevant digital content experience for Internet users. In general, this helps customers achieve customer acquisition, engagement, operational efficiency, and better content monetization. Naturally, you expect the demand for its services to increase as businesses try to improve their online customer experience. Well, APPS shares have exceeded 1,100% over the past year. Yesterday, thanks to the stellar report of the third day quarter, it also increased by more than 20% during yesterday’s trading.

It is impressive that Digital Turbine recorded an annual growth of 146% of total revenues, marking the next quarter with record revenues. It increased to $ 88.6 million for the quarter. Moreover, the company also registered a 278% increase in profit per share per year. The digital turbine cites a strong demand for its mainstream media և content media services as major investors in these results.

Best Software Shares (APPS Fund)Source: TD Ameritrade TOS

Moving forward, CEO Bill Stone said:We believe we are still in the early stages of our growth history in the digital turbine as we continue to pursue our core diversification strategies, seeking to make better use of our global distribution trail with both existing and newly developed products and services.Has all this persuaded you to consider the APPS shares in your portfolio?

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AudioEye Inc.

Another software company that is currently in the spotlight will be AudioEye. The company operates through its industry-leading digital access platform և serves organizations of all sizes. In short, the AudioEye platform comes with tools that make websites accessible to as many audiences as possible. In addition, the company also offers a monthly paid program that includes legal, educational and technical support services. This is possible because businesses are trying to reach the widest audience in the current digital age.

Shares of AEYE rose more than 1,000% after trading in March, closing at a new all-time high yesterday. Investors seem to be interested in AEYE shares because of its latest announcement on Tuesday.

Best Software Shares (AEYE Fund)Source: TD Ameritrade TOS

AudioEye has unveiled the next generation of its flagship platform. The new platform now provides advanced artificial intelligence (AI) features supported by certified experts. Ad’s true, the company mentioned that over the past year it has been creating for this upgrade of its services. At that time, he made significant investments in his technology team. AudioEye also brought leaders from Facebook (NASDAQ: FB) and BigCommerce (NASDAQ: BIGC). Could this integration of deep industry և artificial intelligence mean a major breakthrough for AEYE shares? You tell me.

Twilio Inc.

Then we turn to the Twilio cloud communications company. Through its web services, software developers can perform a wide range of communication functions. In essence, the company provides effective means for companies to communicate with their customers. It meets the communication needs of companies in many industries. To name a few, its clients include Shopify (NYSE: SHOP), Dell (NYSE: DELL) and Airbnb (NASDAQ: ABNB) to name a few. With such impressive customers, it is not surprising that the value of TWLO shares has more than tripled in the last year. It is noteworthy that it reached a record high during yesterday’s closing call, when news of his latest collaboration appeared.

Twilio will work closely with Virginia-based software company Terazo to develop COVID vaccine distribution and delivery solutions. The duo will mainly set up a COVID call center, which will be run by Twilio services. Ideally, the call center will play an important role in assisting health care systems with the availability of vaccines. As Twilio plays a role in helping vaccination efforts, both the government and companies will heed its suggestions.

Best Software Shares (TWLO Fund)Source: TD Ameritrade TOS

Moreover, this step serves to demonstrate the viability of Twilio services, regardless of the industry. As companies continue to turn to Twilio for its best-in-class communication solutions, TWLO shares can continue to soar. Will you agree?

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Medallia Inc.

Last but not least, we have a customer experience company, Medalia. The company’s core business revolves around its award-winning SaaS platform, the Medallia Experience Cloud (MEC). In essence, the MEC utilizes user experience interaction և uses AI technology to uncover predictive insights. These ideas are then used by companies to make profitable business operations. Like our other posts, Medallia’s services help companies optimize customer relationships. As expected, this brought MDLA shares into the spotlight. With the company raising more than 160% since the beginning of April, you may be wondering if it still has room to grow.

In the last financial quarter published in November, Medallia reported sound figures. Total revenue was $ 121 million; the quarter ended with $ 497 million in cash. In addition, the company added a record number of new customers in the quarter. This week, Medalia announced two new clients from unique industries. It was first acquired by Aimbridge Hospitality, a multinational hotel management company, on February 1.

Buy software securities now (MDLA fund)Source: TD Ameritrade TOS

Medallia will provide customer experience support to Ambridge properties in North America. Then, on Wednesday, Medalia unveiled a new partnership with Europe’s largest energy network operator, E.ON. It is safe to say that Medal fired at all the cylinders. Do you think MDLA shares will follow suit?

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