Cloud Stocks: Salesforce Continues its Shopping Spree

According to Gartner, worldwide spending on customer experience and relationship management (CRM) software grew 15.6% to reach $48.2 billion in 2018. Salesforce (NYSE:CRM), which is the leader in the CRM market with 19.5% share, recently reported a strong quarter and raised its forecast following its recent acquisitions.

Cloud Stocks: Smartsheet Tapping into the Government Sector

According to Forrester and IDC, the total addressable market for collaborative applications and project/portfolio management is estimated to grow to more than $31.5 billion by 2021. Seattle-based Smartsheet (Nasdaq: SMAR) recently announced its second quarter results that continued to outpace market expectations.

Cloud Stocks: Forescout Partners with Big Names

According to a MarketStudy Report published earlier this year, the global cyber security market is estimated to grow 12% annually to reach $300 billion by 2024. The increasing frequency of cyber attacks and the growing number of IoT devices is promoting the adoption of cyber security solutions. The research estimates that the financial losses caused

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Cloud Stocks: Splunk Sees Strong Cloud Momentum

Big data platform Splunk (NASDAQ: SPLK) recently reported a strong quarter. The highlights of the quarter were the strong momentum in cloud revenue and its $1.05 billion acquisition of cloud monitoring company SignalFx.

GoDaddy Fails to Impress

Global internet domain name provider GoDaddy (NYSE: GDDY) recently reported its second quarter results that failed to impress the market. It did not make matters better when it announced that its CEO Scott Wagner was stepping down.

Veeva is Cashing in on Vault Products

According to a Global Market Insights report, the global healthcare cloud computing market is estimated to grow 15.5% annually over the next few years to reach $55 billion by 2025. Pleasanton, California-based Veeva (NYSE: VEEV) recently reported its second quarter results that continued to surpass all market expectations.

VMWare’s Shopping Spree Fails to Impress the Stock Market

Virtualization infrastructure provider VMWare (NYSE:VMW) has gone on a massive shopping spree to expand its cloud portfolio. Within the last few months, VMWare has made several big acquisitions to continue to drive product and market growth. The company recently also announced its second quarter results that surpassed all market expectations, but the stock fell 9%

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Cloud Stocks: HubSpot Soars to a New High

Inbound-marketing software specialist HubSpot recently reported a strong second quarter that blew past expectations. The market is pleased with its strong performance and its stock has soared to a new high.