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Monthly Archives: April 2021
300 Scholarships Up For Grabs at The School of Cloud Computing Courtesy Udacity and SUSE – hackernoon.com
Posted: April 11, 2021 at 5:45 am
@udacityUdacity
Discover the fastest, most effective way to gain job-ready expertise for the careers of the future.
Udacity has teamed up withSUSE a global leader in innovative, reliable and enterprise-grade open source solutions to help students everywhere get the in-demand skills they need to launch a successful career in cloud native application development.
Cloud Native Architecture (CNA) is a form of tech stack that consists of microservices and cloud technology, and has been described as the future of application development today.
TheCloud Native Application Architecture Nanodegree program launching soon will be our latest addition to theSchool of Cloud Computing, and the product of our partnership with SUSE.
Along with collaborating to create the Cloud Native Foundations course the first course of the soon to be released Cloud Native Application Architecture Nanodegree program SUSE has also worked with us to provide300 scholarshipsfor the program.
How the SUSE Cloud Native Foundations Scholarship Works
Udacity and SUSE will welcome 15,000 applicants into the Cloud Native Foundations challenge course.
In the first course of the Cloud Native Application Architecture Nanodegree program, students will learn how to structure, package and release an application to a Kubernetes cluster, while using an automated CI/CD pipeline.
Once students complete the scholarship challenge, 300 top performers will be selected to receive a full scholarship to the Cloud Native Application Architecture Nanodegree program.
Applications for the SUSE Cloud Native Foundations Scholarship Program open April 6, 2021 and close May 25, 2021.
Apply today!
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How to Land a Government Job in Cloud Computing? – Analytics Insight
Posted: at 5:45 am
Cloud computing has become instrumental in todays digital world. As enterprises migrate data or essential assets on cloud infrastructure for smoother business process, there is an increasing demand for professionals with cloud computing skills. Not only do businesses rely on this disruptive technology, but the government, too. This dependency on the cloud makes cloud computing jobs in government more lucrative. As government jobs have always been deemed as an attractive career, how can one land a government job in cloud computing?
Private enterprises are always at the forefront of innovation spending a fortune on IT infrastructure. It helps them build a stack efficient enough to help them stay relevant and competitive. While India is stepping ahead towards digital, cloud computing plays a crucial role. As per thereport, the country meets minimum Internet infrastructural standards essential for basic cloud services, affecting the network speed and latency. To address the infrastructural weaknesses, the Indian government has introduced its ambitious Digital India program that will lead to significant improvements. The government has planned to deploy cloud computing technology in order to intensify agility, share information, remove redundancy and optimize communication technology at economical costs.
Initiatives are taken by the Indian government to bolster cloud technology adoption:
Embracing these skillsets will help you land a government job in cloud computing and make your dreams come true.
Government jobs in cloud computing require in-depth knowledge of the courses and a set of technical skills. According to Career360, top cloud computing government jobs include cloud architects and cloud software engineer.
Other cloud computing job roles are Cloud Engineer, Cloud Computing Systems and Network Administrators, DevOps Engineers, AI Architects, Cloud Security Professionals, and Cloud Network Engineer. These roles can be varied from organization to organization and industry to industry.
One job posting onnaukari.comis Manager/Senior Manager Digital in Ageas Federal Life Insurance Co. Ltd. Candidates for this role are required to work on process improvement with digitization opportunities for various business functions, including customer-facing and backend functions, with added focus on operation processes. They should understand the best digital practices in the BFSI industry, specifically in life insurance. They explore and share relevant good practices on automation opportunities, operational efficiency, customer experience, cost savings, sales enhancement. The candidate also helps in the implementation of identified digital projects for the year, process documentation, organize/lead stakeholder discussions, and track timelines and ensure fulfilment on time and within budget, and more.
With increasing applications of cloud technology and its usages, cloud computing jobs are changing. However, to build a career in this disruptive field, candidates must stay updated with the latest trends and keep learning.
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Microsoft: Here’s what caused our Azure cloud-computing outage – ZDNet
Posted: at 5:45 am
Microsoft has revealed the root cause of the recent outage affecting Azure, which lasted about an hour and was due to a surge in Domain Name System (DNS) requests coupled with a code defect.
Users were reporting that Azure Portal, Azure Services, Dynamics 365, and Xbox Live were inaccessible during the worldwide outage between 21:21 UTC and 22:00 UTC on 1 Apr 2021. Microsoft said in its root cause analysis report that the majority of services recovered by 22:30 UTC.
While Microsoft quickly confirmed the outage was related to its DNS capabilities, the company's final root cause analysis published April 4 sheds a bit more light on the cause being a previously unseen code defect in its DNS service that was triggered by excessive DNS client retries.
SEE: Office 365: A guide for tech and business leaders (free PDF) (TechRepublic)
"Azure DNS servers experienced an anomalous surge in DNS queries from across the globe targeting a set of domains hosted on Azure," Microsoft states.
"Normally, Azure's layers of caches and traffic shaping would mitigate this surge. In this incident, one specific sequence of events exposed a code defect in our DNS service that reduced the efficiency of our DNS Edge caches."
Microsoft's DNS service was swamped as DNS clients retried requests, which added further pressure on the service. Microsoft notes DNS client retries are considered legitimate DNS traffic, so this traffic was not dropped by Microsoft's volumetric mitigation systems, in turn reducing the availability of its DNS service across multiple regions.
Microsoft says it mitigated the issue by updating the logic on the volumetric spike mitigation system to protect the DNS service from excessive client retries.
The technology giant apologized to affected customers and explained that it had repaired the code defect to handle all requests efficiently in the cache. It has also improved automatic detection and mitigation of anomalous traffic patterns.
This latest outage was not as lengthy as its 14-hour Azure outage in mid-March, which was attributed to an error that occurred in the rotation of keys used to support Azure AD's use of OpenID.
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Microsoft: Here's what caused our Azure cloud-computing outage - ZDNet
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IBM opens up finance industry cloud with Red Hat OpenShift support – Cloud Tech
Posted: at 5:45 am
IBM has announced the general availability of its finance industry cloud, bolstered with the support Red Hat OpenShift alongside other cloud-native services.
The companys IBM Cloud for Financial Services, which was designed in collaboration with Bank of America and debuted in 2019, allows clients and partners to build applications with OpenShift, migrate virtual machine workloads, as well as establish compliance profiles across their workloads to help support continuous compliance needs.
Current customers and partners, alongside Bank of America, include BNP Paribas, Luminor Bank, based in the Baltic states, and MUFG in Japan. The initiative also boasts more than 90 ISVs and software as a service providers. New to the latter list is SAP.
The compliance aspect is naturally an important one when it comes to financial data. IBM Cloud for Financial Services boasts IBMs fourth-generation confidential computing capabilities, along with claimed enterprise-grade encryption.
As regular readers of this publication will have seen, industries such as finance and healthcare, with high levels of regulation and specific data requirements, have seen comparatively slow uptake of cloud offerings. The largest cloud providers, however, have hoped to allay certain fears with the launch of industry-specific clouds. Microsoft launched a healthcare cloud in May, with others to come. This has come to pass, with the most recent tranche, in February, featuring finance, alongside manufacturing and non-profit.
IBM is keen to point out, however, that it was here first for this particular industry. Alongside the work with Bank of America, the company has worked with Promontory, a global provider of financial services regulatory compliance consulting. The result is a set of compliance controls which are built directly into the IBM Cloud for Financial Services offering.
These controls are critical to help financial services companies operate securely while managing bank-sensitive data in the public cloud, Harish Grama, general manager of IBM Cloud, told CloudTech.
Grama added that finance in particular was an industry that has long been challenged by cloud platforms that lacked the necessary technologies to address its specific compliance and regulatory environments.
Telecom is another vital industry for the biggest cloud providers. IBM launched IBM Cloud for Telecommunications in November, two months after Microsoft unveiled Azure for Operators. Grama noted that IBM understands the needs of highly regulated industries, specifically citing finance, telco, healthcare and government, and is committed to helping companies securely migrate their mission-critical workloads to the cloud.
As companies embark on their cloud journeys, we will continue to look for opportunities to leverage our expansive industry and global experience across our cloud business, added Grama.
Want to find out more about topics like this from industry thought leaders? TheCloud Transformation Congress, taking place on 13 July 2021, is a virtual event and conference focusing on how to enable digital transformation with the power of cloud.
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3 Cloud Computing Stocks Poised to Outperform By StockNews – Up News Info
Posted: at 5:45 am
Cloud computing stocks have been a part of the market correction of the past few weeks. However, a handful are good buys as they continue to grow sales and earnings at an above-average clip.Over the past four decades a variety of disruptive technologies have emerged, such as the personal computer, the internet, and smartphones. Among their many impacts, they have also transformed how businesses operate and ultimately made them leaner, more competitive, and better able to scale their operations with less friction.
Currently, one of the most disruptive technologies is cloud computing. ZDNet defines cloud computing as, The delivery of on-demand computing services from applications to storage and processing power typically over the internet and on a pay-as-you-go basis.
Companies, in all different sectors and around the world, are moving to host their data and applications on cloud platforms. In addition, companies are using cloud-hosted software to run their business. The importance of this software was demonstrated amid the pandemic and ensuing shutdowns as businesses were able to operate without in-person offices. 3 companies providing these essential cloud-based software packages are Workday (NASDAQ:), Adobe (NASDAQ:), and Salesforce.com (NYSE:).
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3 Cloud Computing Stocks Poised to Outperform By StockNews - Up News Info
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Southeast Asia Cloud Computing Market Global Insights, Trends and Huge Business Opportunities 2021 to 2025 | Amazon, Akamai Technologies, CA…
Posted: at 5:45 am
The COVID-19 Outbreak-Global Southeast Asia Cloud Computing Market study has been conducted by Adroit Market Research to monitor and evaluate the evolving views of leaders across the all regions. The Industry research on the Global Southeast Asia Cloud Computing market will include the entire ecosystem, covering five major regions namely North America, Europe, Asia Pacific, Latin America and Middle East & Africa, and the major countries falling under those regions. The research will feature estimates in terms of sales revenue and consumption from 2019 to 2025, at the global level and across the major regions mentioned above.
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Our analysis involves the study of the market taking into consideration the impact of the COVID-19 pandemic. Please get in touch with us to get your hands on an exhaustive coverage of the impact of the current situation on the market. Our expert team of analysts will provide as per report customized to your requirement. For more connect with us at[emailprotected]or call toll free: ++1 972-362 -8199
Southeast Asia Cloud Computing Market Top Leading Players Amazon, Akamai Technologies, CA Technologies, Alibaba, Cisco Systems and Google Inc.
With increasing maturity of industry players of global Southeast Asia Cloud Computing market, identify possible future growth areas, potentially disruptive trends, and showcase important product/service innovations and research taken up by key competitors.
This market study offers you detailed insight into the global form industry with market size, in value terms, estimated at USD million/billion for the period. It also provides the projected growth rate for the next 56 years along with forecast market value. The study includes estimation of market size, detailed profile of products/services, SWOT of manufacturers/providers, their strategies, and recent developments in the industry.
Staying on top of market trends & drivers is essential for decision makers to leverage this emerging opportunity. The Global Southeast Asia Cloud Computing Market research publication released by Adroit Market Research addresses all this aspects and provides the latest scoop and detailed insights on all major & emerging business segments.
Check Index of Research Study @https://www.adroitmarketresearch.com/industry-reports/southeast-asia-cloud-computing-market
Southeast Asia Cloud Computing Marke Segmentation:Type Analysis of the Southeast Asia Cloud Computing Market:by Deployment (Public Cloud, Private Cloud, Hybrid Cloud) by Product (IaaS, PaaS, SaaS) by Organization (Small, Medium, Large) by Application (IT & Telecom, BFSI, Aerospace & Defense, Healthcare, Manufacturing, Government & Utilities, Retail, Consumer Electronics, Others)
Application Analysis of the Southeast Asia Cloud Computing Market:by Application (IT & Telecom, BFSI, Aerospace & Defense, Healthcare, Manufacturing, Government & Utilities, Retail, Consumer Electronics, Others)
Takeaways from the Report:
You will learn about the Global Southeast Asia Cloud Computing market drivers for the projected period
You will be exposed to the segment-region-wise analysis of major geographical areas North America, Latin America, Europe, Asia-Pacific, and the rest
You will know the Global Southeast Asia Cloud Computing market size at the country level
You will get detailed insight into the strategic and actual happenings of the key players in the insulated concrete form industry, including research and developments, collaboration, working partnership, and other acts, product launches, etc.
You will be provided Global Southeast Asia Cloud Computing details of various segments
You will also be enlightened about the value and supply chain analysis of the Global Southeast Asia Cloud Computing market.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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Disruptive innovation in cybersecurity – Web Hosting | Cloud Computing | Datacenter | Domain News – Daily Host News
Posted: at 5:45 am
The COVID-19 outbreak has speeded up the growth of Internet traffic. The number of websites is rising rapidly, and there are more eCommerce businesses than ever. Therefore, the shared web hosting companies are doing a roaring trade. But unfortunately, these are not the only numbers that are growing. Cyberattacks are also on the rise, and no business is safe nowadays. By now, cybercrime is one of the most frequently reported economic crimes in the organizations, making cybersecurity a C-suite and board-level concern.
Today we will talk about how to detect and remove obfuscated malware from shared web hosting servers.
The obfuscation technique is for hiding the real purpose of a program. The hacker creates a code that is not readable by humans, but the functionality behind it remains the same. So, when you run the program, it will behave like the encapsulated program it was designed for.
There are two different types of analysis when we talk about malware: static and dynamic.
The static analysis includes hash algorithms, string matching, code-based detection, and there is a new, patent-pending technique invented by George Egri (Co-founder and CEO of BitNinja), the source code structure analysis.
This creates a special structure-based signature from the source code and then does the matching on the structure. This way, no matter how the source is altered, the structure will be the same. It is very similar to how plagiarism checker systems work.
But jump back to the types of analyses. Besides the static analysis, there is the dynamic analysis. When using the dynamic analysis, you run the source code partially or entirely and observe the programs behavior.
One of the behavior analysis methods is deobfuscation. If you find the obfuscation mechanism, you can deobfuscate the code. After that, you can decapsulate the real program and match the deobfuscated source code. But believe me, there are too many different obfuscation techniques. So, its not that easy to deobfuscate the code, and there are other aspects that are hard to analyze without partially running the code.
Another technique is from the output when you analyze the output of the program. Most of the time, when you run malware, you can find traces of malicious behavior from the output.
Within the confines of the Function Calls analysis, you run the code, and you find which functions are used for malicious activities.
The next one is variable content analysis. This program contains something phishy, as you can see in the picture. Its always suspicious when a source code includes function names like explode and basic commands used to decode interesting variable names.
It can happen with real files or within a simulated environment to safely analyze file manipulations.
Finally, you can do multi-path execution when you analyze what would happen if you forced the interpreter into a code branch. This way, you can find locked code parts, and this technique is also quite helpful in discovering malicious behaviors.
Sandboxing is one way to use these techniques if you have a couple of special servers for that purpose.
These servers can spin up virtual servers, and you upload the PHP file to it, run the code and do the above-mentioned analyzing methods. The disadvantage of this technique is that it takes around 20 seconds to analyze one PHP file. Analyzing all of your PHP files would take a lot of time and eat up too many resources.
BitNinja has built a PHP simulator. Its a safe environment where you can partially run PHP files on the server and run all the analyses that we were talking about. With this feature, you can analyze old PHP files on the servers and can discover the most recent zero-day malware, even if they are obfuscated.
You need different solutions against DoS attacks, brute force, botnets, vulnerability scans, backdoors, and the list is almost never-ending. The best way to secure your servers is to set up a multi-layered defense system that stops the attacks on each layer.
Thats exactly what BitNinja provides. You can install it with a one-line code, and then you have a complex system of layers from real-time IP reputation through honeypots, DoS detection, WAF, log analysis, and of course, malware detection.
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Cloud vs in-house disaster recovery – Times of Malta
Posted: at 5:45 am
More and more companies of all sizes are moving to the cloud, but why is it time to also move disaster recovery systems to the cloud?
Partnering with a provider that meets their disaster-recovery (DR) needs will allow organisations to protect themselves from threats such as system failures and focus on growing their business rather than addressing unknown risk factors. One of the benefits of using disaster recovery as a service is that one does not have to invest money and resources in owning and maintaining a disaster recovery environment on the ground. It may be tempting to implement every step of a disaster rescue plan in-house, but smaller companies that lack a dedicated IT team may find it easier to use a third-party solution.
Cloud computing is cheap because of its economy of scale, and outsourced tasks usually gives one exactly what they need. The plot thickens for companies that use software as a service (SaaS) provider, which in turn relies on third-party cloud providers to host their services.
There are also several smaller, lesser-known players who focus much of their efforts on providing high-quality disaster recovery services (DRaaS), but there is a shortage of them. A single point disaster can weaken ones business, and a backup and logging service is extremely important if one needs to perform disaster recovery after a failure and see where something went wrong.
DRAAS can be a great option for small- and medium-sized enterprises that lack the expertise to test an effective disaster and recovery plan. Proper management of the location and nature of the backups, as well as the availability of backup data, can cause a single point of failure or disaster that can weaken the company.
A disaster can also affect a wide geographical area, which means that backups can be affected even if they are in the same region as the main office.
If one wants to use the cloud for DR/business continuity (BC) planning, there are some problems they need to face. For disaster recovery, this means how critical business applications behave in a cloud environment. If one relies on cloud disaster and recovery software, they also need to examine the specifics of what they are buying. These tests not only help to know whether the disaster recovery plan is working but can also help in gaining insight into problems that can occur during a disaster.
It is a misconception that one does not have to worry about resilience and recovery when one deploys their workloads in the cloud. While such services exist, there is certainly much more to consider before an organisation can be considered safe. It is important to note that while cloud providers have certain responsibilities, companies and cloud customers are responsible for planning an effective disaster recovery strategy. One probably has a plan to protect their company data, employees and businesses. Management will feel safer knowing that one knows the risks and has adapted their disaster and recovery plan accordingly.
This is one of the main reasons why an emergency rescue plan is needed for both cloud services and in-house services, as well as cloud providers and cloud customers. Other problems that could put a business in a bad situation if it is not prepared include lack of access to critical infrastructure and other critical resources such as backup and recovery equipment, and other issues.
Basically, the nature of the cloud makes it less secure than traditional options, and there needs to be more preparation to ensure security on the software platform and infrastructure level to ensure security. While the cloud provides excellent disaster-recovery capabilities, it is not a cheap alternative to the in-house approach. If ones environment is already in the cloud, it may be useful to use a cloud provider as an option to restore data. One can work with their cloud disaster recovery partner to implement the design and set up the disaster recovery infrastructure. Cloud DR partners have access to a wide range of resources, including data centres, cloud servers, storage and network infrastructure, and disaster management tools.
While backing up important data is an integral part of a companys IT strategy, backing up is not the same as having an emergency plan. The last thing one wants to find out is that their backups failed at a time when they lost their data. That is why it is critical for cloud providers to define exactly what their policies are when it comes to the backup process and the disaster recovery.
This article was prepared by collating various publicly available online sources.
Claude Calleja, Executive, eSkills Malta Foundation
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Cloud Computing Service Market 2021 Will Reflect Significant Growth in Future with Size, Share, Growth, and Key Companies Analysis- Amazon,…
Posted: at 5:45 am
DataIntelo has recently published a comprehensive report entitled Global Cloud Computing Service Market focusing to offer a complete overview of the market. This report provides a latest updated information regarding various crucial aspects of the market, which are expected to have a major impact on the market trend and performance during the forecast period. One key aspect is that the report is prepared in such a manner that it would surely assist the needs of clients. This report is a complete guideline for clients to arrive right decision in terms of business investment plans and strategies.
Few companies that are covered in this report:
By Players:
AmazonSalesforce.comVMwareSavvisRackspaceIBMDellCiscoDell EMCOracleNetSuiteMicrosoft
*Note: Additional companies can be included on request. Moreover, customized report can be available as per the clients wishes or specific needs.
Get free exclusive sample of Cloud Computing Service market report @ https://dataintelo.com/request-sample/?reportId=92609
The report involves an extensive study of the data available for the global Cloud Computing Service market during the historical period, 2015-2019 and makes a robust assessment of the market performance and trend for the base year, 2020. It is an in-depth analysis report of the market that offers vital insights on industry growth opportunities and development, drivers, challenges, and restrains for the global Cloud Computing Service market during the forecast period, 2021-2028.
According to analysis, the global Cloud Computing Service market was valued at USD XX million in 2019 and is projected to reach approximately USD XX million by the end of 2028, expanding at a CAGR of XX% during the forecast period (2020-2028).
COVID-19 impact on Cloud Computing Service market
This report provides a critical analysis of the global Cloud Computing Service market in respect to the COVID-19 pandemic and its adverse impact on the manufacturing and global sales of the product. It provides an extensive study on the impact of COVID-19 pandemic on the global market and explains how it would affect the business operations of the industry in the near future. In short, DataIntelos report provides a systematic information regarding the changing market scenario and the flow of the global supply and consumption in respect to the ongoing pandemic. In a nutshell, this report provides an in-depth information of the overall market structure of Cloud Computing Service and assesses the possible changes in the current as well as future competitive scenarios of the Cloud Computing Service market.
You can buy the complete report and excel sheet @ https://dataintelo.com/checkout/?reportId=92609
The market report offers a detailed explanation regarding the key segments and sub-segmentations including the product types, applications, and regions by describing the new products launched, innovative technologies, and other key factors. It evaluates the emerging market size, performance, and scope of each segment of the global Cloud Computing Service market. The report provides a lengthy analysis of various major players in the market and describes their recent major activities that help change the market positions of these companies. In short, it makes a concrete assessment on the key strategies and plans formulated by them over the recent years such as acquisition & merger, partnership, collaboration, and expansion of the production units abroad by some key players.
In terms of methodology, the report consists of a robust research tools by relying on both primary and secondary sources. The primary source includes interviews of the company executives & representatives and accessing official documents, websites, and press release of the companies related to the Cloud Computing Service market. It also includes comments and suggestions from the experts in the market especially the representatives from government and public organizations as well as international NGOs. Meanwhile, the report illustrates the estimation of market size for value (USD) and volume (K MT), with applying top-down and bottom-up approaches to estimate and validate the overall scope of the Cloud Computing Service market.
If you have any questions on this report, please reach out to us @ https://dataintelo.com/enquiry-before-buying/?reportId=92609
DataIntelos report is known for its data accuracy and precise style, which relies on genuine information and data source. The report is embedded with a group of precise graphical representations, tables, and figures that help to explain a clear picture of various developments of the products and its market performance over the last few years. With this precise report, it can be easily understood the growth potential, revenue growth, product range, and pricing factors related to the Cloud Computing Service market.
The report covers a detailed performance of some of the key players and analysis of major players in the industry in terms of segments, application, and regions. Moreover, the report also considers various governments policies of different regions that help illustrate the key opportunities as well as challenges of the market prevailed in each region.
By Applications:
Private CloudsPublic CloudsHybrid Clouds
By Types:
Software-as-a-ServicePlatform-as-a-ServiceInfrastructure-as-a-Service
The report covers a wider analysis of the emerging trend of the global Cloud Computing Service market in five main regions, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report includes an in-depth analysis of the market performance in the respective regions by focusing on the key countries in these regions. This report can be customized and made available in a separate report for the specific region as per the need of the clients.
You can also go for a yearly subscription of all the updates on Cloud Computing Service market.
Why you should buy this report?
This report provides a complete guideline for the clients to arrive an informed business decision since it entails a comprehensive information, which will help the clients to understand better of the current & future market situation.
Apart from that, the report also answers some of the key questions given below:
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4 fantastic ASX shares with exposure to the cloud computing boom – The Motley Fool Australia
Posted: at 5:45 am
One structural story that still has many chapters left in it is the shift to the cloud.
The good news for investors is that there are a number of ways to gain exposure to it on the Australian share market.
Four ASX shares that look well-positioned to benefit from the cloud computing megatrend are listed below. Heres what you need to know about them:
Among this integrated property companys vast portfolio of assets are data centres. So this could make Goodman an option if youre looking for exposure to the cloud. To date, the company has developed over 400,000 sqm of space and procured 585 MW of dedicated power across multiple regional platforms for a range of hyperscale and co-location data centre partners. Citi currently has a buy rating and $21.00 price target on Goodmans shares.
Macquarie Telecom is a provider of telco and hosting services to corporate and government customers. It is the companys hosting business that is expected to be the key driver of growth for the company over the coming years. In fact, you only need to look at its half year results to see this. For the six months ended 31 December, Macquarie Telecom delivered a 15% increase in EBITDA to $36.4 million. This was driven largely by a 23% increase in hosting EBITDA to $27.3 million. Last month Canaccord Genuity put a buy rating and $68.00 price target on its shares.
Another way to gain exposure to the cloud is with Megaport. It offers scalable bandwidth for public and private cloud connections, metro ethernet, and data centre backhaul. Megaport has networking equipment in hundreds of data centres around the world, which has created a software layer that provides an easy way for users to create and manage network connections. This means that through the Megaport network, users can create and run a global network with or without the need for physical infrastructure. Goldman Sachs currently has a buy rating and $15.55 price target on its shares.
Another company that has been benefiting greatly from the cloud computing boom is NextDC. Thanks to the ever-increasing amount of data being generated by consumers and businesses, demand for capacity in its data centres has been going through the roof. Positively, this week Goldman Sachs has been speaking to industry participants and found that demand remains very strong. In light of this, the broker has added its shares to its conviction buy list and lifted the price target on them to $15.00.
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
See The 5 Stocks
*Returns as of February 15th 2021
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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4 fantastic ASX shares with exposure to the cloud computing boom - The Motley Fool Australia
Posted in Cloud Computing
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