U.S. Software Healthy potentially undervalued

ACI Worldwide

Market Cap: US$5.4b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and internationally.

Clearwater Analytics Holdings

Market Cap: US$5.1b

Develops and provides a Software-as-a-Service (SaaS) solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities in the United States and internationally.

Xperi

Market Cap: US$304.4m

Operates as a consumer and entertainment technology company worldwide.

Dolby Laboratories

Market Cap: US$6.7b

Engages in the design and manufacture of audio, imaging, accessibility, and other hardware and software solutions primarily for application in the television, broadcast, and live entertainment industries in the United States and internationally.

Tenable Holdings

Market Cap: US$3.5b

Provides cyber exposure management solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Inuvo

Market Cap: US$52.1m

An advertising technology and services company, develops and commercializes large language generative artificial intelligence that discovers and targets digital audiences in the United States.

Opera

Market Cap: US$1.5b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

Semrush Holdings

Market Cap: US$1.1b

Develops an online visibility management software-as-a-service platform in the United States, the United Kingdom, and internationally.

CI&T

Market Cap: US$601.5m

Provides strategy, design, and software engineering services worldwide.

Ooma

Market Cap: US$307.3m

Provides communications services and related technologies for businesses and consumers in the United States and Canada.

Cognizant Technology Solutions

Market Cap: US$33.2b

A professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally.

Exodus Movement

Market Cap: US$863.7m

Operates as a financial technology for blockchain and digital asset industry in the United States.

Amdocs

Market Cap: US$9.1b

Through its subsidiaries, provides software and services to communications, entertainment, and media service providers worldwide.

EPAM Systems

Market Cap: US$8.3b

Provides digital platform engineering and software development services worldwide.

Pagaya Technologies

Market Cap: US$2.3b

A product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial services and other service providers, their customers, and asset investors in the United States, Israel, and the Cayman Islands.

SoundThinking

Market Cap: US$153.2m

A public safety technology company, provides data-driven solutions and strategic advisory services for law enforcement, security teams, and civic leadership.

OneSpan

Market Cap: US$603.6m

Provides digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

Alarm.com Holdings

Market Cap: US$2.6b

Provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally.

Jamf Holding

Market Cap: US$1.4b

Provides management and security solutions for Apple platforms in the Americas, Europe, the Middle East, India, Africa, and the Asia Pacific.

PagerDuty

Market Cap: US$1.5b

Engages in the operation of a digital operations management platform in the United States and internationally.

Asana

Market Cap: US$3.4b

Operates a work management software platform for individuals, team leads, and executives in the United States and internationally.

Commerce.com

Market Cap: US$380.3m

Operates a software-as-a-service e-commerce platform for brands and retailers in the United States, North and South America, Europe, the Middle East, Africa, and the Asia Pacific.

Kaltura

Market Cap: US$228.6m

Provides various software-as-a-service (SaaS) products and solutions and a platform-as-a-service (PaaS) in the United States, Europe, the Middle East, Africa, and internationally.

Teradata

Market Cap: US$2.1b

Provides a connected hybrid cloud analytics and data platform in the United States and internationally.

GoDaddy

Market Cap: US$18.7b

Engages in the design and development of cloud-based products in the United States and internationally.

Adobe

Market Cap: US$145.8b

Operates as a technology company worldwide.

Endava

Market Cap: US$487.3m

Provides technology services in North America, Europe, the United Kingdom, and internationally.

Elastic

Market Cap: US$8.5b

A search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.

DXC Technology

Market Cap: US$2.4b

Provides information technology services and solutions in the United States, the United Kingdom, the rest of Europe, Australia, and internationally.

ASGN

Market Cap: US$2.1b

Engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe.

Verint Systems

Market Cap: US$1.2b

Provides customer engagement solutions worldwide.

Sprout Social

Market Cap: US$691.7m

Designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

AudioEye

Market Cap: US$178.8m

Provides Internet content publication and distribution software and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States and Europe.

SentinelOne

Market Cap: US$5.8b

Operates as a cybersecurity provider in the United States and internationally.

Zeta Global Holdings

Market Cap: US$4.8b

Operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.

Zoom Communications

Market Cap: US$23.8b

Provides an Artificial Intelligence-first work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.