Cloud Stocks: Change Healthcare Pushes APIs

According to a Markets and Markets report, the global Healthcare IT market is expected to grow 15% annually to reach $390.7 billion by 2024 from $187.6 billion in 2019. Tennessee-based Change Healthcare (Nasdaq: CHNG) is a leading player in the segment.

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Cloud Stocks: Will Adobe Open Up About its PaaS Statistics?

Adobe (Nasdaq: ADBE) recently reported its first quarter results that surpassed market expectations. Its outlook was weak and is expected to be further impacted by the current crisis. But Adobe expects to manage that by continuing to expand its product offerings.

Mimecast Focuses on Acquisitions

According to a report published last year, the global cloud-based email security market is estimated to grow at 8% CAGR to reach $1.1 billion by 2023. Emails are expected to be targets for nearly 90% of hacking attempts globally. The growing adoption of cloud-based services in enterprises, coupled with the rising instances of cyber-attacks involving the use of malware, spam, and phishing attempts will continue to drive the adoption of cloud-based email security services. London-based Mimecast (NASDAQ: MIME) is among the leading players in this market that does more than just email security.

Appian Growing Through Partnerships and Acquisitions

According to a recent Market Study Report, the global digital transformation market is expected to grow at 24% CAGR to $2.2 billion by 2025. Digital transformation refers to the application of digital technology across the organization to drive innovation and creativity in specific domains so that organizations can expand market reach and improve customer experiences. Reston, Virginia-based Appian (NASDAQ: APPN) is among the leading players in this space.

One Medical has a Successful IPO

Primary healthcare platform One Medical is one of the most funded on-demand healthcare companies. On January 31, it went public on NASDAQ under the ticker ONEM and has recently reported quarterly results for the first time since going public.

LogMeIn Chooses to Go Private

Under the current lockdown circumstances, it is no surprise that tools supporting remote and virtual workplace are doing well. One such player is remote access service LogMeIn (NASDAQ: LOGM). The company recently announced its fourth quarter results that surpassed market expectations.

Cloud Stocks: AppFolio Leverages AI for Product Enhancement

AppFolio (NASDAQ: APPF), a SaaS player operating in the real estate and legal industries, recently announced its fourth quarter results that surpassed market expectations. Like other stocks, AppFolio’s stock also fell to a 52-week low last month. But during the past couple weeks, the stock has been registering significant growth.

Cloud Stocks: New Relic Focuses on PaaS

According to a research report published late last year, the global application performance management (APM) market is estimated to grow at 12% CAGR through 2025 driven by the continuing adoption of artificial intelligence and the investments by public and private organizations. APM expert New Relic (NYSE: NEWR) recently announced its third quarter results that failed to meet earnings estimates.

J2 Global Picks up Several Small Acquisitions

Los-Angeles-based J2 Global (Nasdaq: JCOM) is a leading Internet-based information and services company. The company recently reported its fourth quarter results. Prior to the recent turmoil, its stock was climbing to record highs.

Decacorn Snowflake Ready for IPO

According to a Allied Market Research report, the global data warehousing market is estimated to grow at a CAGR of 8.2% from $18.61 billion in 2017 to reach $34.69 billion by 2025. Last month, cloud-based data warehouse company Snowflake raised $479 million at a valuation of $12.4 billion from investors including Salesforce Ventures.