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Cloud Stocks: Smartsheet Looking up to Enterprise Customers for Growth
Earlier this week, Seattle-based Smartsheet (Nasdaq: SMAR) announced its fourth quarter results that surpassed market expectations. Despite the recent turmoil in the stock market, the results helped the stock climb 1% in the after-hours trading session.
Cloud Stocks: DocuSign Resilient to COVID-19
According to a Fortune Business Insights report, the global digital signature market is estimated to grow to $6.1 billion by the end of 2026 from $879.6 million in 2018. DocuSign (Nasdaq: DOCU), a leading player in the market, recently announced its quarterly results that beat estimates.
Cloud Stocks: Xero Focuses on a PaaS Strategy
According to a Market Study report published last year, the global cloud-based accounting software market is estimated to grow at 9% CAGR to reach $4.32 billion by 2024 from $2.63 billion in 2019. New Zealand-based Xero (ASX:XRO) is tapping into this market by focusing on a PaaS strategy.
Paycom’s Mobile Initiatives Drive Growth
According to a BlueWeaveConsulting report, the global payroll and HR solutions and services market is expected to grow at 9.5% CAGR to $43 billion by 2026 driven by the continued adoption of cloud-based technologies in enterprises. Paycom (NYSE:PAYC) recently announced its fourth quarter results that surpassed market expectations.
Square Cashes in on Cash App
Square’s (NYSE: SQ) CEO Jack Dorsey is having a tough time these days. A recent activist shareholder action had investors questioning his dual role as the CEO of Twitter and Square. For now, the management appears to have brokered peace.
Cloud Stocks: Okta Benefiting from App Diversity
According to a recent Fortune Business Insights report, the global identity and access management (IAM) market is estimated to grow from $9.5 million in 2018 to $24.8 billion by the year 2026. Recently, Okta (Nasdaq: OKTA) announced its fourth quarter performance that surpassed market expectations.
Cloud Stocks: Splunk Should Open up About its PaaS Metrics
According to a Research and Markets report, the global Big Data-as-a-Service market is estimated to grow at 25% CAGR to $46.82 billion by 2025 from $13.12 billion in 2019. Big data player Splunk (NASDAQ: SPLK) recently announced its fourth quarter results that delivered a mixed reaction.
Cloud Stocks: Five9 Strengthens its PaaS Focus
According to a recent Research and Markets report, the global cloud-based contact center market is estimated to grow at 25% CAGR to $49.12 billion by 2025 from $13.17 billion in 2019. Five9 (Nasdaq: FIVN), a leading provider of cloud software for contact centers, recently announced its fourth quarter results that surpassed market expectations.