Cloud Stocks: Microsoft Rides High on Teams and Gaming

Earlier this week, Microsoft (NASDAQ: MSFT) reported its fiscal fourth quarter results that surpassed all market expectations. Growth in Teams, Cloud, and Gaming segments helped drive growth for the quarter. But the market was not too impressed as Cloud revenue growth was slower than expected.

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Cloud Stocks: One Medical Supports COVID-19 Care Digitally

According to a recent report, the global digital health market size is expected to grow from $103.1 billion at 25% CAGR to reach $385.8 billion by 2025. Digital health industry is the integration of emerging technology with wellness, education, living, and community to drive healthcare delivery quality and make medicine more personal and accurate. One Medical (NASDAQ: ONEM), also known as 1Life Healthcare, is among the leading primary care platforms in the country. One Medical went public earlier this year and has had a bumpy ride so far.

Cloud Stocks: IBM Expands Cloud Partners

IBM (NYSE: IBM) reported its second quarter results earlier this week that surpassed market expectations inspite of being impacted by the Covid-19 crisis. The company is benefitting from its cloud investments and it continues to tie up with strategic partners to drive this growth.

Cloud Stocks: Talend Expands Data Offering Through Partners

According to a recent report by Mordor Intelligence, the global cloud integration software market is expected to grow 12% annually over the next five-year period driven by the growing demand for cloud computing services across the industries. Open source integration software vendor Talend (Nasdaq: TLND) recently reported a strong first quarter.

Netflix Unlocks Growth in Lockdown

Competition was getting tough in the online streaming space, but the pandemic and lockdown has helped Netflix (NASDAQ: NFLX) surge ahead of its competitors. It reported a strong quarter but expects slower quarters ahead.

Cloud Stocks: Dropbox Should Focus on PaaS

According to a recent research report, the global enterprise collaboration market is estimated to grow to $69.93 billion by 2024 at a CAGR of 15.23%. Remote working conditions will further accelerate this growth as organizations look to adopt collaboration tools for employee engagement, cost reduction, efficient project management, and knowledge management. Dropbox (Nasdaq: DBX) recently announced its first quarter results for the year where it reported its first ever net income for the quarter.

Cloud Stocks: Guidewire Expands Cloud Offerings

Last month, Guidewire Software (NYSE: GWRE), platform provider for insurance providers, announced its third quarter results. The company’s performance outpaced market expectations, driving the stock higher.

Cloud Stocks: CrowdStrike Soars to Record Highs

A recent market report on endpoint security systems estimates the industry to grow at 6% CAGR to reach $18.6 billion by 2027. As organizations continue to operate under remote working conditions, there is an increased adoption of security services. Endpoint security players like CrowdStrike (NASDAQ: CRWD) are benefiting from this adoption.

Cloud Stocks: Coupa Expands into Treasury Services

The recessionary economic conditions are driving organizations to invest in spend management solutions like those offered by San Mateo-based Coupa (Nasdaq: COUP). Coupa is also benefiting from its cloud-based model that helps in the current remote working conditions.

Cloud Stocks: Slack Beefs up its Portfolio

The COVID-19 crisis has led to a rapid shift to working from home and a surge in the use of digital collaboration tools in the enterprise. Enterprise communication platform Slack (NYSE: WORK) last month reported a strong first quarter that beat estimates.