11 Best Publicly Traded Cloud Computing Companies

11. Centurylink Inc (NYSE:CTL)

In Centurylink Inc (NYSE:CTL), 27 funds tracked by us held $4.44 million worth of stock heading into the second quarter, slightly up from 25 funds a quarter earlier. Centurylink is a telecom company, but since 2011, it has executed a number of acquisitions to position itself as a cloud computing company. It acquired AppFrog, a PaaS provider, Tier3, an IaaS platform and cloud management company, and Cognilytics, a big data solutions provider. Nevertheless, despite its efforts to succeed in the cloud space, it’s unlikely to match big rivals like Microsoft and Amazon. In any case, the stock seems like a good investment, sporting a dividend yield of over 8%. In addition, Keith Meister of Corvex Capital pitched the stock at the recent Ira Sohn Conference, saying that it has potential upside of 50%. Corvex held nearly 30 million shares of Centurylink Inc (NYSE:CTL) at the end of March.

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