Cloud Stocks: Potential Buyers for Nutanix

According to a recent report, the enterprise cloud computing market is expected to grow 18% annually over the next few years to reach $1.25 trillion by 2027 from $545.8 billion in 2021. Nutanix (Nasdaq: NTNX), recently announced its first quarter results that outpaced market expectations.

Featured Videos

Analysis of Palo Alto Networks’ Cider Security Acquisition

According to a recent report, the global cyber security market is estimated to grow at 10% CAGR from $216.11 billion industry in 2021 to reach $478.68 billion by the year 2030. Security player Palo Alto Networks (NYSE:PANW), which recently announced its quarterly results, continues to expand its presence through acquisitions.

GoDaddy Pushes for Commerce Solutions in its Offerings

GoDaddy (NYSE: GDDY) recently reported its third quarter results that failed to impress the market. The company remains focused on profitability, but the slowdown of the global economy has hurt its outlook for the current quarter and the year.

Cloud Stocks: Analysis of Qualys’s Blue Hexagon Acquisition

According to a recent report, the global cloud security market is projected to grow at 18% CAGR from $29.26 billion in 2021 to reach $106.02 billion by 2029. Cloud services security provider Qualys (Nasdaq: QLYS) recently announced its stellar quarter results.

Cloud Stocks: Analysis of Bill.com’s Acquisition

Bill.com (NYSE:BILL), a leading cloud-based provider of financial services for SMBs, recently announced its first quarter results. Despite the current economic conditions, Bill.com had a very rosy outlook for the second quarter, exceeding market’s expectations.

Cloud Stocks: Hubspot Manages to Grow Customer Base Amidst Market Turmoil

Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its third-quarter results that continued to outpace market expectations. The company is seeing strong headwinds due to the macro economic conditions, but the company is confident of its growth in the coming quarters.

Cloud Stocks: Atlassian’s Cloud Growth Slows Down

Enterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its first quarter results. While the past quarter was a mixed report card, its significantly weak outlook sent its stock falling. In the after-hours trading session, the company lost $13 billion of its valuation.

Cloud Stocks: Freshworks Faces Growing Competition from AI-Focused Support Services Providers

San Mateo-based Freshworks (Nasdaq: FRSH) is focusing on deploying AI capabilities across all its offerings. It recently reported its quarterly results that outpaced market expectations. The overall economic conditions resulted in a weaker outlook.

Cloud Stocks: Twilio’s Solutions Target Customer Lifetime Journey

According to a recent report, the Unified Communications as a Service (UCaaS) market is estimated to grow 10% CAGR to reach $44.7 billion by 2030 from $20.4 billion in 2022. Communications PaaS player Twilio (NYSE: TWLO) recently announced its third quarter results that surpassed market expectations. But a weaker outlook has sent the stock tumbling.

Shopify Upsells to Merchants Amid eCommerce Slowdown

Earlier last month, Ontario-based Shopify (NYSE:SHOP) announced its quarterly results that outpaced market expectations. Despite the growing economic uncertainty, Shopify continues to invest in product upgrades to help merchants grow their business on its platform. As the recessionary conditions put pressure on the growth of e-commerce, Shopify’s investment into merchant focused products will help it continue to grow.