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There's no question that cloud computing will be one of the fastest-growing sectors of the next decade.
According to ResearchandMarkets, the global cloud computing market will grow 123% between 2018 and 2023, to a total of $623.3 billion.
But with a dizzying array of cloud computing businesses to choose from, the question is which one will get the lion's share of that growth?
A good place to start would be a company that provides cloud computing and networking services to 99 of the Fortune 100 – and 98% of the Fortune 500.
That would be the dividend stock we're bringing you today…
It's a dividend-paying company that has established itself as the corporate world's go-to software provider by bringing together any app, operating system, or device into one easy-to-use interface.
Brace Yourself: The 5G revolution is unleashing your next potential TRILLION-DOLLAR opportunity – go here now.
The result is seamless communications for organizations large and small, while every employee can work in whatever way they find comfortable. And for those with multiple devices and apps – that's most of us – there's no need to import or export.
Plus, this dividend stock is available at a stunning discount. Part of that stems from the fact that this company is not as recognizable as cloud computing conglomerates like Amazon.com Inc. (NASDAQ: AMZN) or Microsoft Corp. (NASDAQ: MSFT).
That's why it just got a top score from our Money Morning Stock VQScore™ system.
In fact, according to at least one metric, it's now trading at just half its value. So if you grab it now, you could double your money in short order.
After a Shaky Start, This Company Now Dominates Its Industry
About the Author
Stephen Mack has been writing about economics and finance since 2011. He contributed material for the best-selling books Aftershock and The Aftershock Investor. He lives in Baltimore, Maryland.
Tags: dividend stock