3 High-Growth Software Stocks That Are Actually Cheap
"Software is eating the world," said noted venture capitalist Marc Andreessen back in 2011. Judging by the booming revenue growth and stock market appreciation of many software stocks over the past decade, he was most certainly right. That's why, after a decade of cloud and software disruption, many software winners now trade at very lofty valuations, often 20 times sales or more.
However, some quality software stocks can be had for much less, even though they have attractive products and outlooks. How? Well, several older software players are currently going through business model changes. Some are switching from perpetual licenses to annual subscriptions, or transitioning to a cloud-based model.
These transitions can affect headline revenues, even if the underlying business is strong -- and that can lead to opportunity for investors. Here are three high-quality software stocks to be had on the cheap today.
Source Fool.com
