7 Cheap Cloud Computing Penny Stocks Under $5, $10 & $20

Last Updated on June 29, 2021 by Henry John

The global cloud computing market is expected to reach $623.3 billion by 2023. According to cloud computing growth stats, the industry will grow at a CAGR of 18%.

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.

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

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. Orange S.A.

Orange S.A. provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East.
The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.
It also sells mobile phones, broadband equipment, and connected objects and accessories.
In addition, the company provides IT and integration services comprising unified communication and collaboration services, such as LAN and telephony, consultancy, integration, and project management; hosting and infrastructure services, including cloud computing; customer relations management and other applications services; security services; and video conferencing, as well as sells related equipment.
Further, it offers national and international roaming services; and mobile virtual network operators, network sharing, and mobile financial services, as well as sells equipment to external distributors and brokers.
Orange S.A. markets its products and services under the Orange brand.
The company was formerly known as France Telecom and changed its name to Orange S.A. in July 2013. Orange S.A. was founded in 1990 and is headquartered in Paris, France.

4. Xunlei Limited

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. Telefonica, S.A.

Telefónica, S.A. provides mobile and fixed communication services in Europe and Latin America.
The company’s mobile and related services and products comprise mobile voice, value-added, mobile data, Internet, wholesale, corporate, roaming, fixed wireless, trunking, and paging services.
Its fixed telecommunication services include PSTN lines; ISDN accesses; public telephone services; local, domestic, and international long-distance and fixed-to-mobile communications; corporate communications; supplementary and business-oriented value-added; video telephony; intelligent network; and telephony information services.
The company also leases and sells handset equipment; and provides Internet and broadband multimedia services comprising Internet service provider, portal and network, retail and wholesale broadband access, narrowband switched access to the Internet, high-speed Internet through fiber to the home, and voice over Internet protocol services.
In addition, it offers leased lines; virtual private network; fiber optics; hosting and application; outsourcing and consultancy; desktop; and system integration and professional services.
Further, the company offers wholesale services for telecommunication operators, including domestic interconnection; international wholesale; leased lines for other operators’ network deployment; and local loop leasing under the unbundled local loop regulation framework, as well as bitstream services, wholesale line rental accesses, and leased ducts for other operators’ fiber deployment.
Additionally, it provides Internet protocol television (TV), over-the-top network TV, cable and satellite TV, and pay-TV services; M2M connectivity platforms; financial and other payment, security, cloud computing, advertising, big data, and digital telco experience services; and Aura and Movistar Home.
Telefónica, S.A. has a collaboration agreement with Juniper Networks, Inc.
The company was founded in 1924 and is headquartered in Madrid, Spain.

6. TriplePoint Venture Growth BDC Corp.

TriplePoint Venture Growth BDC Corp is a business development company specializing in investments in the growth stage.
It also provides debt financing to venture growth space companies which include growth capital loans, equipment financings, revolving loans, and direct equity investments.
The fund seeks to invest in the e-commerce, entertainment, technology, and life sciences sector.
Within technology, the areas of focus include security, wireless communication equipment, network system and software, business applications software, conferencing equipment/services, big data, cloud computing, data storage, electronics, energy efficiency, hardware, information services, internet, and media, networking, semiconductors, software, software as a service, and other technology-related subsectors.
And within life sciences, the areas of focus include biotechnology, biofuels/biomass, diagnostic testing and bioinformatics, drug delivery, drug discovery, healthcare information systems, healthcare services, medical, surgical, and therapeutic devices, pharmaceuticals, and other life science-related subsectors.
Within growth capital loans it invests between $5 million and $50 million, for equipment financings it invests between $5 million and $25 million, for revolving loans it invests between $1 million and $25 million, and for direct equity investments, it may invest between $0.1 million and $5 million (generally not exceeding 5% of the company’s total equity).
The debt financing products are typically structured as lines of credit and it invests through warrants and secured loans. It does not take a board seat in the company.

7. WideOpenWest, Inc.

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.

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