5 Best Cloud Computing Stocks to Invest In

In this article, we are going to list the 5 best cloud computing stocks to invest in. To read our detailed analysis of the cloud computing trends and outlook in 2021, please go to the 14 Best Cloud Computing Stocks to Invest In.

5. Netflix, Inc. (NASDAQ:NFLX)

No of HFs: 116

Total Value of HF holdings: $15.6 Billion

Video streaming Netflix, Inc ranks 5th in our list of the 14 best cloud computing stocks to invest in. NFLX is engaged in streaming entertainment services that started with DVD and Blu-Ray rental services and later dropped the discs for online streaming. During the coronavirus pandemic, the company raised its user database to 200 million, up 25% from 2019. The US makes up the largest of its global subscribers database, with over 73 million users.

The company’s total net income in 2020 came in at $2.76 billion, with the company’s annual revenue of $25 billion. Shares of NFLX jumped 49% over the last twelve months. In March 2021, Analyst Piper Sandler reiterated the stock to Overweight, resulting in an increase of 1.8% in NFLX.

Miller Value Partners mentioned the stock in its Q4 2020 investor letter:

“Lastly, we added a small position to Netflix after the disappointment following 3Q results. Overall, it’s getting more difficult to find investment opportunities in the very high growth areas that meet our standards for attractive value. On the other hand, we continue to find opportunities in more value-oriented areas of the market. We would expect the portfolio to migrate in this direction.”