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Technology Stocks
Cloud Stocks: Veeva Sees Customer Momentum
According to a Research and Markets report, the global healthcare cloud computing market is expected to grow at 17% CAGR to $51.9 billion by 2024 as companies continue to adopt big data analytics and IoT in healthcare. Veeva (NYSE: VEEV) recently reported its quarterly results that continued to surpass all market expectations.
>>>Cloud Stocks: Splunk is on a Shopping Spree
Big data player Splunk (NASDAQ: SPLK) recently announced its third quarter results that failed to impress the market. The company has been on an acquisition spree to add several companies that complement its focus on building one of the most comprehensive observability offerings in the industry.
>>>Salesforce’s Slack Acquisition: An Analysis
For the recently reported quarter, Salesforce (NYSE: CRM) crossed a milestone of $20 billion in annual revenues. But the market has been abuzz with the news of its $27.7 billion acquisition of Slack.
>>>Cloud Stocks: Zoom Investing in Security
Online video conferencing player Zoom Video Communications (NASDAQ: ZM) continues to benefit from the ongoing global lockdown conditions. As organizations and educational institutions struggle to open doors in-person, video and audio conferences remain an active mode of collaboration, translating to Zoom’s rapid revenue increase.
>>>Cloud Stocks: BlackLine Expands in Order-to-Cash Market
According to a recent report by Research and Markets, the global account reconciliation software market is expected to reach $4.5 billion by 2026, growing at a CAGR of 17.6%. BlackLine (NASDAQ: BL) is a leading player in the market that recently reported a strong third quarter that surpassed all market expectations.
>>>Cloud Stocks: Workday and Anaplan Executing Well Amid Pandemic
Enterprise services provider Workday (NASDAQ: WDAY) and planning software provider Anaplan (NYSE:PLAN) recently reported strong results for the third quarter that beat analyst estimates. Both Workday and Anaplan compete in the Enterprise Performance Management (EPM) market, which is expected to grow at a CAGR of 8.5% to $4.4 billion by 2024 from $3.9 billion in 2019.
>>>Cloud Stocks: Nutanix Builds a Kubernetes PaaS
Earlier this week, enterprise cloud computing player Nutanix (Nasdaq: NTNX) reported its first quarter results that surpassed market expectations. Better than expected financial performance for the quarter sent the stock soaring 10% in the after-hours session. Nutanix continues to invest in its cloud-focused strategy, assuring investors of continuing growth.
>>>GoDaddy’s Security Falls Short
Internet domain provider GoDaddy (NYSE: GDDY) delivered another strong quarter recently. But last week, the company was in the news primarily because of the several cyber security attacks it faced on its cryptocurrency services.
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