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2018-12-27 00:31
Evercore ISI analyst Kirk Materne thinks cloud software stocks should gain in a slower economy since other companies can use cloud software to cut costs and drive growth.
The analyst mentions ServiceNow ( ) and Salesforce ( ) at Outperform and Workday ( ) at In-Line.
Source: Bloomberg First Word.
The First Trust Cloud Computing ETF (NASDAQ:) is to $45.86.
Other cloud-related movers: Twilio ( ), Akamai ( ), Intuit ( ), Adobe ( ), Cisco Systems ( ), RingCentral ( ), SendGrid ( ), Okta ( ), Box ( ), Coupa Software ( ), Elastic ( ), Shopify ( ), Ceridian ( ), Zscaler ( ), Splunk ( ).