|Bid||308.98 x 800|
|Ask||311.45 x 1400|
|Day's range||306.07 - 311.51|
|52-week range||235.74 - 343.96|
|Beta (5Y monthly)||0.79|
|PE ratio (TTM)||118.11|
|Earnings date||29 Nov 2021 - 03 Dec 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||342.05|
Syneos Health's (SYNH) recent acquisition boosts the company's ability to deliver strategic insights and technology-enabled solutions that address the customers' most complex data challenges.
Back in the early 2000s, most software products were installed locally on PCs. This "software-as-a-service" (SaaS) model is a core pillar of the cloud computing market, and it could still grow at a compound annual growth rate of 12.5% between 2021 and 2025, according to Research and Markets. To tap into that market's growth, investors should consider buying shares of Adobe (NASDAQ: ADBE), DocuSign (NASDAQ: DOCU), and Veeva Systems (NYSE: VEEV) -- which each dominate their respective SaaS markets.
For those focused on the long game, the recent poor stock performances of Vertex Pharmaceuticals and Veeva Systems may present buying opportunities.