3 Top Cloud Computing Stocks to Buy in June
Earlier this year, Okta (NASDAQ: OKTA), a cloud identity-management company, released its annual Businesses @ Work report highlighting the trends in cloud applications across its huge customer base. These companies are continuing to adopt cloud software at a rapid pace, it said, and on average, enterprises use 88 different cloud services; 10% of them use over 200. With such a huge number of cloud-based tools being used, how can an investor pick the winners?
It turns out that focusing on three companies that help make today's cloud software possible -- Okta, MongoDB (NASDAQ: MDB), and Amazon.com (NASDAQ: AMZN) -- is a great way to play this growing trend. Let's look at what these three bring to the table, why they have tremendous long-term potential, and how tech investors should think about becoming shareholders in these exceptional cloud computing enablers.
As the use of cloud-based software accelerated in corporate environments, information technology organizations began to lose centralized control of their network security. To make matters worse, the trend of using remote contractors to get work done further reduced the effectiveness of a company's data center firewall.
Source Fool.com
