Splunk Becomes a Strategic Acquisition Target for Several Major Players

Recently, Big Data player Splunk (NASDAQ: SPLK) announced its first quarter results that surpassed market expectations. Splunk is focusing on transitioning its business model to a subscription-based model, a move that is impacting quarterly cash flows. The drop in the cash flow outlook resulted in a decline in the stock’s price post result announcement.

Cloud Stocks: Veeva Soars, But Dassault Acquires Medidata for $5.8 Billion

Pleasanton, California-based Veeva (NYSE: VEEV) recently reported its first quarter results that surpassed all market expectations and sent the stock soaring 15% to a record high. The market is also pleased with the company’s product upgrades and the stock is expected to continue growing in the coming quarters.

VMWare Eyeing Containers

Virtualization giant VMWare (NYSE: VMW) recently announced a stellar first quarter that beat estimates. VMWare dominates the virtualization infrastructure market with a 91% share and now it is looking to bolster its containers and security capabilities.

RingCentral Banks on Platform and Product Expansion to Cross $1 Billion Revenue Milestone

According to a Market research Future report, the global Cloud Communication Platform is estimated to grow 25% over the next few years to $5.7 billion driven by the increasing adoption of BYOD and remote working practices within organizations. Recently, RingCentral (NYSE:RNG), a leading player in the market announced its impressive first quarter results.

Cloud Stocks: DocuSign Prepares to Beat Rival Adobe

According to a ResearchandMarkets report, the global digital signature market is estimated to grow at 37% CAGR to $5.5 billion by 2023 from $1.2 billion in 2018. Recently, DocuSign (Nasdaq: DOCU), a leading player in the segment announced its first quarter results. But while the company surpassed market expectations for the quarter, slowdown in billings

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Smartsheet Banks on Acquisitions for Growth

The global enterprise collaboration software market is estimated to grow 11% annually to $53.8 billion by 2023. Seattle-based Smartsheet (NYSE: SMAR) is already benefiting from this double-digit growth rate. Growth in revenues doesn’t appear to be translating into profits, but the market does not seem very concerned. Smartsheet continues to add capabilities through product innovation

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Palo Alto Networks Builds Through Acquisition to Take on Competition

Cyber security player Palo Alto Networks (NYSE:PANW) recently announced its third quarter results that surpassed market expectations. The company continues to build its portfolio through acquisitions within the highly fragmented industry. It is focused on securing the cloud environments for its enterprise customers as it builds its arsenal to take on big competitors like Cisco

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Valuation of Cloud Platform PagerDuty Soars after IPO

According to PricewaterhouseCoopers, 32% of all customers say they will walk away from a brand after just one bad experience. Delivering a great digital experience is the new requirement for disruption and competitive advantage. However, billions of digital signals from technological infrastructure make it difficult to separate important signals from noise. Billion Dollar Unicorn PagerDuty

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