7 Internet Software Stocks With Great Charts
Zacks Investment Research | Jun 27, 2016 10:00PM ET
Internet stocks with strong earnings continue to fare better than the other sectors. The fact that they are unaffected by the overall impact of low oil prices is a major reason for this.
The sector as a whole is relatively strong, but this article will look specifically at Internet Software. The definition of software has undergone a sea change in recent times with the advent of cloud computing. So whereas earlier we would be talking about different software enabling functions, we are now mainly putting those functions in the perspective of where they stand with respect to cloud adoption and deployment.
For now, let us take a look at some Internet software stocks that are currently rated Buy by Zacks.Also, these stocks have crushed the earnings estimates quarter after quarter.
[Zacks Ranks are as follows: Zacks Rank #1 (Strong Buy), Zacks Rank #2 (Buy), Zacks Rank #3 (Hold), Zacks Rank #4 (Sell) and Zacks Rank #5 (Strong Sell)].
7 Internet Software Stocks with Great Charts
Marketo, Inc. (NASDAQ:MKTO)
Marketo Inc. provides digital marketing software and solutions. Its cloud-based software platform helps companies engage their customers using marketing automation tools.
The company has a market cap of $1.56 billion, and its sales are projected to grow 30% this year. Revenues have been growing by a massive clip each year since 2011. Two analysts have revised their quarterly earnings estimate upward over the last 60 days. No analyst has posted any negative earnings per share (EPS) estimate revision over that same time frame.
The company’s average beat for the trailing seven quarters is 15.24%. The current growth estimate for this year calls for EPS growth of 30.33%. Furthermore, the long-term growth rate is currently an impressive 20.9%.
Zacks Rank #2
Last EPS Surprise 8.89%
MARKETO INC Price and EPS Surprise
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