Cloud Stocks: Alteryx Bounces Back Despite Low Outlook

Data science and analytics platform provider Alteryx (NYSE: AYX) early this month reported a strong quarter with revenue growth of 43%, but it swung to a loss and missed analyst earnings estimates. The company also experienced a sudden and significant change in customer behavior in March due to the COVID-19 situation. As a result, its quarterly outlook was disappointing, and its stock slid before recovering to pre-earnings levels.

Featured Videos

Cloud Stocks: Zendesk Struggling Amidst the Downturn

Not all cloud computing stocks have fared well in the current crisis and those serving the SMB segment are seeing a much bigger impact. Zendesk (NYSE: ZEN) recently announced its quarterly results that failed to impress the market with its outlook.

Cloud Stocks: Qualys Expands Cloud Offerings to Soar to New Highs

With organizations shifting to remote working, cloud services security providers like Qualys (Nasdaq: QLYS) are seeing strong performance. The company recently reported its first quarter results that surpassed market expectations. It did provide a weak outlook due to the current conditions, but the market is hopeful of its product lineup and helped the stock climb to its year-high levels this week.

Cloudflare Soaring Amidst the Crisis

The global pandemic may have hurt several companies, but most cloud-based companies are soaring. Website infrastructure and security company Cloudflare (NYSE: NET) is one such company. Its stock has climbed nearly 90% since its IPO in September last year. As more and more companies migrate to remote working options, they are turning to companies like Cloudflare to offer services such as firewalls, network routing, and traffic management.

Cloud Stocks: GoDaddy Continues to Acquire

The global internet domain name provider GoDaddy (NYSE: GDDY) recently reported its first quarter results that surpassed market expectations. The company’s results sent the stock climbing 6% in the after-hours session.

Cloud Stocks: BlackLine Looks Solid In The Face of Covid-19

Cloud-based financial software provider BlackLine (Nasaq: BL) recently announced its first quarter results that surpassed market expectations on all counts. The COVID-19 situation has affected its customer adds in the recent quarter but the company is taking it in its stride by focusing on a long-term growth.

Cloud Stocks: Proofpoint Acquiring Even Amidst Crisis

According to a Fortune Business Insights report, the global cyber security market is estimated to grow at 13% CAGR to reach $281.74 billion by 2027 from $112 billion last year. The verdict is still out as to how will the recent global crisis impact the industry. San Francisco-based Proofpoint (Nasdaq: PFPT) recently announced its first quarter results that surpassed market expectations for the quarter.

Cloud Stocks: HubSpot Lowers Outlook Amidst Virus Concerns

Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its first quarter results, which outpaced market expectations. However, the grim outlook of the economy is doing little for its outlook. It lowered its revenue and earnings expectations for the rest of the year from earlier forecast and missed analysts’ forecast.

Cloud Stocks: Twilio Hits 52-Week High Amidst COVID Crisis

The global pandemic has provided cloud-based enterprise services providers a big boost in their revenues. Communications PaaS player Twilio (NYSE: TWLO) is one such player that has seen record revenues amidst the recent COVID-19 crisis. Earlier this month, the company announced its first quarter results that outpaced all market expectations and sent the stock soaring to 52-week high levels.

Facebook Counting on Video and eCommerce Initiative

Facebook (Nasdaq: FB) recently reported its first quarter results that failed to impress the market. But as social interactions go virtual and ad markets begin to recover, the stock is beginning to gain lost ground.