Cloud Stocks: Salesforce Targets Vertical Focused Offerings to Battle Economic Conditions

Salesforce (NYSE: CRM) recently announced its second quarter results that continued to surpass market expectations. But its weaker than expected outlook caused concern as the global recessionary conditions appear to be hitting the tech giants as well.

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Cloud Stocks: Okta Struggles with Auth0 Integration

Earlier this week, corporate identity management software company Okta (NASDAQ: OKTA) announced its second quarter results. While the performance outpaced market expectations, its weaker outlook failed to impress the market. The stock fell 10% in the after-hours trading session driven by the troubling outlook, and the continuing issues faced by the company in integrating its Auth0 acquisition.

Cloud Stocks: Atlassian’s Ecosystem Strategy Keeps it Steady

Recently, Atlassian (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, reported results for a strong fourth quarter that surpassed estimates. Its outlook also exceeded estimates. 

Cloud Stocks: Palo Alto Network’s Transformation Strategy Delivers Results

According to a recent report by Fortune Business Insights, the global cyber security market is projected to grow at 13% CAGR to reach $376.32 billion by 2029 driven by significant adoption of AI and ML capabilities. Security player Palo Alto Networks (NYSE:PANW) is counting on its ability to continue to transform and innovate to expand its market share in the industry.

Cloud Stocks: ON24 Targets $44 Billion Addressable Market

According to a recent report, the global digital experience platform market is expected to grow at 12% CAGR from $10.11 billion in 2021 to reach $25.03 billion by 2029. San Francisco-based ON24 (NYSE: ONTF) continues to expand its footprint in the market through its product upgrades.

Decacorns: Analysis of Gusto’s Acquisitions

According to a recent report, the global cloud-based payroll software market is estimated to grow at 6% CAGR from $11.6 billion in 2021 to reach over $16.8 billion by 2027. San Francisco-based Gusto recently entered the Decacorn club in this space.

Decacorns: Faire Brings Small Retailers Together to Compete with Big Players

According to reports, small businesses in Europe and North America are a $2 trillion market. The recent pandemic has seen even these businesses accelerate their digital transformation. It is mostly incomprehensible to see how these small retailers can compete with the might of retailers like Amazon and Walmart. But there are companies like Faire who are trying to make it a more level field for them.

Decacorns: Devoted Health Focuses on Simplifying Medicare Insurance

According to a recent report, the global InsurTech market is estimated to grow at a whopping 46% annually to reach $114 billion by 2030 from $3.77 billion in 2021. Within the industry, the health care segment is expected to grow to $32 billion by 2030. Waltham, Massachusetts-based Devoted Health is a comparatively smaller player in the market. But it is expanding its geographic footprint one state at a time.

Cloud Stocks: Bill.com Banks on its Organic Flywheel Amid Economic Turbulence

Bill.com (NYSE:BILL), cloud-based provider of financial services for SMBs, is preparing itself for the current economic conditions. As recessionary conditions loom over the economy, Bill.com is convinced that its organic flywheel will continue to prosper.

Decacorns: Analysis of Plaid’s Cognito Acquisition

According to a recent report, the global FinTech-as-a-service market is projected to grow 17% CAGR to reach $681.6 billion by 2028. Financial institutions are looking to fintech-as-a-Service providers to help streamline their procedures. San Francisco-based Plaid is one such player that is trying to make digital financial tools simpler for both users and developers.