3 Incredible Software Stocks to Watch During This Fix

Today’s video focuses on recent news, potential growth opportunities and current fundamentals of CrowdStrike Holdings ( CRWD -0.25% ), Autodesk ( ADSK -3.74% )and Varonis Systems (VRNS -2.46% ). Varonis and CrowdStrike focus on the ever-changing cybersecurity market and tackle the problem with different solutions, while Autodesk provides design software solutions. Here are some highlights from the video.

  1. CrowdStrike reported strong earnings on March 9, sending the stock price up more than 12% in one day. CrowdStrike added 1,638 new subscribed customers this quarter, representing 65% year-over-year (YoY) growth. During the video, I explain why I believe his recently launched $100 million investment vehicle can bring about substantial change going forward.
  2. For Autodesk’s last fiscal year, about 45% of total revenue came from the architecture, engineering, and construction market, which grew 19% year-over-year. Many investors might overlook the media and entertainment segment due to its small size, but this segment may provide a future catalyst for growth as it recently grew by 39% year-over-year.
  3. All three companies are showing positive operating cash flow and have posted double-digit revenue growth over the past four quarters. At the same time, each stock is down more than 30% from all-time highs.

Click the video below for my full thoughts and analysis.

*The stock prices used were market prices on March 10, 2022. The video was posted on March 10, 2022.

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