Mimecast Focuses on Integration to Lure the Enterprise Segment

According to a recent Markets and Markets report, the global email encryption market in the post-COVID-19 scenario is projected to grow at 24% CAGR from $3.4 billion this year to $9.9 billion by 2025. The growth in the industry is attributed to increasing phishing and spam emails, stricter industry regulations, and government mandate for data protection. Mimecast (NASDAQ: MIME) is one of the leading players within the email security market that recently announced its fiscal year results.

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Cloud Stocks: Appian Focuses on RPA for Growth

The global lockdown conditions have accelerated digital transformation journeys for organizations. Reston, Virginia-based Appian (NASDAQ: APPN) is among the leading players in the industry who is leveraging these conditions to drive growth.

Medallia Looks to Verticalized Offerings and Acquisitions

According to a Grand View Research report published earlier this year, the global customer experience management market is expected to grow at 18% CAGR to reach $23.6 billion by 2027 driven by the continued adoption of digital technologies. Medallia (NYSE: MDLA) announced its fiscal first quarter results last month, but despite the optimistic industry outlook, the company failed to impress the market.

Cornerstone onDemand Looks to Acquisition for Growth

According to a  Zion report, the global talent management software market is estimated to grow at 10% CAGR to reach $10.9 billion by 2025. The recent virus-driven pandemic would have changed those estimates. Cornerstone OnDemand (Nasdaq: CSOD) is one of the leading players in the sector which is witnessing the economic turbulence. Its latest quarterly results failed to impress the market.

Cloud Stocks: Model N Soars to a Record High

Model N (NYSE: MODN) is a leading player in the revenue management market that is focused on the Life Sciences vertical. Amid the current pandemic, Life Sciences companies are in great demand and as a result business has been good for Model N as well.

Upwork Focuses on Remote Working Opportunities

The growing adoption of remote work across organizations has helped organizations like Upwork (NASDAQ: UPWK) tremendously. As organizations become more open to the idea of workforce flexibility, Upwork will see an increase in the adoption of its services.

Cloud Stocks: SurveyMonkey Should Get Into PaaS

According to a MarketWatch report, the global Online Survey Software market size is expected to grow at 11% CAGR to reach $2.58 billion by 2026 from $1.2 billion in 2019. SurveyMonkey (Nasdaq: SVMK) recently reported its first fiscal quarter results that delivered stellar growth.

Cloud Stocks: AppFolio Improves Offerings for Current Conditions

According to a report published by Technavio earlier this year, the real estate software market is estimated to grow 8% in 2020. The recent global economic crisis would have altered this forecast. AppFolio (NASDAQ: APPF), a SaaS player in the real estate industry, recently announced its quarterly results that failed to impress the analysts.

Avalara Expands Products and Partners

According to a Fortune Business Insights report, the global tax management software market is estimated to grow at 10% CAGR to reach $11.19 billion by 2026 driven by the growing adoption of Machine Learning and Artificial Intelligence technologies within the space. Seattle, Washington-based Avalara (NYSE: AVLR), a leading player in the market, recently announced its first quarter results that surpassed market expectations.

Square Continues to Acquire

In May, Square (NYSE: SQ) reported a mixed first quarter that showed slowing GPV but a significant uptake in its Cash App. It continues to follow a healthy acquisition strategy to boost its AI and P2P payments products. Its stock hit a 52-week high last week.