Cloud Stocks: SurveyMonkey Should Get Into PaaS

According to a MarketWatch report, the global Online Survey Software market size is expected to grow at 11% CAGR to reach $2.58 billion by 2026 from $1.2 billion in 2019. SurveyMonkey (Nasdaq: SVMK) recently reported its first fiscal quarter results that delivered stellar growth.

Cloud Stocks: AppFolio Improves Offerings for Current Conditions

According to a report published by Technavio earlier this year, the real estate software market is estimated to grow 8% in 2020. The recent global economic crisis would have altered this forecast. AppFolio (NASDAQ: APPF), a SaaS player in the real estate industry, recently announced its quarterly results that failed to impress the analysts.

Avalara Expands Products and Partners

According to a Fortune Business Insights report, the global tax management software market is estimated to grow at 10% CAGR to reach $11.19 billion by 2026 driven by the growing adoption of Machine Learning and Artificial Intelligence technologies within the space. Seattle, Washington-based Avalara (NYSE: AVLR), a leading player in the market, recently announced its first

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Square Continues to Acquire

In May, Square (NYSE: SQ) reported a mixed first quarter that showed slowing GPV but a significant uptake in its Cash App. It continues to follow a healthy acquisition strategy to boost its AI and P2P payments products. Its stock hit a 52-week high last week.

Cloud Stocks: Datadog’s Integrations and Upgrades Help it Soar

Last year, monitoring and analytics platform provider Datadog (Nasdaq: DDOG) listed on the stock exchange. While the recent market turmoil may have hurt most companies’ stock, Datadog is quite the opposite. Its stock continues to climb to record high levels, and analysts believe that more is still to come.

Cloud Stocks: Paylocity Acquires Amid Crisis

According to a MarketsandMarkets report, the global Human Capital Management (HCM) market is expected to grow from $17.6 billion in 2020 to $24.3 billion by 2025 at a CAGR of 6.7%. Paylocity (Nasdaq: PCTY) recently announced its quarterly results that continued to surpass market expectations.

Cloud Stocks: DocuSign Soars to Record Highs

The global pandemic has accelerated the shift to digital for most organizations. DocuSign (Nasdaq: DOCU) is one player that has seen significant traction due to this transition. The company’s stock has climbed to record high levels, and it has already gained 95% since the beginning of the year.

Cloud Stocks: Paycom Confident Under Current Conditions

While the global pandemic is definitely hurting some companies, it is also helping cloud-based companies grow significantly. One such player is Paycom (NYSE:PAYC) which is seeing an increase in demand for single database solutions. But while Paycom may be confident of its capabilities, global conditions are making investors look at the stock with some caution.