Swift Headline
Latest News and Updates

Top Stock Picks for Week of November 1, 2021

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media.

This story originally appeared on Zacks

Cadence Design Systems Inc. CDNS offers products and tools that help customers to design electronic products.Cadence’s Q3 performance reflected strength across segments like digital & signoff solutions and functional verification suite. Cadence posted third-quarter 2021 non-GAAP earnings which topped the Zacks Consensus Estimate. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The company is also gaining from higher investments in emerging trends like Internet of Things (IoT) and autonomous vehicle sub-systems along with strength in the semiconductor end-market. We believe that increasing spending by enterprises on emerging categories like IoT and AR/VR presents significant growth opportunity for Cadence. Frequent product launches are expected to help the company sustain top-line growth. The company raised 2021 revenue guidance on strong performance in the third quarter. A strong cash balance can help the company pursue strategic acquisitions and other investments in growth initiatives. 

– Zacks

Salesforce.com CRM is the leading provider of on-demand Customer Relationship Management (CRM) software. Salesforce was part of the vanguard of modern business software. The company’s various subscription-based offerings are now essential to thousands of customers in the digital-driven world. Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. Salesforce’s sustained focus on introducing more aligned products as per customer needs is driving its top-line. Investments in start-ups have always been one of the key growth strategies of Salesforce. Over the past few years, Salesforce has invested in several start-ups, be it through acquisitions or partnerships. Furthermore, the recent acquisition of Slack would position the company to be a leader in enterprise team collaboration solution space and better compete with Microsoft’s Teams product. Salesforce is a cash rich company with a strong balance sheet.   

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
salesforce.com, inc. (CRM): Free Stock Analysis Report
 
Cadence Design Systems, Inc. (CDNS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Read original article here

Denial of responsibility! Swiftheadline is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – admin@swiftheadline.com. The content will be deleted within 24 hours.

Facebook Notice for EU! You need to login to view and post FB Comments!

Leave a comment