Cloud software
Software and computing sold as an online service: business apps, data and developer platforms, and the public clouds they run on.
Businesses have moved from buying software licenses to renting software and computing as an online service. This theme covers the subscription business applications, data and developer platforms, and public clouds behind that shift.
Companies
139
Core
114
With a moat
71%
Average quality
47
19 wide moat · 79 narrow moat · 41 no moat · Open in screener →
Core The theme describes the company's main business. Partial A meaningful part of the business, but not the main one.
Companies
| Company | Exposure | Industry | Moat | Quality | Market cap |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Core | Software | Wide | 86 | $3.96T |
| AMZN AMAZON COM INC | Core | E-commerce & Online Marketplaces | Wide | 57 | $2.83T |
| ORCL ORACLE CORP | Core | Software | Wide | 60 | $391.8B |
| SAP SAP SE | Core | Software | Wide | 73 | $256.2B |
| IBM INTERNATIONAL BUSINESS MACHINES CORP | Core | IT Services & Consulting | Wide | 69 | $222.7B |
| CRM Salesforce, Inc. | Core | Software | Wide | 69 | $199.5B |
| NOW ServiceNow, Inc. | Core | Software | Wide | 64 | $150.3B |
| ADP AUTOMATIC DATA PROCESSING INC | Core | Professional & Business Services | Wide | 76 | $114.0B |
| SNOW Snowflake Inc. | Core | Software | Narrow | 46 | $111.3B |
| ADBE ADOBE INC. | Core | Software | Wide | 81 | $96.2B |
| DDOG Datadog, Inc. | Core | Software | Narrow | 58 | $93.5B |
| INTU INTUIT INC. | Core | Software | Wide | 75 | $87.0B |
| ADSK Autodesk, Inc. | Core | Software | Wide | 68 | $50.3B |
| WDAY Workday, Inc. | Core | Software | Narrow | 46 | $47.0B |
| TWLO TWILIO INC | Core | Software | Narrow | 52 | $39.5B |
| PAYX PAYCHEX INC | Core | Professional & Business Services | Narrow | 72 | $39.4B |
| TEAM Atlassian Corp | Core | Software | Narrow | 39 | $38.6B |
| ROP ROPER TECHNOLOGIES INC | Core | Software | Wide | 57 | $37.9B |
| ZM Zoom Communications, Inc. | Core | Software | Narrow | 65 | $28.5B |
| MDB MongoDB, Inc. | Core | Software | Narrow | 42 | $28.1B |
| IOT Samsara Inc. | Core | Software | Narrow | 41 | $23.6B |
| NTNX Nutanix, Inc. | Core | Software | Narrow | 52 | $18.3B |
| DT Dynatrace, Inc. | Core | Software | Narrow | 58 | $17.8B |
| TYL TYLER TECHNOLOGIES INC | Core | Software | Narrow | 59 | $14.8B |
| DOCU DOCUSIGN, INC. | Core | Software | Narrow | 55 | $14.3B |
| GWRE Guidewire Software, Inc. | Core | Software | Narrow | 54 | $14.1B |
| GDDY GoDaddy Inc. | Core | Software | Narrow | 55 | $13.5B |
| MANH MANHATTAN ASSOCIATES INC | Core | Software | Wide | 78 | $13.2B |
| DOCN DigitalOcean Holdings, Inc. | Core | Software | Narrow | 62 | $11.8B |
| HUBS HUBSPOT INC | Core | Software | Narrow | 55 | $11.7B |
| FIG Figma, Inc. | Core | Software | Wide | 52 | $11.5B |
| PAYC Paycom Software, Inc. | Core | Software | Narrow | 66 | $11.4B |
| FROG JFrog Ltd | Core | Software | Narrow | 49 | $11.2B |
| GTLB Gitlab Inc. | Core | Software | Narrow | 46 | $8.9B |
| PCTY Paylocity Holding Corp | Core | Software | Narrow | 65 | $8.8B |
| PCOR PROCORE TECHNOLOGIES, INC. | Core | Software | Narrow | 51 | $8.8B |
| ZETA Zeta Global Holdings Corp. | Core | Software | Narrow | 45 | $8.2B |
| DBX DROPBOX, INC. | Core | Software | Narrow | 60 | $8.1B |
| ESTC Elastic N.V. | Core | Software | Narrow | 46 | $7.9B |
| APPF APPFOLIO INC | Core | Payments & Fintech | Narrow | 69 | $7.5B |
| TTAN ServiceTitan, Inc. | Core | Software | Narrow | 45 | $7.5B |
| DSGX DESCARTES SYSTEMS GROUP INC | Core | Software | Narrow | 74 | $6.9B |
| PATH UiPath, Inc. | Core | Software | Narrow | 55 | $6.8B |
| RNG RingCentral, Inc. | Core | Software | Narrow | 40 | $6.6B |
| NICE NICE Ltd. | Core | Software | Narrow | 71 | $5.8B |
| PEGA PEGASYSTEMS INC | Core | Software | Narrow | 59 | $5.8B |
| BOX BOX INC | Core | Software | Narrow | 49 | $5.5B |
| MNDY monday.com Ltd. | Core | Software | Narrow | 53 | $4.5B |
| CCC CCC Intelligent Solutions Holdings Inc. | Core | Software | Narrow | 50 | $4.5B |
| WK WORKIVA INC | Core | Software | Narrow | 43 | $4.2B |
| FRSH Freshworks Inc. | Core | Software | Narrow | 55 | $3.7B |
| FSLY Fastly, Inc. | Core | Software | None | 31 | $3.7B |
| BRZE Braze, Inc. | Core | Software | Narrow | 41 | $3.4B |
| INTA Intapp, Inc. | Core | Software | Narrow | 45 | $3.4B |
| AGYS AGILYSYS INC | Core | Software | Narrow | 56 | $3.2B |
| AVPT AvePoint, Inc. | Core | Software | Narrow | 52 | $3.1B |
| SPSC SPS COMMERCE INC | Core | Software | Narrow | 70 | $3.1B |
| APPN APPIAN CORP | Core | Software | Narrow | 39 | $3.0B |
| WIX Wix.com Ltd. | Core | Software | Narrow | 49 | $3.0B |
| ALRM Alarm.com Holdings, Inc. | Core | Software | Narrow | 65 | $2.8B |
| KC Kingsoft Cloud Holdings Ltd | Core | Software | None | 23 | $2.5B |
| FIVN Five9, Inc. | Core | Software | Narrow | 50 | $2.5B |
| BLKB BLACKBAUD INC | Core | Payments & Fintech | Narrow | 50 | $2.4B |
| ASAN Asana, Inc. | Core | Software | Narrow | 36 | $2.3B |
| VERX Vertex, Inc. | Core | Software | Narrow | 41 | $2.2B |
| AMPL Amplitude, Inc. | Core | Software | Narrow | 42 | $1.9B |
| BL BLACKLINE, INC. | Core | Software | Narrow | 49 | $1.8B |
| PDFS PDF SOLUTIONS INC | Core | Semiconductors | Narrow | 39 | $1.7B |
| EVCM EverCommerce Inc. | Core | Payments & Fintech | Narrow | 46 | $1.7B |
| KARO Karooooo Ltd. | Core | Software | Narrow | 80 | $1.5B |
| XZO Exzeo Group, Inc. | Core | Property & Casualty Insurance | None | 74 | $1.5B |
| CXM Sprinklr, Inc. | Core | Software | None | 43 | $1.4B |
| BAND Bandwidth Inc. | Core | Telecom & Cable | Narrow | 34 | $1.4B |
| PD PagerDuty, Inc. | Core | Software | Narrow | 46 | $1.3B |
| TUYA Tuya Inc. | Core | Software | None | 44 | $1.2B |
| RDVT Red Violet, Inc. | Core | Software | None | 49 | $1.2B |
| GTM ZoomInfo Technologies Inc. | Core | Internet & Interactive Media | None | 43 | $1.1B |
| NABL N-able, Inc. | Core | Cybersecurity | Narrow | 49 | $858M |
| SPT Sprout Social, Inc. | Core | Software | Narrow | 35 | $706M |
| RXT Rackspace Technology, Inc. | Core | Software | None | 16 | $698M |
| YEXT Yext, Inc. | Core | Software | Narrow | 45 | $690M |
| CCSI Consensus Cloud Solutions, Inc. | Core | Software | Narrow | 72 | $657M |
| SMWB SIMILARWEB LTD. | Core | Software | None | 21 | $645M |
| BLZE Backblaze, Inc. | Core | Software | None | 27 | $576M |
| API Agora, Inc. | Core | Software | None | 38 | $382M |
| LAW CS Disco, Inc. | Core | Software | None | 28 | $292M |
| EGHT 8X8 INC /DE/ | Core | Software | Narrow | 36 | $286M |
| GLOO Gloo Holdings, Inc. | Core | Software | None | 16 | $278M |
| CXAI CXApp Inc. | Core | Software | None | 16 | $224M |
| ALIT Alight, Inc. / Delaware | Core | Professional & Business Services | Narrow | 29 | $214M |
| KLTR KALTURA INC | Core | Software | None | 22 | $214M |
| ASUR ASURE SOFTWARE INC | Core | Professional & Business Services | Narrow | 47 | $203M |
| CXDO Crexendo, Inc. | Core | Telecom & Cable | Narrow | 44 | $186M |
| ALAR Alarum Technologies Ltd. | Core | Software | None | 27 | $164M |
| SANG Sangoma Technologies Corp | Core | Software | None | 34 | $160M |
| EGAN EGAIN Corp | Core | Software | Narrow | 56 | $148M |
| TRAK ReposiTrak, Inc. | Core | Software | None | 59 | $131M |
| RAASY Cloopen Group Holding Ltd | Core | Software | None | 19 | $130M |
| SSTI SOUNDTHINKING, INC. | Core | Software | None | 32 | $109M |
| UPLD Upland Software, Inc. | Core | Software | None | 25 | $97M |
| AEYE AUDIOEYE INC | Core | Software | None | 24 | $86M |
| CRGO Freightos Ltd | Core | Trucking, Logistics & Delivery | None | 19 | $80M |
| THRY Thryv Holdings, Inc. | Core | Media, Publishing & Advertising | None | 29 | $51M |
| PHUN Phunware, Inc. | Core | Digital Assets & Crypto | None | 16 | $41M |
| DGNX Diginex Ltd | Core | Software | None | 6 | $20M |
| IFBD Infobird Co., Ltd | Core | Software | None | 19 | $10M |
| BLIN Bridgeline Digital, Inc. | Core | Software | None | 23 | $9M |
| DTST Data Storage Corp | Core | Software | None | 30 | $7M |
| JG Aurora Mobile Ltd | Core | Software | None | 30 | $6M |
| MFON MOBIVITY HOLDINGS CORP. | Core | Internet & Interactive Media | None | 8 | $3M |
| NVNI Nvni Group Ltd | Core | Software | None | 30 | $3M |
| NOTE FiscalNote Holdings, Inc. | Core | Professional & Business Services | None | 11 | $1M |
| RTCJF Baijiayun Group Ltd | Core | Software | None | 39 | $1M |
| DSNY DESTINY MEDIA TECHNOLOGIES INC | Core | Internet & Interactive Media | None | 34 | — |
| GOOGL Alphabet Inc. | Partial | Internet & Interactive Media | Wide | 89 | $4.15T |
| AVGO Broadcom Inc. | Partial | Semiconductors | Wide | 76 | $1.60T |
| BABA Alibaba Group Holding Ltd | Partial | E-commerce & Online Marketplaces | Narrow | 46 | $245.8B |
| NET Cloudflare, Inc. | Partial | Cybersecurity | Narrow | 46 | $106.0B |
| HPE Hewlett Packard Enterprise Co | Partial | Computer Hardware & Storage | Narrow | 37 | $74.2B |
| NTAP NetApp, Inc. | Partial | Computer Hardware & Storage | Narrow | 67 | $40.7B |
| TRI THOMSON REUTERS CORP /CAN/ | Partial | Professional & Business Services | Wide | 65 | $38.5B |
| AXON AXON ENTERPRISE, INC. | Partial | Aerospace & Defense | Wide | 52 | $31.1B |
| PTC PTC INC. | Partial | Software | Narrow | 67 | $20.9B |
| FICO FAIR ISAAC CORP | Partial | Exchanges & Financial Data | Wide | 74 | $16.9B |
| TRMB TRIMBLE INC. | Partial | Electronic Components & Instruments | Narrow | 47 | $14.0B |
| AKAM AKAMAI TECHNOLOGIES INC | Partial | Cybersecurity | Narrow | 67 | $12.5B |
| TDC TERADATA CORP /DE/ | Partial | Software | Narrow | 53 | $2.9B |
| RUM Rumble Inc. | Partial | Internet & Interactive Media | None | 17 | $2.9B |
| EXTR EXTREME NETWORKS INC | Partial | Communications & Networking Equipment | Narrow | 46 | $2.9B |
| DGII DIGI INTERNATIONAL INC | Partial | Communications & Networking Equipment | Narrow | 56 | $2.8B |
| CALX CALIX, INC | Partial | Telecom & Cable | Narrow | 48 | $2.2B |
| IDT IDT CORP | Partial | Telecom & Cable | Narrow | 55 | $2.0B |
| DFIN Donnelley Financial Solutions, Inc. | Partial | Professional & Business Services | Narrow | 52 | $1.3B |
| PAR PAR TECHNOLOGY CORP | Partial | Computer Hardware & Storage | Narrow | 27 | $719M |
| OOMA OOMA INC | Partial | Software | None | 36 | $544M |
| UIS UNISYS CORP | Partial | IT Services & Consulting | None | 21 | $164M |
| RSSS Research Solutions, Inc. | Partial | Software | None | 34 | $68M |
| INLX INTELLINETICS, INC. | Partial | Software | None | 30 | $23M |
| TAOP Taoping Inc. | Partial | Digital Assets & Crypto | None | 19 | $20M |
139 companies.
Price versus fair value for every company is in the screener.