Billion Dollar Unicorns: Proofpoint Steadily Building Through Acquisitions

According to a Markets and Markets research report, the global cyber security market is expected to grow at a CAGR of 10.2% from $152.71 billion in 2018 to $248.26 billion by 2023. The growth is expected to be driven by the growing need for cloud-based solutions among SMBs. Sunnyvale-based Proofpoint (Nasdaq: PFPT) is a cloud-based enterprise email security, e-discovery, and compliance service provider that continues to see strong revenue growth.

>>>

Featured Videos

Cloud Stocks: Tableau Grows Through Small Acquisitions

According to a report published late last year, the global Data Visualization Applications Market is expected to grow at 10% CAGR by 2026. The growth is expected to be driven by the healthcare industry as it leverages the application of MRI in several medical areas including cardiology, radiology, and oncology. Recently, Billion Dollar Unicorn Tableau (NYSE: DATA) announced its fourth quarter results but its weak outlook failed to impress the market.

>>>

What Will eBay do to Calm Down Investors?

For the past few years, eBay (Nasdaq: EBAY) has been trying several strategies such as improving customer experience, search features, and improving seller capabilities to deal with Amazon’s might. But none of them seem to have worked for it as its growth has continued to slow down. For the recently reported quarter, eBay beat market expectations and even tried to lure the investors with the promise of a dividend. But they aren’t pleased and have initiated activist actions.

>>>

Cloud Stocks: Zendesk and Freshworks Follow Different Acquisition Strategies

According to a recent Market Research report, the global Helpdesk Automation Market is expected to grow to more than $10 billion by 2022, recording an annualized growth rate of 32% over the next few years. Earlier this week, Billion Dollar Unicorn Zendesk (NYSE: ZEN) reported its fourth quarter results that surpassed all market expectations and sent the stock soaring to year-high levels.

>>>

The Seattle Wars: Who Will Win the Cloud?

Amazon (NASDAQ: AMZN) recently reported its fourth quarter results that beat analyst estimates. However, AWS, its cloud segment failed to impress analysts. >>>

Google Surpasses Expectations, But Investments Hurt Profits

Earlier this week, Google’s parent Alphabet (Nasdaq: GOOG) reported its fourth quarter performance. While the company surpassed market expectations for the quarter, rising costs and lower advertising prices are hurting its profits. The market was not happy, and in the after-hours trading session, the stock fell 3%.

>>>

Cloud Stocks: ServiceNow Grows Through Addition of Capital-Efficient Startups

According to researchers, the global IT Service Management applications market is expected to grow at nearly 10% annually to $2.8 billion by 2022 from $2.6 billion in 2017. ServiceNow (NYSE: NOW) is the leading vendor in the market followed by Atlassian Software. ServiceNow’s market share is estimated to have grown 42% in 2017.

>>>

Facebook’s Growth Continues Despite Growing Controversies

Facebook (Nasdaq: FB) had a tough 2018 as it dealt with several concerns on privacy, fake news, and emotional well-being of its users. The stock had soared to a record high last summer before it reported a decline. It still hasn’t recovered to its former glory, but 2019 is proving to be more promising so far. Its recent fourth quarter result announcement sent the stock climbing nearly 11% in a single day – making it the biggest single day climb recorded by the company in the last two years.

>>>

What Startups Might Broaden Apple’s Services Push?

Early this month, Apple (NASDAQ: AAPL) CEO Tim Cook had warned of a bleak first quarter, the first-ever decline in a holiday quarter due to decline in Greater China. Last week, Apple announced the details of its earnings. The bright spot in its earnings was its performance in Services. >>>

Microsoft versus Amazon: What Acquisitions Could Move the Needle?

Earlier this week, Microsoft (Nasdaq: MSFT) reported a mixed quarterly result. While revenues missed the market’s forecast, it managed to deliver a slight earnings beat. Its cloud business continued to deliver growth, but Microsoft Azure’s performance failed to impress.

>>>