In the last year, shares of SaaS, or software as a service, entered a downtrend. Selling accelerated in February. Since then, several stocks have rebounded sharply.
The most notable stocks that rose are in cybersecurity, such as CrowdStrike (CRWD). However, since CRWD stock closed at a 52-week high, investors might look elsewhere. Its peer, SentinelOne (S), is not a buy. The firm posted a non-GAAP earnings per share of $0.04. Revenue grew by 20.8% Y/Y.
SentinelOne paid $75 million in share-based compensation in the last quarter. That hurt investors.
Readers should instead consider Autodesk (ADSK). The stock pulled back after posting Q1/2027 results. Shareholders are unhappy about its plans to buy MaintainX for $3.6 billion. CEO Andrew Anagnost said that the acquisition would give the company “deep operational expertise, contextual data, and workflows that enhance our ability to use AI to converge digital and physical worlds.”
Intuit (INTU) is starting to look attractive, but it still trades at a high valuation. Still, it grew total revenue by 10% in the last quarter, led by global business solutions growing at 15%.
MongoDB (MDB) offers strong growth. Its database product is ready to scale, should customers want to create an agentic workload in production.
Atlas continued to grow. The firm met with at least 200 customers who expressed interest in modernizing their infrastructure to Atlas.
