U.S. Software Potentially Undervalued Companies

Elastic

Market Cap: US$8.9b

A search artificial intelligence (AI) company, delivers hosted and managed solutions designed to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.

Endava

Market Cap: US$1.2b

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

Alarm.com Holdings

Market Cap: US$2.8b

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

PagerDuty

Market Cap: US$1.4b

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

Synchronoss Technologies

Market Cap: US$88.0m

Provides white label cloud software and services in North America, Europe, the Middle East, Africa, and the Asia Pacific.

Clearwater Analytics Holdings

Market Cap: US$6.4b

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.

NCR Voyix

Market Cap: US$1.5b

Provides digital commerce solutions for retail stores and restaurants in the United States, the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

DXC Technology

Market Cap: US$2.9b

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

Tenable Holdings

Market Cap: US$3.9b

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

Capgemini

Market Cap: US$25.4b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Open Text

Market Cap: US$7.0b

Engages in the provision of information management products and services.

Zoom Communications

Market Cap: US$24.8b

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

Sprout Social

Market Cap: US$1.4b

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

Porch Group

Market Cap: US$1.1b

Operates a vertical software and insurance platform in the United States.

Lightspeed Commerce

Market Cap: US$2.0b

Engages in sale of cloud-based software subscriptions and payments solutions for single and multilocation retailers, restaurants, golf course operators, and other businesses in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally.

Zeta Global Holdings

Market Cap: US$3.1b

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

Dolby Laboratories

Market Cap: US$7.2b

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.

ASGN

Market Cap: US$2.4b

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.

Yext

Market Cap: US$827.3m

Provides a platform that offers answers to consumer questions in North America and internationally.

Xperi

Market Cap: US$370.1m

Operates as a consumer and entertainment technology company worldwide.

Dynatrace

Market Cap: US$14.6b

Provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

NICE

Market Cap: US$37.1b

Provides cloud platforms for AI-driven digital business solutions worldwide.

Inuvo

Market Cap: US$58.6m

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

Clear Secure

Market Cap: US$2.2b

Operates a secure identity platform under the CLEAR brand name primarily in the United States.

WM Technology

Market Cap: US$117.7m

An online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.

CSE Global

Market Cap: US$310.9m

An investment holding company, engages in the provision of integrated industrial automation, information technology, and intelligent transport solutions in the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

Cognizant Technology Solutions

Market Cap: US$39.0b

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

Magic Software Enterprises

Market Cap: US$702.6m

Provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud-based services in Israel and internationally.

Informatica

Market Cap: US$5.7b

Develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide.

Akamai Technologies

Market Cap: US$11.1b

Engages in the provision of security, delivery, and cloud computing solutions in the United States and internationally.

Salesforce

Market Cap: US$264.3b

Provides customer relationship management (CRM) technology that connects companies and customers together worldwide.

Rimini Street

Market Cap: US$306.6m

Provides enterprise software products, services, and support.

Five9

Market Cap: US$2.0b

Provides intelligent cloud software for contact centers in the United States and internationally.

q.beyond

Market Cap: US$114.6m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Amdocs

Market Cap: US$10.3b

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

Consensus Cloud Solutions

Market Cap: US$439.9m

Provides information delivery services with a software-as-a-service platform worldwide.