U.S. Software Undervalued Stocks Based On Cash Flows

Rapid7

Market Cap: US$857.8m

Provides cybersecurity software and services under the Rapid7, Nexpose, and Metasploit brand names.

Datadog

Market Cap: US$46.0b

Operates an observability and security platform for cloud applications in the United States and internationally.

Elastic

Market Cap: US$7.6b

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.

BILL Holdings

Market Cap: US$4.7b

Provides financial operations platform for small and midsize businesses worldwide.

AvePoint

Market Cap: US$2.7b

Provides cloud-native data management software platform in North America, Europe, the Middle East, Africa, and the Asia Pacific.

Atlassian

Market Cap: US$33.8b

Provides a collaboration software that enables organizations to connect all teams through a system of work that unlocks productivity at scale worldwide.

Workday

Market Cap: US$49.5b

Provides enterprise cloud applications in the United States and internationally.

Varonis Systems

Market Cap: US$4.1b

Provides software products and services that continuously discover and classify critical data, remediate exposures, and detect advanced threats with AI-powered technology in North America, Europe, APAC, and rest of world.

Grid Dynamics Holdings

Market Cap: US$746.3m

Provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally.

Blackbaud

Market Cap: US$2.6b

Engages in the provision of cloud software and services in the United States and internationally.

Wix.com

Market Cap: US$4.6b

Operates a cloud-based web development platform for registered users and creators worldwide.

Nutanix

Market Cap: US$11.6b

Provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa.

Similarweb

Market Cap: US$490.9m

Provides digital data and analytics for power critical business decisions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally.

Vertex

Market Cap: US$3.1b

Provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally.

monday.com

Market Cap: US$6.6b

Develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally.

WidePoint

Market Cap: US$71.7m

Provides technology management as a service (TMaaS) to the government and business enterprises in the United States and Europe.

HubSpot

Market Cap: US$16.7b

Provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific.

ServiceNow

Market Cap: US$133.4b

Provides cloud-based solution for digital workflows in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally.

Alkami Technology

Market Cap: US$2.2b

Provides cloud-based digital banking solutions in the United States.

Zscaler

Market Cap: US$33.2b

Operates as a cloud security company worldwide.

Palo Alto Networks

Market Cap: US$127.0b

Provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Viant Technology

Market Cap: US$796.0m

Operates as an advertising technology company.

Unity Software

Market Cap: US$18.0b

Operates a platform to create and grow games and interactive experiences for mobile phones, PCs, consoles, and extended reality devices in the United States, China, Hong Kong, Taiwan, Europe, the Middle East, Africa, the Asia Pacific, Canada, and Latin America.

Q2 Holdings

Market Cap: US$4.3b

Provides digital solutions to financial institutions, financial technology companies, FinTechs, and alternative finance companies (Alt-FIs) in the United States.

Intapp

Market Cap: US$3.2b

Through its subsidiary, Integration Appliance, Inc., provides AI-powered solutions in the United States, the United Kingdom, and internationally.

Allot

Market Cap: US$514.1m

Develops, sells, and markets network intelligence and security solutions in Israel, Europe, Asia, Oceania, the Americas, the Middle East, and Africa.

Zeta Global Holdings

Market Cap: US$5.3b

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

Procore Technologies

Market Cap: US$10.1b

Provides a cloud-based construction management platform and related products and services in the United States and internationally.

Semrush Holdings

Market Cap: US$1.8b

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

Guidewire Software

Market Cap: US$13.3b

Provides a platform for property and casualty (P&C) insurers worldwide.

ReposiTrak

Market Cap: US$204.6m

A software-as-a-service provider, operates a business-to-business, e-commerce, compliance and traceability, and supply chain management platform in North America.