Cloud Stocks: Smartsheet Looking up to Enterprise Customers for Growth

Earlier this week, Seattle-based Smartsheet (Nasdaq: SMAR) announced its fourth quarter results that surpassed market expectations. Despite the recent turmoil in the stock market, the results helped the stock climb 1% in the after-hours trading session.

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Cloud Stocks: DocuSign Resilient to COVID-19

According to a Fortune Business Insights report, the global digital signature market is estimated to grow to $6.1 billion by the end of 2026 from $879.6 million in 2018. DocuSign (Nasdaq: DOCU), a leading player in the market, recently announced its quarterly results that beat estimates.

Cloud Stocks: Xero Focuses on a PaaS Strategy

According to a Market Study report published last year, the global cloud-based accounting software market is estimated to grow at 9% CAGR to reach $4.32 billion by 2024 from $2.63 billion in 2019. New Zealand-based Xero (ASX:XRO) is tapping into this market by focusing on a PaaS strategy.

Cloud Stocks: Oracle Sees Growth Momentum

Oracle (NYSE: ORCL) recently reported its third quarter results that beat analyst estimates and displayed its strongest revenue growth in nearly two years. Even amid the coronavirus impact, its stock surged post the results.

Paycom’s Mobile Initiatives Drive Growth

According to a BlueWeaveConsulting report, the global payroll and HR solutions and services market is expected to grow at 9.5% CAGR to $43 billion by 2026 driven by the continued adoption of cloud-based technologies in enterprises. Paycom (NYSE:PAYC) recently announced its fourth quarter results that surpassed market expectations.

Square Cashes in on Cash App

Square’s (NYSE: SQ) CEO Jack Dorsey is having a tough time these days. A recent activist shareholder action had investors questioning his dual role as the CEO of Twitter and Square. For now, the management appears to have brokered peace.

Cloud Stocks: Okta Benefiting from App Diversity

According to a recent Fortune Business Insights report, the global identity and access management (IAM) market is estimated to grow from $9.5 million in 2018 to $24.8 billion by the year 2026. Recently, Okta (Nasdaq: OKTA) announced its fourth quarter performance that surpassed market expectations.

Cloud Stocks: Splunk Should Open up About its PaaS Metrics

According to a Research and Markets report, the global Big Data-as-a-Service market is estimated to grow at 25% CAGR to $46.82 billion by 2025 from $13.12 billion in 2019. Big data player Splunk (NASDAQ: SPLK) recently announced its fourth quarter results that delivered a mixed reaction.

Cloud Stocks: RealPage Brings AI and SaaS to Real Estate

Technology is increasingly changing the landscape of the real estate vertical. There are now more than a dozen real estate tech companies valued at an aggregate ~$75 billion. RealPage (NASDAQ:RP) is a leading SaaS company in the real estate vertical that looks interesting.

Cloud Stocks: Five9 Strengthens its PaaS Focus

According to a recent Research and Markets report, the global cloud-based contact center market is estimated to grow at 25% CAGR to $49.12 billion by 2025 from $13.17 billion in 2019. Five9 (Nasdaq: FIVN), a leading provider of cloud software for contact centers, recently announced its fourth quarter results that surpassed market expectations.