Cloud Stocks: Oracle’s Focus on Application Platforms Paying Off

Oracle (NYSE: ORCL) recently reported its second quarter results that surpassed market expectations. It remains focused on its platform to allow developers to expand their offerings.

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Zscaler Targets Enterprise and Federal Sectors

Enterprise cloud security company Zscaler (NASDAQ: ZS) recently reported its first-quarter results that continued to outpace market expectations. It has been working on expanding its market reach by focusing on products geared toward the enterprise sector.

Cloud Stocks: Adobe Adds AI Capabilities to Creative Cloud

Adobe (NASDAQ: ADBE) recently reported its quarterly results that outpaced market expectations. The company continues to drive product innovations especially within its creative cloud segment to drive growth.

Cloud Stocks: DocuSign Focuses on Diversifying Portfolio

Recently eSignature player DocuSign (Nasdaq: DOCU) announced its third quarter results that surpassed market expectations. The company is looking to expand its use cases and diversify its product category to drive growth in the coming quarters.

Cloud Stocks: Veeva CRM will Move to Vault Platform

According to a recent report, the Global healthcare cloud computing market is expected to grow at 19% CAGR to reach $128.19 billion by 2028 from $32.44 Billion in 2020. Healthcare Cloud Computing Market player Veeva (NYSE: VEEV) recently announced its quarterly results that continued to surpass market expectations.

Cloud Stocks: Why is Salesforce Stock Down?

Salesforce (NYSE: CRM) recently announced its third-quarter results that outpaced market targets. Despite the strong results, the departure of its Co-CEO, Bret Taylor, and a decline in demand sent the stock falling 5%.

Cloud Stocks: Workday Focuses on Building Partner Ecosystem for Innovation

Despite the uncertain macro-economic conditions, enterprise services provider Workday (NASDAQ: WDAY) feels confident in its ability to deliver. It believes that its cloud-based finance and HR solutions are mission-critical to organizations, making Workday relatively resilient to economic conditions. Its recently announced third quarter results continued to surpass market expectations.

Cloud Stocks: Potential Buyers for Nutanix

According to a recent report, the enterprise cloud computing market is expected to grow 18% annually over the next few years to reach $1.25 trillion by 2027 from $545.8 billion in 2021. Nutanix (Nasdaq: NTNX), recently announced its first quarter results that outpaced market expectations.

Analysis of Palo Alto Networks’ Cider Security Acquisition

According to a recent report, the global cyber security market is estimated to grow at 10% CAGR from $216.11 billion industry in 2021 to reach $478.68 billion by the year 2030. Security player Palo Alto Networks (NYSE:PANW), which recently announced its quarterly results, continues to expand its presence through acquisitions.

GoDaddy Pushes for Commerce Solutions in its Offerings

GoDaddy (NYSE: GDDY) recently reported its third quarter results that failed to impress the market. The company remains focused on profitability, but the slowdown of the global economy has hurt its outlook for the current quarter and the year.