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Technology Stocks
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.
>>>Cloud Stocks: DocuSign Soars to Record Highs
The global pandemic has accelerated the shift to digital for most organizations. DocuSign (Nasdaq: DOCU) is one player that has seen significant traction due to this transition. The company’s stock has climbed to record high levels, and it has already gained 95% since the beginning of the year.
>>>Cloud Stocks: Paycom Confident Under Current Conditions
While the global pandemic is definitely hurting some companies, it is also helping cloud-based companies grow significantly. One such player is Paycom (NYSE:PAYC) which is seeing an increase in demand for single database solutions. But while Paycom may be confident of its capabilities, global conditions are making investors look at the stock with some caution.
>>>Cloud Stocks: Adobe Shifts its Focus
Adobe (NASDAQ: ADBE) recently reported a mixed second quarter that missed revenue estimates. It had a strong quarter for its Digital Media segment but its Advertising Cloud revenue was impacted by the COVID crisis. But what’s interesting is how Adobe quickly de-emphasized the low-margin and capital-intensive parts of its business to focus on growth.
>>>Cloud Stocks: Oracle Relies on Autonomous Offerings
Oracle (NYSE: ORCL) recently reported its fourth quarter results that failed to impress the market. With industries realigning their digital spends, Oracle is counting on its Autonomous offerings to help drive growth.
>>>Cloud Stocks: Is Anaplan a Prospect for Oracle, SAP?
According to a recent Fortune Business Insights report, the global ERP software market is expected to grow at 8.5% CAGR to reach $71.63 billion by 2026. Cloud-based planning software provider Anaplan (NYSE:PLAN) recently reported its first quarter results that delivered mixed results despite the growth forecast.
>>>eBay Surges on Coronavirus Lockdown
The current global lockdown conditions continue to push online sales and e-commerce trends higher. Due to the improvement in its e-commerce business, etailer eBay (NASDAQ: EBAY) recently revised its outlook for the current quarter significantly. But the company realizes that the surge may be short-lived and did not improve its fiscal year outlook.
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