Cloud Stocks: Analysis of GoDaddy’s Dan.com Acquisition

According to a recent report, the number of registered domain names is projected to grow at 7% CAGR to 557.7 million by 2026 from 379.2 million in 2020. Recently, GoDaddy (NYSE: GDDY) reported its first quarter results that failed to impress the market.

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Cloud Stocks: HubSpot’s Marketplace Strategy Continues to Thrive

As sales efforts become more and more digital, companies are switching over to various digital marketing tools to support their sales teams. According to a recent report, inbound marketing costs $14 less per newly acquired customer than traditional marketing tools. Marketers also believe that inbound marketing helps double the average site conversion rate from 6% to 12%. Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its second-quarter results that continued to surpass market expectations. HubSpot is working on adding capabilities to its products and app marketplace to make its inbound marketing services even more effective.

Will Meta’s Bet on Metaverse Pay Back?

The current economic conditions are sparing no one. Earlier last week, Facebook (Nasdaq: META) announced its second quarter results that missed all market expectations. The company also provided a weaker outlook, attributing it to market conditions and continued investment in its growth areas.

Cloud Stocks: Twilio’s Strategy Post Segment Acquisition

According to a recent report, the global CDP market is expected to grow at a CAGR 25% over the next few years to reach $6.94 billion by 2029 from $1.42 billion in 2022. Communications PaaS leader Twilio (NYSE: TWLO) is focusing on building the world’s leading customer engagement platform following its Segment acquisition in 2020.

Zeta Global Charges to $1 Billion Revenue Target

According to a recent research, the global digital advertising market is expected to grow at14% CAGR to reach $786.2 billion by 2026. The pandemic lockdowns had driven significant increase in online traffic, and in turn accelerated the opportunities for companies to keep their target audience engaged through digital marketing initiatives. Zeta Global (NYSE:ZETA) is a leading player in the advertising market that is benefiting from this growth.

Cloud Stocks: Analysis of ServiceNow’s Hitch Works Acquisition

ITSM leader ServiceNow (NYSE: NOW) recently reported results for a mixed second quarter. Uncertain economic conditions and elongated deal cycles have dampened ServiceNow’s outlook for the year. However, its 99% renewal rate and impressive large deal metrics make it an attractive long-term bet.

Reddit Decides to List, Finally

According to a recent eMarketer survey, when it comes to social media sites accessed by the US users, Reddit ranks 8^th with over 46 million users. While Facebook and Instagram are the leaders by a fair margin, Twitter came in close at 56 million users. After staying away from a listing for over 15 years, Reddit appears to be willing to test the stock markets out. Last year, it filed confidentially to go public. It has yet to disclose finer details of the listing though.

Cloud Stocks: Amazon’s Twin Engines of AWS and Prime Make it Resilient

Following a tepid first quarter, tech giant Amazon (NASDAQ: AMZN) has delivered a better than expected second quarter revenue and provided a rosy outlook.

Apple Doesn’t Fear Economic Uncertainty

Earlier last week, Apple (Nasdaq: AAPL) announced its third-quarter results that surpassed market expectations but showed a slowdown in growth for the company.

Cloud Stocks: Microsoft’s Momentum in Commercial and Cloud Keeps it Steady

Last week, Microsoft (NASDAQ: MSFT) reported results for its fourth quarter which missed analyst estimates. This was its slowest quarterly growth since 2020 as worsening foreign exchange rates and weakness in PC demand and advertising spending took a toll. However, it provided a resilient outlook of double digit growth for FY23 based on sustained momentum in its cloud business.