Cloud Stocks: Shopify Soars to an All-Time High

Ontario-based Shopify (NYSE:SHOP) recently announced its second quarter results that blew out all market expectations. The company’s focus on delivering digital services for its merchants helped drive its stock to record highs.

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Apple Expands its Service Offerings

Earlier last week, Apple (NASDAQ: AAPL) announced its third quarter results that surpassed market expectations. As physical stores shut down and consumption of digital services increases, Apple is focusing its efforts on growing its services segment. The market is pleased with Apple and its stock is touching record high levels.

Cloud Stocks: Atlassian Continues to Acquire from PaaS Ecosystem

Last week, Atlassian (NASDAQ: TEAM) reported its fourth quarter results that continued to surpass estimates. The company has been on an acquisition spree as it looks to invest in collaboration tools during the current conditions where most companies are allowing employees to work remotely.

Facebook Soars Despite Political Concerns

Facebook (Nasdaq: FB) 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 Facebook’s stance is increasing.

Cloud Stocks: Cloudera Powers its Data Platform with Partnerships

Enterprise data software company Cloudera (NYSE: CLDR) recently topped revenue and earnings estimates for its first quarter, but its outlook was disappointing. 

Cloud Stocks: ServiceNow Expands Ties with Zoom

Earlier this week, ServiceNow reported its quarterly results that surpassed market expectations. Despite the COVID-19 crisis, it crossed a milestone of $4 billion ARR for subscriptions in the quarter. And, it shows no signs of slowing down.

Cloud Stocks: Tenable Expands Into Industrial Cyber-Security

According to a recent MarketsandMarkets report, the global Security and Vulnerability Management Market size is expected to grow 4.5% annually to $15.5 billion by 2025 from $12.5 billion in 2020. The growth in the market is attributed to the increasing number of cyber attacks, and the increasing cyber awareness across developing economies.

Cloud Stocks: SAP Rethinks Qualtrics Acquisition

Earlier this week, SAP (NYSE:SAP) announced its second quarter results for the year that surpassed market expectations. But the big news was all about its plans for Qualtrics.

Cloud Stocks: Nutanix Focuses on Government and Media Verticals

According to a recent report by Fortune Business Insights, the global cloud computing market size is expected to grow at 19% CAGR to reach $760.98 billion by 2027. The recent COVID-19 crisis has accelerated some of this transition to the cloud. Enterprise cloud computing companies like Nutanix (Nasdaq: NTNX) are seeing strong revenue growth as well.

Cloud Stocks: Investors Say Yes to nCino’s IPO

Earlier this month, cloud-based FinTech company nCino went public on the NASDAQ exchange under the ticker NCNO. In this booming stock market for cloud players, nCino’s stock surged 196% on the first day.