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Technology Stocks
Cloud Stocks: Is Alteryx Being Acquired?
According to a Markets and Markets report, the global data science platform market is expected to grow at 30% CAGR to reach $140.9 billion by 2024 from $37.9 billion in 2019. Data science and analytics platform provider Alteryx (NYSE: AYX) recently announced its stellar quarterly results. The company continues to add to its partner portfolio to drive market expansion.
>>>Cloud Stocks: HubSpot Continues to Grow its App Marketplace
Inbound marketing specialist HubSpot (NYSE: HUBS) recently reported its second-quarter results that continued to surpass market expectations. HubSpot is focusing on expanding its partner network and app development capabilities to fully leverage the power of PaaS.
>>>Cloud Stocks: Zendesk Should Look at Acquisitions
Recently Zendesk (NYSE: ZEN) announced its second-quarter results that continued to outpace market estimates. The company has seen a strong improvement in most of its metrics during the pandemic.
>>>Wix Expands Market Reach with Vistaprint Partnership
According to a report published earlier this year, the global Website Builder Software market is expected to grow at 9% CAGR to reach $13.6 billion by 2026. Israel-based Wix.com (NASDAQ: WIX) is seeing strong growth itself as it continues to support smaller businesses to expand their digital presence amid the current Covid crisis.
>>>Cloud Stocks: Momentive, Formerly SurveyMonkey, Adds Analytics to Offerings
Earlier this summer, online survey services provider SurveyMonkey announced its plans to rebrand itself as Momentive. The company believes that Momentive (Nasdaq: MNTV) will capture its history of providing intuitive, agile software solutions, allowing decision-makers to act with speed and agility.
>>>Cloud Stocks: Guidewire Focuses on Building its Partner Network
According to a recent report, the insurance software market is expected to grow by $7.3 billion during 2021-2015 at a CAGR of 8%. San Mateo-based, Guidewire Software (NYSE: GWRE) is a leading player in the market that recently announced its third quarter results. The company continues to build onto its partner network to drive market growth.
>>>Analysis of Medallia’s Acquisition
The global customer experience management (CXM) software market is expected to grow at 17.5% CAGR to reach $27.1 billion by 2028. Medallia (NYSE: MDLA), a leading player in the market, recently announced its plans to go back to being a privately held organization.
>>>Guardant Health Expands Precision Oncology Offerings
According to a recent report, the global Precision Medicine Market is set to grow beyond $112 billion by 2027. Precision medicine helps doctors detect the onset of health aliments at their earliest stages. The growth in the market is expected to be driven by significant advancements in cancer biology, the availability of large-scale human genome databases, and the development of computational tools. Advanced genetic technologies examine the effects of genetic changes that are responsible for cancer and these tools are being used to study DNA repair and damage, changes related to cancer, and gene regulation in cancer cells that is boosting the growth of the industry. Redwood City-based Guardant (NASDAQ: GH) is a leading provider of precision oncology solutions that recently reported its second-quarter results.
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