The Zacks Analyst Blog Highlights: Pivotal Software, Verizon Communications, Dell Technologies, Microsoft and Adobe

Chicago, IL – October 29, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Pivotal Software, Inc. PVTL, Verizon Communications Inc. VZ, Dell Technologies Inc. DELL, Microsoft MSFT and Adobe Inc. ADBE.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Here are highlights from Monday’s Analyst Blog: ” data-reactid=”20″>Here are highlights from Monday’s Analyst Blog:

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="5 Stocks to Make to Most of the Cloud-Computing Boom” data-reactid=”21″>5 Stocks to Make to Most of the Cloud-Computing Boom

Cloud computing has been gaining ground rapidly of late on features that reduce cost and make optimum utilization of resources. In fact, the trend is evident from recent survey reports of International Data Corporation (IDC) and Gartner.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Why Cloud Stocks are a Buy?” data-reactid=”23″>Why Cloud Stocks are a Buy?

Cloud computing has been playing a crucial role in minimizing capital expenditure. With the help of public cloud resources, small and medium size enterprises are setting up infrastructure on-premises or in private cloud through the deployment of hybrid cloud. This hybrid cloud service reduces costs while making applications portable across cloud.

Moreover, cloud computing provides security, reliability, and optimum utilization of resources, which has persuaded small and medium-sized enterprises and large-scale organizations to adopt cloud computing.

Per IDC’s recent study, “public cloud spending is expected to grow from $229 billion in 2019 to nearly $500 billion in 2023 at a CAGR of 22.3%.” This digital transformation primarily in areas of Customer Relationship Management (CRM) and Enterprise Resource Management (ERM) are driving demand for public cloud spending.

Per a Gartner survey report, “more than a third of organizations see cloud investments as a top three investing priority, which is impacting market offerings.” Thereby, a boost in the cloud market can be easily projected.

Per a Market Reports Worlds report, “the demand for cloud computing is expected to rise which will lead to the expansion of the global cloud computing market at a CAGR of over 16%” during the 2019 and 2023 forecasted period.

Meanwhile, in the third quarter, software giant like Microsoft has reported better-than-expected results primarily driven by Azure cloud services. Notably, the Azure cloud services generated revenues of $11.6 billion in the reported quarter. In fact, Microsoft recently won a contract worth $10 billion from Pentagon for cloud computing services edging out Amazon. The Joint Enterprise Defense Infrastructure (JEDI) is aimed at bolstering the U.S. military technology. This not only gives a boost to Microsoft’s Azure but also the entire cloud services industry to innovate in order to meet rising demand.

Companies like Alphabet, Amazon.com’s AWS and other private players are also catching up eventually boosting growth in cloud computing space. However, cloud companies have been facing a host of controversies when it comes to government sectors. Nevertheless, cloud’s potential to innovate and continuously improve operations has been persuading government enterprises to embrace cloud computing.

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Given the aforesaid positives, investors can take a look at our top five cloud stock picks that hold promise. These stocks flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy).

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Pivotal Software, Inc.is a publicly traded company that provides platform-as-a-service solutions to automotive, financial services, industrial, insurance, media, retail, technology and telecommunications sectors. The company’s expected earnings growth rate for the current quarter is 40% against the industry’s decline of 40.2%.” data-reactid=”33″>Pivotal Software, Inc.is a publicly traded company that provides platform-as-a-service solutions to automotive, financial services, industrial, insurance, media, retail, technology and telecommunications sectors. The company’s expected earnings growth rate for the current quarter is 40% against the industry’s decline of 40.2%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Zacks Consensus Estimate for current-year earnings has improved 13.3% over the past 60 days. Pivotal flaunts a Zacks Rank #1. You can see&nbsp;the complete list of today’s Zacks #1 Rank stocks here.” data-reactid=”34″>The Zacks Consensus Estimate for current-year earnings has improved 13.3% over the past 60 days. Pivotal flaunts a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Verizon Communications Inc.is a publicly traded communication services company that offers cloud services through the Verizon Cloud. It offers users secure cloud storage and provides automatic back up and synching facility. The company’s expected earnings growth rate for the current year is 2.1%. The Zacks Consensus Estimate for current-year earnings has improved 1.3% over the past 90 days. Verizon carries a Zacks Rank #2.” data-reactid=”35″>Verizon Communications Inc.is a publicly traded communication services company that offers cloud services through the Verizon Cloud. It offers users secure cloud storage and provides automatic back up and synching facility. The company’s expected earnings growth rate for the current year is 2.1%. The Zacks Consensus Estimate for current-year earnings has improved 1.3% over the past 90 days. Verizon carries a Zacks Rank #2.