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Since the beginning of the pandemic, the cloud-computing market has been witnessing huge demand from small- to large-sized businesses and enterprises that are seeking to make their operations efficient. The continuation of remote working due to the resurgence of COVID-19 cases should drive the demand for efficient and secure cloud platforms even more amid increasing cybersecurity threats. The global cloud computing market is projected to grow at a 17.9% CAGR to $791.48 billion by 2028. So, both DBX and FSLY should benefit from the growing demand for their solutions this year and beyond.
But while FSLY’s shares lost 21.6% over the past month, DBX gained 4.1%. And in terms of the past year’s performance, DBX is a clear winner with 68.6% gains versus FSLY’s negative returns. But, which of these stocks is a better pick now? Let’s find out.
