Cloud Stocks: Dropbox Needs to Share API Metrics

As per a Market and Market report, the Enterprise Collaboration Market is expected to grow at 9% CAGR to $48.1 billion by 2024. The current socially distanced world will most likely accelerate this growth for the current year as organizations migrate to virtual offices for their workforce. Dropbox (Nasdaq: DBX) is a leading player in this space that is likely to benefit.

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Forescout Bows Out of the Stock Market

According to Fortune Business Insights, the global cyber security market is expected to grow from $112.01 billion in 2019 to $281.74 billion by 2027. The growth is expected to be driven by the demand for enterprise security solutions from the BFSI, manufacturing, and healthcare sectors. Forescout Technologies (Nasdaq: FSCT), one of the many cyber security players, is failing to cash in on this growth. The company recently delivered fourth quarter results that failed to impress the market. Forescout also announced its sale to private equity firm Advent International Corp.

SurveyMonkey Continues to Acquire

According to an IbisWorld research report, US online survey market grew 5% to $1.2 billion in 2019. San Mateo-based SurveyMonkey (Nasdaq: SVMK) is a leading player in the market, but the recent global turmoil has taken a toll on its stock.

PagerDuty Drives API Integrations

According to a Grand View Research report, the global DevOps market is expected to grow at 19% CAGR to $12.85 billion by 2025. The growth is expected to be driven by the continuing push amongst organizations for digitization and automation of business processes, adoption of cloud technologies, and adoption of agile frameworks. San Francisco-based PagerDuty (NYSE: PD) went public in August last year. But the recent market turmoil has hurt its stock significantly.  

Cloud Stocks: Change Healthcare Pushes APIs

According to a Markets and Markets report, the global Healthcare IT market is expected to grow 15% annually to reach $390.7 billion by 2024 from $187.6 billion in 2019. Tennessee-based Change Healthcare (Nasdaq: CHNG) is a leading player in the segment.

Cloud Stocks: Will Adobe Open Up About its PaaS Statistics?

Adobe (Nasdaq: ADBE) recently reported its first quarter results that surpassed market expectations. Its outlook was weak and is expected to be further impacted by the current crisis. But Adobe expects to manage that by continuing to expand its product offerings.

Mimecast Focuses on Acquisitions

According to a report published last year, the global cloud-based email security market is estimated to grow at 8% CAGR to reach $1.1 billion by 2023. Emails are expected to be targets for nearly 90% of hacking attempts globally. The growing adoption of cloud-based services in enterprises, coupled with the rising instances of cyber-attacks involving the use of malware, spam, and phishing attempts will continue to drive the adoption of cloud-based email security services. London-based Mimecast (NASDAQ: MIME) is among the leading players in this market that does more than just email security.

Appian Growing Through Partnerships and Acquisitions

According to a recent Market Study Report, the global digital transformation market is expected to grow at 24% CAGR to $2.2 billion by 2025. Digital transformation refers to the application of digital technology across the organization to drive innovation and creativity in specific domains so that organizations can expand market reach and improve customer experiences. Reston, Virginia-based Appian (NASDAQ: APPN) is among the leading players in this space.

One Medical has a Successful IPO

Primary healthcare platform One Medical is one of the most funded on-demand healthcare companies. On January 31, it went public on NASDAQ under the ticker ONEM and has recently reported quarterly results for the first time since going public.

LogMeIn Chooses to Go Private

Under the current lockdown circumstances, it is no surprise that tools supporting remote and virtual workplace are doing well. One such player is remote access service LogMeIn (NASDAQ: LOGM). The company recently announced its fourth quarter results that surpassed market expectations.