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Technology Stocks
Cloud Stocks: HubSpot Expands Content Offering Through Acquisition
According to a recent Grand View Research report, the global digital marketing software market is expected to reach $151.8 billion by 2027, growing at an annualized rate of 17.4% from 2020. Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its fourth quarter results that surpassed market expectations.
>>>Cloud Stocks: Twilio Soars, Focuses on Social Initiatives
Communications PaaS player Twilio (NYSE: TWLO) recently announced its fourth quarter results that surpassed market expectations. The market was impressed with its performance and the company saw its stock soaring to record high levels in the after-hours trading session.
>>>Cloud Stocks: Datadog on an Acquisition Spree
The recent pandemic has accelerated digital transformation across organizations. Datadog (NASDAQ: DDOG), a provider of essential monitoring and security platform for cloud applications, recently announced its quarterly results that outpaced market expectations. The company has made several acquisitions within the industry to expand its market offerings.
>>>Cloud Stocks: Like Wix, GoDaddy Needs to Focus on PaaS
The global pandemic has accelerated the digital transformation movement across all industries. While larger organizations are focusing on transforming their business processes, smaller businesses are accelerating the creation of their online avatars. Internet domain provider GoDaddy (NYSE: GDDY) is helping SMBs make this transition by continuing to add product offerings geared towards their needs.
>>>Cloud Stocks: Domo Needs to Open up About PaaS Metrics
According to a recent report, the global Business Intelligence and Analytics Software market size is projected to reach $33.77 billion by 2026, from $23.94 billion in 2020, translating to an annualized growth rate of 6% in the forecast period. Utah-based Domo (NASDAQ: DOMO) recently announced its third quarter results that surpassed all market expectations. The company remains focused on product improvements and partner expansion to drive growth.
>>>Cloud Stocks: SurveyMonkey Remains Focused on APIs, ISV PaaS Still Missing
According to a recent report by Technavio, the global online survey software market is expected to grow at 9% CAGR through 2024. SurveyMonkey (Nasdaq: SVMK) recently reported its third quarter results that surpassed all market expectations, but its outlook was disappointing.
>>>Cloud Stocks: Qualys Focuses on SaaS App Security
According to a recent Markets and Markets report, the global security and vulnerability management market is expected to grow 5% annually to $15.5 billion by 2025 from an estimated $12.5 billion in 2020. Cloud services security provider Qualys (Nasdaq: QLYS) recently announced its fourth quarter results that outpaced market expectations. Qualys is building on its partnerships to continue to drive growth.
>>>Cloud Stocks: Is SAP Acquiring Alteryx?
According to a recent Market Research Future report, the Global Data Analytics Market is estimated to grow at 29% CAGR to reach $132.9 billion by the year 2026 from $23 billion in 2019. Data science and analytics platform provider Alteryx’s (NYSE: AYX) recently announced its fourth quarter results that surpassed market expectations. There is a lot of speculation in the industry that SAP is in the process of acquiring Alteryx.
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