2 Cloud Stocks That Should Rain Dollars
Cloud stocks have been fantastic investments over the past couple of years. For instance, since MongoDB (NASDAQ: MDB) had its IPO in October of 2017, it has returned 330% to its investors. Another cloud company, Datadog (NASDAQ: DDOG), had its IPO last week. The market has already priced in a lot of future growth for Datadog, awarding the stock a valuation 40 times higher than the company's revenues. What will the future be like for these software-as-a-service (SaaS) titans?
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MongoDB is a database company focused on the cloud. One of its competitors, Oracle (NYSE: ORCL), has a $180 billion market cap. In comparison, MongoDB is tiny at $7.4 billion. Oracle's size shows just how much money is to be made in database software (a lot). And Oracle has dominated this business for many, many years. So that's the first question a MongoDB investor needs to think about: How can our company compete against Oracle?
Source Fool.com
