At this point, it is almost a given that eventually everything from data to video to music files will be stored in the cloud. The companies that specialize in that growing sector could be poised for years for steady growth. A new research note from RBC offers a wrap up of the firm’s Mobile & Cloud investors day in Boston.

The RBC team came away from the event bullish on the top stocks in the sector, and they raised price targets on three top stocks they have rated Outperform.

Amdocs

This is a customer management software company. Amdocs Ltd. (NYSE: DOX) provides billing and customer relationship management software and services for communications, media and entertainment industry service providers worldwide. With revenue of $3.6 billion in fiscal 2014, Amdocs has more than 22,000 employees who serve customers in over 80 countries.

The RBC report indicated the company sees carrier consolidation as a market positive in the longer term. They also point out the company has strong visibility and revenues coverage generating an outstanding $600 million in free-cash-flow a year. They think the company can continue growing this business organically and through additional acquisitions. We recently cited the company as a possible takeover candidate as well.

Amdocs investors are paid a 1.26% dividend. The RBC price target for the stock is raised to $62 from $59. The Thomson/First Call consensus price target is $58. The shares closed Friday at $53.86.

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F5 Networks

This company provides solutions for an application world. F5 Networks Inc. (NASDAQ: FFIV) helps organizations seamlessly scale cloud, data center, telecommunications and software-defined networking (SDN) deployments to successfully deliver applications and services to anyone, anywhere, at any time. F5 solutions broaden the reach of IT through an open, extensible framework and a rich partner ecosystem of leading technology and orchestration vendors. This approach lets customers pursue the infrastructure model that best fits their needs over time.

With new CEO Manny Rivelo replacing the very popular John McAdam, who will remain as the chairman of the board, the RBC team is interested in the mid to longer term plans for the company. They point out that Rivelo was chosen from within the company, so the status quo should remain. Again, security is helping to drive revenues as the company gains share from rivals.

The RBC price target for this top stock is raised from $138 to $143, and the consensus target is $130.97. The stock closed Friday at $126.05.

Radware

Radware Ltd. (NASDAQ: RDWR) is a global leader of application delivery and application security solutions for virtual, cloud and software defined data centers. Its award-winning solutions portfolio delivers service level assurance for business-critical applications, while maximizing IT efficiency. Radware’s solutions empower more than 10,000 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down.

The company recently posted solid earnings and announced a new share repurchase plan allowing the repurchase of up to $40 million of ordinary shares. The RBC team is bullish on the company, as the on-premise/subscription platform is resulting in gross margins of an astonishing 83%.

The RBC price target for the stock, which is rated Outperform/Speculative Risk, is raised $26 to $29, and the consensus target is set at $27.38. The shares closed Friday at $23.

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Aggressive accounts should have a position in this top growing technology segment. Demand continues to grow, as do safety and security concerns. The top stocks will be afforded rich multiples as earnings can grow consistently higher.

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