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Technology Stocks
Cloud Stocks: Analysis of Coupa’s LLamasoft Acquisition
The pandemic conditions have forced all organizations – big and small – to look at their expenses more closely. Organizations are reaching out to business spend management services providers to create efficient financial models. San Mateo-based Coupa (Nasdaq: COUP) is benefiting from its cloud-based model that helps these organizations manage spend. It is also adding AI capabilities to its portfolio to stay ahead of the curve.
>>>Cloud Stocks: Analysis of Pure Storage’s Portworx Acquisition
According to a recent report, the global 3D NAND Flash Memory market size is projected to grow at 21% CAGR to $47.8 billion by 2026 from $15.54 billion in 2020. Mountain View-based Pure Storage (NYSE: PSTG) recently reported its third quarter results that surpassed market expectations. The company is transitioning to a subscription-based model for storage to drive growth.
>>>Cloud Stocks: nCino’s AI Products Help it Soar
Earlier this year, cloud-based FinTech company nCino (Nasdaq: NCNO) went public. nCino helps accelerate digital journeys for financial institutions across the globe and its recent AI-based products are helping its stock soar despite the current turbulent conditions.
>>>Cloud Stocks: Adobe Acquires to Address Growing Market Opportunity
Adobe (NASDAQ: ADBE) recently reported its quarterly results that outpaced market expectations. The company continues to drive acquisitions and product innovations to address a $147 billion total addressable market opportunity.
>>>MongoDB – Oracle’s Missed Opportunity
Database-as-a-Service provider MongoDB (Nasdaq: MDB) recently reported its third quarter results that surpassed market expectations. The stock gained 8% in reaction to the result announcement.
>>>Cloud Stocks: Can Okta Keep the Momentum Going?
According to a recent report by Verified Market Research, the Global Identity and Access Management Market is estimated to grow at 13% CAGR from $11.8 billion in 2019 to reach $29.8 billion by 2027. The continuing global lockdown conditions and the adoption of cloud computing technologies are driving the stellar growth in the industry. Okta (NASDAQ: OKTA) is witnessing the benefits of this growth first hand.
>>>Qualys Should Focus on a PaaS Strategy
Earlier this month, cloud services security provider Qualys (Nasdaq: QLYS) announced its third quarter results that continued to impress the market. Qualys continues to invest in product development to gain bigger traction in the market.
>>>Cloud Stocks: Palo Alto Networks Has Missed the Window to Buy Zscaler
According to a recent report, the global enterprise cyber security market size is estimated to grow 7% annually over the next few years to become a $177.5 billion industry. The industry was pegged at $107.8 billion last year. Security players like Palo Alto Networks (NYSE:PANW) and Zscaler (NASDAQ: ZS) are seeing significant growth in their revenues and investing in product upgrades, partnerships, and acquisitions to help cash in on the trend.
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