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Technology Stocks
Cloud Stocks: Pure Storage Expansion into Hybrid Cloud Fueled by Portworx Acquisition
According to a recent report, the global NAND Flash Memory market is expected to grow from $56.43 billion in 2020 to $105.54 billion by the end of 2027 at a CAGR of 11%. Mountain View-based Pure Storage (NYSE: PSTG) recently reported its first quarter results that surpassed market expectations. The company continues to add products to its portfolio to support the growth of the hybrid cloud adoption.
>>>Cloud Stocks: Shopify Focuses on Social Commerce
Earlier last month, Ontario-based Shopify (NYSE:SHOP) announced its quarterly results that continued to surpass market expectations. Shopify has been investing in the growth of its social commerce and fulfillment network capabilities and its PaaS ecosystem story remains impressive.
>>>Cloud Stocks: Zendesk’s Products Help Increase Average Deal Size
According to a recent report, the global Complaint Management Software Market is expected to grow at 11% CAGR 2028. Zendesk (NYSE: ZEN) is a leading player in the market that continues to outpace market’s forecast. Rival Freshworks is not too far away, preparing for its IPO.
>>>Zeta Global Eyes an IPO, Yet Again
According to eMarketer, global marketing spend is expected to grow to $841 billion by 2024 from $647 billion in 2019 at a CAGR of 5%. Digital marketing spend accounted for $325 billion in 2019 and is expected to grow 10% annually to $526 billion by 2024. IDC estimates marketing software spend worldwide to grow 13% annually over the same forecast period to $35.5 billion by 2024. Zeta Global is a leading marketing analytics provider that focuses on AI and ML capabilities within the space.
>>>Cloud Stocks: HubSpot’s PaaS Ecosystem Revenues Expected to Grow Rapidly
Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its first quarter results that continued to surpass market expectations. HubSpot has been expanding its product offerings to make bigger inroads within the organization while remaining focused on its PaaS strategy.
>>>Cloud Stocks: Analysis of Twilio’s Zipwhip Acquisition
According to a Grand View Research market report, the global unified communication as a service market is expected to be worth $38.74 billion this year and is expected to grow at 24% CAGR from 2021 to 2028. Communications PaaS player Twilio (NYSE: TWLO) recently announced its first quarter results that surpassed market expectations. Twilio is expanding its presence through acquisitions and partnerships.
>>>Cloud Stocks: Wix Goes on an Acquisition Spree
Israel-based Wix.com (Nasdaq:WIX) has seen significant expansion due to the recent Covid crisis. The company recently reported its first quarter results that surpassed market expectations. During the quarter, Wix continued to add capabilities through acquisitions.
>>>Cloud Stocks: GoDaddy Expands Registry Catalog
According to an IBIS World report, web domain name sales in the US are estimated to grow to $3.5 billion in 2021 at a CAGR of 4% over 2016-2021. Internet domain provider GoDaddy (NYSE: GDDY) recently announced its first-quarter results that were a mixed bag.
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