Cloud Stocks: Sumo Logic Focuses on Federal Offerings

According to a recent report, the global SaaS market is estimated to grow at 19% CAGR to $702.2 billion by 2030. Redwood City-based Sumo Logic (NASDAQ: SUMO) is a leading SaaS analytics platform that enables reliable and secure cloud-native applications. It recently announced impressive quarterly results.

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Cloud Stocks: BlackLine Expands Google Cloud Partnership

According to a recent report, the global accounting software market is projected to grow 20% annually over the next few years to reach $45.3 billion by 2028. Recently, financial software provider BlackLine (NASDAQ: BL) announced its quarterly results that surpassed market expectations.

Cloud Stocks: Analysis of DigitalOcean’s Acquisitions

According to a recent report, the global serverless architecture market is projected to grow at 23% CAGR to reach $21.1 billion 2025. Digital Ocean (NYSE: DOCN) has been expanding its presence in the market by acquiring smaller players in the market.

Cloud Stocks: Backblaze Builds out a Partner Program

According to a recent market report, the global Cloud Storage Market is expected to grow at 18% CAGR from $77.5 billion in 2021 to $208.1 billion by 2028. San Mateo-based Backblaze (Nasdaq: BLZE) is a rapidly growing player in the market.

Cloud Stocks: Analysis of Adobe’s $20B Figma Acquisition

Adobe (NASDAQ: ADBE) recently reported its quarterly results that continued to outpace market expectations. But the biggest news for the company was its $20 billion acquisition of Figma, a small design startup.

Cloud Stocks: Pure Storage Focuses on Flexible Customer Offerings

According to a recent report, the global NAND flash memory market is expected to grow at 5% CAGR from $66.52 billion in 2021 to reach $94.24 billion by 2027. The current macro trends of AI and machine learning, mobility, and connectivity are helping drive the growth in this market. Pure Storage (NYSE: PSTG) recently reported its second-quarter results that surpassed market expectations.

Cloud Stocks: PagerDuty Focuses on Reducing Manual Intervention within DevOps

According to a recent report, the Global DevOps Market is estimated to grow at 20% CAGR from $7.4 billion in 2021 to reach $37.2 billion by 2030. San Francisco-based PagerDuty (NYSE: PD) recently announced its quarterly results that continued to outpace market expectations.

Cloud Stocks: DocuSign Focuses on Integrations

According to a recent report, the global digital signature market size was estimated to grow at 28% CAGR from $4.4 billion in 2021 to $42 billion by 2030. DocuSign (Nasdaq: DOCU) recently announced its second quarter results that surpassed market expectations, but the company’s outlook was not too impressive.

Darktrace Builds on its Cybersprint Acquisition

According to a recent report, the global cyber security market size is expected to grow 9% annually from $173.5 billion in 2022 to $266.2 billion by 2027 fueled by the increasing adoption of digital transformation tools to streamline operations, increase mobility, and migrate away from on-premise technologies. UK-based Darktrace is a leading AI-based cyber security provider that continues to improve its product offerings to drive market expansion.

Cloud Stocks: Coupa Helps Maximize Savings Efficiency to Tackle Global Economic Conditions

According to a recent report, the Global SaaS-based Expense Management market is expected to grow at 11% CAGR to reach $6.6 billion by 2028. San Mateo-based Coupa (Nasdaq: COUP) recently announced its second quarter results that surpassed market expectations. As economic conditions remain turbulent globally, the company is focusing on delivering added value to its customers.