As competition from cable players and other channels heats up, Netflix (Nasdaq: NFLX) appears to have stumbled in the recent quarter. In a surprising miss, subscriber growth was lower than estimated for both the domestic and international markets, sending the stock tumbling in the after-hours session.
>>>According to an IDC report published earlier this year, the global revenues for big data and business analytics (BDA) solutions are estimated to grow from $189.1 billion in 2019 to $274.3 billion by 2022 at a CAGR of 13%.
Cloud-based provider of BI tools Domo (NASDAQ: DOMO) is seeing strong growth in its revenue.
Vacation rental marketplace Airbnb is expected to go public this year. Last year, the company announced that it was delaying its IPO and focusing on improving its business and financial model. It was expected to be ready to go public by June this year. It still hasn’t announced concrete plans so far, but recent news reports suggest that it has improved its financial and operating metrics significantly.
>>>According to a Zion market research report, the global subscription and billing management software market is estimated to grow 15.5% annually to $10.5 billion by 2025 from $3.8 billion in 2018. San Mateo-based Zuora owns 6% of the market and is looking to expand its presence. But the recently reported financial results were disappointing as the company struggles to meet the market’s expectations.
>>>Emergency notifications provider Everbridge (Nasdaq: EVBG) has recently announced that it has been awarded the contract for deploying Australia’s national early warning system. This news coupled with a strong first quarter has seen its stock soar to all-time high levels. Its valuation has soared almost ten times since its IPO in 2016.
>>>According to IBIS World Research, US-based web design services industry is expected to grow 6.6% annually to $38.3 billion by the end of 2019. Israel-based Wix (Nasdaq:WIX) recently announced its first quarter results that failed to meet the market’s expectations. But the better than expected outlook helped keep the stock soaring.
>>>According to a research report published earlier this year, the global SaaS market is estimated to grow 21% annually over the period 2018 through 2023. The growth in the market is expected to be driven by banking, financial services, and the insurance sectors. Insurance services provider Guidewire Software (NYSE: GWRE) is benefiting from this high growth trend.
>>>According to a Grand View Market Research report, the global video conferencing market is estimated to grow 9% annually through to 2025 from $3.4 billion in 2017. Zoom Video Communications (Nasdaq: ZM) is a strong performer in the industry as was evident from their recent quarterly results.
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