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Technology Stocks
Apple’s Focus on Cloud Services Paying Off
Earlier last week, Apple (Nasdaq: AAPL) announced its fourth quarter results that surpassed market expectations. The stock fell 5% in the after-hours trading session, primarily due to disappointing iPhone sales.
>>>Google Leverages its Partner Program for Cloud
Last week, Google (Nasdaq: GOOG) announced its third quarter results that continued to surpass market expectations. While Google continues to invest in search improvements, it is seeing strong traction in its Cloud offerings.
>>>Big Box Stores vs. Amazon
Despite the current global lockdown and weak economic conditions, Amazon (NASDAQ: AMZN) continued to deliver on all fronts. The pandemic conditions are accelerating growth not only in the cloud business but even in the eCommerce segment.
>>>Clouds Stocks: Atlassian Fortifies its PaaS Ecosystem
Atlassian, a strong PaaS player and among our list of the Top 20 Cloud Stocks for 2020, recently reported results of a strong quarter that beat estimates. It also announced the launch of a new venture fund that will further strengthen its ecosystem strategy.
>>>Cloud Stocks: ServiceNow Well-Positioned for Digital Transformation
Despite the COVID-19 crisis, ServiceNow (NYSE:NOW) continues to outpace all market expectations. It is doubling down on tying up with other technology partners to provide solutions needed to accelerate digital transformations of organizations.
>>>Cloud Stocks: Microsoft’s Partnership with Tom Siebel’s C3 AI is Intriguing
Earlier this week, Microsoft (Nasdaq: MSFT) reported its first quarter results that continued to surpass all market expectations. Its focus on Azure offerings is helping Microsoft gain a bigger market share within cloud services. Analysts believe that the current pandemic conditions are driving spending on cloud services, and Microsoft is making sure it taps into this opportunity.
>>>PluralSight Acquires During Pandemic
A recent Research and Markets report forecasts that the global e-learning market will grow to $325 billion by the year 2025. Besides individual consumers who are flocking to the digital learning resources during the pandemic, organizations are also relying on these technologies to help upskill their globally dispersed employee base. Cedar Valley, Utah-based Pluralsight (Nasdaq: PS) is an e-learning player that recently reported a strong second quarter.
>>>Competition Keeps Increasing for Netflix
Earlier this week, Netflix (Nasdaq: NFLX) reported a mixed third quarter. Not only did the company stumble on its earnings performance, but its subscriber growth for the quarter was also slower than what Netflix had forecast a quarter ago. Its stock tumbled 5% in reaction to the disappointing performance and outlook.
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