Twilio or MiX Telematics: Which SaaS stock is a Better Investment?

imageStock Markets11 minutes ago (Sep 23, 2021 03:30PM ET)

(C) Reuters. Twilio or MiX Telematics: Which SaaS stock is a Better Investment?

The increasing adoption of cloud-based software products to enhance flexibility in business operations should drive the software-as-a-service (SaaS) industry’s growth. So, we believe SaaS stocks Twilio (NYSE:TWLO) and MiX Telematics (NYSE:MIXT) should benefit. But which of these stocks is a better buy now? Let’s find out.Twilio Inc. (TWLO) in San Francisco, and MiX Telematics Limited (MIXT) in Midrand, South Africa, are two prominent players in the software industry. TWLO provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications internationally. It also offers APIs that enable developers to embed voice, messaging, video, and email capabilities into their applications. In comparison, MIXT offers fleet and mobile asset management solutions through a software-as-a-service (SaaS) delivery model to customers worldwide. The company’s products and services provide enterprise fleets, small fleets, and consumers with safety, efficiency, and security solutions.

The rising adoption of cloud-based software solutions by enterprises to facilitate remote working and enable flexibility in their operations has been driving the Software-as-a-Service (SaaS) industry’s growth. Due to the resurgence of COVID-19 cases, widespread delays in office reopening plans should keep SaaS in demand for the foreseeable future. Indeed, the global SaaS market is expected to grow at a 12.5% CAGR to $436.9 billion by 2025. So, both TWLO and MIXT should benefit.

In terms of their past nine months’ price performance, MIXT is a clear winner with 3.2% gains versus TWLO’s negative returns. But which of these stocks is a better pick now? Let’s find out.

Continue reading on StockNews

Twilio or MiX Telematics: Which SaaS stock is a Better Investment?

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related Articles

Exclusive-Italy, UniCredit to end talks over Monte dei Paschi sale -sources

Stock Markets36 minutes ago (Oct 23, 2021 10:00AM ET) (C) Reuters. FILE...

Subscribe

Categories

Same Category

Exclusive-Italy, UniCredit to end talks over Monte dei Paschi sale -sources

Stock Markets36 minutes ago (Oct 23, 2021 10:00AM ET) (C)...

Exclusive-Italy, UniCredit set to call off talks over Monte dei Paschi-sources

Stock MarketsJust Now (Oct 23, 2021 08:40AM ET) (C) Reuters....

China’s HNA restructuring plan approved by creditors

Stock Markets42 minutes ago (Oct 23, 2021 06:55AM ET) 2/2 (C)...