6 Profitable Cloud Computing Penny Stocks Under $10

According to Fortune Business Insights the global Cloud Computing Market Size is projected to reach USD 791.48 billion in 2028, at CAGR of 17.9% during forecast period (2022-2028); Rising Demand for Improved Virtual Access to Information among Industries to Foster Steady Growth

If you are interested in investing in the cloud computing market, here are cheap, undervalued cloud computing stocks under $5, $10, and $20 to consider.

1. Sutter Rock Capital Corp. (NASDAQ: SSSS)

Sutter Rock Capital Corp. is specializing in growth capital, B round and beyond, emerging growth, and pre-IPO investments in late-stage venture-backed private companies.
It makes direct (primary rounds) investments in companies and also makes secondary direct investments.
The fund operates as a Business Development Company. The fund may also invest in select publicly traded equity securities of companies that otherwise meet its investment criteria.
It seeks to invest in the technology subsectors of social/mobile marketplaces, sustainability, cloud computing, and big data, social media, mobile computing and applications, software as a service, Internet commerce, green technology, and education technology.
The fund invests in the form of non-controlling equity and equity-related investments, including common stock, warrants, preferred stock, and similar forms of senior equity, which may or may not be convertible into a portfolio company’s common equity, and convertible debt securities with a significant equity component.
It will invest in companies based in the United States. It generally invests in companies with a market value of over $100 million. Typically, the firm exits its position within 18 months of going public or 12 months after any relevant lock-up has expired.

2. GigaMedia Limited (NASDAQ: GIGM)

GigaMedia Limited provides digital entertainment services in Taiwan, Hong Kong, and Macau. The company offers mobile and browser-based casual games through the FunTown-branded platform.
Its portfolio of PC-based casual games includes MahJong, a traditional Chinese tile-based game; sports games and role-playing games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.
The company also provides Tales Runner, a multi-player online obstacle running game in which players compete by running, jumping, dashing, and using items; Yume 100, a story-based game that targets female players; and Akasaka, a female-oriented game.
In addition, it owns and operates GigaCloud, a provider of cloud computing solutions and related services focused on small and medium-based enterprises in Taiwan.
GigaMedia Limited was founded in 1998 and is headquartered in Taipei, Taiwan.

3. Fastly (NYSE: FSLY)

Fastly, Inc. operates an edge cloud platform for processing, serving, and securing its customer’s applications in the United States, the Asia Pacific, Europe, and internationally.
The edge cloud is a category of Infrastructure as a Service that enables developers to build, secure, and deliver digital experiences at the edge of the internet. It is a programmable platform designed for web and application delivery.
The company offers Compute@Edge, full site delivery services, and performance services; and streaming solutions and services, including live streaming, media shield, and origin connect.
It also provides edge security solutions, such as DDoS protection and cloud, edge web application firewall (WAF), transport layer security (TLS), platform TLS, and compliance services; unified web application and API protection solutions that includes runtime self-application protection, advanced rate limiting, API and ATO protection, account takeover protection, bot protection, and next generation WAF.
In addition, the company offers edge applications, such as load balancers and image optimizers; video on demand; and managed edge delivery services.
It serves customers operating in digital publishing, media and entertainment, technology, online retail, travel and hospitality, and financial services industries.
 Fastly, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.

4. Xunlei Limited (NASDAQ: XNET)

Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People’s Republic of China.
The company’s platform is based on cloud computing that enables users to access, manage, and consume digital media content.
It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel.
The company also provides Mobile Xunlei, a mobile application that allows users to search, download, and consume digital media content on their mobile devices.
Xunlei Media Player, which supports online and offline play of digital media content, as well as the simultaneous play of digital media content while it is being transmitted by Xunlei Accelerator; online games online game Website and purchase licenses; live video and online advertising services; and other Internet value-added services.
As of December 2018, its platform had approximately 128.4 million monthly unique visitors.
Xunlei Limited has a collaboration agreement with Tower Corporation Limited to jointly develop an edge computing project.
The company was formerly known as Giganology Limited and changed its name to Xunlei Limited in January 2011.
Xunlei Limited was founded in 2003 and is based in Shenzhen, the People’s Republic of China.

5. WideOpenWest, Inc. (NYSE: WOW)

WideOpenWest, Inc. provides high-speed data, cable television, and digital telephony services to residential and business services customers in the United States.
Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; and ultra video products, as well as offers commercial-free movies, sports, and other special event entertainment programs.
The company’s telephony services consist of local and long-distance telephone services; business telephony and data services include fiber-based, office-to-office metro Ethernet, session initiated protocol trunking, colocation infrastructure, cloud computing, managed backup, and recovery services.
It serves approximately 3.2 million home and business customers in the states of Alabama, Florida, Georgia, Illinois, Indiana, Maryland, Michigan, Ohio, South Carolina, and Tennessee.
The company was formerly known as WideOpenWest Kite, Inc. and changed its name to WideOpenWest, Inc. in March 2017. It was founded in 2001 and is based in Englewood, Colorado.

6. Edgio (NASDAQ: EGIO)

Edgio, Inc. provides edge-enabled software solutions through an integrated delivery, applications, and streaming platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
The company operates private global networks with distributed computing resources and extensive connectivity to last-mile broadband network providers; offers live and on-demand video delivery services; and provides online video platforms that integrates and manages advanced video delivery.
It also offers edge computing services; cloud security services that provide defense against malicious website attacks and unauthorized content access; and cloud storage services.
In addition, the company provides professional services; and other infrastructure services, such as transit, hardware, and rack space services.
It serves companies operating in the media, entertainment, gaming, technology and software, enterprise, retail, and other sectors.
The company was formerly known as Limelight Networks, Inc. and changed its name to Edgio, Inc. in June 2022. Edgio, Inc. was founded in 2001 and is headquartered in Tempe, Arizona.

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