Cloud Stocks: Analysis of Rapid7’s Velocidex Acquisition

Recently Rapid7 (NASDAQ:RPD), a leading provider of security analytics and automation, reported its quarterly results that continued to beat market estimates. The company has been on an acquisition spree and recently announced the acquisition of another Australian player.

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Cloud Stocks: Analysis of Zscaler’s Recent Two Acquisitions

According to a recent research report, the global cyber security services market is expected to grow at 10% CAGR to reach $192.7 billion by 2028. Enterprise cloud security company Zscaler (NASDAQ: ZS) recently announced its plans to acquire two small cloud startups TrustDome and Smokescreen Technologies. Its recent quarterly results surpassed market expectations.

Cloud Stocks: Market Leader Tenable Leverages Acquisitions for Growth

According to an IDC report published last year, the global device vulnerability management market was worth $1.2 billion in 2019. Maryland-based Tenable (Nasdaq: TENB) was the leading player in the market with over 27% market share, followed by Qualys at 23% market share. The recent pandemic and global cyberattacks have increased the focus on cyber security and vulnerability solutions.        

Cloud Stocks: DocuSign Sees Digital Signature Trends Here to Stay

Digital signature player DocuSign (Nasdaq: DOCU) recently announced its first quarter results that surpassed market expectations. According to a recent report, the global Digital Signature market is projected to grow at over 20% CAGR to reach $3.8 billion by 2027 from $1 billion in 2020. Many had believed that with the economy reopening, demand for services such as those offered by DocuSign would no longer grow as fast. However, the recent results appear to have proven otherwise.

Cloud Stocks: Five9’s Partnerships Translating to Product Innovations

According to a recent report, the Global Unified Communication as a Service (UCaaS) market is expected to grow 9.6% annually over the next few years to reach $26.2 billion by 2027. Five9 (Nasdaq: FIVN) recently announced its quarterly results that surpassed market expectations.

Cloud Stocks: Smartsheet Remains Focused on Integrations

According to a recent research report, the enterprise collaboration market is estimated to grow from $36.24 billion in 2020 at a CAGR of 11% annually. Smartsheet (Nasdaq: SMAR) is benefiting from this growth. It continues down its integration-based approach and recently announced several new enhancements to drive market growth.

Cloud Stocks: Analysis of Splunk’s TruStar Acquisition

Big data player Splunk (NASDAQ: SPLK) recently announced its first quarter results that surpassed market expectations. The company is continuing to expand its market presence through acquisitions.

Cloud Stocks: Okta Expanding Government Sector Capabilities

According to a recent research report, the global Identity Access Management market is estimated to grow at a CAGR of 15% from $12.3 billion in 2020 to $24.1 billion by 2025.The pandemic conditions have accelerated the growth in the market as organizations look to accelerate their digital transformation and improve their work from home capabilities. Corporate identity management software company Okta (NASDAQ: OKTA) continues to benefit from this transition.

DigitalOcean Expands Container and Kubernetes Capabilities

Recently listed Digital Ocean (NYSE: DOCN) announced its first quarter results since it went public. The company continues to invest in expanding its containerized and Kubernetes offerings to grow market share.

Cloud Stocks: Nutanix Expands Government Vertical Offerings

According to an IDC report, the converged systems market grew a modest 0.2% over the year in the fourth quarter last year. The industry only grew 0.6% during the year. But within the market, the hyperconverged system sales grew 7.4% over the year. Dell remains the leader in the global hyperconverged systems market with a 33% market share. HPE is a distant second with 14% share, followed by Nutanix that recorded a 10% market share in the fourth quarter of the year. Recently, Nutanix (Nasdaq: NTNX), reported its third quarter results that continued to surpass market expectations.