Cloud Stocks: ServiceNow Believes Strength Lies in Tie-ups

Cloud-based enterprise services provider ServiceNow (NYSE: NOW) recently announced its second quarter results that outpaced market expectations. Right after the results, its stock registered a 60% price increase since the start of the year. Given ServiceNow’s growing tie-ups to expand market reach, that growth will most likely continue.

Qualys Banks on Product Innovation

According to a recently published report, the global device vulnerability management market is estimated to grow 13% annually from $5.97 billion in 2019 to $16.3 billion by the end of 2025. Earlier this week, cloud-based security service provider Qualys (Nasdaq: QLYS) reported its second quarter results that surpassed market expectations.

Cloud Stocks: Atlassian Crosses the Billion Dollar Revenue Milestone

Productivity software provider Atlassian (Nasdaq: TEAM) recently announced its fourth quarter results that surpassed all expectations. This was the first year that Atlassian crossed the $1 billion revenue milestone while generating more than $400 million in free cash flow.

Apple Seeks Life Beyond the iPhones

Apple (Nasdaq: AAPL) recently reported its third quarter results that surpassed market expectations despite a weak performance of the iPhones. Apple is trying to wean itself away from its dependence on iPhone sales and the recent quarter results suggest that it may be succeeding at that. It delivered strong performance on other segments including the

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Google Cloud Gaining Market Share

Earlier last week, Google’s parent Alphabet (Nasdaq: GOOG) reported its second quarter results that surpassed market estimates and sent the stock climbing 8% in the after-hours trading session. This was the biggest one-day gain for Alphabet in the last four years and a pleasant change from the last quarter’s disappointing performance.

IBM Counts on Red Hat for Cloud Growth

Earlier this week, IBM (NYSE: IBM) announced its second quarter results that saw improvement in its Cloud metrics. But the increase in Cloud revenues could not offset the decline in its legacy business.

Cloud Stocks: Netflix Plays with Pricing and Games to Attract Subscribers

As competition from cable players and other channels heats up, Netflix (Nasdaq: NFLX) appears to have stumbled in the recent quarter. In a surprising miss, subscriber growth was lower than estimated for both the domestic and international markets, sending the stock tumbling in the after-hours session.

Cloud Stocks: Domo Counts on Enterprise Revenue for Growth

According to an IDC report published earlier this year, the global revenues for big data and business analytics (BDA) solutions are estimated to grow from $189.1 billion in 2019 to $274.3 billion by 2022 at a CAGR of 13%. Cloud-based provider of BI tools Domo (NASDAQ: DOMO) is seeing strong growth in its revenue.