Cloud Stocks: Analysis of Coupa’s LLamasoft Acquisition

The pandemic conditions have forced all organizations – big and small – to look at their expenses more closely. Organizations are reaching out to business spend management services providers to create efficient financial models. San Mateo-based Coupa (Nasdaq: COUP) is benefiting from its cloud-based model that helps these organizations manage spend. It is also adding AI capabilities to its portfolio to stay ahead of the curve.

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Cloud Stocks: Analysis of Pure Storage’s Portworx Acquisition

According to a recent report, the global 3D NAND Flash Memory market size is projected to grow at 21% CAGR to $47.8 billion by 2026 from $15.54 billion in 2020. Mountain View-based Pure Storage (NYSE: PSTG) recently reported its third quarter results that surpassed market expectations. The company is transitioning to a subscription-based model for storage to drive growth.

Cloud Stocks: nCino’s AI Products Help it Soar

Earlier this year, cloud-based FinTech company nCino (Nasdaq: NCNO) went public. nCino helps accelerate digital journeys for financial institutions across the globe and its recent AI-based products are helping its stock soar despite the current turbulent conditions.

Cloud Stocks: Adobe Acquires to Address Growing Market Opportunity

Adobe (NASDAQ: ADBE) recently reported its quarterly results that outpaced market expectations. The company continues to drive acquisitions and product innovations to address a $147 billion total addressable market opportunity.

MongoDB – Oracle’s Missed Opportunity

Database-as-a-Service provider MongoDB (Nasdaq: MDB) recently reported its third quarter results that surpassed market expectations. The stock gained 8% in reaction to the result announcement.

Cloud Stocks: Can Okta Keep the Momentum Going?

According to a recent report by Verified Market Research, the Global Identity and Access Management Market is estimated to grow at 13% CAGR from $11.8 billion in 2019 to reach $29.8 billion by 2027. The continuing global lockdown conditions and the adoption of cloud computing technologies are driving the stellar growth in the industry. Okta (NASDAQ: OKTA) is witnessing the benefits of this growth first hand.

Qualys Should Focus on a PaaS Strategy

Earlier this month, cloud services security provider Qualys (Nasdaq: QLYS) announced its third quarter results that continued to impress the market. Qualys continues to invest in product development to gain bigger traction in the market.

Cloud Stocks: Palo Alto Networks Has Missed the Window to Buy Zscaler

According to a recent report, the global enterprise cyber security market size is estimated to grow 7% annually over the next few years to become a $177.5 billion industry. The industry was pegged at $107.8 billion last year. Security players like Palo Alto Networks (NYSE:PANW) and Zscaler (NASDAQ: ZS) are seeing significant growth in their revenues and investing in product upgrades, partnerships, and acquisitions to help cash in on the trend.

Cloud Stocks: Veeva Sees Customer Momentum

According to a Research and Markets report, the global healthcare cloud computing market is expected to grow at 17% CAGR to $51.9 billion by 2024 as companies continue to adopt big data analytics and IoT in healthcare. Veeva (NYSE: VEEV) recently reported its quarterly results that continued to surpass all market expectations.

Cloud Stocks: Splunk is on a Shopping Spree

Big data player Splunk (NASDAQ: SPLK) recently announced its third quarter results that failed to impress the market. The company has been on an acquisition spree to add several companies that complement its focus on building one of the most comprehensive observability offerings in the industry.