{"id":304410,"date":"2021-07-21T14:00:00","date_gmt":"2021-07-21T11:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023\/"},"modified":"2021-07-21T14:00:00","modified_gmt":"2021-07-21T11:00:00","slug":"deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023\/","title":{"rendered":"#Deep Dive: 10 software stocks with sales expected to increase up to 174% through 2023"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a744a590ab\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a744a590ab\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023\/#Sales-growth_leaders_in_the_software_industry_are_expected_to_include_DocuSign_Zoom_and_Salesforcecom\" >Sales-growth leaders in the software industry are expected to include DocuSign, Zoom and Salesforce.com<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023\/#Looking_back_and_looking_ahead\" >Looking back and looking ahead<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023\/#Sales\" >Sales<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023\/#Earnings\" >Earnings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023\/#Free_cash_flow\" >Free cash flow<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023\/#Software_stock_screens\" >Software stock screens<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023\/#Sales_growth_projections\" >Sales growth projections<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023\/#Analysts_favorite_software_stocks\" >Analysts\u2019 favorite software stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/buradabiliyorum.com\/en\/deep-dive-10-software-stocks-with-sales-expected-to-increase-up-to-174-through-2023\/#Philip_van_Doorn\" >Philip van Doorn<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Deep Dive: 10 software stocks with sales expected to increase up to 174% through 2023<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Sales-growth_leaders_in_the_software_industry_are_expected_to_include_DocuSign_Zoom_and_Salesforcecom\"><\/span>\n  Sales-growth leaders in the software industry are expected to include DocuSign, Zoom and Salesforce.com<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000343195\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000343195\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Investors looking for bargains in an expensive stock market might be better off focusing on sales growth as an indicator, based on how well software companies\u2019 stocks have performed.<\/p>\n<p> Jefferies analyst Sean Darby cited two important trends in support of the software industry in a July 19 report: An \u201cunprecedented upswing\u201d in U.S. capital spending by companies and \u201crecord U.S. business formation\u201d in a tight labor market. Those trends mean increases in software sub<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">script<\/a>ions.<\/p>\n<div class=\"paywall\">\n       At first glance, software stocks as a group appear to be expensive. Here\u2019s a comparison of the movement of forward price-to-earnings ratios (based on rolling 12-month consensus earnings estimates among analysts polled by FactSet) for the S&amp;P 500 software industry group and the full S&amp;P 500 Index<br \/>\n        SPX<span><\/span><br \/>\n       over the past five years:<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:81.71428571428572%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-372102?width=540&amp;size=1.2237093690248566 540w, https:\/\/images.mktw.net\/im-372102?width=620&amp;size=1.2237093690248566 620w, https:\/\/images.mktw.net\/im-372102?width=639&amp;size=1.2237093690248566 639w, https:\/\/images.mktw.net\/im-372102?width=700&amp;size=1.2237093690248566 700w, https:\/\/images.mktw.net\/im-372102?width=700&amp;size=1.2237093690248566&amp;pixel_ratio=1.5 1050w, https:\/\/images.mktw.net\/im-372102?width=700&amp;size=1.2237093690248566&amp;pixel_ratio=2 1400w, https:\/\/images.mktw.net\/im-372102?width=700&amp;size=1.2237093690248566&amp;pixel_ratio=3 2100w\" sizes=\"(max-width: 639px) 100vw, (max-width: 979px) 620px, (max-width: 1299px) 540px, 700px\" src=\"https:\/\/images.mktw.net\/im-372102?width=700&amp;height=572\" alt=\"\" title=\"\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\"><span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            FactSet<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       But you get what  you pay for. Before looking at sales, earnings and cash flow comparisons, check out how well the S&amp;P 500 software industry group has performed against the full index over the past five years, with dividends reinvested:<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:81.71428571428572%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-372110?width=540&amp;size=1.2237093690248566 540w, https:\/\/images.mktw.net\/im-372110?width=620&amp;size=1.2237093690248566 620w, https:\/\/images.mktw.net\/im-372110?width=639&amp;size=1.2237093690248566 639w, https:\/\/images.mktw.net\/im-372110?width=700&amp;size=1.2237093690248566 700w, https:\/\/images.mktw.net\/im-372110?width=700&amp;size=1.2237093690248566&amp;pixel_ratio=1.5 1050w, https:\/\/images.mktw.net\/im-372110?width=700&amp;size=1.2237093690248566&amp;pixel_ratio=2 1400w, https:\/\/images.mktw.net\/im-372110?width=700&amp;size=1.2237093690248566&amp;pixel_ratio=3 2100w\" sizes=\"(max-width: 639px) 100vw, (max-width: 979px) 620px, (max-width: 1299px) 540px, 700px\" src=\"https:\/\/images.mktw.net\/im-372110?width=700&amp;height=572\" alt=\"\" title=\"\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\"><span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            FactSet<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       The S&amp;P 500 Index has done well. The software industry group is almost literally off the chart.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Looking_back_and_looking_ahead\"><\/span>Looking back and looking ahead<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<h4><span class=\"ez-toc-section\" id=\"Sales\"><\/span>Sales<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Here\u2019s a comparison of sales growth figures for the S&amp;P 500 software industry group and the full S&amp;P 500 over the past five full calendar years:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2020<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2019<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2018<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2017<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2016<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500 Software<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      11.3%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      11.3%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      17.4%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      9.6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -2.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -2.1%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      4.9%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      10.2%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      5.9%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      0.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"6\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Now let\u2019s look ahead at aggregate sales-growth projections for 2021 and the next two years, based on consensus sales-per-share estimates:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2021<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2022<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2023<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500 Software<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      14.6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      12.8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      9.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      13.0%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      6.5%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      4.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"6\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4><span class=\"ez-toc-section\" id=\"Earnings\"><\/span>Earnings<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Here\u2019s a look at the growth of earnings per share for the S&amp;P 500 software industry group and the full index over the past five years.<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2020<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2019<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2018<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2017<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2016<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500 Software<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      21.9%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      102.5%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -21.1%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      35.4%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -9.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -17.5%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      3.8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      19.4%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      11.1%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -1.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"6\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Here are aggregate EPS estimates for 2021 and the following two years, based on consensus estimates:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2021<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2022<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2023<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500 Software<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      16.8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      12.1%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      8.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      38.7%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      10.8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      8.9%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"6\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4><span class=\"ez-toc-section\" id=\"Free_cash_flow\"><\/span>Free cash flow<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>A company\u2019s free cash flow is its remaining cash flow after planned capital expenditures. It is money that can be used for business expansion, acquisitions, share buybacks, dividend increases or other corporate purposes. <\/p>\n<p>Here are comparisons of increases in aggregate free cash flow per share for the two groups over the past five years, based on consensus estimates:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2020<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2019<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2018<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2017<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2016<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500 Software<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      17.9%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      14.8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      8.6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      20.1%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      12.0%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      9.2%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      6.6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      14.5%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      7.3%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      15.2%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"6\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>And here are projections for increases in annual free cash flow per share through 2023:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2021<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2022<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>2023<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500 Software<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      18.0%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      12.3%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      12.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      S&amp;P 500<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      27.0%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      15.7%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      8.8%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"6\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>There are vagaries in the data \u2014 a very large company\u2019s earnings results can be distorted for any one year because of one-time items, and those can skew results for an industry group. <\/p>\n<p>You can also see higher expectations for the recovery year of 2021 for the full index. Then again, the S&amp;P 500\u2019s sales and earnings declined during 2020, while those items were positive for the software industry. The trend is clear. The software industry has been on a rapid growth path for a long time and is expected to stay the course.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"Software_stock_screens\"><\/span>Software stock screens<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>The Jefferies report on July 19 included a list of 13 software companies, with seven unrated by the firm, a \u201chold\u201d rating on Oracle Corp.<br \/>\n        ORCL<span><\/span><br \/>\n       and \u201cbuy\u201d ratings for five companies (in alphabetical order): Adobe Inc.<br \/>\n        ADBE<span>,<\/span><br \/>\n       Citrix Systems Inc.<br \/>\n        CTXS<span>,<\/span><br \/>\n       Intuit Inc.<br \/>\n        INTU<span>,<\/span><br \/>\n       Microsoft Corp.<br \/>\n        MSFT<span><\/span><br \/>\n       and Salesforce.com Inc.<br \/>\n        CRM<span>.<\/span>\n      <\/p>\n<p>There are only 13 software companies in the S&amp;P 500, according to FactSet. The group excludes internet software and services companies, such as  <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a> Inc.<br \/>\n        FB<span>,<\/span><br \/>\n       Alphabet Inc.<br \/>\n        GOOG<span><\/span><br \/>\n       and Netflix Inc.<br \/>\n        NFLX<span>.<\/span>\n      <\/p>\n<p>In order to broaden the list and make sure it included the 13 companies in the Jefferies list, we began our screen with the S&amp;P Composite 1500 Index<br \/>\n        XX:SP1500<span><\/span><br \/>\n       (made up of the S&amp;P 500, the S&amp;P 400 Mid Cap Index<br \/>\n        MID<span><\/span><br \/>\n       and the S&amp;P Small Cap 600 Index<br \/>\n        SML<span><\/span><br \/>\n      ) and the Nasdaq-100 index (which is tracked by the Invesco QQQ Trust<br \/>\n        QQQ<span><\/span><br \/>\n      ). This yielded a  list of 42 software companies.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Sales_growth_projections\"><\/span>Sales growth projections<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Starting with our list of 43  software companies, here are the 10 expected to show the best sales growth over the next three years (among the 33 companies for which the consensus estimates are available). <\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Company<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated increase in sales from 2020 through 2023<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated sales \u2013 2023<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated sales \u2013 2022<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated sales \u2013 2021<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Sales \u2013 2020<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Sabre Corp.<br \/>\n        SABR<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      174%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $3,657<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $2,911<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,808<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,334<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Okta Inc. Class A<br \/>\n        OKTA<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      163%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $2,134<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,642<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,189<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $813<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      DocuSign Inc.<br \/>\n        DOCU<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      141%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $3,372<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $2,603<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,999<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,401<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Zoom Video Communications Inc. Class A<br \/>\n        ZM<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      129%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $5,546<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $4,717<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $3,879<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $2,420<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Paycom Software Inc.<br \/>\n        PAYC<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      85%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,555<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,269<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,018<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $841<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Paylocity Holding Corp.<br \/>\n        PCTY<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      73%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,011<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $853<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $703<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $584<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      NetEase Inc. ADR<br \/>\n        NTES<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      72%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $18,394<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $16,085<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $13,642<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $10,673<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Salesforce.com Inc.<br \/>\n        CRM<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      70%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $35,679<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $30,614<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $25,567<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $20,930<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Ceridian HCM Holding Inc.<br \/>\n        CDAY<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      70%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,433<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,170<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,003<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $843<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Baidu Inc ADR Class A<br \/>\n        BIDU<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      68%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $26,112<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $22,853<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $19,788<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $15,513<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"6\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>All estimates are in millions and are for calendar years (as many companies  have fiscal years that don\u2019t match the calendar).<\/p>\n<p>You can click on the tickers for more about each company.<\/p>\n<p>Here\u2019s a summary of price ratios and analyst sentiment for this group of expected rapid sales growers:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Company<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Forward P\/E<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Forward price\/ sales<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Share \u201cbuy\u201d ratings<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Closing price \u2013 July 19<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Consensus price target<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Implied 12-month upside potential<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Sabre Corp.<br \/>\n        SABR<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      N\/A<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      1.7<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      25%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $10.92<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $12.75<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      17%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Okta Inc. Class A<br \/>\n        OKTA<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      N\/A<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      24.5<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      65%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $241.35<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $274.95<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      14%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      DocuSign Inc.<br \/>\n        DOCU<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      170.1<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      26.6<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      76%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $289.48<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $278.28<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      -4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Zoom Video Communications Inc. Class A<br \/>\n        ZM<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      79.8<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      25.2<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      46%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $354.20<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $412.63<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      16%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Paycom Software Inc.<br \/>\n        PAYC<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      81.7<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      20.1<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      69%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $367.40<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $424.86<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      16%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Paylocity Holding Corp.<br \/>\n        PCTY<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      100.8<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      14.7<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      59%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $192.34<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $205.53<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      NetEase Inc. ADR<br \/>\n        NTES<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      26.8<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      5.7<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      86%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $112.25<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $134.13<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      19%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Salesforce.com Inc.<br \/>\n        CRM<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      66.4<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      8.2<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      81%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $237.55<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $279.56<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      18%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Ceridian HCM Holding Inc.<br \/>\n        CDAY<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      264.2<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      13.8<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      53%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $95.65<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $105.93<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      11%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Baidu Inc ADR Class A<br \/>\n        BIDU<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      19.5<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      3.1<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      86%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $176.45<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $310.92<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      76%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"7\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>For Sabre Corp. and Okta Inc., no forward P\/E ratios are available because they are expected to post net losses for at least the next four quarters. For comparison, aggregate forward P\/E ratios are 34 for the S&amp;P 500 software industry group and 21.1 for the full S&amp;P 500. Aggregate forward price-to-sales ratios are 10.5 for the S&amp;P 500 software group and 2.7 for the full S&amp;P 500.<\/p>\n<p>Keep in mind  that Wall Street analysts are really focused on short periods \u2014 a 12-month price target may not mean very much when selecting stocks for growth over a period of many years.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Analysts_favorite_software_stocks\"><\/span>Analysts\u2019 favorite software stocks<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Here are the 10 software stocks with the highest percentages of \u201cbuy\u201d or equivalent ratings among analysts  polled by FactSet:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>\u00a0Company\u00a0<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Share \u201cbuy\u201d ratings<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Closing price \u2013 July 19<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Consensus price target<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Implied 12-month upside potential<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Forward P\/E<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Forward price\/ sales<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      ACI Worldwide Inc.<br \/>\n        ACIW<span><\/span><br \/>\n      \u00a0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      100%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $34.86<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $45.40<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      30%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      30.7<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      3.1<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Progress Software Corp.<br \/>\n        PRGS<span><\/span><br \/>\n      \u00a0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      100%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $44.02<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $56.60<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      29%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      13.2<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      3.7<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      SailPoint Technologies Holdings Inc.<br \/>\n        SAIL<span><\/span><br \/>\n      \u00a0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      92%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $47.60<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $64.31<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      35%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      N\/A<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      10.5<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Microsoft Corp.<br \/>\n        MSFT<span><\/span><br \/>\n      \u00a0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      92%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $277.01<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $297.98<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      8%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      34.5<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      11.6<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      CommVault Systems Inc.<br \/>\n        CVLT<span><\/span><br \/>\n      \u00a0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      88%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $77.11<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $81.83<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      6%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      31.7<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      4.7<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Baidu Inc. ADR Class A<br \/>\n        BIDU<span><\/span><br \/>\n      \u00a0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      86%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $176.45<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $310.92<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      76%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      19.6<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      3.1<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      NetEase Inc. ADR<br \/>\n        NTES<span><\/span><br \/>\n      \u00a0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      86%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $112.25<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $134.13<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      19%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      26.7<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      5.6<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Adobe Inc.<br \/>\n        ADBE<span><\/span><br \/>\n      \u00a0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      81%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $602.05<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $628.55<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      4%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      47.2<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      17.3<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Synopsys Inc.<br \/>\n        SNPS<span><\/span><br \/>\n      \u00a0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      81%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $274.48<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $312.00<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      14%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      40.9<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      10.0<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Salesforce.com Inc.<br \/>\n        CRM<span><\/span><br \/>\n      \u00a0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      81%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $237.55<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $279.56<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      18%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      66.6<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      8.2<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"7\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Finally, here are sales growth projetions for this group of 10 software stocks favored by analysts:<\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      \u00a0<strong>Company<\/strong>\u00a0<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated increase in sales from 2020 through 2023<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated sales \u2013 2023<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated sales \u2013 2022<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Estimated sales \u2013 2021<\/strong><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      <strong>Sales \u2013 2020<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      ACI Worldwide Inc.<br \/>\n        ACIW<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      18%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,530<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,397<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,331<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $1,294<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Progress Software Corp.<br \/>\n        PRGS<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      N\/A<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      N\/A<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $541<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $532<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $446<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      SailPoint Technologies Holdings Inc.<br \/>\n        SAIL<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      56%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $571<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $473<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $409<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $365<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Microsoft Corp<br \/>\n        MSFT<span>.<\/span><\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      41%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $216,606<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $198,789<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $176,548<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $153,284<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      CommVault Systems Inc.<br \/>\n        CVLT<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      23%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $857<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $807<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $756<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $697<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Baidu Inc. ADR Class A<br \/>\n        BIDU<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      68%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $26,112<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $22,853<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $19,788<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $15,513<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      NetEase Inc. ADR<br \/>\n        NTES<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      72%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $18,394<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $16,085<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $13,642<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $10,673<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Adobe Inc.<br \/>\n        ADBE<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      59%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $20,899<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $18,302<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $15,890<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $13,142<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Synopsys Inc.<br \/>\n        SNPS<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      30%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $4,916<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $4,518<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $4,140<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $3,775<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Salesforce.com Inc.<br \/>\n        CRM<span><\/span>\n      <\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      70%<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $35,679<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $30,614<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $25,567<\/p>\n<\/td>\n<td align=\"RIGHT\" valign=\"top\" colspan=\"1\">\n      $20,930<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"RIGHT\" valign=\"top\" colspan=\"6\">\n      Source: FactSet<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Don\u2019t miss:<\/strong> 19 dividend stocks to help you combat inflation<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Philip van Doorn\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Philip_van_Doorn\"><\/span>Philip van Doorn<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-753C-9BF408A1092B%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Deep Dive: 10 software stocks with sales expected to increase up to 174% through 2023&#8221; Sales-growth leaders in the software industry are expected to include DocuSign, Zoom and Salesforce.com Investors looking for bargains in an expensive stock market might be better off focusing on sales growth as an indicator, based on how well software companies\u2019&#8230;<\/p>\n","protected":false},"author":1,"featured_media":304411,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-304410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/304410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=304410"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/304410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/304411"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=304410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=304410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=304410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}