Cloud Stocks: CrowdStrike Soars to Record Highs

A recent market report on endpoint security systems estimates the industry to grow at 6% CAGR to reach $18.6 billion by 2027. As organizations continue to operate under remote working conditions, there is an increased adoption of security services. Endpoint security players like CrowdStrike (NASDAQ: CRWD) are benefiting from this adoption.

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Cloud Stocks: Coupa Expands into Treasury Services

The recessionary economic conditions are driving organizations to invest in spend management solutions like those offered by San Mateo-based Coupa (Nasdaq: COUP). Coupa is also benefiting from its cloud-based model that helps in the current remote working conditions.

Cloud Stocks: Slack Beefs up its Portfolio

The COVID-19 crisis has led to a rapid shift to working from home and a surge in the use of digital collaboration tools in the enterprise. Enterprise communication platform Slack (NYSE: WORK) last month reported a strong first quarter that beat estimates.

Mimecast Focuses on Integration to Lure the Enterprise Segment

According to a recent Markets and Markets report, the global email encryption market in the post-COVID-19 scenario is projected to grow at 24% CAGR from $3.4 billion this year to $9.9 billion by 2025. The growth in the industry is attributed to increasing phishing and spam emails, stricter industry regulations, and government mandate for data protection. Mimecast (NASDAQ: MIME) is one of the leading players within the email security market that recently announced its fiscal year results.

Cloud Stocks: Appian Focuses on RPA for Growth

The global lockdown conditions have accelerated digital transformation journeys for organizations. Reston, Virginia-based Appian (NASDAQ: APPN) is among the leading players in the industry who is leveraging these conditions to drive growth.

Medallia Looks to Verticalized Offerings and Acquisitions

According to a Grand View Research report published earlier this year, the global customer experience management market is expected to grow at 18% CAGR to reach $23.6 billion by 2027 driven by the continued adoption of digital technologies. Medallia (NYSE: MDLA) announced its fiscal first quarter results last month, but despite the optimistic industry outlook, the company failed to impress the market.

Cornerstone onDemand Looks to Acquisition for Growth

According to a  Zion report, the global talent management software market is estimated to grow at 10% CAGR to reach $10.9 billion by 2025. The recent virus-driven pandemic would have changed those estimates. Cornerstone OnDemand (Nasdaq: CSOD) is one of the leading players in the sector which is witnessing the economic turbulence. Its latest quarterly results failed to impress the market.

Cloud Stocks: Model N Soars to a Record High

Model N (NYSE: MODN) is a leading player in the revenue management market that is focused on the Life Sciences vertical. Amid the current pandemic, Life Sciences companies are in great demand and as a result business has been good for Model N as well.

Upwork Focuses on Remote Working Opportunities

The growing adoption of remote work across organizations has helped organizations like Upwork (NASDAQ: UPWK) tremendously. As organizations become more open to the idea of workforce flexibility, Upwork will see an increase in the adoption of its services.

Cloud Stocks: SurveyMonkey Should Get Into PaaS

According to a MarketWatch report, the global Online Survey Software market size is expected to grow at 11% CAGR to reach $2.58 billion by 2026 from $1.2 billion in 2019. SurveyMonkey (Nasdaq: SVMK) recently reported its first fiscal quarter results that delivered stellar growth.