Cloud Stocks: Analysis of Wix’s Platform Strategy

Israel-based Wix.com (Nasdaq:WIX) which helps small businesses set up their websites has seen significant surge in its revenues as businesses have shifted rapidly to the digital solution. But the growth in revenues is not translating to significant growth in margins as the company is investing heavily in marketing initiatives.

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Cloud Stocks: Analysis of MongoDB’s PaaS Strategy

Database as a Service provider MongoDB (Nasdaq: MDB) is continuing to see strong growth even amid the current conditions. The company recently reported its second quarter results that surpassed market expectations. It has been focusing the last quarter on releasing several product upgrades to help make database management easier for developers.

Cloud Stocks: Bill.com Sees Strong Demand

Bill.com (NYSE:BILL) recently reported a strong fourth quarter that beat analyst estimates. Remote work conditions have accelerated demand for its cloud-based financial software. As a result, its stock has soared over 300% since its IPO in December last year.

Box Grows Through Integrations

As employees continue to work remotely, organizations are learning to deal with managing access to content that is fragmented across legacy systems like SharePoint, FTP site, and Documentum. To help employees work better, these employers are seeing the benefit of transitioning to solutions that provide secure access to content access across all other cloud applications. By integrating secure content management, collaboration, and workflow in one place, Box (NYSE: BOX) is able to meet this growing demand.

Cloud Stocks: Analysis of Anaplan’s PaaS Strategy

Cloud-based planning software provider Anaplan (NYSE:PLAN) recently reported a strong second quarter results that beat analyst estimates. In the current crisis, Anaplan is focusing on building a more robust planning community that will help it grow in the longer run.

Cloud Stocks: Analysis of Workday’s PaaS Strategy

SaaS-based enterprise services provider Workday (NASDAQ: WDAY) continues to deliver stellar results. For the recently reported quarter, the company outpaced all market expectations and its stock soared to record high levels. However, the recent market turmoil has impacted the stock.

Cloud Stocks: BigCommerce Goes Big with IPO

According to eMarketer, retail e-commerce is expected to account for 21% of global retail spending in 2023 and the COVID-19 pandemic has accelerated this shift. The rapid growth in ecommerce is prompting companies to adopt ecommerce platforms like BigCommerce. Last month, BigCommerce had a spectacular debut in the public market with its stock soaring to over four times its list price on the first day of trading.

Cloud Stocks: Analysis of Splunk’s PaaS Strategy

Big data player Splunk (NASDAQ: SPLK) continues to focus on its cloud bets. But the company is failing to deliver in the shorter term. It recently announced its second quarter results which failed to meet market expectations. Its outlook fell short as well, but its cloud metrics continue to impress the market.

Cloud Stocks: Palo Alto Continues to Acquire

The rising remote working trend is translating to an increased need for stronger security globally. Security players like Palo Alto Networks (NYSE:PANW) are benefitting from this transition as was evident in its quarterly performance. The company continues to acquire even in the current climate.

Cloud Stocks: Okta Expands Alliances to Attract Enterprises

The global work from home conditions have increased the need for IT teams to ensure higher safety and security of their digital assets. Corporate identity management software company Okta (NASDAQ: OKTA) is benefitting from this transition as was evident in its second quarter results.