Qualys Uses Free Products to Retain and Grow Subscribers

Cloud-based security service provider Qualys (Nasdaq: QLYS) continues to surge past market expectations. The recently reported quarterly results were significantly better than the Street’s forecast, yet again.

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Apple’s Subscription Services Bet Paying Off

Apple (NASDAQ: AAPL) last week reported results that surpassed all expectations driven by strong performance from its Wearables and Services segments. Its stock hit a record high following the results and Apple is now a $1 trillion company.

Facebook’s Stance on Political Advertising in Stark Contrast with Twitter

Despite the various antitrust, privacy, and FTC issues that Facebook (Nasdaq: FB) is dealing with, it recently announced a stellar third quarter performance. The better than expected revenue and earnings results helped the stock climb 2% in the after-hours session.

Proofpoint Expands Partnerships

According to a Mordor Intelligence research report, the global cyber security market is estimated to grow 14.5% annually over the next few years to $267.7 billion by the year 2023. The growth in the industry is expected to be driven by the adoption of IoT, Bring-your-own-device, AI, and machine learning technologies in the coming years. San Francisco-based Proofpoint (Nasdaq: PFPT) recently announced its third quarter results that benefited from this high growth rate.

Cloud Stocks: Will Google Acquire Fitbit?

This quarter has been one where most technology giants have delivered mixed results. Google’s parent, Alphabet (Nasdaq: GOOG), is no exception. Its recently reported third quarter revenues outpace market estimates, but continued investments in its cloud strategy resulted in a lower than expected earnings result. The market wasn’t too pleased, and the stock fell 1% in the after-hours session.

Cloud Stocks: ServiceNow CEO Change Signals Focus on Acquisitions

ServiceNow (NYSE: NOW) recently announced its third quarter results that surpassed market expectations and sent the stock climbing 7% in the after-hours trading session. ServiceNow also announced a change in leadership, and investors believe that the company’s growth will continue under the new leader.

Cloud Stocks: Amazon’s Faster Shipping Hurting its Earnings

It was a surprising quarter for Amazon (NASDAQ: AMZN). For the first time in more than two years, the company saw its earnings fall. The market was clearly not impressed, and the stock fell 7% in the post announcement trading.

Investors Expect More From Microsoft’s Cloud

According to Canalys, the worldwide spending on cloud infrastructure services grew 38% over the year in the second quarter of the year to $26.3 billion. Amazon remains the leader in the market with a 31.5% market share. Microsoft (Nasdaq: MSFT) is a distant second with 18.1% market share. Microsoft is driving hard on its cloud initiative. Its recent quarterly results surpassed expectations on all fronts but failed to surpass the strong cloud expectations set by the market. Despite the overall impressive results, the stock did not move much.

Scale AI Simplifies Data Labeling To Reach Unicorn Status

According to a Markets and Markets report, the global AI market is estimated to grow at 37% CAGR to reach $190.6 billion by 2025. The growth in the industry is expected to be driven by the growing adoption of cloud-based applications and services and the growth of intelligent virtual assistants and big data. San Francisco-based Scale AI is a Unicorn in the market that is helping promote the growth and adoption of AI-based technology.

Cloud Stocks: SAP Riding High on the Cloud

Earlier this week, ERP giant, SAP (NYSE: SAP) announced its third quarter results that surpassed market expectations and sent the stock climbing. The market is very pleased with SAP’s strong cloud initiatives.