Earlier this year, Billion Dollar Unicorn Dropbox (Nasdaq: DBX) finally went public. The company was expected to list last year, but the disappointing IPO performance for the technology industry resulted in a delay. It is still early days, but the company appears to have had a turbulent start.
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 (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.
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).
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.
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.
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. >>>
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.