Cloud Stocks: BlackLine Needs a PaaS Strategy

According to a recent survey, more than half of US-based Finance & Accounting professionals are continuing to prioritize their organization’s finance transformation goals even amid the current pandemic. The survey conducted by financial software provider BlackLine (NASDAQ: BL) found that 53% of those surveyed saw little or no impact of the global pandemic.

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Cloud Stocks: Akamai’s Security Solutions Thriving

Since the onset of the pandemic, Akamai (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences, has recorded high traffic levels and strong demand for its cloud security solutions and gaming. Last month, it reported a strong second quarter that beat estimates.

Cloud Stocks: GoDaddy Restructures During COVID

Internet domain provider GoDaddy (NYSE: GDDY) recently announced its second quarter results. The company has been using the current crisis conditions to restructure its operations and financial position. The market is pleased with the actions it is taking.

Cloud Stocks: HubSpot Focuses on the Enterprise Segment

Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its second quarter results that continued to surpass market expectations. It has been improving its product offering to help gain a bigger foothold in the enterprise segment.

Amazon Soars on the Wings of COVID

Amazon (NASDAQ: AMZN) recently reported its quarterly results that continued to outpace market expectations. The company is seeing strong growth in both e-commerce and cloud businesses due to global lockdown and virtual working conditions.

Google Eyes Expansion in India

Recently Google (NASDAQ: GOOG) announced its second quarter results that surpassed market expectations. However, the COVID crisis is hitting Google as well. Advertising revenues fell and Google reported its first revenue decline in over a decade.

Cloud Stocks: The PaaS Landscape

At the end of 2019, I had published Cloud Stocks: Top 20 for 2020 with a summary of which SaaS companies are succeeding on the basis of a strong PaaS strategy, AI, and robust developer ecosystems. I now want to focus on how the PaaS landscape is evolving: who are the established giants, the top mature players, the promising players, and the potentials.

Cloud Stocks are doing exceptionally well through the pandemic. If you’re wondering which ones are likely to go further, please pay attention to their PaaS strategies. PaaS creates exit barriers, deep moats, excellent pipelines for new products, acquisition prospects, and overall multipliers that strong SaaS companies should all consider. Over time, I expect hundreds of PaaS eco-systems to develop, each spawning a thousand smaller companies.

Cloud Stocks: Shopify Soars to an All-Time High

Ontario-based Shopify (NYSE:SHOP) recently announced its second quarter results that blew out all market expectations. The company’s focus on delivering digital services for its merchants helped drive its stock to record highs.

Apple Expands its Service Offerings

Earlier last week, Apple (NASDAQ: AAPL) announced its third quarter results that surpassed market expectations. As physical stores shut down and consumption of digital services increases, Apple is focusing its efforts on growing its services segment. The market is pleased with Apple and its stock is touching record high levels.

Cloud Stocks: Atlassian Continues to Acquire from PaaS Ecosystem

Last week, Atlassian (NASDAQ: TEAM) reported its fourth quarter results that continued to surpass estimates. The company has been on an acquisition spree as it looks to invest in collaboration tools during the current conditions where most companies are allowing employees to work remotely.