So, I wanted to share a short post about one of my current favorite stocks: $HUBS (HubSpot)
For those of you not familiar with Hubspot, HS provides a suite of CRM and customer engagement tools that are absolutely flying with small and medium firms. For a light subscription fee the product enables SME’s to leverage enterprise sales tools without costly custom software implementations. Our business uses several Hubspot products and we also resell the tech to our partners.
In the IT world it is all too common to encounter bloated, over engineered, CRM style platforms. However, in the case of Hubspot the product is a breath of fresh air. The user experience is intuitive, it is super fast out of the starting gate and it offers a huge range of features in a simple way.
Chances are when you come across a website these days with marketing pop outs and a layout optimised for good engagement that the website operator has integrated hubspot in the backend to add many of the bells and whistles to his site without custom development.
I have been watching the product for several years and along with getting the product roadmap just right, Hubspot as a true marketing company has a fantastic growth strategy, supported by a strong channel partner sales model. HS is a great product with great leadership and a stock for me that has bags of potential going forwards.
After hours yesterday Hubspot released its Q2 earnings and smashed it out of the park as usual. (53% revenue growth on the previous Q2). Post market (at time of publication) the stock is approx 4% up. This is a stock that I will continue to covet moving forwards.
Link to earnings here: www.prnewswire.com/news-releases/hubspot-reports-q2-2021-results-301348510.html