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Cloud Stocks: Alteryx Sees Strong Momentum

Posted on Monday, Jul 1st 2019

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.

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Shopify Goes on the Defensive with Amazon

Posted on Friday, Jun 28th 2019

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.

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Cloud Stocks: GoDaddy is Making Strategic Acquisitions for the Next Level of Growth

Posted on Thursday, Jun 27th 2019

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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Cloud Stocks: Oracle Joins Hands with Microsoft to Take on Amazon

Posted on Wednesday, Jun 26th 2019

Oracle’s (NYSE: ORCL) recently announced fourth quarter results were a pleasant surprise for the stock. After two quarters of shrinking revenue, the company finally reported marginal growth in revenues. Oracle has been transitioning from a traditional licensed-based model to a subscription-based model to drive cloud computing revenues. The transition has hurt revenue growth in the recent past, but is expected to deliver results in the longer run. The market was pleased with Oracle’s results and the stock soared to a record high post result announcement.

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Anaplan Bets on AI, ML and Partners to Drive Growth

Posted on Tuesday, Jun 25th 2019

It has been under a year since the cloud-based enterprise planning services provider Anaplan (NYSE:PLAN) went public. The stock has almost tripled since it listed. It recently announced its first quarter results, and the stock climbed 20% post the announcement.

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ForeScout’s New Platform Focuses on OT Security

Posted on Monday, Jun 24th 2019
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ForeScout (NASDAQ: FSCT), a cyber security company specializing in visibility for endpoint security, went public in October 2017. It recently reported a strong quarter and announced the release of a new platform focusing on operational technology (OT) security.

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Cloud Stocks: Tableau Acquisition Signals Massive Analytics Push for Salesforce

Posted on Friday, Jun 21st 2019

Recent reports suggest that the global data visualization market will become a $7.8 billion industry by 2023, growing at a rate of more than 9% annually. The industry shot into the news recently when Salesforce announced the acquisition of Tableau.

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A Year Since IPO, Zscaler Delivers Through Acquisitions and Partnerships

Posted on Thursday, Jun 20th 2019

Nearly a year ago, security services provider Zscaler (Nasdaq: ZS) went public. And what a year it has been. Since then, Zscaler’s valuation has grown almost five times, and a slowdown does not appear to be coming soon.

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