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Technology Stocks
Apple Rides High Across All Categories
Earlier this week, Apple (Nasdaq: AAPL) announced its third-quarter results that shattered market expectations across all segments. The company continued to report stellar growth across all product lines delivering double-digit growth overall.
>>>Cloud Stocks: Analysis of Zoom’s Five9 Acquisition
Online video conferencing player Zoom Video Communications (Nasdaq: ZM) has benefited from the pandemic conditions. The company is continuing to expand its market presence through acquisitions. Recently, it announced the acquisition of Five9, its biggest acquisition so far.
>>>Cloud Stocks: Appian Strengthens AI Offerings
According to a recent report, the global business process management market is expected to grow from $8.8 billion in 2020 to $14.4 billion by 2025 at 10.5% CAGR. Reston, Virginia-based Appian (NASDAQ: APPN) is among the leading players in the industry.
>>>Asana Builds Tools for Pandemic Driven Remote Working Conditions
According to a recent market report, the global the global Enterprise Collaboration Market is estimated to grow from $47.2 billion in 2021 to $85.8 billion by 2026, translating to an annualized growth rate of over 12%. The current remote working conditions have accelerated the need for cloud-based collaborative services. Work management platform Asana recently reported results that beat estimates.
>>>Cloud Stocks: Tuya Focuses on Smart Product Distribution
According to a recent report, the global Internet of Things (IoT) market is projected to reach $1.46 trillion by 2027, growing at 25% CAGR from $250.7 billion in 2019, driven by the adoption of AI technologies across industries. China’s Tuya (NYSE: TUYA) went public earlier this year and is expanding its market reach through partner integrations.
>>>Cloud Stocks: Analysis of IBM’s Waeg Acquisition
Big Blue (NYSE: IBM) recently reported its second-quarter results that delivered a surprise stellar performance. The company delivered the strongest revenue growth in three years and outpaced market expectations on both earnings and revenues. The results helped drive its stock upwards by 4%.
>>>Cloud Stocks: Dynatrace Counts on AI to Continue its Market Leadership
According to a recent report, the global Application Performance Management (APM) market is estimated to grow at 11% CAGR to reach $12 billion by 2026 from $6.3 billion in 2020. Dynatrace (NYSE: DT) recently reported another stellar quarterly performance, driven by the growth in the industry.
>>>Cloud Stocks: Analysis of Sumo Logic’s Sensu Acquisition
According to a recent report, the global big data market is estimated to grow from $138.9 billion in 2020 to $229.4 billion by 2025 at 10.6% CAGR. Redwood City-based Sumo Logic (NASDAQ: SUMO) is a leading structured and unstructured data services provider that continues to expand services through acquisitions.
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