Cloud Stocks: Why Salesforce Buying Vlocity Proves the Growing Importance of PaaS

Salesforce (NYSE: CRM) is dominating the news this week. Along with an outstanding quarterly result announcement, the company delivered two significant news items. First, Salesforce is acquiring Vlocity for $1.3 Billion. Salesforce also announced that its co-CEO Keith Block was stepping down from his position. Marc Benioff is back to being the sole CEO of the company.

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Cloud Stocks: Should Palo Alto Networks Acquire ZScaler?

This week has been slow for the stock markets. The growing fear of the spread of Coronavirus, coupled with the uncertainty about the elections and overall economic conditions have sent the stocks tumbling. It was not the best week for cyber security player Palo Alto Networks (NYSE:PANW) to announce its disappointing quarterly results. Not only did the company fail to meet market expectations on revenues for the quarter, but its outlook was also weak.

Cloud Stocks: Intuit Targets Online User Base Through Acquisition

Quickbooks’s parent company Intuit (NASDAQ: INTU) is the talk of the town these days. Not only did it deliver stellar second quarter results, but the company also recently announced a $7.1 billion acquisition – its biggest acquisition till date.

Cloud Stocks: GoDaddy is on a Shopping Spree

The global internet domain name provider GoDaddy (NYSE: GDDY) reported mixed results for the fourth quarter of the year. While revenues surpassed market expectations, its earnings failed to do so. But a strong outlook sent the stock soaring 11% in the after-hours trading session.

Cloud Stocks: Recently Public Cloudflare has New Edge

Website infrastructure and security company Cloudflare went public in September last year and recently reported a strong quarter. With a new acquisition and a PaaS edge, the company looks promising.

Cloud Stocks: BlackLine Remains Focused on SAP Integration

Cloud-based financial software provider BlackLine (Nasaq: BL) recently announced its fourth quarter results that continued to surpass market expectations on all counts. Its earnings outlook was, however, a bit disappointing. But that has not slowed down the stock’s growth.

Cloud Stocks: HubSpot Believes in the Importance of PaaS

Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its fourth quarter results. The quarter’s performance outpaced market expectations.

Pluralsight B2B Billings Slow Down

According to recent Research and Markets report, the global e-learning market is expected to grow to $325 billion by the year 2025. Cedar Valley, Utah-based Pluralsight (Nasdaq: PS) is an e-learning player that recently reported its fourth quarter results that surpassed market expectations.

Cloud Stocks: Shopify Soars on Improved Merchant Offerings

Ontario-based Shopify (NYSE:SHOP) continues to have a strong run. The company recently announced its fourth quarter results that shattered market expectations and sent the stock soaring to record high levels.  

Bill.com has a Super IPO

According to IDC, small and mid-sized businesses (SMBs) are expected to spend approximately $65 billion in 2019 on software in the U.S. Bill.com, which recently went public, is a leading cloud-based financial software provider for back-office financial processes at SMBs. In its first quarter since going public in December, the company looks impressive.