After a furious bidding war among five developers, TERC settled on the Boston educational media studio FableVision. In the bargain, TERC also got the services of the non-profit Learning Games Network, as well as Hancock and Osterweil, the game's original co-creators, who were part of FableVision's bid.
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICAINDUSTRY KEYWORD: TV AND RADIO TECHNOLOGY PHILANTHROPY FOUNDATION ELECTRONIC GAMES CELEBRITY CASINO/GAMING ENTERTAINMENT ONLINE MOBILE ENTERTAINMENT SOFTWARE INTERNET
SOURCE: ZyngaCopyright Business Wire 2019.PUB: 09/16/2019 09:00 AM/DISC: 09/16/2019 09:01 AM
For tech investors surveying the stock market today, enterprise software stocks would be a notable sector. If anything, this sub-division of the broader tech industry today continues to grow both in relevance and overall scale. This would be thanks to the overall increase in enterprise spending on this front. Simply put, after the coronavirus pandemic hit last year, countless companies underwent digital acceleration. Because of this, enterprise software service providers saw massive upticks in demand for their Software-as-a-Service (SaaS) offerings.As a result, some of the top enterprise software stocks surged in value and popularity. Sure, this would serve to bump up their financials, especially when compared to year-ago levels now. However, the real question now is whether the industry has more room to grow. For the most part, companies that have invested in their digital infrastructure would likely continue their subscriptions. After all, the enterprise SaaS space offers businesses a competitive edge in our increasingly digital world.
Take CrowdStrike (NASDAQ: CRWD) for example. Through its industry-leading cybersecurity services, the company’s top-line continues to show immense growth. Just last week, it posted total revenue of $337.69 million in its second fiscal quarter, marking a huge 69% year-over-year jump. Additionally, it also ended the quarter with over $1.79 billion in cash on hand, a 67% year-over-year increase. At the same time, cloud companies like Oracle (NYSE: ORCL) continue to thrive as well. As of last month, Oracle expanded its partnership network with Vertex (NASDAQ: VERX), a global provider of indirect tax tech solutions. Having read all of this, you might be keen on the industry yourself. In that case, here are three top enterprise software stocks to know in the stock market now.
Adobe Inc. (NASDAQ: ADBE)Zscaler Inc. (NASDAQ: ZS)Workday Inc. (NASDAQ: WDAY)Zscaler, Inc. (ZS): Free Stock Analysis Report
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Since hitting its peak closing price of $568.34 on Oct. 19, 2020, shares have fallen more than 40% as investors worry about results looking less impressive when compared with those pandemic peaks. Sentiment seemed to change a bit this week, however, with shares gaining 1.2% for the week after falling 5.2% and 7.4% respectively in the previous two weeks.Morgan Stanley analyst Meta Marshall upgraded Zoom to overweight from equal-weight on Thursday and hiked her price target to $400 from $360, with the expectation that a 5% or greater revenue beat from the company “would cause a positive reaction for the stock.” Marshall also sees Zoom’s plan to buy Five9 Inc.