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Technology Stocks
Analysis of Zscaler’s Acquisition of Canonic Security
Cloud security provider Zscaler (NASDAQ: ZS) recently reported its quarterly performance that outpaced market expectations. Zscaler is seeing delays in the closing of big deals and expects its billings to slow down in the near future. But it continues to grow in the current economic conditions through acquisitions.
>>>Cloud Stocks: Adobe Beta Launches its Generative AI Tool – the Firefly
Adobe (NASDAQ: ADBE) recently reported its first quarter results that outpaced market expectations. Adobe is also venturing into the AI space with the release of its Generative AI engine – the Firefly.
>>>Cloud Stocks: DocuSign is Building on AI and Self Serve Capabilities
According to a recent report, the global digital signature market is expected to grow at 35% CAGR to $48.4 billion by 2030. DocuSign (Nasdaq: DOCU) recently announced its fourth quarter results that surpassed market expectations.
>>>Cloud Stocks: Analysis of Veeva CRM’s Split from Salesforce
Veeva (NYSE: VEEV) recently reported its fourth quarter results that continued to surpass all market expectations. Last December, Veeva had announced plans to shift its CRM platform from Salesforce to Veeva Vault. Analysts are treating the migration as an opportunity for Veeva as it barrels towards its next milestone year.
>>>Cloud Stocks: Salesforce’s Einstein GPT Leverages Generative AI Capabilities for CRM
Salesforce (NYSE: CRM) recently announced its fourth quarter results that continued to surpass market expectations. It is focused on improving its profitability, and like other tech players, announced layoffs. But the better than anticipated results and the strong outlook sent its stock soaring 16% in the after-hours trading session.
>>>Cloud Stocks: Nutanix Eyeing International Markets for Growth
The global hybrid cloud market is expected to grow at 20% CAGR to reach $262.4 billion by 2027. Enterprise cloud computing player Nutanix (Nasdaq: NTNX) is cashing in on this growth by expanding its presence in international markets through partnerships and new products.
>>>Cloud Stocks: Workday has a Milestone Quarter, Builds on its AI and ML Offerings
Enterprise services provider, Workday (NASDAQ: WDAY) recently announced its fourth quarter results that surpassed the market expectations. It was a milestone quarter for Workday as it surpassed the 10,000 customer mark with more than 4,750 of those being core HCM and finance customers. It continues to improve its market offerings by adding AI and ML capabilities to its product lineup.
>>>Palo Alto Networks Faces Growing Competition from Wiz
According to a recent market report, the global cyber security market size is expected to grow at 13% CAGR from $155.8 billion in 2022 to $376.3 billion by 2029. Security player Palo Alto Networks (NYSE:PANW) continues to invest in product upgrades as it deals with increasing competition.
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