The outlook for the Internet-Software & Services industry appears negative going by the estimate revision trend over the past year, driven largely by the pandemic. But there are a number of companies here that were in fact positively impacted by the pandemic and the rush-to-digitize trend that it gave rise to. The diversity of players in this group is the reason for this dissonance.
Being the backbone of the digital economy, it’s hard to see this industry doing badly over the long term. However, the near-term outlook is bleak. To make matters worse, the industry isn’t trading cheap. Under the circumstances, Criteo (CRTO) and Donnelley Financial Solutions (DFIN) are the only ones warranting a closer look.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.
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