Cloud Stocks: Medallia Banks on Acquisitions

According to a recent report by Market Research Future, the global customer experience management market is estimated to grow at 22% CAGR to reach $18 billion by 2023. Earlier this year, Palo Alto-based Medallia (NYSE: MDLA), a leading player in the industry, went public. Its stock has had a tumultuous run so far. But the company isn’t too worried as it continues to consolidate in the industry with several acquisitions.

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ezCater Targets International Expansion

According to a report by Technomic, the US catering market was worth $58 billion in 2017. Business to business catering (B2B) accounted for nearly $22 billion or 38% of the industry. Social catering or B2C contributed to the remaining $36 billion or 62%. B2B catering market has grown by over 20% annually since 2014.

Indigo Ag a Disruptor in AI AgTech

This year’s CNBC Disruptor 50 was topped by an AI unicorn in the field of AgTech called Indigo Ag. With the use of artificial intelligence, it enables better forecasting and transparency and aims to make farming less of a commodity business and more reliably profitable.

Argo AI Autonomous Vehicles Expand Globally

According to a recent report, the global self-driving car market is expected to grow 36% annually over the next few years to $173.15 billion by 2023. In the coming years, the acceptance of the technology by governments will be on the rise, resulting in industrial applications of autonomous driving technology. Pittsburgh-based Argo AI is among the leading vendors in the space.

UiPath Expands AI and Cloud Offerings

According to Gartner, the global Robotic process automation (RPA) software market grew 63.1% in 2018 to $846 million. This was the fastest-growing segment of the global enterprise software market. Gartner expects the market to grow to $1.3 billion this year as organizations continue to meet business demands through digitization efforts.

Xactly Banks on AI for SPM

According to a recent report, the global sales performance management (SPM) market is estimated to grow 17% annually over the next few years to become a $9.34 billion industry by 2023. San Jose-based Xactly is a leading player in the market that was acquired by Vista Equity Partners in 2017 after it went public in 2015. Despite the upheaval, Xactly has continued to deliver strong growth.

Cloud Stocks: Dropbox on a Rocky Road

Dropbox (Nasdaq: DBX) went public last year, but since then, it has had a tumultuous year. Despite beating analyst expectations on performance, its stock price has fallen. Today, the company is trading at nearly 5% lower than its list price. Analysts aren’t convinced that things will improve soon either.

Cloud Stocks: Coupa Aims for $1B Revenue

San Mateo-based business spend management firm Coupa (Nasdaq: COUP) recently reported a strong second quarter that surpassed estimates. Its stock has more than doubled in value this year.

Cornerstone Counts on Content and Product

According to a Zion Market Research report, the global talent management software market is estimated to grow 10% annually to $10.9 billion industry by the year 2025 from $5.6 billion in 2018. Santa Monica-based Cornerstone OnDemand (Nasdaq: CSOD) recently announced its second quarter results that surpassed market expectations.

Nutanix Banks on Subscriptions and Containers

Enterprise cloud computing player Nutanix (Nasdaq: NTNX) has had a roller coaster year so far. The stock has lost nearly 40% in value since the start of the year. It has been transitioning to a subscription-based model, but the path has not been easy. The recently reported quarterly results surpassed market expectations and helped the stock climb a bit.