Zacks Industry Outlook Highlights Roper Technologies, Check Point Software, Vertiv and Wix.com
Nasdaq For Immediate Release
Chicago, IL September 6, 2023 Today, Zacks Equity Research discusses Roper Technologies ROP, Check Point Software CHKP, Vertiv VRT and Wix.com WIX.
Industry: Information Technology
Link: https://www.zacks.com/commentary/2144362/4-it-services-stocks-to-buy-from-a-prospering-industry
The Zacks Computers IT Services industry has been benefiting from ongoing digitization efforts globally. Robust spending on cloud, Internet of Things (IoT), cyber security, data and analytics, artificial intelligence (AI), and automation is driving industry-wide growth. Solid demand for advanced IT-service infrastructure solutions for hybrid working and digital healthcare has been benefiting the prospects of industry participants like Roper Technologies, Check Point Software, Vertiv and Wix.com.
Improving IT spending trends also bodes well for these players. Nevertheless, the industry participants are suffering from challenging macroeconomic conditions that are elongating the sales cycle. The adoption of consultation and transaction processing solutions has been affected by an uncertain macro environment.
