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Technology Stocks
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.
>>>Cloud Stocks: Veeva: Is It Possible to Build PaaS on PaaS?
According to a recent report, the global healthcare cloud computing market is estimated to grow by $25.5 billion, or 23% annually over the next four years. Earlier this week, Veeva (NYSE: VEEV) announced its fourth quarter results that surpassed market expectations, once again.
>>>Cloud Stocks: Anaplan Focuses on API Connectors for its Platform
According to a Market Research Planning report, the global Enterprise Resource Planning market is expected to grow to $49.5 billion by the year 2024 driven by the increased adoption of mobile and cloud planning solutions and the penetration of these solutions within the SMB segment. Cloud-based planning services provider Anaplan (NYSE:PLAN) recently reported its fourth quarter results that surpassed market expectations.
>>>Cloud Stocks: Workday Should Open Up About its PaaS Success
According to a recent Research and Markets report, the global SaaS market is estimated at 13% CAGR to $220.21 billion by 2022 from $134.44 billion in 2018. SaaS-based financial and human resources enterprise services provider Workday (NASDAQ: WDAY) recently reported its fourth quarter results that continued to benefit from this growth.
>>>Cloud Stocks: Datadog Performing Well Post Recent IPO
One of the biggest IPOs in 2019 was that of monitoring and analytics platform provider Datadog. It went public in September last year on the NASDAQ under the ticker DDOG. It recently reported its fourth quarter results that shattered market estimates.
>>>Cloud Stocks: Why Salesforce Buying Vlocity Proves the Growing Importance of PaaS
Salesforce (NYSE: CRM) is dominating the news this week. Along with an outstanding quarterly result announcement, the company delivered two significant news items. First, Salesforce is acquiring Vlocity for $1.3 Billion. Salesforce also announced that its co-CEO Keith Block was stepping down from his position. Marc Benioff is back to being the sole CEO of the company.
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