Cloud Stocks: AppFolio Leverages AI for Product Enhancement

AppFolio (NASDAQ: APPF), a SaaS player operating in the real estate and legal industries, recently announced its fourth quarter results that surpassed market expectations. Like other stocks, AppFolio’s stock also fell to a 52-week low last month. But during the past couple weeks, the stock has been registering significant growth.

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Cloud Stocks: New Relic Focuses on PaaS

According to a research report published late last year, the global application performance management (APM) market is estimated to grow at 12% CAGR through 2025 driven by the continuing adoption of artificial intelligence and the investments by public and private organizations. APM expert New Relic (NYSE: NEWR) recently announced its third quarter results that failed to meet earnings estimates.

J2 Global Picks up Several Small Acquisitions

Los-Angeles-based J2 Global (Nasdaq: JCOM) is a leading Internet-based information and services company. The company recently reported its fourth quarter results. Prior to the recent turmoil, its stock was climbing to record highs.

Decacorn Snowflake Ready for IPO

According to a Allied Market Research report, the global data warehousing market is estimated to grow at a CAGR of 8.2% from $18.61 billion in 2017 to reach $34.69 billion by 2025. Last month, cloud-based data warehouse company Snowflake raised $479 million at a valuation of $12.4 billion from investors including Salesforce Ventures.

Elastic Investing in Product Upgrades for Enterprises

The global Enterprise Search market is estimated to grow 13% annually to $9 billion by the year 2026 from $3.72 billion in 2019. The continued adoption of cloud computing and Software as a Service (SaaS) are driving the adoption of hosted enterprise search solutions across organizations. Elastic (NYSE: ESTC) is a leading player in the open source Big Data search sector.

Avalara Enhancing its Products with AI and ML

According to a Markets and Markets report, the global tax management market is expected to grow at 12% CAGR to reach $27 billion by 2024 from $15.5 billion in 2019. Seattle, Washington-based Avalara (NYSE: AVLR) is a leading player in tax management market.

Dynatrace Ties up With Tech Giants

Gartner estimates the global IT operations software market to grow at 7% CAGR to reach 37.5 billion by 2023 from $29 billion in 2019. Within the industry, Gartner expects enterprises to quadruple their Application Performance Management (APM) use over the period 2018 to 2021. It expects APM to reach 20% of all business applications by 2021. Dynatrace (NYSE: DT) is a leading player in the market that recently reported stellar quarterly results.

Alteryx Delivers Excellent Revenue Growth

According to a recent report, the global market for Big Data and Business Analytics is expected to grow 15% annually to $512.04 billion by 2026 from $171.39 billion in 2018. Alteryx (NYSE: AYX) is a leading player in the market that recently reported stellar quarterly results.

Cloud Stocks: Q2 Holdings Expands TAM with Acquisitions

The markets are down right now, and it might be a good time to scan for some worthy investments among cloud stocks. FinTech company Q2 Holdings (NYSE: QTWO) qualifies for this list with an average revenue growth rate of 26% for the past five years since it went public. Prior to the crash, it had delivered share price growth of 27% per year.  

Cloud Stocks: Paylocity Delivers Solid Results

According to a Research and Markets report, the global Human Capital Management (HCM) market is estimated to grow 10% annually over the next few years to $26.5 billion industry by 2024 from $16.7 billion in 2019. The growth in the industry is expected to be driven by the continued adoption of cloud-based solutions such as those offered by Paylocity (Nasdaq: PCTY).