Facebook (Nasdaq: FB) had a tough 2018 as it dealt with several concerns on privacy, fake news, and emotional well-being of its users. The stock had soared to a record high last summer before it reported a decline. It still hasn’t recovered to its former glory, but 2019 is proving to be more promising so far. Its recent fourth quarter result announcement sent the stock climbing nearly 11% in a single day – making it the biggest single day climb recorded by the company in the last two years.
Early this month, Apple (NASDAQ: AAPL) CEO Tim Cook had warned of a bleak first quarter, the first-ever decline in a holiday quarter due to decline in Greater China. Last week, Apple announced the details of its earnings. The bright spot in its earnings was its performance in Services. >>>
Earlier this week, Microsoft (Nasdaq: MSFT) reported a mixed quarterly result. While revenues missed the market’s forecast, it managed to deliver a slight earnings beat. Its cloud business continued to deliver growth, but Microsoft Azure’s performance failed to impress.
According to a Reports Monitor report published last year, the global digital signature market is estimated to grow by more than 31% annually over the next six years. Billion Dollar Unicorn DocuSign (Nasdaq: DOCU) is a leading player in the segment that is counting on growth driven by the increasing penetration of internet and the growing acceptance of e-signatures in the Banking, Financial services, and Insurance sector.
According to a Zion Market research report, the global hadoop market was estimated to grow at CAGR of 50% to $87.14 billion by the end of 2022. Billion Dollar Unicorn Cloudera (NYSE: CLDR) is a leading player in the segment which recently strengthened its standing in the market by announcing its merger with rival Hortonworks.
A recent GM Insights report estimates the global endpoint security market to grow to more than $7.5 billion by 2024 driven by the rising adoption of Bring-Your-Own-Devices (BYOD) in organizations. Waltham, Massachusetts-based Carbon Black (Nasdaq: CBLK) is a leading player in this industry.
Six months back, B2B SaaS vendor Freshworks, formerly known as Freshdesk, raised $100 million at a post-money valuation of $1.5 billion, marking its entry into the Billion Dollar Unicorn Club. It recently reported profitability in FY2017-2018 ending March 2018. Unlike most other unicorns, Freshworks has an eye on fundamentals, a byproduct, I should like to believe, of my badgering them for years. After my recent Bootstrapping to an Exit article, I have been analyzing the acquisition strategies of Indian companies like Zomato and CarDekho. Freshworks is a unicorn that has expanded its product portfolio with nine strategic acquisitions of capital-efficient startups. >>>
According to an eMarketer report, Netflix (Nasdaq: NFLX) accounted for nearly 86.7% of the US subscription Over-the-Top (OTT) video users in 2018. In 2019, the US OTT viewership is estimated to grow 2.5% to 205 million people with Netflix expected to retain market leadership. But there are several players in the market wanting to challenge its dominance. The competition in the market is surely heating up.