Big data are rulers of the market and we have three big giants from big data that would be a good hold for the long-term.
The big data stocks are those stocks whose datasets turned into a jumbo side, beyond that of a conventional database. With time the tech firms have developed into big data companies and are leading the world with the most advantaged solutions.
Big Data companies are basically combined with analytics technology, problem-solving, business guidance, and other key defining data statistical tools. This also includes in-depth customer research, product hunting and development, competitive analysis, forecast management, and cost management—among others. So, we have some exciting big data stocks that hold great worth in the long-term hold. Let’s have a look at the three big data stocks to buy for the long run.
Recently, Alteryx (AYX) has suffered badly from the market dump. The stock has dropped from $140 to less than $90 in one month and is now sitting on long-term support that has been in place since mid-2019.
Well, this slow down now may define the actual value of the stock and giving a great opportunity to long-term investors to buy the stock at a low price. There has been a lot of changes in the management recently, with the signing of a new CEO in October 2020 and following that appointment of a new Chief Product Officer (CPO) and Chief Revenue Officer (CRO), among others.
Moreover, Alteryx has also just announced the appointment of former Google executive, Anjali Joshi to its board of directors (BOD). Joshi brings much experience in technology who managed several developments of the tech giant. 2021 is a year where Alteryx (AYX) expects things to settle down with the new management. The company expects revenue between $555-565 million for 2021, which reflects an annual growth rate of 13%.
Elastic (ESTC) is a search company that builds self-managed and SaaS offerings for search, logging, security, and analytics use cases. Elastic kicked of the new year in style following a bullish trend from the last year. However, the stock price has dipped quite a bit since Feb. 22.
Elastic recently has been quite active in updating its features across its different products. ESTC has added new capabilities across Elastic search, Kibana, and Elastic Cloud in the 7.12 release. These new features will help users to reveal insights and take action with their data via the power of search. In another announcement, the company updated new features for the Elastic Observability solution in the 7.12 release to speed up root cause analysis and allow unified monitoring.
Looking at the long-term prospect of Elastic, we can assume that the hedge funds are bullish on the stock. By the end of December 2020, 49 hedge funds’ portfolios were holding ESTC. This was its all-time-high from its previous high of 43. So, we can see it as a good stock going into the long run.
Salesforce.com (CRM) is one of the biggest cloud-based companies in the world. Salesforce designs and develops could enterprise software for customer relationship management.
The company used its cloud services to engage salesforce automation, digital commerce, customer service support, and helping customers with big data analytics.
In the past, we have seen Salesforce has been a great investment. Shares of the cloud-based firm have soared over 188% in the last five years, almost doubling the 91% return of the broader S&P 500. The current dip in salesforce.com (CRM) can turn handy for investors to buy the stock on a low.