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Has Zoom Stock Peaked?

Posted on Friday, Jun 5th 2020
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The current Covid crisis has been particularly beneficial for online video conferencing player Zoom Video Communications (Nasdaq: ZM). With organizations, both small and big, and educational institutions globally resorting to remote working and remote learning techniques, Zoom’s revenues have grown to record highs. The market is pleased with the company and its stock has soared more than 200% since January this year.

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

Posted on Thursday, Jun 4th 2020

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.

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Cloud Stocks: Splunk Rides High on Cloud Initiatives

Posted on Wednesday, Jun 3rd 2020

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.

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Bill.com Counts on Partnerships Amid Covid

Posted on Tuesday, Jun 2nd 2020

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%.

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Cloud Stocks: Workday Extends its PaaS Strategy

Posted on Monday, Jun 1st 2020

SaaS-based financial and human resources enterprise services provider Workday (NASDAQ: WDAY) recently reported results for a strong first quarter that beat estimates. It was also its first ever $1 billion revenue quarter.

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Intuit Bets Big on AI

Posted on Friday, May 29th 2020

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.

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Spotify Soars on Podcast Acquisitions

Posted on Thursday, May 28th 2020

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.

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Cloud Stocks: Palo Alto Networks Continues to Acquire

Posted on Wednesday, May 27th 2020

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.

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Cloud Stocks: Alteryx Bounces Back Despite Low Outlook

Posted on Tuesday, May 26th 2020

Data science and analytics platform provider Alteryx (NYSE: AYX) early this month reported a strong quarter with revenue growth of 43%, but it swung to a loss and missed analyst earnings estimates. The company also experienced a sudden and significant change in customer behavior in March due to the COVID-19 situation. As a result, its quarterly outlook was disappointing, and its stock slid before recovering to pre-earnings levels.

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Cloud Stocks: Zendesk Struggling Amidst the Downturn

Posted on Friday, May 22nd 2020

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.

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