11 cloud stocks to watch

The best cloud stocks depend on your portfolio and investment goals—while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

11 popular cloud stocks to watch

We round up a selection of stocks in or related to the cloud computing industry, weighting the list more heavily towards popular mid- and large-cap stocks.

1. Dropbox (DBX)
2. Adobe Systems Incorporated (ADBE)
3. Fastly (FSLY)
4. Salesforce-com (CRM)
5. Datadog (DDOG)
6. Medifirst Solutions (MFST)
7. Crowdstrike (CRWD)
8. Splunk (SPLK)
9. Snowflake (SNOW)
10. DocuSign (DOCU)
11. Amazon-com (AMZN)

Compare investment accounts that help you research stocks

The cloud stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering cloud stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Our picks for platforms with research tools

How to invest in cloud stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps in Canada.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like DBX or ADBE.
5. Place your order. Buy the stock. It's that simple.

Learn more about popular cloud stocks

We round up a selection of stocks in or related to the cloud computing industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

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1. Dropbox (DBX)

Dropbox, Inc. provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features.

• Previous close price: $25.53
• Market capitalization: $7,935,915,008
• 1 year performance: -6.83%
• P/E ratio: 14.564

Buy DBX stock on Interactive Brokers

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2. Adobe Systems Incorporated (ADBE)

Adobe Inc. , together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising.

• Previous close price: $503.80
• Market capitalization: $226,914,287,616
• 1 year performance: -0.53%
• P/E ratio: 43.6847

Buy ADBE stock on Interactive Brokers

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3. Fastly (FSLY)

Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer's applications in the United States, the Asia Pacific, Europe, and internationally. The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet.

• Previous close price: $7.36
• Market capitalization: $1,049,202,048
• 1 year performance: -60.20%

Buy FSLY stock on Interactive Brokers

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4. Salesforce-com (CRM)

Salesforce, Inc. provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

• Previous close price: $280.91
• Market capitalization: $264,467,857,408
• 1 year performance: 41.90%
• P/E ratio: 48.2792

Buy CRM stock on Interactive Brokers

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5. Datadog (DDOG)

Datadog, Inc. operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.

• Previous close price: $117.53
• Market capitalization: $38,509,494,272
• 1 year performance: 34.69%
• P/E ratio: 242.9787

Buy DDOG stock on Interactive Brokers

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6. Medifirst Solutions (MFST)

Medifirst Solutions, Inc. , a development stage company, focuses on developing products within the healthcare market for consumer and professional applications. It develops a hand-held mobile laser system, The Time Machine Series lasers to treat temporary relief of minor muscle and joint pains, stiffness, minor arthritis pain, muscle spasms, temporary increase in local blood circulation, and temporary relaxation of muscles.

• Previous close price: $0.00
• Market capitalization: $10,510
• 1 year performance: N/A

Buy MFST stock on Interactive Brokers

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7. Crowdstrike (CRWD)

CrowdStrike Holdings, Inc. provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data.

• Previous close price: $283.75
• Market capitalization: $69,020,319,744
• 1 year performance: 82.74%
• P/E ratio: 414.2898

Buy CRWD stock on Interactive Brokers

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8. Splunk (SPLK)

Splunk Inc. , together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.

• Previous close price: $156.51
• Market capitalization: $26,443,769,856
• 1 year performance: -100.00%
• P/E ratio: 103.2237

Buy SPLK stock on Interactive Brokers

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9. Snowflake (SNOW)

Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.

• Previous close price: $110.47
• Market capitalization: $38,501,072,896
• 1 year performance: -23.39%

Buy SNOW stock on Interactive Brokers

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10. DocuSign (DOCU)

DocuSign, Inc. provides electronic signature solution in the United States and internationally. The company provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; Document Generation streamlines the process of generating new, custom agreements; and Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce.

• Previous close price: $62.98
• Market capitalization: $12,957,796,352
• 1 year performance: 53.83%
• P/E ratio: 13.5254

Buy DOCU stock on Interactive Brokers

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11. Amazon-com (AMZN)

Amazon. com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.

• Previous close price: $181.96
• Market capitalization: $1,957,534,236,672
• 1 year performance: 42.08%
• P/E ratio: 44.4071

Buy AMZN stock on Interactive Brokers

Buy cloud stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

Note: The dollar amounts in the table below are in Canadian dollars.

Bottom line

While it's possible to turn a profit investing in cloud stocks, keep in mind that—like any investment—cloud stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the cloud computing industry, so carefully vet your picks before you invest. If you're new to investing or if it's been a while since you've taken a critical look at your investment accounts, compare brokers to make sure you're getting the best trading features for your needs.

Related: How to buy stocks in Canada

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.