Cloud Stocks: Salesforce Partners with Workday to Address the New Normal

Earlier this month, Salesforce (NYSE: CRM) announced its first quarter results. While the company managed to outpace market expectations for the quarter, it failed to provide an impressive outlook. The current global economic conditions have impacted the outlook of most companies. Salesforce is no exception.

Cloud Stocks: Splunk Rides High on Cloud Initiatives

Big Data player Splunk’s (NASDAQ: SPLK) cloud bets are paying off. The company recently announced its first quarter results. While the results were not entirely impressive, the market’s pleased with the company’s continued push into cloud services.

Bill.com Counts on Partnerships Amid Covid

Bill.com (NYSE:BILL) went public in December last year. In spite of the recent market turbulence and the global economic conditions, its stock has had a strong run. Since listing, the company’s stock has soared almost 220%.

Intuit Bets Big on AI

Cloud-based accounting and tax preparation software giant Intuit (NASDAQ: INTU) recently announced its third quarter earnings. The global pandemic has hurt the smaller businesses most and with the US tax deadline being extended, the company’s revenues were hurt. But it still managed to surpass market expectations.

Spotify Soars on Podcast Acquisitions

According to the Interactive Advertising Bureau, the global podcast industry is estimated to grow from $479.1 million in 2018 to over $1 billion by 2021. Online music streaming service Spotify (NYSE: SPOT) is already cashing in on this growth.

Cloud Stocks: Palo Alto Networks Continues to Acquire

The increase in work-from-home requirements of organizations has led to a surge in demand for cyber security services. Palo Alto Networks (NYSE:PANW) is witnessing the results of this growth as was evident in its recent result announcement.

Cloud Stocks: Zendesk Struggling Amidst the Downturn

Not all cloud computing stocks have fared well in the current crisis and those serving the SMB segment are seeing a much bigger impact. Zendesk (NYSE: ZEN) recently announced its quarterly results that failed to impress the market with its outlook.

Cloud Stocks: Qualys Expands Cloud Offerings to Soar to New Highs

With organizations shifting to remote working, cloud services security providers like Qualys (Nasdaq: QLYS) are seeing strong performance. The company recently reported its first quarter results that surpassed market expectations. It did provide a weak outlook due to the current conditions, but the market is hopeful of its product lineup and helped the stock climb

Read Full Article »