ZScaler Focuses on AI Capabilities for Market Growth

Global secure access service edge (SASE) market is projected to grow 26% annually to $4.1 billion by 2026 from $1.2 billion in 2021. Cloud security provider Zscaler (NASDAQ: ZS) recently reported its second quarter results that outpaced market expectations.

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Cloud Stocks: Veeva Believes R&D Segment Will Deliver under Economic Uncertainty

According to a recent report, the global healthcare cloud infrastructure market is estimated to grow at 16% CAGR from $48.1 billion in 2021 till 2030. The growth will be driven by the continuing trend of digitalization of healthcare, the integration of advanced AI/ML algorithms, cloud deployment of healthcare systems, and the need to control rising expenditure, inefficient facility management, and overburdened systems. Veeva (NYSE: VEEV) recently announced its quarterly results that beat analyst estimates. Affected by global economic conditions, its outlook failed to meet market expectations.

Cloud Stocks: Nutanix’s Subscription Model Delivers Results

Enterprise cloud computing player Nutanix (Nasdaq: NTNX) recently announced its fiscal year results that outpaced market expectations. The company’s strong performance helped drive the stock 21% higher in the after-hours trading session.

Cloud Stocks: Workday Grows Strong Despite Recession

Enterprise services provider Workday (NASDAQ: WDAY) recently announced its second quarter results that continued to surpass market expectations. While some other tech companies have struggled, Workday’s performance and outlook continued to impress the market. The stock grew 11% in the after-hours trading session.

Cloud Stocks: Salesforce Targets Vertical Focused Offerings to Battle Economic Conditions

Salesforce (NYSE: CRM) recently announced its second quarter results that continued to surpass market expectations. But its weaker than expected outlook caused concern as the global recessionary conditions appear to be hitting the tech giants as well.

Cloud Stocks: Okta Struggles with Auth0 Integration

Earlier this week, corporate identity management software company Okta (NASDAQ: OKTA) announced its second quarter results. While the performance outpaced market expectations, its weaker outlook failed to impress the market. The stock fell 10% in the after-hours trading session driven by the troubling outlook, and the continuing issues faced by the company in integrating its Auth0 acquisition.

Cloud Stocks: Atlassian’s Ecosystem Strategy Keeps it Steady

Recently, Atlassian (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, reported results for a strong fourth quarter that surpassed estimates. Its outlook also exceeded estimates. 

Cloud Stocks: Palo Alto Network’s Transformation Strategy Delivers Results

According to a recent report by Fortune Business Insights, the global cyber security market is projected to grow at 13% CAGR to reach $376.32 billion by 2029 driven by significant adoption of AI and ML capabilities. Security player Palo Alto Networks (NYSE:PANW) is counting on its ability to continue to transform and innovate to expand its market share in the industry.

Cloud Stocks: ON24 Targets $44 Billion Addressable Market

According to a recent report, the global digital experience platform market is expected to grow at 12% CAGR from $10.11 billion in 2021 to reach $25.03 billion by 2029. San Francisco-based ON24 (NYSE: ONTF) continues to expand its footprint in the market through its product upgrades.

Decacorns: Analysis of Gusto’s Acquisitions

According to a recent report, the global cloud-based payroll software market is estimated to grow at 6% CAGR from $11.6 billion in 2021 to reach over $16.8 billion by 2027. San Francisco-based Gusto recently entered the Decacorn club in this space.