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Technology Stocks
Dataminr Leveraging AI to Manage Risk
According to a recent report by Fortune Business Insights, the global artificial intelligence market is estimated to grow 33% annually to $202.57 billion by 2026. New York-based Dataminr is using AI tools to help organizations mitigate and manage crises and opportunities effectively.
>>>Oracle Focuses on Cloud Native Applications
Oracle (NYSE: ORCL) continues to struggle to meet market expectations. The recently reported second quarter results missed revenue forecasts despite beating earnings. The market was not pleased, and the stock fell 5% post the result announcement.
>>>Upwork Focuses on Enterprise
According to a recent report by Payoneer, earnings for freelancers in the US grew by 78% in 2018, making it the fastest growing freelance market in the world. The growth of freelancers is attributed to organizations wanting to employ contractual employees to avoid fixed costs and the increasing supply of professionals who treat freelancing as a lifestyle option. Freelance services platform Upwork (Nasdaq: UPWK) recently reported its results that surpassed market expectations.
>>>Cloud Stocks: Anaplan Sees Expanding Use Cases
According to a Tech Navio report, the global ERP market is estimated to grow 9% over the next few years to $18.91 billion by the year 2023. The growth in the industry will be driven by the increased adoption of planning solutions by the SMB segment. Cloud-based enterprise planning services provider Anaplan (NYSE:PLAN) is already witnessing this growth and features among our list of Top 20 Cloud Stocks for 2020.
>>>Cloud Stocks: Top 20 for 2020
The year 2019 has come to an end and here we do a review of the best performing cloud stocks of 2019 and the most promising for 2020. The criteria for making this list are a strong strategy or performance in Platform-as-a-Service (PaaS), Artificial Intelligence (AI), and robust Developer Ecosystems.
>>>Cloud Stocks: Adobe Revs up its Experience Platform
Adobe last week reported a strong fourth quarter that beat estimates. Its annual revenue crossed the milestone of $10 billion. It recently upgraded its product portfolio and its Digital Experience platform that have helped it build momentum for 2020.
>>>Cloud Stocks: Twilio Counts on API Upgrades for Growth
Twilio (NYSE:TWLO) has had a roller coaster year so far. The stock had climbed to record highs this summer. But since then, the stock has been falling as the company fails to keep with the market’s expectations on financial performance. The recently announced fourth quarter outlook was no better, and the stock fell more than 10% post the announcement.
>>>Veeva Builds Through Acquisitions
According to a recent Research and Markets report, the global healthcare cloud computing market is estimated to grow 17% from $23.4 billion in 2019 to $51.9 billion by 2024. Recently, Veeva (NYSE: VEEV) announced its third quarter results that continued to surpass all market expectations.
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