Cloud Stocks: Smartsheet Focuses on Partners, and not on ISVs

According to a research by Adroit Market Research, the global enterprise collaboration software market is estimated to grow to $45 billion by 2025. Smartsheet (NYSE: SMAR), a leading provider of these services, is seeing strong demand for its products. The recent pandemic-induced virtual working conditions have accelerated the adoption of these technologies.

Featured Videos

Cloud Stocks: Dropbox Acquires, But Competition Remains Stiff

Dropbox (Nasdaq: DBX) recently announced its fourth quarter results that surpassed market expectations. The company is going strong on acquisitions and product upgrades, but competition continues to remain brutal in the market.

DataStax Needs a Better Positioning in Database-as-a-Service Market

According to a recent report, the global Cloud Database and Database-as-a-Service (DBaaS) market was valued at $10.37 billion in 2019 and is expected to grow at 15.7% CAGR through 2026. DBaaS is a high growth industry and boasts of players like Oracle, MongoDB, AWS, Google, and SAP. DataStax is a niche player in the industry that is trying to find its positioning.

Cloud Stocks: Teradata Trying to Reinvent Itself on the Cloud

According to a Market Research Future report, the global big data analytics market is estimated to grow at 29% CAGR to $132.9 billion by 2026. Teradata (NASDAQ: TDC) is an old player in the market that is trying to reinvent itself on the cloud. The company recently announced its fourth quarter results that shows declining revenues. The company may need to acquire relevant cloud players to turn around.

Cloud Stocks: Okta Targets $25B Customer Identity Market with Acquisition

According to a recent Fortune Business Insights report, the global identity access management (IAM) market is estimated to grow to $24.76 billion by 2026 at a CAGR of over 13%. Corporate identity management services provider Okta (NASDAQ: OKTA) recently announced its quarterly results that surpassed market expectations. Okta also recently made its biggest acquisition, as it strives to make bigger inroads within the customer identity access management (CIAM) market.

Cloud Stocks: BlackLine is Targeting A/R Automation Market

According to a recent Comserve report, the global accounts receivable (A/R) automation market is estimated to grow at 12.7% CAGR over 2020 to 2025. The current pandemic has accelerated the need for an efficient A/R collections process as the A/R management is critical in helping businesses complete their order-to-cash process. BlackLine (NASDAQ: BL) is leveraging its recent acquisition to make inroads in this market.

Cloud Stocks: Veeva Sets an Example, Transitions to a Public Benefit Corporation

According to a Technavio report, the global healthcare cloud computing market is estimated to grow by $25.5 billion or 23% CAGR over the period 2020-2024. Veeva (NYSE: VEEV) recently reported its fourth-quarter results that continued to surpass all market expectations. The company recently transformed into a Public Benefit Corporation, becoming the first public company ever to do so.

Cloud Stocks: Splunk on the Right Track with Cloud and PaaS

Big data player Splunk (NASDAQ: SPLK) recently announced its fourth quarter results that surpassed market expectations. But as the company transitions from an on-premise to a subscription-based cloud software provider, its financials have suffered in the short-term. Revenues have declined year on year and margins remain elusive. But it has made the right moves so far by remaining focused on cloud, subscriptions, and PaaS.

As Expected, Pure Storage Leveraging Portworx Acquisition Successfully

According to a recent report, the global NAND flash memory market is estimated to grow from $46.62 billion in 2020 to $85.36 billion by 2026 at a CAGR of over 11%. Mountain View-based Pure Storage (NYSE: PSTG) recently reported its fourth quarter results that surpassed market expectations.

Cloud Stocks: C3.ai Should Do ISV Focused PaaS

According to a recent report, the global enterprise AI software market is estimated to grow at 24% CAGR from $18 billion in 2020 to reach $44 billion by 2024. Tom Siebel’s C3.ai (NYSE: AI) is a recently listed player in this market, which announced its third quarter results that surpassed market’s expectations.