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4 data stocks on NYSE to invest in 2021: An Investor Telegraph Exclusive

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Big data stocks that will win are those that can use data best. Collecting more data is important, but organizing it is also incredibly valuable. Therefore, the firms with the best data scientists stand to benefit the most.

We bring you four such stocks that hold much promise in 2021. An Investor Telegraph exclusive.

1.Cloudflare, Inc. (NYSE: NET)

This is an American web infrastructure and website security company, providing content delivery network services, Internet security, and distributed domain name server services.

The stock of the company rose 345.4% in 2020. Sales rose 54% year over year in November’s third-quarter update and the company edged closer to break-even bottom-line profits.

Network security and performance tools were pushed to the center stage when the coronavirus lockdowns arrived in the spring, forcing millions of people to work from home and find entertainment online.

Cloudflare also continues to roll out new disruptive services at the same free-to-use tier for users who are just getting started. Its latest offering is Cloudflare Pages, a tool that allows them to build websites embedded with all of the company’s basic security features. The stock presently trades at $ 75.

2.Alteryx (NYSE: AYX)

In an up-and-down year, shares of data analytics specialist Alteryx finished up 22%.

The company faced a number of challenges during the year, including the coronavirus pandemic, a sharp slowdown in revenue growth related to the pandemic, and the surprise departure of CEO and founder Dean Stoecker. Despite those challenges, the stock still benefited from a rising tide in tech stocks and a jump out of the gate at the beginning of the year to finish with solid gains.

Alteryx came into the year with a top-notch track record, having gained more than 500% since its 2017 IPO, making it one of a number of cloud stocks that have put up impressive gains in recent years.

The stock is further set to be on a roll after the company announced a new partnership with Snowflake, the cloud-based data processing platform that is one of the fastest-growing cloud stocks on the market. At a price of below $ 130, it is a potential winner

3. Workiva Inc. (NYSE: WK)

Workiva, Inc. is a global SaaS company.  It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance. The company was named for the second consecutive year as one of the top 100 fortune companies to work for in 2020.

It announced recently that it plans to release its fourth quarter and fiscal year 2020 financial results on Wednesday, Feb. 17, 2021, after the market closes.

Workiva presents investors a long-term opportunity to share in the growth of cloud-connected regulatory reporting and compliance. The company presents a compelling growth story with complementary add-ons to its existing product, which has penetrated 75% of the Fortune 500.

Trading at below $ 100, its stock is worth a buy

4. Cloudera (NYSE: CLDR)

California-based Cloudera offers enterprise software for cloud platforms that can be used for data management and analytics. In early December, it released Q3 nearly $ 220 million, an increase of 10%.

Non-GAAP net income was $47.7 million, compared to the non-GAAP net loss of $7.9 million last year. Further, non-GAAP net income per share came in at 15 cents.

A year ago, it had been a non-GAAP net loss of 3 cents per share. Cash and equivalents stood at $567.5 million.

Cloudera’s top and bottom lines continued to grow. The company posted a 600% year-over-year growth in adjusted earnings per share to 15 cents, which beat the consensus analyst expectation of 9 cents.

The company remains unprofitable on a trailing 12-month basis. However, given its current growth trajectory, it appears to be on course to break even by the end of fiscal 2021. The stock is presently trading at $ 15 and is worth investing in.

 

 

 

 

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