U.S. Software Potentially Undervalued Companies

PTC

Market Cap: US$15.3b

Operates as software company in the Americas, Europe, and the Asia Pacific.

Rackspace Technology

Market Cap: US$967.4m

Operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally.

Computer Modelling Group

Market Cap: US$304.2m

A software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services.

Blackbaud

Market Cap: US$1.6b

Engages in the providing AI-powered solutions in the United States and internationally.

Xperi

Market Cap: US$368.3m

Operates as a media and entertainment technology company worldwide.

Cognyte Software

Market Cap: US$657.5m

A software-driven technology company, focuses on investigative analytics solutions worldwide.

Cerence

Market Cap: US$367.8m

Provides AI-powered assistants for the mobility/transportation market in the United States, the rest of the Americas, Germany, the rest of Europe, the Middle East, Africa, Japan, and the rest of the Asia-Pacific.

Microsoft

Market Cap: US$2.9t

Develops and supports software, services, devices, and solutions worldwide.

Opera

Market Cap: US$1.7b

Provides mobile and PC web browsers and related products and services in Ireland, Singapore, the United States, and internationally.

Viant Technology

Market Cap: US$744.5m

Operates a cloud-based demand side platform (DSP) that enables the programmatic purchase of digital advertising across multiple channels, including connected TV (CTV), streaming audio, digital out-of-home, mobile, and desktop.

Tuya

Market Cap: US$1.0b

Provides artificial intelligence (AI) cloud platform services in the People’s Republic of China.

dotdigital Group

Market Cap: US$153.7m

Engages in the provision of intuitive software as a service (SaaS) and managed services to digital marketing professionals worldwide.

Vitec Software Group

Market Cap: US$9.6b

Develops and delivers vertical software solutions in Sweden, Denmark, Finland, Norway, the Netherlands, the United States, and internationally.

Gen Digital

Market Cap: US$16.5b

Engages in the provision of cyber safety and trust-based solutions for individuals, families, and small businesses.

LiveRamp Holdings

Market Cap: US$2.3b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

Thryv Holdings

Market Cap: US$184.5m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Sage Group

Market Cap: US$9.2b

Offers technology solutions and services for small and medium businesses in North America, Europe, the United Kingdom, Ireland, Africa and Asia-Pacific.

SAP

Market Cap: US$188.2b

Provides enterprise application and business solutions worldwide.

SoundThinking

Market Cap: US$110.0m

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

Digital Turbine

Market Cap: US$1.0b

Through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs).

EPAM Systems

Market Cap: US$5.2b

Provides digital platform engineering and software development services worldwide.

Pagaya Technologies

Market Cap: US$1.3b

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

Zscaler

Market Cap: US$24.5b

Operates as a cloud security company worldwide.

Atos Group

Market Cap: US$652.6m

Provides digital transformation solutions and services in France and internationally.

Enghouse Systems

Market Cap: US$948.8m

Develops enterprise software solutions worldwide.

Dropbox

Market Cap: US$7.5b

Provides a content collaboration platform in the United States and internationally.

Appian

Market Cap: US$2.0b

Operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally.

Smith Micro Software

Market Cap: US$12.7m

Develops and sells software solutions to simplify and enhance the mobile experience to wireless and cable service providers in the Americas, Europe, the Middle East, and Africa.

NTG Clarity Networks

Market Cap: US$38.9m

Provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman.

FatPipe

Market Cap: US$71.5m

Develops application-aware, secure software-defined wide area network, secure access service edge, and network monitoring service (NMS) software solutions in the United States, India, and internationally.

Commerce.com

Market Cap: US$264.0m

Provides artificial intelligence-driven commerce ecosystem in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Cloudastructure

Market Cap: US$6.2m

Engages in the provision of cloud-based artificial intelligence (AI) video surveillance and remote guarding service built on AI and machine learning platforms in the United States.

Endava

Market Cap: US$153.2m

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

Teradata

Market Cap: US$2.7b

Provides an AI and knowledge platforms in the United States and internationally.

PagerDuty

Market Cap: US$795.1m

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

OneSpan

Market Cap: US$572.4m

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.