With winter quickly approaching and company earning reports being released left, right and centre, the companies that have been picked out to watch for November are all technology companies, with a mixed focus on software, server technology and productivity.
Recently some huge companies such as Amazon and Apple have missed out on analyst expectations with earnings reports and as a result, the stock prices of these companies have slightly dropped. Some of the companies picked out in this article have had a different situation: results have been very strong, leaving them well-positioned for further growth into the future.
This company is very well known globally. Recently Microsoft released its Q1 2022 earnings report, the results of which were very strong, even beating expectations.
Microsoft is a very well-diversified company, unlike some companies such as Alphabet and Facebook (soon to be Meta), they are not reliant on one single revenue category such as advertising.
Microsoft is an amazing stock to hold long term, it is a well-diversified business and well-positioned to grow further. For example via growing its Azure business and even expanding its Xbox business further in the gaming industry, Microsoft can expand its market share into the digital markets.
This company may not be as well known as names such as Microsoft and Apple, but they have almost become quite essential to the whole internet. Many websites around the world use Cloudflare services to deliver their websites to users and as such Cloudflare is a popular choice for server technology.
In recent times Cloudflare has begun expanding into more and more services, recently announcing they are going to start offering an alternative to the hugely popular S3 service from AWS.
Cloudflare has positioned itself as a very important company, providing services to many of the world’s websites. There is no doubt they will continue to expand and grow and for that reason, it is a great stock to hold long term.
To many people, this company may not be as well known to potential investors, but in the software world, they are a great and fast-growing company.
Recently Atlassian released its earnings report which beat expectations strongly, leading to the stock rising around 9% after hours.
The company reported some great statistics:
Atlassian may still be a loss-making company, but that is no reason to not watch this stock. They are a quickly growing company and becoming more and more relevant over time. There is lots of space for them to continue growing and for that reason, this stock is a great long term hold.