Billion Dollar Unicorns: Zscaler is the Top US Tech IPO of 2018

In March, Billion Dollar Unicorn and enterprise cloud security firm Zscaler listed successfully on NASDAQ under the ticker ZS. Last week, its first earnings report as a public company blew past all analyst projections, and the stock jumped by 38%, making it the best performing US tech IPO of the year. >>>

Salesforce.com Resolutely Marches Towards $20 Billion Milestone

Salesforce.com (NYSE: CRM) is a horse that just keeps giving. It recently released its first quarter results, and unsurprisingly, the results shot past market expectations. The market was pleased and it sent the stock to record-high levels.

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Billion Dollar Unicorns: Box Continues to Grow, But Profits Still Absent

According to a report published earlier this year, the global cloud storage market is estimated to grow from $30.70 billion in 2017 to $88.91 billion by 2022, translating to an annual growth rate of 23.7% over the five year period. The robust industry growth is translating into stellar performance by Billion Dollar Unicorn players like Box (NYSE: BOX).

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Credit Karma Delays Its IPO Plans

In the US credit rating industry that is dominated by Equifax, Experian, and TransUnion, Billion Dollar Unicorn Credit Karma was expected to list this year. However, recent funding arrangements suggest otherwise.

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eBay Eyeing International Markets

Amazon’s continued leadership in the retail sector, coupled by Walmart’s push in the e-commerce segment is raising significant concerns for eBay (Nasdaq: EBAY). eBay is fighting back by looking at international markets for growth.

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Tencent Reports Record Profit

According to The New York Times, there are over 770 million internet users in China. Chinese Internet giant recently reported a record quarterly profit that beat analyst expectations driven by double-digit growth in its messaging platform WeChat and mobile gaming. >>>

Alibaba Knows No Boundaries

There is nothing that appears to slow down Alibaba’s (NYSE: BABA) growth rates. It recently reported results for the March ended quarter, and the company delivered its eighth consecutive quarter of over 50% revenue growth. Also, unlike other e-tailers, Alibaba is delivering this growth while delivering impressive income levels.

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TripAdvisor Looking to Turn its Business Around

According to a Research and Markets report published last year, the global online travel market is estimated to grow 11% annually over the period 2017 through 2023 to become a $1.14 billion industry by 2023. The growth is attributed to improvements in ease of bookings, safer online payment methods, and availability of multiple choices and comparison options. Travel booking giant TripAdvisor (NASDAQ:TRIP) recently reported results that beat estimates.

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