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Technology Stocks
Cloud Stocks: Nutanix Plans to Take on VMWare
According to a report by Market Research Future published last year, the Hybrid Cloud market is estimated to grow at 23% CAGR to reach $173.33 billion by 2025. Enterprise cloud computing player Nutanix (Nasdaq: NTNX) is helping organizations migrate to these multi-cloud environments by improving its product and partner capabilities.
>>>Cloud Stocks: Okta’s Widening Losses Worry Investors, But Growth Metrics Remain Strong
According to a recent report, the global identity and access management market is estimated to grow ar 14.5% CAGR from $13.41 billion in 2021 to reach $34.52 billion by 2028. Corporate identity management software company Okta (NASDAQ: OKTA) recently reported its fourth-quarter results that surpassed market expectations. But the outlook of bigger than expected losses did not please the market.
>>>Cloud Stocks: Salesforce Slows Down M&A to Focus on Integration
Salesforce (NYSE: CRM) recently announced its fiscal fourth-quarter results that continued to surpass market expectations. Despite margin headwinds due to currency pressures and integration of its acquisitions, the company continues to expand across all financial metrics.
>>>Cloud Stocks: Analysis of Veeva’s Veracity Acquisition
According to a Mordor Intelligence report, the healthcare cloud computing market is expected to grow at 14% CAGR to reach $71.730 billion by 2027 from $33.4 billion in 2021. Veeva (NYSE: VEEV) recently reported its fourth-quarter results that continued to surpass all market expectations.
>>>Cloud Stocks: BigCommerce Rides on TikTok’s Growth
Ecommerce platform BigCommerce recently reported its fourth-quarter results that outpaced market expectations. The company is looking to tap into the growing social commerce market to help its customers expand their market reach.
>>>Cloud Stocks: RingCentral Maintains Market Share Leadership in UCaaS Through Partnerships
The global pandemic accelerated the growth of the Unified Communication-as-a-Service (UCaaS) market with vendors like Microsoft and Zoom seeing improvement in their market share. In 2020, the UCaaS subscriber base of both Microsoft and Zoom grew to over 1 million users each. But RingCentral (NYSE:RNG) remained the market leader with a 20% market share.
>>>Cloud Stocks: ON24 Builds a Partner Network
According to a recent report, the global digital experience platform (DXP) market is estimated to grow 12% annually from 2021 to 2028 from $9.20 billion in 2020, driven by organizations looking to deliver integrated, personalized, and optimized user experience and engagement across marketing channels. San Francisco-based ON24, a leading player within the space, recently reported its quarterly results that surpassed market expectations.
>>>Cloud Stocks: Anaplan Expands AWS Relationship
Cloud-based planning software provider Anaplan (NYSE:PLAN) recently reported its third-quarter results that outpaced market expectations for the quarter. The company announced a deep integration with AWS as it works on expanding its market presence.
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