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Technology Stocks
Zendesk Faces Investor Ire, Freshworks Prepares for IPO
Helpdesk automation service provider Zendesk (NYSE: ZEN) recently announced its third quarter results that surpassed market expectations. The company continues to invest in growing its market reach even as it faces the ire of its investors.
>>>Cloud Stocks: HubSpot Focuses on Its Platform
Earlier this week, inbound marketing specialist HubSpot (NYSE:HUBS) reported its third quarter results. While the quarter’s performance outpaced market expectations, a rather lackluster outlook failed to impress the Street. Its stock fell 6% in the after-hours trading session post the announcement of the results.
>>>Pluralsight Growing Through Large Partnerships
A Global Markets Insight report published earlier this year estimates the global e-learning market to grow 7% annually to over $300 billion by 2025. The academic sector is expected to grow at over 50% CAGR and the corporate or enterprise segment is expected to grow at 8%. Cedar Valley, Utah-based Pluralsight (Nasdaq: PS), a leading player in the market recently reported its stellar third quarter results.
>>>Qualys Uses Free Products to Retain and Grow Subscribers
Cloud-based security service provider Qualys (Nasdaq: QLYS) continues to surge past market expectations. The recently reported quarterly results were significantly better than the Street’s forecast, yet again.
>>>Apple’s Subscription Services Bet Paying Off
Apple (NASDAQ: AAPL) last week reported results that surpassed all expectations driven by strong performance from its Wearables and Services segments. Its stock hit a record high following the results and Apple is now a $1 trillion company.
>>>Facebook’s Stance on Political Advertising in Stark Contrast with Twitter
Despite the various antitrust, privacy, and FTC issues that Facebook (Nasdaq: FB) is dealing with, it recently announced a stellar third quarter performance. The better than expected revenue and earnings results helped the stock climb 2% in the after-hours session.
>>>Proofpoint Expands Partnerships
According to a Mordor Intelligence research report, the global cyber security market is estimated to grow 14.5% annually over the next few years to $267.7 billion by the year 2023. The growth in the industry is expected to be driven by the adoption of IoT, Bring-your-own-device, AI, and machine learning technologies in the coming years. San Francisco-based Proofpoint (Nasdaq: PFPT) recently announced its third quarter results that benefited from this high growth rate.
>>>Cloud Stocks: Will Google Acquire Fitbit?
This quarter has been one where most technology giants have delivered mixed results. Google’s parent, Alphabet (Nasdaq: GOOG), is no exception. Its recently reported third quarter revenues outpace market estimates, but continued investments in its cloud strategy resulted in a lower than expected earnings result. The market wasn’t too pleased, and the stock fell 1% in the after-hours session.
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