A little over a year ago, we highlighted our top software stocks in two articles. Our outlook for US stocks calls for increasing volatility as this aging bull market continues to wind down; against this backdrop, we review our favorite software stocks to identify the best buys in the event of a market pullback.
This leading textbook company continues to expand its margins and grow its recurring revenue by transitioning to digital content and leveraging its existing intellectual properties to penetrate the consumer market.
Our software picks from last summer have delivered solid gains, easily outperforming the S&P 500 and topping the Russell 2000 Computer Service & Software Index. Here’s our assessment of these companies’ quarterly results and their future growth prospects.
Earlier this summer, we highlighted a two-pronged strategy to profit from the software industry’s transition to a subscription-based model that improves revenue stability and better serves customers. Our approach has paid out thus far, with our picks outperforming their benchmark index; here are our updated takes on these names.
DISCLAIMER: Capitalist Times, LLC is a publisher of financial news and opinions and NOT a securities broker/dealer or an investment advisor. You are responsible for your own investment decisions. All information contained in our newsletters or on our website(s) should be independently verified with the companies mentioned, and readers should always conduct their own research and due diligence and consider obtaining professional advice before making any investment decision. As a condition to accessing Capitalist Times materials and websites, you agree to our Terms and Conditions of Use, available here including without limitation all disclaimers of warranties and limitations on liability contained therein. Owners, employees and writers may hold positions in the securities that are discussed in our newsletters or on our website.