Fed Rate Cut Could Boost Cloud Computing Companies: Analyst Highlights Top Beneficiaries

The Federal Reserve’s recent rate cut could be a boon for cloud computing companies, particularly those with significant debt, according to a Piper Sandler analyst. The analyst identifies five companies – Bandwidth, DigitalOcean, Fastly, RingCentral, and Five9 – that stand to benefit most from the lower interest rates, making it easier for them to refinance their debt and manage interest costs.

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