Cloud Stocks: Atlassian Makes over $100M in PaaS in 2020

Last week, Atlassian (NASDAQ: TEAM), a leading provider of team
collaboration and productivity software, reported its second quarter results that surpassed estimates. Atlassian has been focusing on becoming a cloud-first company and recently announced a three-year migration path to the cloud for on-premises customers.

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Analysis of Apple’s AppStore Business and More

Earlier this week, Apple (Nasdaq: AAPL) announced another blowout quarter. While the pandemic has curtailed sales in physical stores, Apple’s continuous product upgrades has helped it accelerate its sales significantly.

Cloud Stocks: DocuSign Leverages AI in Product Innovation

According to a recent report, DocuSign (NASDAQ: DOCU) is the leader in the e-signature market with more than 70% of the global digital signature and document services market. The continued pandemic and lockdown conditions have helped it remain in lead. The company recently announced its quarterly results that continued to outpace market expectations.

Cloud Stocks: Bill.com Focuses on Mobile and AI

The continuing pandemic conditions are driving up demand for services such as those offered by Bill.com (NYSE:BILL). Bill.com listed last December and despite uncertain times, it continues to see its stock soar.

Cloud Stocks: Box Knows it’s All About PaaS

According to a Verified Market Research report, the global enterprise collaboration market was valued at $29.45 billion in 2019 and is projected to grow to $53.26 billion by 2026 at a CAGR of over 8%. However, the recent COVID-19 driven virtual working conditions have accelerated the growth in this market. Box (NYSE: BOX) continues to add capabilities and integrations to its offerings to meet this growing demand.

Cloud Stocks: IBM Trying and Failing to Reignite Growth

IBM (NYSE: IBM) reported its fourth-quarter results this week that continued to miss the market’s expectations on revenues. It is acquiring several cloud and AI-focused organizations to fuel its primary growth engine. But the transformation is taking longer than the market appears to have patience for. Its stock fell 7% in the after-hours trading session post the result announcement.

Cloud Stocks: Cloudera Grows Through Acquisition

According to a Research and Markets report, the global Hadoop market was valued at $26.74 billion in 2019 and is projected to grow at 38% CAGR to $340.35 billion by 2027. Cloudera (NYSE: CLDR) is a leading player in the market that continues to deliver strong quarterly results. The company has been expanding its offerings by adding new products and acquiring smaller players.

Netflix Delivers Stellar Subscriber Growth

Earlier this week, Netflix (Nasdaq: NFLX) reported its fourth-quarter performance that surpassed all market expectations. The significant increase in its subscriber base helped the stock soar. In the after-hours trading session, the stock climbed an impressive 12%.

Cloud Stocks: Sumo Logic’s IPO Going Strong

According to an Allied Market Research report, the global big data and business analytics market size is estimated to grow at 11% CAGR to $420.98 billion by 2027. Conducting analytics on structured data is relatively simpler when compared with conducting analytics on unstructured data. Redwood City-based Sumo Logic (NASDAQ: SUMO) was set up in 2010 to provide organizations with the ability to harvest structured and unstructured data from application infrastructure and mobile sources to become one of the most powerful machine data analytics services in the world. The company went public late last year, and despite the market turmoil, appears to be doing well.

PluralSight Goes Private, But is on an Acquisition Spree

According to a recent Global Market Insights report, the global e-learning market size surpassed $200 billion in 2019 and is expected to grow at 8% CAGR between 2020 and 2026. Cedar Valley, Utah-based Pluralsight (Nasdaq: PS) continues to deliver strong growth in the market. It recently announced a few acquisitions as it consolidates within the industry and adds additional capabilities to its portfolio. The company was also recently acquired by Vista Equity Partners and will soon be going private.