Broad reference cohort for software and platform businesses.
As of 2026-09-10, Software ranks №10 among themes for that session with a composite score of 43/100 and median member RS of 62.
Composite
43/100
Median RS
62
Breadth > 50dma
54%
% at Highs
2%
Accumulation
13%
$-Vol Δ
-9%
Score history · last 60 sessionsLast 43·Range 18–64
Members123 tickers
Ticker / whyRSTrendHighAccum$Vol
BANDBandwidth provides a cloud communications platform and APIs on usage and recurring arrangements, directly comparable to included TWLO and RNG.
RS 98
--
--
--
+86%$67.3M / $36.1M
DOCNDigitalOcean provides a developer cloud and managed software-platform services through consumption and subscriptions, comparable to included NET and SNOW.
RS 97
50D
--
--
+6%$294.7M / $277.5M
RNGRingCentral provides cloud communications, contact-center, and collaboration software through subscriptions.
RS 97
50D
--
--
-16%$80.7M / $96.0M
OKTAOkta provides cloud identity-management and access-security software through subscriptions.
RS 96
50D
HIGH
--
+26%$782.9M / $623.7M
TEAMAtlassian develops collaboration and developer-workflow software including Jira and Confluence, sold principally through subscriptions.
RS 95
50D
--
ACCUM
-25%$552.2M / $731.8M
FTNTFortinet’s security-platform business combines appliances with security subscriptions and cloud services; recurring service revenue is the larger economic stream.
RS 94
--
--
--
-22%$519.2M / $667.8M
PANWPalo Alto Networks provides network, cloud, and security-operations software platforms, subscriptions, and support.
RS 94
--
--
--
-28%$1.6B / $2.2B
CRWDCrowdStrike’s Falcon cybersecurity platform is delivered primarily through cloud subscriptions.
RS 94
50D
--
--
-29%$1.5B / $2.2B
TWLOTwilio provides a cloud communications and customer-engagement software platform through usage-based and subscription revenue.
RS 93
50D
--
--
-28%$323.6M / $449.6M
ZETAZeta provides a marketing technology platform; the filing states all revenue is platform revenue, split between direct and integrated platform channels.
RS 93
50D
--
ACCUM
-25%$159.2M / $211.7M
BBBlackBerry is focused on software and services through QNX embedded software, Secure Communications, and intellectual-property licensing.
RS 92
--
--
--
-11%$66.7M / $75.3M
GTLBGitLab provides a unified DevSecOps software platform primarily through subscription plans.
RS 92
50D
--
--
-23%$209.6M / $273.4M
SNOWSnowflake provides the AI Data Cloud as a consumption-based software and data platform.
RS 92
50D
--
--
-35%$1.1B / $1.8B
FROGJFrog provides a software-supply-chain platform for artifact management, security, and software delivery, principally through subscriptions.
RS 91
--
--
--
-54%$91.0M / $195.9M
AMPLAmplitude is a product-analytics software platform; its filing states subscription revenue was 98% of 2025 revenue.
RS 91
50D
--
--
+23%$30.1M / $24.5M
FIVNFive9 provides cloud contact-center software as a subscription service.
RS 90
50D
--
--
-29%$38.5M / $54.6M
NETCloudflare provides a global connectivity, security, and developer cloud platform through subscription and usage-based services.
RS 90
50D
--
ACCUM
+23%$1.1B / $926.3M
PAYCPaycom provides cloud human-capital-management and payroll software through recurring client arrangements.
RS 89
50D
--
--
-16%$130.3M / $154.7M
UUnity provides a real-time 3D development and monetization software platform.
RS 89
50D
--
--
+9%$469.5M / $431.2M
PDPagerDuty provides a digital-operations-management and incident-response software platform through subscriptions.
RS 88
50D
--
ACCUM
-12%$18.1M / $20.5M
QLYSQualys provides cloud vulnerability-management, compliance, and security software through subscriptions.
RS 88
--
--
--
+31%$138.3M / $105.4M
VRNSVaronis provides data-security software through subscription arrangements.
RS 87
50D
--
--
-2%$69.1M / $70.9M
DDOGDatadog provides a cloud observability and security platform under subscription and usage-based arrangements.
RS 86
--
--
--
-40%$558.4M / $933.0M
VEEVVeeva provides cloud software, data, and services for the life-sciences industry, with subscription services the central business model.
RS 85
50D
--
ACCUM
-56%$222.7M / $502.1M
NTNXNutanix provides enterprise hybrid-multicloud infrastructure software through subscription licenses and cloud services.
RS 85
50D
--
--
-44%$105.6M / $187.8M
SSentinelOne provides an AI-powered cybersecurity platform through subscriptions.
RS 84
--
--
--
-26%$131.4M / $178.3M
INTAIntapp provides vertical cloud software for legal, accounting, investment-banking, and private-capital professionals.
RS 83
50D
--
--
-22%$19.1M / $24.4M
MANHManhattan Associates develops supply-chain, warehouse, transportation, and omnichannel-commerce software through cloud subscriptions and licenses.
RS 82
50D
--
--
-19%$127.8M / $157.5M
ESTCElastic develops the Elasticsearch-based search, observability, and security software platform and sells cloud subscriptions and licenses.
RS 82
50D
--
--
-40%$175.3M / $294.3M
DBXDropbox’s cloud storage, collaboration, and document-workflow products are subscription software.
RS 80
50D
--
--
+57%$193.5M / $123.5M
TENBTenable provides exposure-management and vulnerability-security software through subscriptions.
RS 79
--
--
--
+12%$157.4M / $140.8M
DOCUDocusign’s agreement-management and electronic-signature platform is principally subscription software.
RS 78
50D
--
--
-19%$180.6M / $222.6M
APPNAppian’s primary offering is a low-code process-automation software platform delivered through cloud subscriptions and support.
RS 77
50D
--
--
-18%$26.3M / $32.2M
BOXBox’s content-cloud collaboration, workflow, security, and governance products are sold predominantly through subscriptions.
RS 77
50D
--
ACCUM
-19%$82.7M / $102.6M
DTDynatrace provides an observability and application-security software platform, primarily as subscription services.
RS 77
50D
--
ACCUM
-18%$286.1M / $347.7M
RAMPLiveRamp provides a data-collaboration software platform with subscription and usage-based platform revenue.
RS 76
--
HIGH
--
+35%$53.8M / $39.9M
CRMSalesforce’s CRM applications, data platform, integration, analytics, and AI products are principally sold as subscriptions and support.
RS 75
50D
--
ACCUM
-34%$2.6B / $3.9B
GENGen Digital provides consumer cybersecurity, identity-protection, privacy, and utility software through subscriptions.
RS 75
50D
--
ACCUM
+6%$168.1M / $159.2M
RBRKRubrik provides cloud data-security, backup, and cyber-recovery software through subscriptions.
RS 74
50D
--
--
-28%$257.8M / $358.6M
BILLBILL operates cloud financial-operations software for accounts payable, accounts receivable, spend, and expense management.
RS 73
50D
--
ACCUM
-50%$58.0M / $116.2M
YEXTYext provides a recurring-revenue digital-presence and knowledge-graph software platform.
RS 73
50D
--
--
-9%$6.1M / $6.8M
FRSHFreshworks offers customer-service, IT-service-management, CRM, and employee-service software through subscriptions.
RS 72
50D
--
--
-11%$59.9M / $67.0M
ACIWACI Worldwide develops software for real-time payments, merchant payments, and bank payment processing; software licenses, SaaS, and platform services are its defining business.
RS 71
--
--
--
-11%$37.2M / $41.8M
WKWorkiva provides a cloud platform for financial reporting, assurance, ESG, risk, and compliance under subscriptions.
RS 70
50D
--
--
+5%$63.7M / $60.6M
NCNOnCino provides cloud banking software for onboarding, lending, account opening, and analytics.
RS 69
50D
--
--
-3%$58.2M / $59.7M
MSFTMicrosoft’s productivity applications, business applications, Azure cloud platform, developer tools, and Windows operating system make software and platforms its defining business across all major segments.
RS 68
50D
--
--
-28%$7.9B / $10.9B
WDAYWorkday provides cloud financial-management and human-capital-management software through subscriptions.
RS 68
50D
--
--
-54%$446.4M / $964.6M
PCTYPaylocity provides cloud payroll and human-capital-management software through recurring service arrangements.
RS 66
50D
--
--
+10%$97.4M / $88.9M
SPSCSPS Commerce provides cloud retail-network and supply-chain software through recurring subscriptions.
RS 66
50D
--
--
-44%$22.2M / $39.5M
PATHUiPath provides enterprise automation and agentic-software platforms through subscriptions.
RS 66
--
--
--
-19%$912.2M / $1.1B
PLTRPalantir develops Gotham, Foundry, Apollo, and AIP data and AI software platforms.
RS 66
50D
--
--
-34%$3.5B / $5.4B
AGYSAgilysys supplies hospitality point-of-sale, property-management, inventory, and guest-experience software through subscription and support arrangements.
RS 66
--
--
--
-52%$14.4M / $29.8M
RPDRapid7 provides vulnerability management, detection and response, and cloud-security software through subscriptions.
RS 66
--
--
--
-46%$12.1M / $22.2M
ALRMAlarm.com’s connected-property platforms generated $689.4 million of SaaS and license revenue out of $1.0112 billion total revenue in 2025, clearing the majority-revenue test.
RS 65
50D
--
--
-17%$16.8M / $20.2M
MDBMongoDB’s developer data platform and managed Atlas database service are subscription and consumption software offerings.
RS 65
--
--
--
-26%$611.7M / $823.6M
PRGSProgress Software’s license, maintenance, and SaaS products are its principal business; OpenEdge and ShareFile alone were slightly more than half of consolidated revenue.
RS 64
--
--
--
-21%$15.6M / $19.8M
CVLTCommvault develops cyber-resilience, backup, recovery, and data-protection software sold through subscription and license arrangements.
RS 64
--
--
--
-9%$56.8M / $62.7M
ADPADP has material cloud HCM and payroll-platform exposure, but its two segments include outsourced Employer Services and a Professional Employer Organization, so it remains adjacent rather than a pure software cohort member.
RS 63
50D
--
--
-21%$444.1M / $562.7M
DFINDonnelley Financial Solutions combines compliance software with filing, print, and support services, supporting its final related role.
RS 63
50D
--
--
+5%$10.7M / $10.2M
ZMZoom provides cloud communications and collaboration software through subscriptions.
RS 62
--
--
--
-32%$225.2M / $333.3M
CERTCertara combines biosimulation software with technology-enabled consulting, supporting its final related role.
RS 62
--
--
--
-12%$16.7M / $18.9M
BLKBBlackbaud’s primary portfolio is cloud software for nonprofits and social-impact organizations, augmented by payments and professional services.
RS 62
50D
--
--
-20%$14.4M / $18.0M
QTWOQ2 provides digital-banking, lending, and relationship-pricing software platforms to financial institutions.
RS 62
50D
--
--
-31%$27.7M / $40.0M
TOSTToast combines restaurant SaaS with payment processing, financial technology, and hardware in one platform segment; the mixed economics support related rather than pure-software treatment.
RS 62
--
--
--
-38%$187.0M / $302.2M
IOTSamsara provides a cloud connected-operations platform for fleet, equipment, workplace, and operational workflows.
RS 61
50D
--
--
-14%$237.2M / $276.9M
PAYXPaychex offers technology-based HCM and payroll solutions, but reported revenue combines management services, PEO and insurance services, and client-funds interest without isolating majority software economics.
RS 60
--
--
--
-11%$246.1M / $277.6M
MNTNMNTN operates an advertising-software platform that fits the amended software boundary and supports its final core role.
RS 59
50D
--
--
-38%$7.7M / $12.4M
WIXWix provides website creation, commerce, and business-management software platforms through subscriptions and transaction services.
RS 58
50D
--
--
-56%$62.2M / $142.6M
AVPTAvePoint provides cloud data security, governance, resilience, and migration software, primarily through SaaS subscriptions.
RS 58
--
--
--
-17%$17.3M / $20.9M
AKAMAkamai’s security, delivery, and cloud-computing portfolios are recurring-revenue software and edge-platform offerings comparable to included NET and FTNT.
RS 57
--
--
--
-4%$319.3M / $331.6M
SAILSailPoint provides identity-security software through SaaS and subscription arrangements.
RS 55
50D
--
--
+41%$93.5M / $66.4M
APPFAppFolio provides cloud property-management software and value-added platform services to real-estate customers.
RS 55
50D
--
--
-59%$31.4M / $77.4M
ALKTAlkami provides a cloud-based digital-banking platform to banks and credit unions, with recurring platform and implementation revenue.
RS 54
50D
--
--
-1%$24.6M / $24.9M
SSNCSS&C provides financial-services and healthcare software plus software-enabled services; the filing identifies $5.211 billion of software-enabled-services revenue in 2025.
RS 54
50D
--
--
-18%$101.0M / $123.2M
BRZEBraze provides a customer-engagement software platform under subscription arrangements.
RS 51
--
--
ACCUM
-8%$87.3M / $94.8M
SAPSAP’s ERP, finance, supply-chain, human-capital, procurement, and data products are enterprise software and cloud subscriptions.
RS 51
50D
--
--
-10%$461.3M / $510.1M
DUOLDuolingo is a digital-learning software platform; subscription revenue was $873.4 million of $1.038 billion total revenue in 2025.
RS 50
50D
--
--
-8%$162.0M / $175.4M
NOWServiceNow’s Now Platform and workflow applications are sold predominantly through subscriptions.
RS 50
50D
--
ACCUM
-21%$1.8B / $2.3B
SHOPShopify is a cloud commerce platform, but merchant solutions tied to payments, transactions, financing, and logistics dominate over recurring subscription solutions, supporting adjacent treatment under a narrow software-economics boundary.
RS 47
--
--
--
+46%$1.5B / $1.0B
ZSZscaler provides a cloud-native zero-trust security platform through subscription services.
RS 45
50D
--
--
-10%$470.1M / $523.4M
PCORProcore provides a cloud construction-management software platform under subscriptions.
RS 42
50D
--
--
-10%$157.3M / $175.3M
TDCTeradata provides a cloud analytics and data platform through subscriptions and consumption arrangements.
RS 42
--
--
--
+2%$57.6M / $56.7M
ASANAsana operates a work-management software platform whose revenue is principally subscription based.
RS 38
50D
--
--
-7%$48.4M / $51.8M
VTEXVTEX provides an enterprise digital-commerce software platform with recurring subscription and transaction revenue.
RS 37
--
--
--
-8%$2.5M / $2.7M
NICENICE provides cloud contact-center, customer-experience, compliance, and analytics software platforms.
RS 37
--
--
--
-46%$23.7M / $44.1M
PARPAR Technology combines restaurant SaaS with payments and hardware, supporting its final related role.
RS 35
--
--
--
-14%$13.7M / $16.0M
GWREGuidewire develops cloud software for property-and-casualty insurers, including policy, billing, claims, data, and analytics applications.
RS 34
--
--
--
-30%$186.4M / $266.8M
TYLTyler Technologies develops public-sector administration, courts, public-safety, payments, and records software through subscriptions, licenses, and maintenance.
RS 33
50D
--
ACCUM
-26%$258.8M / $351.8M
ADBEAdobe’s Creative Cloud, Document Cloud, and Experience Cloud are subscription software platforms and constitute its principal business.
RS 33
--
--
--
+116%$2.6B / $1.2B
AIC3.ai is an enterprise AI application-software provider whose platform and applications are sold through subscriptions and consumption arrangements.
RS 31
50D
--
ACCUM
-23%$42.3M / $55.0M
DSGXDescartes provides cloud logistics and supply-chain software through recurring services and licenses.
RS 31
--
--
--
+51%$72.5M / $48.0M
LAWCS Disco is a cloud legal-technology software platform; all reported revenue is usage-based or subscription platform revenue.
RS 30
--
--
--
-31%$644K / $934K
CXMSprinklr provides a unified customer-experience-management software platform through subscriptions.
RS 30
--
--
--
-44%$16.2M / $28.9M
DOCSDoximity’s physician digital platform and subscription-based Marketing, Hiring, and Workflow Solutions support its final core role.
RS 30
50D
--
--
+3%$78.5M / $76.5M
CHKPCheck Point develops and licenses network, cloud, endpoint, and mobile cybersecurity software and subscription services.
RS 28
--
--
--
+20%$140.1M / $116.5M
PEGAPegasystems develops workflow automation, customer decisioning, and CRM software delivered through cloud and license arrangements.
RS 27
50D
--
--
+66%$119.0M / $71.6M
HUBSHubSpot’s customer platform combines marketing, sales, service, content, operations, and commerce software under subscriptions.
RS 27
--
--
--
-10%$303.8M / $338.2M
MNDYmonday.com provides a cloud work operating system and workflow applications through subscriptions.
RS 26
--
--
--
+63%$176.9M / $108.9M
GTMZoomInfo, now trading as GTM, provides a subscription go-to-market intelligence and workflow software platform.
RS 26
50D
--
--
-48%$11.2M / $21.7M
SNPSSynopsys’ EDA, simulation, and design-IP groups are centered on software licenses, technology subscriptions, and IP, with hardware and services complementary.
RS 26
--
--
--
-12%$662.8M / $754.0M
ADSKAutodesk’s design, engineering, and construction applications are sold predominantly through recurring subscriptions, making software the primary business.
RS 25
--
--
--
-8%$475.3M / $516.7M
PTCPTC provides product-lifecycle-management, computer-aided-design, industrial IoT, and augmented-reality software.
RS 25
--
--
--
+17%$216.7M / $184.5M
CDNSCadence’s principal business is electronic-design-automation software and semiconductor-design IP, with verification hardware complementary to the software stack.
RS 24
--
--
--
-27%$548.1M / $752.9M
KVYOKlaviyo provides a data and marketing-automation software platform through subscription and usage-based plans.
RS 24
--
--
--
+29%$141.1M / $109.6M
FIGFigma provides collaborative browser-based design and product-development software through subscriptions.
RS 24
--
--
--
-6%$371.0M / $395.7M
BSYBentley Systems develops infrastructure-engineering software and cloud services, predominantly under recurring subscription models.
RS 24
--
--
--
+2%$79.1M / $77.2M
VERXVertex provides enterprise tax calculation, compliance, and reporting software through cloud subscriptions and licenses.
RS 22
--
--
--
-28%$14.7M / $20.4M
BLBlackLine provides cloud software for financial close, intercompany accounting, invoice-to-cash, and finance automation.
RS 22
--
--
--
-30%$22.2M / $31.7M
COURCoursera’s digital learning platform with subscription and enterprise revenue fits the amended software boundary as a related member.
RS 21
--
--
--
-2%$24.8M / $25.3M
INTUIntuit’s TurboTax, QuickBooks, Credit Karma, and Mailchimp businesses are financial and marketing software platforms.
RS 21
--
--
--
-41%$849.4M / $1.4B
CHGGChegg’s digital education subscription platform fits the amended software boundary as a related member.
RS 21
--
--
--
+4%$1.2M / $1.2M
CLBTCellebrite provides digital-investigation and intelligence software platforms to public- and private-sector customers.
RS 20
--
--
--
-55%$27.2M / $60.0M
ORCLOracle’s cloud infrastructure, cloud applications, and database and middleware licenses make software and platforms its principal business.
RS 20
50D
--
--
+145%$8.6B / $3.5B
SOUNSoundHound AI develops conversational and voice AI software platforms sold through subscriptions, royalties, and usage arrangements.
RS 17
--
--
--
-30%$121.0M / $173.4M
FICOFICO’s Scores and Software segments are algorithmic decisioning, analytics, and software-platform businesses; software subscriptions are a named principal revenue stream.
RS 17
--
--
--
-6%$351.1M / $372.1M
TTANServiceTitan provides cloud business-management software for the trades through subscriptions and platform services.
RS 14
--
--
--
+99%$353.1M / $177.6M
BLNDBlend provides cloud banking-origination and consumer-finance workflow software as its principal business.
RS 14
--
--
--
-7%$3.0M / $3.2M
BBAIBigBear.ai supplies AI decision-intelligence software alongside implementation and mission services, which supports its final related role.
RS 12
--
--
--
-7%$47.5M / $51.0M
APPAppLovin’s continuing business is a single advertising-software platform segment centered on Axon Ads Manager, MAX, Adjust, and Wurl.
RS 11
--
--
--
-4%$1.5B / $1.5B
NTSKNetskope provides a cloud-native security platform for secure access, data protection, and threat prevention under subscriptions.
RS --
50D
--
ACCUM
+16%$84.9M / $73.1M
CCCCCC Intelligent Solutions provides cloud software connecting insurers, repairers, automakers, and other participants in the property-and-casualty economy.
RS --
50D
--
ACCUM
-20%$53.4M / $67.0M
BSPBending Spoons owns and operates a portfolio of consumer software applications and subscription platforms, including Evernote, Vimeo, Remini, and WeTransfer.
RS --
50D
--
--
+86%$110.8M / $59.6M
NAVNNavan operates a single cloud travel-and-expense platform; both its $640.4 million usage-based revenue and $61.9 million subscription revenue in fiscal 2026 arise from platform use.