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Technology Stocks
Cloud Stocks: How Will Cloudera Address the Competition?
Hadoop services provider Cloudera (NYSE: CLDR) has been trying different strategies to continue to stay relevant. As part of this effort, it completed the $5.2 billion merger with Hortonworks earlier this year. The stock has fallen by 65% since the start of the year, and there doesn’t appear to be any respite in sight. The recently announced exit of its CEO did not help alleviate the market’s concerns either.
>>>Cloud Stocks: Is Slack Overvalued?
Enterprise collaboration startup Slack went public last month on the NYSE under the ticker WORK. Rather than the usual IPO route, the company went public via a direct listing, similar to Spotify’s listing last year. The direct listing allows Slack to trade its shares publicly without the usual lock-in periods 90 or 180 days. Its valuation initially popped and early investors and executives reportedly sold stock worth $592 million.
>>>MongoDB Banks on Partnerships and Acquisitions for Growth
According to a Market Research Future report, the global cloud database market is estimated to grow at a tremendous CAGR of 47% to reach $21.67 billion by the year 2023. Last month, cloud Database-as-a-Service provider MongoDB (Nasdaq:MDB) announced its first quarter results that surpassed all market expectations.
>>>Cloud Stocks: Adobe Leveraging Magento and Marketo to Deliver Blockbuster Performance
Adobe (Nasdaq: ADBE) is one company that has truly pivoted itself to adapt to the modern subscription economy. The transition has benefited the company significantly. Since 2015, it has reported more than 20% year-on-year revenue growth for each quarter. It is also the eighth consecutive quarter that the stock has delivered double digit growth. And with the current initiatives, it doesn’t look like the growth is slowing down.
>>>The Trade Desk Counts on International Markets
According to an eMarketer report, the global digital advertising market is estimated to grow 18% to $333.25 billion in 2019 and reach $517.5 billion by 2023. Digital advertising is expected to account for over 60% of the global advertising market by 2023. Online advertising marketplace The Trade Desk (Nasdaq: TTD) recently announced its first quarter results that outpaced market expectations, and the company shows no signs of slowing growth.
>>>Cloud Stocks: Alteryx Sees Strong Momentum
According to IDC, global revenue from big data and business analytics (BDA) solutions is expected to grow 12% to 189.1 billion in 2019. By 2022, IDC expects worldwide BDA revenue will be $274.3 billion. Irvine, Californa-based Alteryx (NYSE: AYX), which addresses the business intelligence and analytic tools, analytic data integration and spatial information analysis markets, reported another strong quarter in May that beat analyst estimates.
>>>Shopify Goes on the Defensive with Amazon
Ontario-based Shopify (NYSE:SHOP) continues to expand its B2C offerings and is now getting ready to take on Amazon. To drive revenue growth, Shopify is looking to invest heavily in the US fulfillment business – a market currently dominated by Amazon. But that is a highly capital intensive strategy to compete with a giant like Amazon.
>>>Cloud Stocks: GoDaddy is Making Strategic Acquisitions for the Next Level of Growth
The global internet domain name provider GoDaddy’s (NYSE: GDDY) recent quarterly results failed to meet market expectations. The stock hasn’t fared well since the result announcement despite the various measures taken by the company to promise growth. Meanwhile, the company continues to add smaller players to its portfolio to expand its service offerings.
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