Social media stocks like Twitter (NYSE: TWTR) have been in the news recently as they went to court to present their side of the story regarding Russian involvement in the US elections. Twitter also made some news earlier last month when it delivered a quarterly performance that outpaced market expectations. But the worst is hardly
The recent quarterly results by tech giants Amazon, Microsoft, and Alphabet (Nasdaq: GOOG) helped drive the Nasdaq to the best gains of the year. Post their result announcements, the Nasdaq climbed 2% in the day – its biggest climb this year – as the stocks themselves climbed to their record highs.
Microsoft (Nasdaq: MSFT) recently announced its first quarter results and the performance blew past all market expectations. Microsoft continued to deliver stellar growth in the Cloud segment, instilling additional confidence in the market. Post the result announcement, its stock climbed to record high-levels, once again.
Earlier this week, ITSM provider ServiceNow (NYSE: NOW) reported its third quarter results that surpassed market expectations. But the market was not pleased with the performance and the stock slid nearly 5% post the announcement. It is a small bump considering that the stock has climbed nearly 60% since the start of the year.
According to Gartner, the global cloud-based security services market is estimated to grow 21% this year to $5.9 billion and $9 billion by the year 2020. The growth is expected to be driven by small and mid-sized businesses as they are becoming increasingly aware of security threats. Billion Dollar Unicorn player Proofpoint is helping manage email-based attacks as
Earlier this year, I had observed how it may be a while before we see the IPOs for ride-sharing apps like Uber and Lyft. For Uber, that prophecy appears to be holding good considering the widespread scandals surrounding the company with reference to its corporate culture and business practices. But, recent reports suggest that Lyft
According to a report by the Space Foundation, the global space market was worth $329 billion in 2016 with commercial space activities accounting for 76% of the spend. Los Angeles-based Rocket Lab is a new entrant to the Billion Dollar Unicorn club within the space industry.
According to a MarketsandMarkets report, the global Big Data market is projected to grow from $28.65 billion in 2016 to $66.79 billion by 2021. That translates to an annual growth rate of more than 18% over the projected five-year period. The growth in the industry is helping drive expansion in emerging non-row and column-based databases