According to Gartner (NYSE:IT), worldwide IT spending is expected to reach $4.1 trillion in 2021. Since the resurgence of COVID-19 cases could delay office reopening, remote working trends are expected to persist. This should bode well for software companies.
Given this backdrop, we think it could be wise to bet on prominent software stocks NetSol Technologies, Inc. (NTWK) and Evolving Systems, Inc. (EVOL), which look undervalued at their current price levels. These companies are expected to keep thriving based on their solid fundamentals.