Sergey

Fastest-Growing SaaS Companies by Analyst-Estimated NTM Revenue Growth $PLTR Palantir | +63.6% $DOCN DigitalOcean | +41.3% $ORCL Oracle | +37.4% $APP AppLovin | +35.0% $SNOW Snowflake | +31.9% $AXON Axon | +31.1% $NET Cloudflare | +29.6% $FIG Figma | +27.7% $SHOP Shopify | +27.6% $DDOG Datadog | +24.5% $ZETA Zeta Global | +24.4% $GOOGL Alphabet | +23.5% $PANW Palo Alto | +23.4% $CRWD CrowdStrike | +23.2% $IOT Samsara | +20.9%

Which SaaS Stocks Offer the Most Growth per Unit of EV/Sales? Forward NTM revenue growth estimates matter because investors are paying for future growth rather than historical performance. 🟢Undervalued: $APP AppLovin estimated +35.0% NTM revenue growth and a Forward EV/Sales multiple at 11.3x. $FIG Figma also below the trendline, with +27.7% est growth and 7.1x multiple. $KVYO Klaviyo trades at 2.3x multiple, with +20.6% est growth. 🟡Premium valuations: $NET Cloudflare trades at 35.8x Forward EV/S with 29.6% NTM growth, and $CRWD CrowdStrike at 35.7x with 23.2% NTM growth. $PLTR Palantir - the highest 63.6% NTM growth and highest valuation 42.1x.

Photonics Is The Most Important AI Infrastructure’s Physical Bottleneck Copper links struggle with bandwidth, heat, and power at scale. Photonics solves that problem by moving data with light, which is why optical networking is becoming increasingly important to AI infrastructure. Analyst estimated NTM revenue growth: $FN +30.5%, $COHR +49.2%, $MRVL +60.3%, $AVGO +76.0%, $CRDO +80.7%, $LITE +106.8%, and $AAOI +194.6%. Most important Photonics companies: $FN Fabrinet is the manufacturing layer, assembling and testing optical transceivers and photonic subsystems at scale. Its role becomes more important as 800G and 1.6T deployments accelerate. $COHR Coherent controls more of the chain, from indium phosphide lasers to finished optical engines. Laser supply is critical because shortages can directly limit optical deployment. $MRVL Marvell connects custom AI compute with optical networking through PAM4 DSPs, connectivity silicon, and custom accelerators. $AVGO Broadcom has one of the broadest positions, spanning custom AI chips, networking switches, and co-packaged optics. Its role increasingly extends into defining how next-generation AI clusters are architected. $CRDO Credo focuses on the rack edge, using active electrical cables, retimers, and optical DSPs to bridge the gap between copper and full optical transport. $LITE Lumentum supplies EML lasers and light engines, making manufacturing capacity itself a key constraint as 1.6T and co-packaged optics ramp. $AAOI Applied Optoelectronics offers higher operating leverage to hyperscaler optical demand through high-volume transceiver production, but also carries more execution and capacity risk.

Fastest-Growing SaaS Companies by Analyst-Estimated NTM Revenue Growth $PLTR Palantir | +64.3% $DOCN DigitalOcean | +41.3% $ORCL Oracle | +36.5% $APP AppLovin | +35.0% $SNOW Snowflake | +31.9% $AXON Axon | +31.1% $NET Cloudflare | +29.6% $SHOP Shopify | +29.1% $FIG Figma | +27.8% $DDOG Datadog | +24.4% $ZETA Zeta Global | +24.4% $GOOGL Alphabet | +23.6% $PANW Palo Alto | +23.3% $CRWD CrowdStrike | +23.2% $IOT Samsara | +20.9%

Which SaaS Stocks Offer the Most Growth per Unit of EV/Sales? Forward NTM revenue growth estimates matter because investors are paying for future growth rather than historical performance. 🟢Undervalued: $APP AppLovin estimated +35.0% NTM revenue growth and a Forward EV/Sales multiple at 11.9x. $FIG Figma also below the trendline, with +27.8% est growth and 7.2x multiple. $ORCL Oracle trades at 5.8x multiple, with +36.5% est growth. 🟡Premium valuations: $NET Cloudflare trades at 33.9x Forward EV/S with 29.6% NTM growth, and $CRWD CrowdStrike at 31.0x with 23.2% NTM growth. $PLTR Palantir - the highest 64.3% NTM growth and highest valuation 39.5x.

Which SaaS Stocks Offer the Most Growth per Unit of EV/Sales? Forward NTM revenue growth estimates matter because investors are paying for future growth rather than historical performance. 🟢Undervalued: $APP AppLovin estimated +35.0% NTM revenue growth and a Forward EV/Sales multiple at 11.9x. $FIG Figma also below the trendline, with +27.8% est growth and 7.2x multiple. $ORCL Oracle trades at 5.8x multiple, with +36.5% est growth. 🟡Premium valuations: $NET Cloudflare trades at 33.9x Forward EV/S with 29.6% NTM growth, and $CRWD CrowdStrike at 31.0x with 23.2% NTM growth. $PLTR Palantir - the highest 64.3% NTM growth and highest valuation 39.5x.

AI Optical Networking Could Grow 9x by 2028, but Can Supply Constraints Delay the CPO Supercycle? Goldman Sachs estimates the AI optical-networking TAM could expand from roughly $15B in 2026 to $154B by 2028, with co-packaged optics potentially representing $91B, or about 59% of the market. Morgan Stanley sees near-term execution risk. It expects only 6-7M optical engines in 2027, versus market expectations of 20-30M, due to low photonic-chip and assembly yields. More meaningful CPO scaling may come in 2028. $GLW Corning benefits from optical fiber and connectivity. Optical Communications generated $2.07B in Q2, while segment profit increased 77% and Enterprise Networks sales grew 65%. $CIEN Ciena is seeing unusually strong demand. Backlog reached $8.5B and could exceed $10B by year-end, highlighting tight supply across coherent optical systems. $FN Fabrinet provides the manufacturing layer. Data-center revenue reached $669M, already 51% of total revenue, with exposure to transceivers, silicon photonics, and CPO assembly. $COHR Coherent combines lasers, 1.6T transceivers, and CPO engines. $MTSI MACOM benefits from high-speed optical components, with record 1.6x book-to-bill. $MRVL Marvell and $AVGO Broadcom combine optical networking with custom AI silicon and switching, giving them exposure to multiple AI bottlenecks. Smaller names offer even higher growth but also more risk. $CRDO Credo connects electrical and optical domains, $LITE Lumentum spans transceivers, optical switching, and CPO lasers, while $ALAB Astera Labs is expanding from retimers into rack-scale fabric switching. At the most speculative end, $AEHR and $AAOI offer very high estimated growth, but capacity constraints, customer concentration, and lower scale increase execution risk. AI photonics has a strong structural tailwind.

Cybersecurity is becoming one of the clearest second-order beneficiaries of AI. More AI agents, data, cloud workloads, APIs, and machine identities create larger attack surfaces. JPMorgan expects AI-related cybersecurity spending to grow 3–4x faster than the broader industry, while Goldman sees spending accelerating into 2027. Here are some of the companies positioned to benefit:

Fastest-Growing SaaS Companies by Analyst-Estimated NTM Revenue Growth $PLTR Palantir | +64.3% $DOCN DigitalOcean | +41.3% $APP AppLovin | +35.2% $ORCL Oracle | +33.3% $SNOW Snowflake | +31.6% $AXON Axon | +31.1% $NET Cloudflare | +29.6% $SHOP Shopify | +29.4% $FIG Figma | +27.8% $DDOG Datadog | +24.4% $ZETA Zeta Global | +24.4% $GOOGL Alphabet | +23.5% $PANW Palo Alto Networks | +23.2% $CRWD CrowdStrike | +23.1% $KVYO Klaviyo | +20.6%

Which SaaS Stocks Offer the Most Growth per Unit of EV/Sales? Forward NTM revenue growth estimates matter because investors are paying for future growth rather than historical performance. 🟢Undervalued: $APP AppLovin estimated +35.2% NTM revenue growth and a Forward EV/Sales multiple at 11.7x. $FIG Figma also below the trendline, with +27.8% est growth and 7.5x multiple. $KVYO Klaviyo trades at 2.9x multiple, with +20.6% est growt. 🟡Premium valuations: $NET Cloudflare trades at 30.9x Forward EV/S with 29.6% NTM growth, and $CRWD CrowdStrike at 32.0x with 23.1% NTM growth. $PLTR Palantir - the highest 64.3% NTM growth and highest valuation 41.1x.