Cloud Stocks: ON24 Goes Public with $42B TAM as Covid Puts Webinars and Virtual Events Front and Center

According to a recent report, The Global Digital Experience Platform (DXP) market is expected to grow at 11% CAGR to $15.7 billion by 2025. San Francisco-based ON24 is a leading player within the space that recently went public.

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Facebook is Unscathed Despite Public Backlash

The recent Capitol riots have sparked a lot of controversy and public interest in the social media stocks. Privacy and content sharing policies across platforms like Facebook (Nasdaq: FB) have become a matter of national interest. During the quarter, Facebook has had to take a strong stand on its political policy – a rare move by the company.

Cloud Stocks: PaaS Strategy Makes Unity IPO Soar

Analysts estimate that the global online gaming industry will grow from $152 billion in 2019 to $196 billion by the year 2022 at a CAGR of 9%. Mobile gaming share is estimated to grow from 45% in 2019 to just under 50% by 2022. During the same period, console gaming share is expected to remain mostly flat at 31% while PC gaming share is expected to decline from 23% to 20%.

Cloud Stocks: Atlassian Makes over $100M in PaaS in 2020

Last week, Atlassian (NASDAQ: TEAM), a leading provider of team
collaboration and productivity software, reported its second quarter results that surpassed estimates. Atlassian has been focusing on becoming a cloud-first company and recently announced a three-year migration path to the cloud for on-premises customers.

Analysis of Apple’s AppStore Business and More

Earlier this week, Apple (Nasdaq: AAPL) announced another blowout quarter. While the pandemic has curtailed sales in physical stores, Apple’s continuous product upgrades has helped it accelerate its sales significantly.

Cloud Stocks: DocuSign Leverages AI in Product Innovation

According to a recent report, DocuSign (NASDAQ: DOCU) is the leader in the e-signature market with more than 70% of the global digital signature and document services market. The continued pandemic and lockdown conditions have helped it remain in lead. The company recently announced its quarterly results that continued to outpace market expectations.

Cloud Stocks: Bill.com Focuses on Mobile and AI

The continuing pandemic conditions are driving up demand for services such as those offered by Bill.com (NYSE:BILL). Bill.com listed last December and despite uncertain times, it continues to see its stock soar.

Cloud Stocks: Box Knows it’s All About PaaS

According to a Verified Market Research report, the global enterprise collaboration market was valued at $29.45 billion in 2019 and is projected to grow to $53.26 billion by 2026 at a CAGR of over 8%. However, the recent COVID-19 driven virtual working conditions have accelerated the growth in this market. Box (NYSE: BOX) continues to add capabilities and integrations to its offerings to meet this growing demand.

Cloud Stocks: IBM Trying and Failing to Reignite Growth

IBM (NYSE: IBM) reported its fourth-quarter results this week that continued to miss the market’s expectations on revenues. It is acquiring several cloud and AI-focused organizations to fuel its primary growth engine. But the transformation is taking longer than the market appears to have patience for. Its stock fell 7% in the after-hours trading session post the result announcement.

Cloud Stocks: Cloudera Grows Through Acquisition

According to a Research and Markets report, the global Hadoop market was valued at $26.74 billion in 2019 and is projected to grow at 38% CAGR to $340.35 billion by 2027. Cloudera (NYSE: CLDR) is a leading player in the market that continues to deliver strong quarterly results. The company has been expanding its offerings by adding new products and acquiring smaller players.