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.

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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.

Cloud Stocks: Datadog’s Integrations and Upgrades Help it Soar

Last year, monitoring and analytics platform provider Datadog (Nasdaq: DDOG) listed on the stock exchange. While the recent market turmoil may have hurt most companies’ stock, Datadog is quite the opposite. Its stock continues to climb to record high levels, and analysts believe that more is still to come.

Cloud Stocks: Paylocity Acquires Amid Crisis

According to a MarketsandMarkets report, the global Human Capital Management (HCM) market is expected to grow from $17.6 billion in 2020 to $24.3 billion by 2025 at a CAGR of 6.7%. Paylocity (Nasdaq: PCTY) recently announced its quarterly results that continued to surpass market expectations.