8 Cloud Computing Stocks Under $10

3) Yext, Inc. (NYSE:YEXT)

Share Price as of November 26: $8.33

Number of Hedge Fund Holders: 20

Yext, Inc. (NYSE:YEXT) is a technology company that specializes in digital knowledge management and search solutions. It operates the Yext platform, which is a cloud-based platform allowing its customers to provide answers to consumer questions, control the facts about their businesses and the content of their landing pages, and manage their consumer reviews.

Wall Street analysts remain optimistic about Yext, Inc. (NYSE:YEXT)’s acquisition of Hearsay Systems. With Hearsay Systems now part of Yext, Inc. (NYSE:YEXT), the latter is well-positioned to accelerate innovation, provide unparalleled solutions, and drive growth for its customers.

Yext, Inc. (NYSE:YEXT) remains focused on opportunities for upselling within Hearsay’s customer base and exploring revenue synergies and cost efficiencies following the integration. Also, Yext is adapting to market dynamics as it shifts to usage-based pricing on the third-party reseller side and is committed to creating long-term value, further strengthening its position as a cloud-based platform. The usage-based pricing means that resellers of the company’s services will be charged based on how much of a particular service or resource their end clients use, instead of a fixed subscription or flat-rate fee. The usage-based pricing will give Yext, Inc. (NYSE:YEXT) a competitive edge.

As the only end-to-end digital presence platform in the market, Yext, Inc. (NYSE:YEXT) remains uniquely positioned to leverage its combined capabilities to accelerate the pace of innovation and deliver additional value.

Yext, Inc. (NYSE:YEXT) announced the launch of Yext Social, which is a major expansion of the Yext platform. Yext Social expands its product portfolio, offering an AI-powered social media management solution supporting multi-location brands in managing their digital presence throughout social channels. This addition further strengthens Yext, Inc. (NYSE:YEXT)’s position in the cloud-based industry.