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Technology Stocks
Cloud Stocks: Forescout Partners with Big Names
According to a MarketStudy Report published earlier this year, the global cyber security market is estimated to grow 12% annually to reach $300 billion by 2024. The increasing frequency of cyber attacks and the growing number of IoT devices is promoting the adoption of cyber security solutions. The research estimates that the financial losses caused due to cyber-attacks have risen by over 62% in the past few years, thus prompting organizations to adopt advanced cyber security solutions to protect their sensitive information from unsanctioned access.
>>>Cloud Stocks: Splunk Sees Strong Cloud Momentum
Big data platform Splunk (NASDAQ: SPLK) recently reported a strong quarter. The highlights of the quarter were the strong momentum in cloud revenue and its $1.05 billion acquisition of cloud monitoring company SignalFx.
>>>GoDaddy Fails to Impress
Global internet domain name provider GoDaddy (NYSE: GDDY) recently reported its second quarter results that failed to impress the market. It did not make matters better when it announced that its CEO Scott Wagner was stepping down.
>>>Veeva is Cashing in on Vault Products
According to a Global Market Insights report, the global healthcare cloud computing market is estimated to grow 15.5% annually over the next few years to reach $55 billion by 2025. Pleasanton, California-based Veeva (NYSE: VEEV) recently reported its second quarter results that continued to surpass all market expectations.
>>>VMWare’s Shopping Spree Fails to Impress the Stock Market
Virtualization infrastructure provider VMWare (NYSE:VMW) has gone on a massive shopping spree to expand its cloud portfolio. Within the last few months, VMWare has made several big acquisitions to continue to drive product and market growth. The company recently also announced its second quarter results that surpassed all market expectations, but the stock fell 9% after the result announcement.
>>>Cloud Stocks: Intuit Pushes AI to Simplify Tax Filing
Quickbooks’s parent company Intuit (NASDAQ: INTU) recently reported its fiscal fourth quarter results that outpaced market expectations. The stock has climbed nearly 50% this year, and growth doesn’t appear to be slowing down.
>>>Cloud Stocks: HubSpot Soars to a New High
Inbound-marketing software specialist HubSpot recently reported a strong second quarter that blew past expectations. The market is pleased with its strong performance and its stock has soared to a new high.
>>>For Bottomline Technologies, AI and ML May Not be Enough
According to a McKinsey report, the global payments market is estimated to grow from $1.9 trillion in 2017 at 9% CAGR to $2.9 trillion by 2022. Portsmouth-based Bottomline Technologies (Nasdaq: EPAY) is a leading player in the B2B world of digital payments.
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