7 great tech companies to watch in 2019
As someone who has interests in technology and investing, I like to keep up to date on the latest news in and around these spaces. I have a fairly specific methodology I follow when writing software of my own, so it’s exciting to see other tech companies following the same methodology. Even if other companies don’t follow this methodology, it’s still exciting to see tech companies do out-of-the-box, interesting things. Below follows 7 public tech companies I’ll be watching over the next year.
Ubiquiti Networks, Inc (NASDAQ:UBNT)
As someone who’s used old Cisco and D-Link networking gear, the difference between those products and Ubiquiti’s products is day and night. Admittedly, I haven’t used a Cisco product for a few years (mainly because I haven’t needed to — I’ve been using UniFi gear for a while), but coming from an antiquated, buggy command line, to UniFi was the change I needed in my life. UniFi gear makes networking deceptively simple. Changing complex routing and switching configurations is done through their super-simple web interface, but it doesn’t fall short of features for advanced users. UniFi gear doesn’t have control over everything, like more advanced Cisco and Mikrotik gear does, but for the typical small — medium sized office, with fairly typical requirements, UniFi gear does the job.
UBNT stock prices grew ~53% in the past year and I think they still have a lot of innovation left in them.
Twilio, Inc (NYSE:TWLO)
Twilio is probably known well to the average software developer. They allow their telecommunications services to be integrated into third party software. But not only that, it’s super simple to do so. Let’s say you want to integrate video chat in your app. Doing so is really easy, and can take hours instead of days or weeks.
They are relatively new as a public company, however they have shown enormous growth over the past year. Their stock price grew ~300% in the past year, and I think there is room for more growth as more and more apps rely on them for the ever-growing need of telecommunication services in everyday apps.
REA Group Ltd (ASX:REA)
Where do you go when you want to look at properties for sale or rent across Australia? Chances are you said realestate.com.au which is one of many sites owned by Australian company REA Group. realestate.com.au is Australia’s largest property listing site with their next competitor domain.com.au (Domain Holdings Ltd) being second. Other than realestate.com.au and domain.com.au, there aren’t really any viable competitors.
What I like about REA Group is they’re not just doing real estate search. Their sites assist with research, home loans and more. There’s still a lot they can do, and that’s why I’ll be watching them over the next year. In 2018, their stock price grew 37%.
Afterpay Touch Group (ASX:APT)
Though technically not a tech company, their products use a large amount of tech behind the scenes. We’ve all heard of Afterpay, and many of us have used it. They are making purchasing products more approachable, as you can buy an item, have it straight away, and pay it off over 8 weeks (4 instalments every 2 weeks). When used correctly, this can helps families and individuals get access to things they want to buy earlier than they could if they had to save the money.
The share prices for APT grew ~141% in the past year, and I think it will continue to grow as more and more people start and continue to use Afterpay.
Xero Ltd (ASX:XRO)
Every small business owner has heard of Xero, and there’s a good chance they already use it. Compared to the main competitors (QuickBooks and MYOB), it is many years ahead. Xero was the first cloud focused accounting and reporting package, and as such, was designed from the ground up to be a cloud based platform.
I would say that Xero combines a balance of simplicity and features, however it isn’t a super simple platform for people getting started. For the average small business owner, there is a learning curve involved. But then again, bookkeeping isn’t the easiest task either.
XRO share price grew 39% this year, and as they move to make accounting and reporting even easier, I can see small businesses deriving more value from their products.
Salesforce, Inc (NYSE:CRM)
Salesforce is the market leader in the customer relationship management space. A lot of businesses use Salesforce, and a lot of products integrate with Salesforce. They’ve spent a lot of time becoming known to businesses and I believe this will pay off over coming years.
They also own Heroku, which I strongly believe is the future of application hosting. I think Heroku is a little misunderstood by some of the tech community (I know I misunderstood it initially), but now it is an integral part of my company, Naavi.
Salesforce’s stock price grew 39% in 2018 and I think as more businesses move to the cloud, Salesforce and their products will be there for them.
Zendesk, Inc (NYSE:ZEN)
Chances are, you’ve needed help with a product you use, or something you purchased online. There’s a high chance you’ve used Zendesk when contacting support, even if you didn’t realise it.
Zendesk have taken the humble old helpdesk, and turned it into a feature-packed product that any business can use. Businesses love the simplicity of Zendesk, but also the fact that it’s not watered down.
While I believe there is still more businesses who will start using Zendesk, the helpdesk space is very saturated with other products. I am hoping Zendesk will continue innovating in the space, and use their size to create remarkable customer support experiences.
Zendesk’s share price grew 75% in 2018. If they continue to push the boundaries, I believe their share price will continue to grow.
I will be keeping a close eye on these 7 public tech companies over 2019. I think they are all building great products that are revolutionary to the product vertical they exist in. 2019 will be an interesting year, with many experts predicting a correction or recession, so we will see how these companies, and the share market plays out in general.