As Expected, Pure Storage Leveraging Portworx Acquisition Successfully

According to a recent report, the global NAND flash memory market is estimated to grow from $46.62 billion in 2020 to $85.36 billion by 2026 at a CAGR of over 11%. Mountain View-based Pure Storage (NYSE: PSTG) recently reported its fourth quarter results that surpassed market expectations.

Featured Videos

Cloud Stocks: C3.ai Should Do ISV Focused PaaS

According to a recent report, the global enterprise AI software market is estimated to grow at 24% CAGR from $18 billion in 2020 to reach $44 billion by 2024. Tom Siebel’s C3.ai (NYSE: AI) is a recently listed player in this market, which announced its third quarter results that surpassed market’s expectations.

Cloud Stocks: Workday Drives Enterprise Use Cases Through PaaS, as Anaplan Taps Into Consultants

According to a recent report, the global cloud-based ERP market size is expected to grow from $45.3 billion in 2020 to $101.1 billion by 2025 at a CAGR of over 17%. SaaS-based enterprise services provider Workday (NASDAQ: WDAY) recently announced its fourth quarter results that continued to outpace market expectations.

Cloud Stocks: After Acquisitions, Five9 Focuses on Channel and Network Partnerships

According to a recent report, the global cloud-based contact center market is estimated to grow to $56.4 billion by 2028 from $11 billion in 2021 at a CAGR of over 22%. Five9 (Nasdaq: FIVN), a leading provider of cloud software for contact centers, is already witnessing strong growth and is upping its partner and product offerings to make it even bigger.

Cloud Stocks: Salesforce can Transform Slack PaaS, But Acquisition Still Pending

Salesforce (NYSE: CRM) recently announced its fiscal fourth-quarter results that surpassed market expectations. While the company continues to grow through acquisitions and product development, its weak earnings outlook for the current year sent the stock falling 5% in the after-hours session.

Cloud Stocks: Acquisitions and Product Upgrades are the Mantra for Palo Alto Networks

According to a recent market report, the global cyber security market is expected to expand 10% annually over the period 2020 to 2027. Security player Palo Alto Networks (NYSE:PANW) recently announced its milestone quarter where it crossed a billion dollar in revenues.

Cloud Stocks: RingCentral Acquires and Adds Partners, But PaaS is Still Missing

According to a recent market report, the global Unified Communication-as-a-Service (UCaaS) market is expected to grow at a CAGR of 23.5% from $38.74 billion in 2020 to $169.63 billion by 2027. Leading UCaaS service provider RingCentral (NYSE:RNG) recently announced its fourth quarter results that continued to surpass market expectations.

Gig Economy Growth Helps Upwork Soar

According to a study published last September, more than a third of the American workforce is working freelance amid the pandemic. They add $1.2 trillion to the US economy, a number that has grown 22% over the year. The increased unemployment due to the pandemic has accelerated this growth. Upwork (NASDAQ: UPWK) recently reported its fourth-quarter results that saw stellar growth as well.

Cloud Stocks: Shopify and BigCommerce Building API-based Ecosystems

Ontario-based Shopify (NYSE:SHOP) recently announced its fourth-quarter results that surpassed all market expectations. Nothing seems to be stopping Shopify as it continues to invest in its platform and business.

Cloud Stocks: Zendesk Adds Products, While Freshdesk Keeps Acquiring

Recently, CRM service player Zendesk (NYSE: ZEN) announced its fourth-quarter results that surpassed the market’s expectations. Rival Freshworks also released a peek into its financials that reveals stellar growth. Many believe that Freshworks may be eyeing a listing this year.