Zeta Global Charges to $1 Billion Revenue Target

According to a recent research, the global digital advertising market is expected to grow at14% CAGR to reach $786.2 billion by 2026. The pandemic lockdowns had driven significant increase in online traffic, and in turn accelerated the opportunities for companies to keep their target audience engaged through digital marketing initiatives. Zeta Global (NYSE:ZETA) is a leading player in the advertising market that is benefiting from this growth.

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Cloud Stocks: Analysis of ServiceNow’s Hitch Works Acquisition

ITSM leader ServiceNow (NYSE: NOW) recently reported results for a mixed second quarter. Uncertain economic conditions and elongated deal cycles have dampened ServiceNow’s outlook for the year. However, its 99% renewal rate and impressive large deal metrics make it an attractive long-term bet.

Reddit Decides to List, Finally

According to a recent eMarketer survey, when it comes to social media sites accessed by the US users, Reddit ranks 8^th with over 46 million users. While Facebook and Instagram are the leaders by a fair margin, Twitter came in close at 56 million users. After staying away from a listing for over 15 years, Reddit appears to be willing to test the stock markets out. Last year, it filed confidentially to go public. It has yet to disclose finer details of the listing though.

Cloud Stocks: Amazon’s Twin Engines of AWS and Prime Make it Resilient

Following a tepid first quarter, tech giant Amazon (NASDAQ: AMZN) has delivered a better than expected second quarter revenue and provided a rosy outlook.

Apple Doesn’t Fear Economic Uncertainty

Earlier last week, Apple (Nasdaq: AAPL) announced its third-quarter results that surpassed market expectations but showed a slowdown in growth for the company.

Cloud Stocks: Microsoft’s Momentum in Commercial and Cloud Keeps it Steady

Last week, Microsoft (NASDAQ: MSFT) reported results for its fourth quarter which missed analyst estimates. This was its slowest quarterly growth since 2020 as worsening foreign exchange rates and weakness in PC demand and advertising spending took a toll. However, it provided a resilient outlook of double digit growth for FY23 based on sustained momentum in its cloud business.

Cloud Stocks: Google Hones its Search Tech

Google’s (Nasdaq: GOOG) recent second-quarter results failed to meet the market’s expectations. The company is feeling the impact of macro-economic conditions as organizations brace themselves for the rising costs amid inflationary pressures.

Cloud Stocks: Snowflake Leverages the Streamlit Acquisition

According to a recent report, the Big Data market is projected to grow at 11% CAGR from $162.6 billion in 2021 to $273.4 billion by 2026. San Mateo-based Snowflake (NYSE:SNOW) is a leading data warehouse solution provider that recently announced its quarterly results.

Cloud Stocks: monday.com Builds Capabilities for its App Marketplace

According to a recent report, the digital transformation market is estimated to grow at 22% CAGR to reach $3.55 trillion by 2028. Israel-based monday.com (Nasdaq: MNDY), which went public last year, provides organizations with cloud-based solutions to drive this digitization. It recently reported strong first quarter results.

CLEAR Leverages Whyline Acquisition for Growth

As the pandemic restrictions have eased, air travel has increased significantly. The number of air passengers carried from January to April 2022 increased by 65%, while aircraft flight departures increased by 30% during this period. Recently listed CLEAR (NYSE: YOU) is a leading provider of biometrics screening for security services used especially at airports. The company is benefiting from this increased travel.