RingCentral’s Winning Formula Involves Partnerships

Cloud-based communication services provider RingCentral (NYSE:RNG) has had a stellar year so far. Its stock has nearly doubled since the start of the year and the continuing partnerships don’t seem to be stopping it.

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Cloud Stocks: Rapid7’s Focus on Cloud SIEM Pays Off

Early this month, Rapid7 (NASDAQ:RPD), a leading provider of security analytics and automation, reported a strong quarter that beat market estimates yet again for the four times in a row.

Eventbrite Needs to Find Acquisitions

According to an IBIS World report, the online event ticket sales in the US market are expected to grow 6% to $10.3 billion this year. San Francisco-based, Eventbrite (NYSE:EB) recently reported its third quarter performance that delivered mixed results.

Shopify Focuses on Capital Heavy Fulfillment Network

Ontario-based Shopify (NYSE:SHOP) has had a stellar run so far. For the year, the company’s stock has almost doubled. But the recent earnings results were a bit of a disappointment. While revenues continue to outpace market expectations, higher than anticipated spend for international expansion steered the company into a loss. Its stock fell 4% in the after-hours trading session post the result announcement.

Twitter Struggles, Yet Again

The market appears to have lost patience with Twitter (NYSE: TWTR). Recently the company reported its third quarter results that failed to meet market expectations and sent the stock plummeting 19% in the after-hours trading session.

Cloud Stocks: BlackLine Partners with Google Cloud

Cloud-based financial software provider BlackLine (Nasdaq: BL) continues to win several accolades for both its product and overall growth. For the tenth year in a row, it made it to Deloitte’s list of 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America. It was also the leader in Gartner 2019 Magic Quadrant for Cloud Financial Close Solutions. And, to top it all, its recent financial results continued to outpace market expectations.

eBay to Foray into Fulfillment

eBay (NASDAQ: EBAY) recently reported its third quarter results. Its GMV declined in the US and it missed revenue estimates. While the new internet sales tax laws are partly to blame, increasing competition is also a tough challenge for eBay.

Zendesk Faces Investor Ire, Freshworks Prepares for IPO

Helpdesk automation service provider Zendesk (NYSE: ZEN) recently announced its third quarter results that surpassed market expectations. The company continues to invest in growing its market reach even as it faces the ire of its investors.

Cloud Stocks: HubSpot Focuses on Its Platform

Earlier this week, inbound marketing specialist HubSpot (NYSE:HUBS) reported its third quarter results. While the quarter’s performance outpaced market expectations, a rather lackluster outlook failed to impress the Street. Its stock fell 6% in the after-hours trading session post the announcement of the results.

Pluralsight Growing Through Large Partnerships

A Global Markets Insight report published earlier this year estimates the global e-learning market to grow 7% annually to over $300 billion by 2025. The academic sector is expected to grow at over 50% CAGR and the corporate or enterprise segment is expected to grow at 8%. Cedar Valley, Utah-based Pluralsight (Nasdaq: PS), a leading player in the market recently reported its stellar third quarter results.