Cloud Stocks: Analysis of Splunk’s PaaS Strategy

Big data player Splunk (NASDAQ: SPLK) continues to focus on its cloud bets. But the company is failing to deliver in the shorter term. It recently announced its second quarter results which failed to meet market expectations. Its outlook fell short as well, but its cloud metrics continue to impress the market.

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Cloud Stocks: Palo Alto Continues to Acquire

The rising remote working trend is translating to an increased need for stronger security globally. Security players like Palo Alto Networks (NYSE:PANW) are benefitting from this transition as was evident in its quarterly performance. The company continues to acquire even in the current climate.

Cloud Stocks: Okta Expands Alliances to Attract Enterprises

The global work from home conditions have increased the need for IT teams to ensure higher safety and security of their digital assets. Corporate identity management software company Okta (NASDAQ: OKTA) is benefitting from this transition as was evident in its second quarter results.

Cloud Stocks: Analysis of Five9’s PaaS Strategy

The current conditions are turning out to be very favorable for cloud-based contact center companies like Five9 (Nasdaq: FIVN). Organizations are investing in digital transformation to manage workforce remotely and are recognizing the critical nature of business continuity plans for their contact centers. They are accepting that cloud solutions can meet this need better than on-premises solutions. Additionally, contact center agents are no longer just support desks but are moving to the forefront of the customer experience. Traditional brick-and-mortar jobs such as retail sales are also migrating to contact center delivery models as organizations see this as an opportunity to diversify geographical presence, and to access a wider talent pool.

Cloud Stocks: VMware Continues Buying Spree

Virtualization infrastructure provider VMWare (NYSE:VMW) recently announced its second quarter results that surpassed market expectations. It experienced strong momentum in its SaaS portfolio that offset the decline in its on-premise portfolio.

Cloud Stocks: Intuit Continues to Acquire

Tax software provider Intuit (NASDAQ: INTU) recently announced its fourth-quarter earnings that surpassed market expectations. The company is continuing to build on its products internally and through acquisitions to drive growth.

Cloud Stocks: Way to Go, Salesforce

It has been another stellar quarter for Salesforce (NYSE: CRM). It announced its second quarter results this week, and what a blowout quarter it was. The company surpassed all market expectations and revised its fiscal year revenue targets upwards despite current pandemic conditions. Earlier this week, Salesforce was also added to the Dow Jones index. Post the result announcement, the stock climbed an impressive 13% in the after-hours trading session.

Cloud Stocks: Fastly Needs to Diversify from TikTok

Edge cloud platform provider Fastly (NYSE: FSLY) recently reported its second quarter results that surpassed the market’s expectations. But the company continues to struggle with its stand on political advertising. As the US gets ready for the Presidential elections, the scrutiny on Fastly’s stance is increasing.

Cloud Stocks: Analysis of Alteryx PaaS Strategy

Data science and analytics platform provider Alteryx (NYSE: AYX) early this month reported its second quarter results that beat analyst estimates. However, its disappointing outlook sent its stock sliding.

Cloud Stocks: ZoomInfo Lists Despite COVID-19

Not many companies would have chosen this time to go public. But go-to-market intelligence provider ZoomInfo (Nasdaq: ZI) had listed earlier this year and despite the current conditions has seen its stock perform well so far.