Considering investing in big data stocks? While the best big data stocks depend on your portfolio and investment goals, we've identified some big data stocks that are worth keeping an eye on in the information sector. Keep reading to learn more about big data stocks and how to start investing.
11 popular big data stocks to watch
We round up a selection of stocks in or related to the information industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy now on CIBC Investor's Edge |
|---|---|---|---|---|---|
| International Business Machines (IBM.US) | 32.16% | $288.4 billion (USD) | NYSE | 1,689,000 | Buy now |
| Alteryx (AYX.US) | (data unavailable) | $3.5 billion (USD) | NYSE | (data unavailable) | Buy now |
| MongoDB (MDB.US) | -3.64% | $32.8 billion (USD) | NASDAQ | 4,997,628 | Buy now |
| Splunk (SPLK.US) | (data unavailable) | $26.4 billion (USD) | NASDAQ | (data unavailable) | Buy now |
| Snowflake (SNOW.US) | (data unavailable) | $85.1 billion (USD) | NYSE | (data unavailable) | Buy now |
| Datadog (DDOG.US) | -4.81% | $56.1 billion (USD) | NASDAQ | 3,577,203 | Buy now |
| Cloudera (CLDR.US) | (data unavailable) | $4.7 billion (USD) | NYSE | (data unavailable) | Buy now |
| Palantir Technologies (PLTR.US) | 141.16% | $401.5 billion (USD) | NASDAQ | 17,199,497 | Buy now |
| Amazon-com (AMZN.US) | 7.21% | $2.5 trillion (USD) | NASDAQ | 42,903,954 | Buy now |
| Elastic (ESTC.US) | (data unavailable) | $7.4 billion (USD) | NYSE | (data unavailable) | Buy now |
| Workiva (WK.US) | (data unavailable) | $5.2 billion (USD) | NYSE | (data unavailable) | Buy now |
What to look for when investing in big data stock
The information industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering big data stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
How to invest in big data stock
- Research the information industry. Before investing, learn about the big data stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
- Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
- Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
- Select the big data stock(s) to buy. Search by company name or ticker symbol, like IBM or AYX. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
- Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.
Our top picks for where to buy big data stocks
Are big data stocks a good investment?
While it's possible to turn a profit investing in big data stocks, keep in mind that—like any investment—big data stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the information industry, so carefully vet your picks before you invest.What are the best big data stocks?
A lot of factors go into picking the best big data stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong big data stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular big data stocks in or related to the information industry to help narrow down your options:
- International Business Machines (IBM)
- Alteryx (AYX)
- MongoDB (MDB)
- Splunk (SPLK)
- Snowflake (SNOW)
- Datadog (DDOG)
- Cloudera (CLDR)
- Palantir Technologies (PLTR)
- Amazon-com (AMZN)
- Elastic (ESTC)
- Workiva (WK)
Keep in mind that this is not a "best" list or a recommendation. It highlights some big data stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each big data stock below. Keep reading to decide if any of these companies are the right investment for you.
International Business Machines (IBM)
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.
| Closing stock price | $308.58 |
|---|---|
| Market Capitalization | $288.4 billion |
| Gross profit (TTM) | $37.8 billion |
| Profit margin | 12.09% |
| Revenue (TTM) | $65.4 billion |
| Earnings per share (TTM) | $8.39 |
| 52-week stock price range | $209.20 – $324.90 |
Alteryx (AYX)
Alteryx, Inc. , together with its subsidiaries, operates in the analytics automation business in the United States and internationally. The company's analytics platform automates tasks for workers across the analytics value chain.
| Market Capitalization | $3.5 billion |
|---|---|
| Gross profit (TTM) | $737.6 million |
| Profit margin | -18.45% |
| Revenue (TTM) | $970 million |
| Earnings per share (TTM) | -$2.52 |
MongoDB (MDB)
MongoDB, Inc. , together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
| Closing stock price | $328.87 |
|---|---|
| Market Capitalization | $32.8 billion |
| Gross profit (TTM) | $1.6 billion |
| Profit margin | -3.55% |
| Revenue (TTM) | $2.2 billion |
| Earnings per share (TTM) | -$0.82 |
| 52-week stock price range | $140.78 – $419.50 |
Splunk (SPLK)
Splunk Inc. , together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.
| Market Capitalization | $26.4 billion |
|---|---|
| Gross profit (TTM) | $2.8 billion |
| Profit margin | 6.26% |
| Revenue (TTM) | $4.2 billion |
| Earnings per share (TTM) | $1.52 |
Snowflake (SNOW)
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. The company's platform includes artificial intelligence (AI) Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data applications, and share data and data products, as well as applies AI for solving business problems.
| Market Capitalization | $85.1 billion |
|---|---|
| Gross profit (TTM) | $2.7 billion |
| Profit margin | -33.53% |
| Revenue (TTM) | $4.1 billion |
| Earnings per share (TTM) | -$4.15 |
| 52-week stock price range | $120.10 – $280.67 |
Datadog (DDOG)
Datadog, Inc. operates an observability and security platform for cloud applications in the United States and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data observability, universal service monitoring, network monitoring, error tracking, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, event management and CI and LLM visibility.
| Closing stock price | $157.90 |
|---|---|
| Market Capitalization | $56.1 billion |
| Gross profit (TTM) | $2.6 billion |
| Profit margin | 3.32% |
| Revenue (TTM) | $3.2 billion |
| Earnings per share (TTM) | $0.30 |
| 52-week stock price range | $81.63 – $201.69 |
Cloudera (CLDR)
Cloudera, Inc. offers a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services.
| Market Capitalization | $4.7 billion |
|---|---|
| Gross profit (TTM) | $680.1 million |
| Profit margin | -15.73% |
| Revenue (TTM) | $904.8 million |
| Earnings per share (TTM) | -$0.47 |
Palantir Technologies (PLTR)
Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. It provides Palantir Gotham, a software platform, which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the hand-off between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
| Closing stock price | $168.45 |
|---|---|
| Market Capitalization | $401.5 billion |
| Gross profit (TTM) | $3.1 billion |
| Profit margin | 28.11% |
| Revenue (TTM) | $3.9 billion |
| Earnings per share (TTM) | $0.44 |
| 52-week stock price range | $63.40 – $207.52 |
Amazon-com (AMZN)
Amazon. com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally.
| Closing stock price | $233.88 |
|---|---|
| Market Capitalization | $2.5 trillion |
| Gross profit (TTM) | $346 billion |
| Profit margin | 11.06% |
| Revenue (TTM) | $691.3 billion |
| Earnings per share (TTM) | $7.09 |
| 52-week stock price range | $161.38 – $258.60 |
Elastic (ESTC)
Elastic N. V. , 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.
| Market Capitalization | $7.4 billion |
|---|---|
| Gross profit (TTM) | $1.2 billion |
| Profit margin | -6.79% |
| Revenue (TTM) | $1.6 billion |
| Earnings per share (TTM) | -$1.02 |
| 52-week stock price range | $68.10 – $118.84 |
Workiva (WK)
Workiva Inc. , together with its subsidiaries, provides cloud-based reporting solutions in the Americas and internationally. It provides Workiva platform, a multi-tenant cloud software that provides data-linking capabilities; audit trail services; administrators access management; and connects and transforms data from various enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.
| Market Capitalization | $5.2 billion |
|---|---|
| Gross profit (TTM) | $655.6 million |
| Profit margin | -5.54% |
| Revenue (TTM) | $845.5 million |
| Earnings per share (TTM) | -$0.83 |
| 52-week stock price range | $60.50 – $116.83 |
Compare trading platforms to buy big data stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Bottom line
If you're considering adding big data stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of big data stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the information industry to know when to buy, sell or hold.Frequently asked questions about big data stocks
Sources
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