Billion Dollar Unicorns: Rapid7 to Focus on Profits in Fiscal 2019

A recent Markets and Markets report estimates the global Cybersecurity Market to grow at a CAGR of 11% from $137.85 billion in 2017 to $231.94 billion by 2022, driven by regulatory data protection directives and the need to counter cyber terrorism, coupled with the growing adoption of Internet of Things (IoT) and Bring Your Own Device (BYOD) trends. Billion Dollar Unicorn Rapid7 (Nasdaq: RPD) is counting on this high growth in the industry.

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What is Flipkart’s Game Plan?

Last month, Walmart completed its $16 billion acquisition of a 77% stake in India’s leading online marketplace Flipkart. Since the acquisition was announced in May, Flipkart has been rolling up companies and has also launched a loyalty program to up its game against Amazon. Let’s take a closer look. >>>

Workday Spends Big on Acquisitions

According to a Grand View Research report published earlier this year, the global human resource management market is projected to grow 10.4% annually to $30 billion by 2025. The growth is expected to be driven by the need to replace legacy systems with improved human capital management platforms. Recently, SaaS-based HCM services provider, Workday (NYSE: WDAY) announced its quarterly results that continued to outpace market expectations.

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Billion Dollar Unicorns: HubSpot on a Growth Trajectory

A market research conducted last year expects the $34.3 billion MarTech market in the US and UK to grow 10% in 2018. While the market is dominated by players like Adobe Systems, Oracle, Salesforce, and IBM, there are other smaller Billion Dollar Unicorns like HubSpot that are making their presence felt.

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ForeScout Climbing Steadily

The proliferation of devices in organization these days driven by cloud, mobility, Internet of Things (IoT), and Bring Your Own Device (BYOD) trends has exponentially increased the vulnerability points. The Cyber Security market is projected to grow at 11% CAGR to $231.94 billion by 2022. ForeScout (NASDAQ: FSCT) is a cyber security company that specializes in visibility for endpoint security. It went public about a year ago and since then has seen an uptick in its stock price and valuation. >>>

Salesforce.com Soars as it Counts on AI

Salesforce.com (NYSE: CRM) delivered another stellar performance in the last quarter. But the company couldn’t deliver a promising outlook for the coming quarter. Despite that, the market is pleased with the company and its stock has soared to record high levels.

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What is Intuit’s Most Promising Long-Term Opportunity?

Earlier this week, Intuit’s (NASDAQ: INTU) CEO Brad Smith announced plans to step down after eleven years at the helm. He will exit by the end of the year. During his tenure, Brad has turned around the company from a desktop software provider to a leading cloud-based accounting and taxation subscription service provider. Last quarter results were no different as the company outpaced all market expectations.

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Twitter Focuses on Improving Platform

Social media stocks have had a rough time this year amid rising concerns surrounding fake news. More recently, the stocks were in question as the President accused internet and social media firms of political bias and censorship. Despite the issues, Twitter’s (NYSE: TWTR) stock has managed to deliver a turnaround this year. But the battle is far from over as its management continues to grapple with the problems of uncontrollable fake news.

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Veeva Continues to Soar to New Highs

Cloud-based life sciences solution provider Veeva (NYSE: VEEV) recently announced its second quarter results that outpaced market expectations. The company’s robust performance has helped its stock nearly double since the start of the year.

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Billion Dollar Unicorns: Twilio Shatters all Market Expectations

Cloud computing software vendor Twilio (NYSE:TWLO) has been on a roll. It continues to deliver financial results that outpace all market expectations, driving its stock higher. The stock has witnessed a 220% growth rally during the year.

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