Uber and Lyft Struggle Post-IPO

This has been a big year for ride sharing companies as the giants in the space – Uber and Lyft – both went public this year. Uber (NYSE: UBER) delivered the biggest IPO of the year and analysts were expecting a lot from Lyft (NASDAQ: LYFT) as well. But since going public, both companies have struggled to retain and grow their valuation. Investors are becoming more realistic about valuations and are clearly paying heed to some financial metrics when assigning the values to the businesses.

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Cisco’s Stream of Acquisitions Unable to Counter China Concerns

President Trump’s recently introduced tariff hikes against China have begun to hurt the US stock market. Recently, networking giant Cisco (Nasdaq: CSCO) reported its quarterly results. While the reported quarter’s performance outshone market expectations, the outlook was a big disappointment. The company blamed the low outlook on the growing trade concerns with China.

Shopify Soars to New Highs

Shopify (NYSE:SHOP), a leading cloud-based commerce platform that helps SMBs run their business through both physical and digital storefronts, recently announced results for a strong second quarter that surpassed estimates. Over the past year, its stock has soared over 150%.

Will eBay Sell StubHub and Classifieds?

eBay (Nasdaq: EBAY) recently reported its second quarter results that surpassed market expectations. The company is now mulling over splitting up, yet again. A few years ago, eBay had spun off PayPal to a separate company, and now it is considering a similar fate for StubHub and its Classifieds business.

Zendesk Next Targets WhatsApp Users

According to a recent Marketers Media report, the global helpdesk automation market is estimated to grow 33% annually to $11 billion by 2023. Earlier this month, Zendesk (NYSE: ZEN), a leading player in the market reported its second quarter results that were well received by the market.

Rapid7 Strengthens Product Ties with AWS

According to a recent report, the global security and vulnerability market is estimated to grow 10% through the year 2023. Earlier this month, Rapid7 (Nasdaq: RPD), a leading player in the industry, recently announced its second quarter results that surpassed all market expectations.

RingCentral Poised to Cross $1B Revenue in 2020

According to a recent research report, the global unified communications market is estimated to grow 17% to $167.1 billion by the year 2025 driven by the continued use of cloud-based solutions for communication across enterprises. Recently, RingCentral (NYSE:RNG), a leading cloud-based communications platform provider announced its quarterly results that sent the stock soaring to record high levels.

AppFolio Scaling via Capital-Efficient Acquisitions

According to Gartner, the worldwide public cloud services market is projected to grow 17.5% to $214.3 billion in 2019. AppFolio (NASDAQ: APPF) is a SaaS player operating in niche vertical markets like real estate management and law practice management.  

Cloud Stocks: Partnerships are the Mantra for BlackLine

According to a Market Study Report published earlier this year, the global cloud accounting software market is expected to grow 9% annually to $4.3 billion by the year 2024. The researcher pegs the industry’s revenues at $2.63 billion for the current year. Cloud-based financial software provider, BlackLine (Nasaq: BL) is a leading SaaS-based financial software solution that recently announced another stellar performance.

Will Paycom be Acquired?

According to a Research and Markets report, the global human capital management (HCM) market is expected to grow 9% annually over the next few years to $29.9 billion by 2023. The HCM industry includes software solutions for core HR, payroll & compensation management, performance management, learning, talent acquisition, workforce management, and benefits administration. The industry growth is expected to be fueled by the continued adoption and implementation of SaaS-based solutions.