Proofpoint Doubles Down on Product and Go-To-Market Changes

According to a Grand View Research report published earlier this year, the global cyber security market is estimated to grow 11% annually through to 2025. The researcher estimates the industry to have generated $116.5 billion in revenues last year. Enterprise email security, e-discovery and compliance service provider, Proofpoint (Nasdaq: PFPT), recently announced its second quarter results that continued to surpass market expectations.

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Cloud Stocks: ServiceNow Believes Strength Lies in Tie-ups

Cloud-based enterprise services provider ServiceNow (NYSE: NOW) recently announced its second quarter results that outpaced market expectations. Right after the results, its stock registered a 60% price increase since the start of the year. Given ServiceNow’s growing tie-ups to expand market reach, that growth will most likely continue.

A Healthy Twitter Soars

After a decade of losses, layoffs, and declining usage, Twitter finally looks fit. It has had seven straight profitable quarters and usage has been steadily rising in the past two years. Its shares soared 44% following its recent strong quarter.

Qualys Banks on Product Innovation

According to a recently published report, the global device vulnerability management market is estimated to grow 13% annually from $5.97 billion in 2019 to $16.3 billion by the end of 2025. Earlier this week, cloud-based security service provider Qualys (Nasdaq: QLYS) reported its second quarter results that surpassed market expectations.

Cloud Stocks: Atlassian Crosses the Billion Dollar Revenue Milestone

Productivity software provider Atlassian (Nasdaq: TEAM) recently announced its fourth quarter results that surpassed all expectations. This was the first year that Atlassian crossed the $1 billion revenue milestone while generating more than $400 million in free cash flow.

Apple Seeks Life Beyond the iPhones

Apple (Nasdaq: AAPL) recently reported its third quarter results that surpassed market expectations despite a weak performance of the iPhones. Apple is trying to wean itself away from its dependence on iPhone sales and the recent quarter results suggest that it may be succeeding at that. It delivered strong performance on other segments including the wearables and its streaming service.

Google Cloud Gaining Market Share

Earlier last week, Google’s parent Alphabet (Nasdaq: GOOG) reported its second quarter results that surpassed market estimates and sent the stock climbing 8% in the after-hours trading session. This was the biggest one-day gain for Alphabet in the last four years and a pleasant change from the last quarter’s disappointing performance.

Should Amazon Remain One Company?

Amazon (NASDAQ: AMZN) last week reported a mixed quarter. Its earnings missed estimates while revenue growth was strong. Its cloud segment AWS missed analyst sales estimates.

Facebook on Thin Ice with Payment Foray

This week, Facebook (NASDAQ: FB) reported a strong quarter that beat analyst estimates. Market has reacted positively to its strong quarter and the recent FTC settlement.

Cloud Stocks: CrowdStrike Has a Successful IPO

According to a report by Markets and Markets, the global endpoint security industry is estimated to grow at a CAGR of 9.92% from $11.8 billion in 2018 to $19.69 billion by 2024. CrowdStrike (NASDAQ: CRWD) is an endpoint security player that went public last month. Last week, it reported results of an impressive first quarter.