Avant Faces An Uphill Battle

One of the earliest AI FinTech unicorns to cross $1 billion valuation in 2015, Avant is primarily a personal lending startup that uses advanced algorithms and ML to evaluate online loan applications.

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Cloud Stocks: Will Salesforce Acquire DocuSign?

According to a recent report, Salesforce.com (NYSE: CRM) was the leader in the global CRM market with 19.5% market share in 2018. Its closest rival SAP was a distant second with 8.3% market share. Analysts believe that 75% of the global spending on CRM in 2019 will be on SaaS-based products, compared with 73% last year. Earlier this week, Salesforce announced its third quarter results that surpassed market expectations. The market was not too pleased with the outlook though.

Cloud Stocks: Workday Targeting Procure-to-Pay Cycle

Cloud-based financial and human resources enterprise services provider Workday (NYSE: WDAY) recently reported its third quarter results that unsurprisingly surpassed all market expectations. But the company’s outlook for the next fiscal was disappointing and that sent the stock tumbling. Post the result announcement, the stock fell 5% in the after-hours trading session.

Afiniti is Mulling Over the Next Big Step

According to a Markets and Markets report, the global AI industry is estimated to grow at a CAGR of 37% to $190.6 billion by 2025 driven by the continued adoption of image recognition, speech recognition, and data mining services. Washington DC-based Afiniti is a Unicorn player in this space that is expected to list soon.

Cloud Stocks: Palo Alto Targets $5B Revenue by 2022

Cyber security player Palo Alto Networks (NYSE:PANW) recently announced its first quarter results that outpaced market expectations. The company has had a strong run this year, with its stock growing 20% during the year. But a weak outlook for the second quarter sent its stock tumbling 11% in the after-hours trading session post result announcement.

Cloud Stocks: VMware Builds Up With Acquisitions

Virtualization giant VMware (NYSE: VMW) recently announced a strong third quarter that beat estimates. Over the past few years, VMware has made several acquisitions that have now been integrated into its portfolio.

Checkout.com Keeps its Growth Targets in Check

According to a Valuates report, the global payments market is expected to grow 8% annually over the next few years to $2 trillion by 2025. The market is dotted by several financial services institutions as well as dedicated payments processing firms such as Adyen, PayPal, and others. London-based Checkout.com is a smaller player that is making big waves in the market.

Cloud Stocks: Intuit’s QBO Scores Big

Intuit last week reported a strong first quarter that beat analyst estimates driven by 41% growth of QuickBooks Online (QBO) in its Small Business and Self-Employed Group segment.

Cloud Stocks: Splunk Bets Big on Data Streaming

According to a Grand View Research report, the global Big Data as a Service (BDaaS) market is estimated to grow to $51.9 billion by 2025 at a CAGR of 38.7%. Big Data player Splunk (NASDAQ: SPLK) recently announced its third quarter results that continued to surpass market expectations.

Anduril Uses AI to Secure Borders

Virtual reality wunderkind Palmer Luckey has had a checkered past. He was responsible for setting up Oculus and selling it to Facebook. But soon after, he was involved in the controversy involving trade secret violations surrounding the development of Oculus. That was soon followed by news of his political donations for anti-Hilary campaigns. While there is no confirmation, there is strong belief that his political beliefs were the cause for his exit from Facebook.