Technology Sector Ideas

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Workiva - >>> 19 of the Best Stocks You've Never Heard Of


Kiplinger

by Jeff Reeves

6-23-20


https://www.kiplinger.com/slideshow/investing/t052-s001-19-of-the-best-stocks-youve-never-heard-of/index.html


Workiva


Sector: Information technology
Market value: $2.3 billion
Dividend yield: N/A

Most investors wouldn't think to look for a cloud computing leader in Ames, Iowa. But that's where you'll find the headquarters of Workiva (WK, $49.60), a reporting and compliance platform that offers companies ways to manage processes and data in the cloud to better collaborate – wherever they are in the world.

Needless to say, Workiva's business model is tailor-made for 2020, as the coronavirus pandemic has disrupted the traditional office environment. However, most industries are openly discussing the likelihood that this year's surge in telecommuting will stick for the long haul and continue to benefit companies like Workiva.

You might say that cloud-based enterprise software firms are a dime a dozen. You'd be right. But the digital toolkit of Workiva's Wdesk software is unique in that it is specifically designed for governance, risk management and compliance – sensitive financial areas that demand accountability and security, and aren't easily managed in something like Google Docs.

Bank of America recently rated WK a Buy, and their analysis says it all: "While in a niche market, we think Workiva is a best-of-breed regulatory reporting application with growth opportunities as it replaces antiquated, manual processes."

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