Cloud Stocks: Twilio Counts on API Upgrades for Growth

Twilio (NYSE:TWLO) has had a roller coaster year so far. The stock had climbed to record highs this summer. But since then, the stock has been falling as the company fails to keep with the market’s expectations on financial performance. The recently announced fourth quarter outlook was no better, and the stock fell more than 10% post the announcement.

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Veeva Builds Through Acquisitions

According to a recent Research and Markets report, the global healthcare cloud computing market is estimated to grow 17% from $23.4 billion in 2019 to $51.9 billion by 2024. Recently, Veeva (NYSE: VEEV) announced its third quarter results that continued to surpass all market expectations.

Cloud Stocks: MongoDB Eyeing China With Alibaba Partnership

According to a Market Study research report, the global cloud database market is estimated to grow from $7.63 billion this year to $19.8 billion by 2025 at an annualized growth rate of over 50%. Earlier this month, cloud database-as-a-service provider MongoDB (Nasdaq:MDB) announced its third quarter results that surpassed all market expectations.

Cloud Stocks: Okta Targets Enterprise Customers

According to a Grand View Research report, the global identity access management (IAM) market is expected to grow 13% annually over the next few years to $24.12 billion by 2025 driven by the continuing adoption of BYOD policies across organizations. Recently, Okta (Nasdaq: OKTA) announced its quarterly results that outpaced market expectations.

Avant Faces An Uphill Battle

One of the earliest AI FinTech unicorns to cross $1 billion valuation in 2015, Avant is primarily a personal lending startup that uses advanced algorithms and ML to evaluate online loan applications.

Cloud Stocks: Will Salesforce Acquire DocuSign?

According to a recent report, Salesforce.com (NYSE: CRM) was the leader in the global CRM market with 19.5% market share in 2018. Its closest rival SAP was a distant second with 8.3% market share. Analysts believe that 75% of the global spending on CRM in 2019 will be on SaaS-based products, compared with 73% last year. Earlier this week, Salesforce announced its third quarter results that surpassed market expectations. The market was not too pleased with the outlook though.

Cloud Stocks: Workday Targeting Procure-to-Pay Cycle

Cloud-based financial and human resources enterprise services provider Workday (NYSE: WDAY) recently reported its third quarter results that unsurprisingly surpassed all market expectations. But the company’s outlook for the next fiscal was disappointing and that sent the stock tumbling. Post the result announcement, the stock fell 5% in the after-hours trading session.

Afiniti is Mulling Over the Next Big Step

According to a Markets and Markets report, the global AI industry is estimated to grow at a CAGR of 37% to $190.6 billion by 2025 driven by the continued adoption of image recognition, speech recognition, and data mining services. Washington DC-based Afiniti is a Unicorn player in this space that is expected to list soon.

Cloud Stocks: Palo Alto Targets $5B Revenue by 2022

Cyber security player Palo Alto Networks (NYSE:PANW) recently announced its first quarter results that outpaced market expectations. The company has had a strong run this year, with its stock growing 20% during the year. But a weak outlook for the second quarter sent its stock tumbling 11% in the after-hours trading session post result announcement.

Cloud Stocks: VMware Builds Up With Acquisitions

Virtualization giant VMware (NYSE: VMW) recently announced a strong third quarter that beat estimates. Over the past few years, VMware has made several acquisitions that have now been integrated into its portfolio.