Billion Dollar Unicorns: Smartsheet Delivers High Growth, But No Profits

Billion Dollar Unicorn Smartsheet (NYSE: SMAR), went public in April this year. Analysts have big expectations from the company given that it has a modest 1% penetration in the cloud-based work management market, that some estimate, is more than a $20 billion opportunity. The company’s recently reported results show strong revenue growth, but profits have remained

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Billion Dollar Unicorns: Upwork Finally Goes Public

As per a recent Morgan Stanley report, freelance workers will account for nearly half of the US workforce within ten years, compared with the current 35% share. The shift in the workforce is attributed to changing demographics, increased digitization, and the adoption of cloud-based services. Earlier this week, Billion Dollar Unicorn Upwork (Nasdaq: UPWK) went

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Billion Dollar Unicorns: Okta Faces Tougher Competition from Cisco

According to a Tech Navio report published earlier this year, the global identity and access management (IAM) market is estimated to grow 13% annually over the next four years. The growth will be driven by the continuing adoption of Bring Your Own Devices (BYOD) in the workplace. The Americas were the biggest market for the

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Red Hat Stumbles, Yet Again

Linux provider Red Hat (NYSE: RHT) continues to deliver disappointing results. Despite missing expectations, the company does not appear worried. It believes that it has hit the “bottom” and things will only grow from here.

Billion Dollar Unicorns: Should Oracle Buy MongoDB?

According to a Market Research Media report published earlier this year, the global NoSQL market is estimated to grow 21% annually to $3.4 billion by 2024. Analysts believe that with unstructured data having surpassed structured data globally, NoSQL will be the primary DBMS platform going forward. Billion Dollar Unicorn MongoDB (Nasdaq:MDB) is already delivering results on

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Proofpoint Expands Through Tie-ups and Acquisitions

Gartner estimates the worldwide enterprise security spending to grow 8% this year to $96.3 billion. As the US gets ready for midterm elections this year, there is growing concern regarding election interference as well. Government agencies and organizations are all gearing towards managing the growing threat of cyber attacks. Sunnyvale, California-based Proofpoint provides cloud-based email

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Is Imperva Just Another Cyber Security Player?

According to a report by Cyber Security Ventures, the global spending on cyber security products and services will grow to more than $1 trillion by the year 2021 from $120 billion in 2017. The growth in the industry will be driven due to the rising pressures of cyber crime. Imperva (Nasdaq: IMPV) has been a player in

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Adobe Making Big Moves in the Martech Industry

Last quarter we were searching for answers to what Adobe (Nasdaq: ADBE) was looking to acquire with its $6 billion cash reserve. This quarter it answered that question by making some big acquisitions. But first, the financials.