Cloud Stocks: Teradata Trying to Reinvent Itself on the Cloud

According to a Market Research Future report, the global big data analytics market is estimated to grow at 29% CAGR to $132.9 billion by 2026. Teradata (NASDAQ: TDC) is an old player in the market that is trying to reinvent itself on the cloud. The company recently announced its fourth quarter results that shows declining revenues. The company may need to acquire relevant cloud players to turn around.

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Cloud Stocks: Okta Targets $25B Customer Identity Market with Acquisition

According to a recent Fortune Business Insights report, the global identity access management (IAM) market is estimated to grow to $24.76 billion by 2026 at a CAGR of over 13%. Corporate identity management services provider Okta (NASDAQ: OKTA) recently announced its quarterly results that surpassed market expectations. Okta also recently made its biggest acquisition, as it strives to make bigger inroads within the customer identity access management (CIAM) market.

Cloud Stocks: BlackLine is Targeting A/R Automation Market

According to a recent Comserve report, the global accounts receivable (A/R) automation market is estimated to grow at 12.7% CAGR over 2020 to 2025. The current pandemic has accelerated the need for an efficient A/R collections process as the A/R management is critical in helping businesses complete their order-to-cash process. BlackLine (NASDAQ: BL) is leveraging its recent acquisition to make inroads in this market.

Cloud Stocks: Veeva Sets an Example, Transitions to a Public Benefit Corporation

According to a Technavio report, the global healthcare cloud computing market is estimated to grow by $25.5 billion or 23% CAGR over the period 2020-2024. Veeva (NYSE: VEEV) recently reported its fourth-quarter results that continued to surpass all market expectations. The company recently transformed into a Public Benefit Corporation, becoming the first public company ever to do so.

Cloud Stocks: Splunk on the Right Track with Cloud and PaaS

Big data player Splunk (NASDAQ: SPLK) recently announced its fourth quarter results that surpassed market expectations. But as the company transitions from an on-premise to a subscription-based cloud software provider, its financials have suffered in the short-term. Revenues have declined year on year and margins remain elusive. But it has made the right moves so far by remaining focused on cloud, subscriptions, and PaaS.

As Expected, Pure Storage Leveraging Portworx Acquisition Successfully

According to a recent report, the global NAND flash memory market is estimated to grow from $46.62 billion in 2020 to $85.36 billion by 2026 at a CAGR of over 11%. Mountain View-based Pure Storage (NYSE: PSTG) recently reported its fourth quarter results that surpassed market expectations.

Cloud Stocks: C3.ai Should Do ISV Focused PaaS

According to a recent report, the global enterprise AI software market is estimated to grow at 24% CAGR from $18 billion in 2020 to reach $44 billion by 2024. Tom Siebel’s C3.ai (NYSE: AI) is a recently listed player in this market, which announced its third quarter results that surpassed market’s expectations.

Cloud Stocks: Workday Drives Enterprise Use Cases Through PaaS, as Anaplan Taps Into Consultants

According to a recent report, the global cloud-based ERP market size is expected to grow from $45.3 billion in 2020 to $101.1 billion by 2025 at a CAGR of over 17%. SaaS-based enterprise services provider Workday (NASDAQ: WDAY) recently announced its fourth quarter results that continued to outpace market expectations.

Cloud Stocks: After Acquisitions, Five9 Focuses on Channel and Network Partnerships

According to a recent report, the global cloud-based contact center market is estimated to grow to $56.4 billion by 2028 from $11 billion in 2021 at a CAGR of over 22%. Five9 (Nasdaq: FIVN), a leading provider of cloud software for contact centers, is already witnessing strong growth and is upping its partner and product offerings to make it even bigger.

Cloud Stocks: Salesforce can Transform Slack PaaS, But Acquisition Still Pending

Salesforce (NYSE: CRM) recently announced its fiscal fourth-quarter results that surpassed market expectations. While the company continues to grow through acquisitions and product development, its weak earnings outlook for the current year sent the stock falling 5% in the after-hours session.