Cloud Stocks: MongoDB has Miles to go

IDC projects the database market to be $71 billion in 2020, growing to $97 billion in 2023. MongoDB has less than 1% share of the global database market and a long runway for growth ahead of it.

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SAP Verticalizing SAP S4/HANA

Earlier this week, SAP (NYSE:SAP) announced its first quarter results for the year that failed to impress the market. But there is a silver lining to its results – its cloud business growth.

Netflix Benefits from the Lockdowns – For Now

While the Covid-19 lock downs have hurt the global economy significantly, there are certain industries that are seeing strong growth. One surprising beneficiary is streaming service provider Netflix (Nasdaq: NFLX) that delivered a record quarter recently.

IBM’s New Leadership Counts on Hybrid Cloud

IBM (NYSE: IBM) reported its first quarter results this week and it failed to impress the market. The Covid-19 crisis gripping the world has also impacted IBM significantly, and the company pulled back on its outlook for the rest of the year. This was the first result announcement under IBM’s new leadership of Arvind Krishna who took over from Ginny Rometty. The macroeconomic conditions present a tough challenge for the new leader.

CrowdStrike Benefits from Current Conditions

According to a Research and Markets report, the global endpoint security market is expected to reach $18.4 billion by 2024, growing at 8% CAGR from $12.8 billion in 2019. Analysts believe that given the recent lockdown conditions, as organizations enable more and more people to work from home, endpoint security players such as CrowdStrike (NASDAQ: CRWD) will see their market grow more rapidly than estimated earlier.

Cloud Stocks: Upwork Improves Monetization

Mountain View-based Upwork (NASDAQ: UPWK), the largest online marketplace that enables businesses to find and work with highly-skilled freelancers, has been making several changes to revive its growth rate and improve monetization.

Cloud Stocks: Dropbox Needs to Share API Metrics

As per a Market and Market report, the Enterprise Collaboration Market is expected to grow at 9% CAGR to $48.1 billion by 2024. The current socially distanced world will most likely accelerate this growth for the current year as organizations migrate to virtual offices for their workforce. Dropbox (Nasdaq: DBX) is a leading player in this space that is likely to benefit.

Forescout Bows Out of the Stock Market

According to Fortune Business Insights, the global cyber security market is expected to grow from $112.01 billion in 2019 to $281.74 billion by 2027. The growth is expected to be driven by the demand for enterprise security solutions from the BFSI, manufacturing, and healthcare sectors. Forescout Technologies (Nasdaq: FSCT), one of the many cyber security players, is failing to cash in on this growth. The company recently delivered fourth quarter results that failed to impress the market. Forescout also announced its sale to private equity firm Advent International Corp.

SurveyMonkey Continues to Acquire

According to an IbisWorld research report, US online survey market grew 5% to $1.2 billion in 2019. San Mateo-based SurveyMonkey (Nasdaq: SVMK) is a leading player in the market, but the recent global turmoil has taken a toll on its stock.

PagerDuty Drives API Integrations

According to a Grand View Research report, the global DevOps market is expected to grow at 19% CAGR to $12.85 billion by 2025. The growth is expected to be driven by the continuing push amongst organizations for digitization and automation of business processes, adoption of cloud technologies, and adoption of agile frameworks. San Francisco-based PagerDuty (NYSE: PD) went public in August last year. But the recent market turmoil has hurt its stock significantly.