Despite its share-price slide earlier this week, TeslaNo. (Nasdaq: TSLA) The stock has been on the tears this year. The electric vehicle maker has seen an impressive 340% impact on share prices so far, as investors flock. In tech stocks Over the last few months
If Tesla’s business isn’t your cup of tea, don’t worry. There are a lot of high growth tech stocks that can be fantastic investments in the long run. To help you find a few, we just asked three motley flower contributors for their top picks, and they came back with Mongodibi (Nasdaq: MDB), Zoom Video Communications (Nasdaq: ZM), And Square (NYSE: SQ). Read on to find out why.
Image Source: Getty Images.
Mongodib: Tesla of the database industry
Brian Withers (Mongodib): Since then gasoline fuel engines have been the primary means of generating car power FordModel-T in the early 1900s, but Tesla is changing that. It may not have been the first electric vehicle, but it has certainly created an incredibly popular lineup of cars that is disrupting the auto toe industry’s long-term love affair with an internal combustion engine. Mongodib is doing the same thing for databases.
Since the 1970s, the world’s most popular databases have moved to architecture based on rows and commons, known as the Structured Query Language (SQL) database. But Mongodib’s document (or no-SQL) database was built from the ground up to enable today’s high-performance cloud applications. Like Tesla, it is just beginning an incredible runway of development.
In its last three years, Mongodib has put an impressive compound annual growth rate of 1%. With coronavirus slower business investments, the database expert has cooled the growth by recording annual and% and% -% annual growth in its first quarter and second quarter, respectively. But the database market has grown to 97 97 billion by 2023, and Mangodib’s twelve-month revenue trail is below 0.5 percent. This barrier has plenty of room to grow along the way its main Atlas product moves forward.
Atlas is a cloud-based product of Mongodib that allows software developers to get started with a free trial for creating prototypes and testing for free. Atlas ’revenue in Q2 increased 66%, expanding to a significant 44% of the total top line with more than 18,800 customers. This cloud-based model allows the company to keep tabs on developers, provides insights on how to improve the product and gives solid leads to sales teams for customers who may be even bigger customers in the future.
Mongodib’s developer-centric platform made it one of the most popular document databases rated by DB-Engines, giving it incredible momentum to grow for years to come. With the stock taking a recent step, now would be a great time to get into the database industry’s Tesla.
Image Source: Getty Images.
Business meetings have changed forever
Danny Wayne (Zoom): I’ve been tempted to invest in a revolutionary company like Tesla, and I’m also a shareholder. That said, I think investors would be better off buying Zoom Video Communications, in which Tesla has everything to fur – and more.
The epidemic and the resulting stay-at-home order and the axis of remote work have had a profound effect on many aspects of how we live and work. Face-to-face meetings aren’t practical in the COVID-19 era, and that’s where the zoom comes in.
The company provides cloud-based video conferencing services that have become virtually indispensable for both business and personal meetings. This provided many companies with the option of “business in general” while helping to keep in touch with family and friends.
Zoom was already on the roll. For the fiscal year ended January 31, the company had revenue of 3 623 million, an increase of 88% over the previous year, and was already profitable – a discrepancy in young, fast-growing companies – with earnings per share. (EPS) $ 0.09. But consider Zoom’s track record after the coronavirus came out.
In the first quarter, Zoom reported revenue of 8 328 million year-on-year, up 169% year-over-year, while its EPS of 0.0 0.02 was the same as last year. Joint. Its customer base has reached an all-time high, with customers with more than 10 employees increasing by 354%, while those contributing more than 100 100,000 behind a 12-month income have increased by 90%.
Given that it offers free service with zoom limitations, many believed that there was no way the company could continue its adequate growth. They were wrong.
In the second quarter, earnings more than doubled, increasing over645% year-on-year to િયન 1 million, while EPS more than doubled to 63 0.63. At the same time, customers with more than 10 employees increased by 458%, while those with more than ,000 100,000 left behind contributed 112% to their 12-month revenue.
It wasn’t just new customers who filled out the company’s coffins. Zoom’s 12-month net dollar expansion rate hovered above 130% for the ninth consecutive quarter, showing that existing customers spend an average of 30% more than last year.
The breadth of the use of zoom during epidemics has made the company’s name synonymous with video conferencing and has become a verb in the process: “Let’s zoom.”
It doesn’t stop there. Zoom is expanding its services, offering a hardware-as-a-service component that will be available for both the zoom room and the zoom phone. Zoom Home is also expanding and will be available on a growing number of including smart displays AmazonNo. (Nasdaq: AMZN) Echo show and FacebookNo. (Nasdaq: FB) Portal, among others. The company’s Zoom Phone cloud-based service is expanding to 25 new countries, bringing the total to 40.
Zoom has become a household name, and given its accelerated financial results and bigger and growing opportunity, I think it has a bigger opportunity to enrich shareholders than Tesla.
Image Source: Getty Images.
E-commerce merc winner
Chris Niger (Square): There are many ways for investors to play e-commerce angles, and one big opportunity is through payment-solutions company, Square. You may have seen Square’s white payment terminals in restaurants and shops, but the company also has digital payment solutions, and its popular cash app makes exchanging money between people easier than ever.
The company’s digital solutions have become especially important right now as the Covid-19 forces people out of retail stores and rest restaurants out of rent and into their homes. The increase in e-commerce sales over the past few months has helped Square increase its net revenue by 64% in the most recent quarter. Additionally, excluding Bitcoin sales, the company’s Square Cash sales increased 140% in the quarter.
However, Square is simply not satisfied with its payment-solutions services. The company also has its own Square Capital Service, which finances industries. The service helps Square move its financial ecosystem forward as it offers something to everyone from small businesses to peer-to-peer payment customers.
Square’s share price has risen 132 percent this year, but that doesn’t mean the company won’t continue to deliver to investors. The e-commerce market, despite its recent growth, is just beginning. Retail online retail currently accounts for only 16% of all U.S. retail sales, and as the percentage continues to grow, square payment solutions are likely to expand as well.
But Square is more than just a fast-growing tech stock. The company has already proven that its business can grow during difficult economic times and at the same time the U.S. No. The tape can continue in the huge e-commerce market. And with the e-commerce market expected to reach 6 476 billion by 2024, Square has much more room to continue to leverage as consumers shift their habit to purchasing online purchases.
