New:

• New eBook reading
• Online browsing and batch operation of external links: you can browse and batch operate files online through external links.
• Added wallpaper change function for PC Desktop
• Added Mac top tray display
• Added UPS-compatible devices: two mainstream models of UPS-compatible devices are added.
• Added Movie Wall episode season
• Added photo format support: compatible with iOS HEIF format files.
• Added Xunlei download location setting: default specify storage space path.
• Added “Permanent Delete” checkbox for file deletion.
• Added Recycle Bin cleaning function: free up storage space.
• Added Recycle Bin one-click Restore All function: can recover accidentally deleted data.

Optimize:

• Upgraded photo album function: provide smoother photo album browsing experience.
• Optimize network mounting service: Web Dav supports local IP address and domain name mounting.
• Optimize the function of the message center, add some new functions, sort out the message notification scenarios of each function module, etc.
• File synchronization optimization: check the progress of synchronization and keep track of file dynamics.
• Optimized technical support portal function: get technical support help quickly.
• The upgraded visual design of TV interface: better movie-watching experience.
• Optimization of file manager: simpler and more efficient file management.
• Optimized file de-duplication function: save storage space.
• Optimize the display of network service information: Dual IPv4 addresses are displayed in network-independent mode, and network protocol support is improved.
• Video wall media library recognition mode optimization: effectively improves the recognition rate.
• Greenlink flagship store was informed that the current sale of private cloud storage DH2100 +, DH2600, DX4600, DX4600 +, DX4600 Pro five products, four-drive and dual-drive optional, comes with M.2 slot, support for 2280 specifications of the solid-state hard disk.

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While cloud computing stocks have been sold off at low prices in the first half of this year, the companies behind the stocks are still mostly growing steadily, indicating that the market needs to be strong. The market may be overcorrected, the companies are still healthy and cloud stocks will rise again when the market regains confidence. Because of this, some investors have been placing bets on cloud software stocks over the past few months as they look to capitalize on money-making opportunities.

Elliott Robinson, a partner at Bessemer Venture Partners, believes that the market is showing some signs of recovery and that the fundamentals of cloud software companies have not fallen off a cliff.

GitLab, which provides source code management tools to software developers, saw its stock plunge 75% from November to April, but the situation began to reverse in June. GitLab missed analysts’ estimates for the fiscal first quarter, but revenue was up 75% year-over-year.

In a report, analysts at Goldman Sachs said, “In the near term, demand for GitLab is likely to be more stable relative to freely available and complex IT solutions that can help companies save money and improve operational efficiency.”

GitLab shares have doubled in the past three months and are the fastest growing stock in the WisdomTree fund. Confluent, a developer of data processing software, is the second fastest growing, having grown 81 percent since mid-May. on August 3 Confluent reported earnings, with revenue up 58 percent in the second quarter and expected to grow at least 46 percent this year.

Atlassian, a developer of collaboration software, reported a 36 percent increase in revenue for its fourth fiscal quarter, and its stock price rose 67 percent in three months. Restaurant software developer Toast’s revenue rose 58 percent in the same time frame, and Toast shares have risen 55 percent since May 12.

Shares rose after the U.S. Bureau of Labor Statistics released news last Wednesday that prices consumers paid for food and services did not increase as much in July as they did in June, and the market thought the Federal Reserve might slow the pace of interest rate hikes.

While cloud computing stocks have done well, other sectors have not been as fortunate, especially those deeply tied to consumers.

Shopify shares are up less than 30% in the past three months and are still down 77% from their highs. Online retailers use Shopify software to manage payments, inventory and logistics processes, and Shopify has warned that inflation and interest rate hikes could put pressure on results in the second half of the year.

Jamin Ball, an investor from Altimeter Capital, said Friday that some buyers who are aggressively buying software stocks may be running ahead of reality. Based on the data we have at the moment, the market seems a little too optimistic,” he said. We’re not in a recession yet, but a recession is coming, probably in 2023.”

The post U.S. cloud software stocks have surged as demand remains strong appeared first on TechGoing.