Yitu Looking to Go Public

According to an Allied Market Research report, the global AI market is expected to grow at CAGR 55% to $169.4 billion by the year 2025 from $4.1 billion in 2016. China-based Yitu Technology is an AI unicorn from the industry that is rumored to list soon.

Featured Videos

PaaS: Atlassian has a Strong Start in 2020

Among our list of the Top 20 Cloud Stocks for 2020, Atlassian (NASDAQ: TEAM) is the top mid-sized player for PaaS. Last week, it reported a strong second quarter that beat estimates.

Will the Competition Get to Netflix?

Netflix (Nasdaq: NFLX) recently reported its fourth quarter results that sent the stock falling 4% in the after-hours session. While the company outpaced market expectations on all accounts, it was the outlook that has the market worried. It appears that Netflix may really be facing the heat of competition from Disney+ and others.

Is the Cloud Strategy Delivering for IBM?

IBM (Nasdaq: IBM) delivered a surprising performance for its fourth quarter. Not only did the company manage to surpass market expectations, but also delivered a y-o-y growth in revenue – a first for it in the last six quarters.

Sumo Logic in no Rush to List

According to an IDC research report, worldwide revenues for Big Data and business analytics solutions grew 12% to $189.1 billion in 2019 and is expected to grow at 13% CAGR to $274.3 billion by 2022. Redwood City-based Sumo Logic is a Unicorn in the market.

Smartsheet Focuses on Marketing Collaboration

According to a Markets and Markets report, the global enterprise collaboration market is expected to grow 9% over the year to $48.1 billion by 2024 from $31 billion in 2019. Last month, Seattle-based Smartsheet (Nasdaq: SMAR) announced its third quarter results that surpassed market expectations.

Automattic Beefs up its Platform

According to W3Techs, WordPress is used by 35% of all websites and it dominates the content management system market with a market share of 62.3%. Automattic, the company behind WordPress, last year raised $300 million from Salesforce Ventures at a valuation of $3 billion.

Cloud Stocks: Enterprise Bet Pays Off for SurveyMonkey

According to an IbisWorld research report, the US online survey market is estimated to grow 5% y-o-y to $1.2 billion in 2020, at a CAGR of 10% since 2015. San Mateo-based SurveyMonkey (Nasdaq: SVMK) announced its third quarter results recently that continued to surpass market expectations.

AI Unicorn ZipRecruiter First Bootstrapped, then Raised Money

According to an Ibisworld report, the online recruitment sites industry is estimated to have grown at 15% CAGR from 2015 to $10 billion in 2020. The growth in the industry is attributed to the improved job market conditions in the last five years. Santa Monica-based ZipRecruiter is an AI unicorn in the market.

Cloud Stocks: Forescout Fails to Deliver

According to a recent report, the global cyber security market is estimated to grow at 15% CAGR to $267.73 billion by 2024 from $118.78 billion industry in 2018. The growth in the industry is attributed to the adoption of IoT, BYOD, AI, and machine learning technologies. Despite the robust growth potential, Forescout Technologies (Nasdaq: FSCT) is facing some challenges in meeting market expectations.