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Tag: CRM

  • Salesforce (CRM) Stock Slipped After Insider Selling

    Salesforce (CRM) Stock Slipped After Insider Selling

    Salesforce Corporation (NYSE: CRM) encountered a marginal 0.85% decrease as it wrapped up the preceding trading day at a value of $202.00. This drop was a result of a sequence of insider transactions, where five of the firm’s personnel liquidated 2,215 Salesforce shares, generating a cumulative revenue of $427,076. These equities were traded at a mean value of $200.97 per unit.

    The insiders who divested their CRM shares are Co-Founder and Chief Technology Officer Harris Parker, President & Chief Engineering Officer Tallapragada Srinivas, President and Chief Financial Officer Amy E. Weaver, President and Chief Operating Officer Brian Millham, and Executive Vice President & Chief Accounting Officer Sundeep G. Reddy.

    Kaltura (Nasdaq: KLTR), the Video Experience Cloud, announced Salesforce (CRM) as the recipient of the inaugural Kaltura Visionaries Award on Monday. This accolade acknowledges companies that have exhibited outstanding and forward-thinking utilization of Kaltura’s platform, resulting in tangible and positive effects.

    The Kaltura Visionaries Award places its emphasis on the inventive and resourceful utilization of Kaltura’s video platform. Assessment criteria encompass tangible impact, enhancements in user experience, scalability, pioneering incorporation of AI in marketing, and an overall commitment to excellence in video utilization.

    Salesforce has demonstrated unparalleled ingenuity and determination, notably through Salesforce+ and its flagship events. Salesforce+’s approach stands out for its agility, consolidation, and optimization of event technology, coupled with its adaptability and innovation in response to evolving market demands. Salesforce+ distinguishes itself with its broad scope, potential, and strong drive for innovation throughout the Salesforce+ team, consistently pushing the boundaries to deliver engaging, entertaining, and impactful digital experiences.

    Beyond its innovative approach, Salesforce+ has harnessed Kaltura’s capabilities to enhance viewing experiences, resulting in a 70% increase in out-of-the-box features. Moreover, Salesforce+ has effectively utilized Kaltura’s live streaming capabilities to power Dreamforce, its flagship event, which attracted hundreds of thousands of viewers and facilitated chat messages, offering additional avenues for engagement for event organizers over the course of four days.

  • Top Cloud Stocks To Buy Before 2023 Ends and Make Profits

    Top Cloud Stocks To Buy Before 2023 Ends and Make Profits

    Cloud computing has revolutionized the way businesses operate in the digital age. With the growing dependence on cloud services, the demand for cloud technology and related services continues to soar. As a result, investing in cloud stocks has become an attractive option for investors seeking long-term growth opportunities.

    In this comprehensive guide, we will explore the concept of cloud computing stocks, delve into the cloud computing space, and provide insights into why investing in cloud computing stocks can be a lucrative choice.

    Furthermore, we will discuss strategies for maximizing profits in cloud stock investments and provide tips on monitoring and reviewing investment performance.

    By the end, you will be equipped with the knowledge needed to navigate the dynamic world of cloud stocks and make informed investment decisions.

    What Are Cloud Stocks?

    Cloud stocks, also known as cloud computing stocks, represent shares of companies that operate within the cloud computing industry.

    These companies provide cloud-based services, infrastructure, software, or platforms, enabling businesses to store, manage, and process data on remote servers. So, what are cloud stocks?

    These are investment opportunities that allow individuals to participate in the growth of the cloud computing sector, which has experienced tremendous expansion in recent years.

    By investing in these stocks, individuals can benefit from the increasing adoption of cloud technology across various industries.

    Cloud Computing Space

    Cloud computing has revolutionized data storage, processing, and access. It delivers scalable, on-demand computing services over the Internet, offering flexibility, cost-effectiveness, and efficiency.

    It enables innovations like virtualization and serverless computing, empowering businesses to scale rapidly. Cloud computing also drives advancements in AI, big data analytics, and IoT, shaping the digital landscape.

    Business Models and Cloud Services

    The cloud computing industry has revolutionized the way businesses operate, offering a variety of models and services including:

    • Infrastructure as a Service (IaaS)

      IaaS providers offer virtualized computing resources, allowing businesses to access servers and storage on demand. This model provides scalability and flexibility without the need for physical infrastructure.

    • Platform as a Service (PaaS)

      PaaS providers, on the other hand, offer a platform for application development, testing, and deployment. This eliminates the need for businesses to manage the underlying infrastructure, focusing instead on creating innovative applications.

    • Software as a Service (SaaS)

      SaaS providers deliver software applications directly to end-users over the internet. This model offers convenience and accessibility, allowing users to access applications from any device with an internet connection.

      The cloud computing space provides businesses with a range of options to suit their specific needs and goals.

    Customer Relationship Management (CRM) Software Company

    Cloud-based services have revolutionized various industries, and Customer Relationship Management (CRM) software stands out as a prime example.

    Renowned CRM software providers like Salesforce and HubSpot offer innovative cloud-based solutions. These tools empower businesses to efficiently handle customer relationships, optimize sales procedures, and bolster marketing endeavors.

    By harnessing the power of the cloud, organizations can streamline operations and leverage advanced functionalities, leading to improved customer satisfaction and enhanced business growth.

    Cloud-based CRM software is transforming the way companies manage and interact with their customers, creating new opportunities for success.

    Major Cloud Companies In The Industry

    The cloud computing industry is a dynamic landscape, and three major players stand out: Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).

    These giants have established their dominance in the public cloud sector, providing an extensive array of services.

    From storage solutions to high-performance computing and advanced database management, they cater to diverse business needs.

    Moreover, their focus on artificial intelligence and machine learning capabilities enables organizations to harness the power of cutting-edge technologies.

    As the demand for scalable and efficient cloud services continues to grow, these industry leaders pave the way for innovation and drive digital transformation across various sectors.

    Top Cloud Stocks To Before 2023 Ends

    Investing in top cloud companies stocks offers an opportunity to ride the wave of digital transformation. Cloud computing is revolutionizing industries, enabling scalability, cost-efficiency, and innovation.

    With the increasing demand for cloud services, investing in this sector can provide long-term growth potential and exposure to a technology-driven future. Seize the chance to invest in the future of business.

    The Trade Desk (TTD)

    The first stock on our list of cloud stocks is a programmatic ad-buying platform, The Trade Desk (TTD). The Trade Desk empowers buyers of advertising through its self-service, cloud-based platform.

    The company has already placed itself as number one in advertising campaign management, surpassing MediaMath and Google Ad Manager. It is also the third-largest demand-side platform by market share.

    While most ad-buying companies are struggling due to the downturn in the sector, The Trade Desk continues to race higher. It has continuously achieved a 95% customer retention rate for over seven consecutive years.

    Despite the gloomy situation in the ad market, the company came out with exceptional results in the latest earnings report.

    Sales grew 24% year-over-year and the balance sheet remained strong with $1.45 billion in cash plus short-term investments and $261 million of debt.

    Analysts are expecting revenue growth of 15.40% this year and 21% to 24% through 2025. Moreover, earnings are forecasted to double from 2023 to 2027.

    On top of this, the market opportunity is burgeoning for The Trade Desk. Tired of the dominant closed advertising ecosystems owned by the likes of Meta and Google, marketers are turning away from them.

    And the shift to advertising on connected-TV platforms is already driving tremendous growth for The Trade Desk. Therefore, this is not a cloud stock to be missed right now.

    With its strong profile and standing, The Trade Desk is well-positioned to make tremendous gains in the days to come.

    Snowflake Inc. (SNOW)

    Up next is a cloud-data warehousing company, Snowflake Inc., with the (SNOW). This cloud computing-based data cloud company offers data storage and analytics services in a game-changing way.

    Its signature product, Data Cloud, addresses one of the biggest challenges in cloud computing. Data Cloud enables customers to collect, classify and decipher data across multiple cloud platforms – helping them see all their data in one place.

    All the top cloud providers, Amazon, Microsoft, and Alphabet are all tightly integrated with Snowflake for the benefit of their customers.

    Moreover, Snowflake’s growth is soaring high. It started the year with 241 Fortune 500 companies and 488 Global 2000 companies as its customers.

    But the company expects the number to grow exponentially with upcoming IT upgrades. Its customer base jumped around 30% in the recent quarter to over 8,200 from one year ago.

    Snowflake’s revenue surged 48% year-over-year to $624 million. This comes after a year-over-year revenue climb of 54% and 67% in the previous quarters.

    By fiscal 2024, if Snowflake achieves its forecasted revenue of $2.6 billion, it will have grown its revenue by over 30%.

    Another huge plus is the fact that even Warren Buffet’s Berkshire Hathaway owns $1.2 billion worth of the company’s shares. Snowflake stock is undoubtedly a cloud stock in its hyper-growth mode right now and hence the best buy in 2023.

    Salesforce Inc. (CRM)

    Next stock is another leading name in the cloud computing space, Salesforce Inc. (CRM). Salesforce operates the world’s most popular cloud-based customer-relationship-management (CRM) solution.

    They provide enterprise applications focused on customer services. According to Salesforce, over 150,000 companies use its software for growing their business.

    As per the latest software tracker survey, the company owns a 19.8% share of the global CRM market, which was more significant than the combined share of its top four competitors.

    To continue growing its market share, Salesforce has shown a penchant for making big acquisitions like Slack Technologies. So far, the company has expanded into marketing, e-commerce, and data analytics.

    Since going public in 2004, Salesforce has improved its revenue every year with past 5-year revenue growth at a compound annual growth rate of over 25%. Continuing the trend, it expanded the April-quarter revenue by 13%.

    The company now expects revenue between $34.5 billion and $34.7 billion. Salesforce is continuously growing via mergers and acquisitions while also adding new users, products, and services.

    Thus, at a price of just 25.15 times forward-looking earnings estimates, this stock is available at a low price for a company with 36% revenue growth in the forecast this year.

    Moreover, this cloud computing giant’s stock is up over 60% year to date, which makes it a great buy right now.

    Oracle Corporation (ORCL)

    Next is the Oracle Corporation (ORCL). This cloud computing company addresses enterprise information technology environments throughout the world.

    Over the past ten years, Oracle has expanded its cloud-based database, infrastructure, enterprise resource planning (ERP), and human capital management (HCM) services exponentially.

    It has acquired numerous companies to complete the transformation required to offset the slower growth of its on-site database services. The latest in this acquisition spree is the $28 billion purchase of Cerner.

    Cerner is the second-largest designer of software for the healthcare sector. This takeover accelerated Oracle’s revenue growth by contributing $1.5 billion in the latest quarter.

    On the financial front, the company’s latest quarterly revenues were firm at $12.4 billion.

    The group revenues improved by 18% year-over-year and cloud services and license support sales were impressive with an increase of 17% and 20% respectively.

    Oracle also declared a quarterly cash dividend of $0.40 per share, reflecting a 25% increase over the current quarterly dividend of $0.32.

    While the Cerner acquisition, the company’s long-term prospects seem very bright. Oracle pays a forward yield of 1.51% and has plenty of cash to cover its buybacks and dividends.

    Interestingly, the stock is still quite cheap at 19 times forward earnings. Hence, it is best not to miss out on this cloud computing stock before 2023 ends for your investment portfolio.

    MongoDB (MDB)

    And the final stock on our list is MongoDB (MDB), a New York-based general-purpose database platform provider.

    The company’s platform can be used to build and modernize applications across a range of use cases in the cloud as well as in on-premise or hybrid environments.

    Its flagship product is Atlas, which offers a fully hosted, multi-cloud, database-as-a-service solution. Currently, this solution is available on cloud providers in North America, Europe, and the Asia Pacific.

    Moreover, MongoDB’s document-based database, NoSQL (not-only SQL) is faster and more efficient than its counterpart.

    While there are many who provide NoSQL but MongoDB has emerged as the most in-demand database solution worldwide. Amazon’s partnership with the company is proof of its unshakable position in the market.

    Both companies have a multi-year agreement to offer MongoDB Atlas to Amazon Web Services customers.

    The company’s financial profile adds another reason for investing in it as well. As per the latest quarterly results, MongoDB has continued consistent double-digit top-line growth.

    Revenues were up 29% year-over-year to $368.3 million, while gross profit margin expanded to 74% from 73%. While the earnings were a loss of $0.77 per share, the company cleared the bar with ease against the last year’s per-share loss of $1.14.

    MongoDB and Alibaba have extended their strategic partnership to enhance customer experience by integrating MongoDB and Alibaba Cloud services, benefiting tens of thousands of Alibaba’s customers.

    Hence, given the continued double-digit growth of the company and a price that is up over 49% year-to-date, MongoDB is also among the best cloud computing stocks to buy before 2023 ends.

    Additionally, we have also listed some of the top cloud companies stocks that you might want to invest in 2023:

    No. Ticker Company EPS growth next year Performance (YTD) Price
    1 OSPN OneSpan Inc. 400.00% 32.53% 14.83
    2 CYBR CyberArk Software Ltd. 324.66% 17.42% 152.23
    3 LVOX LiveVox Holdings, Inc. 275.00% -7.07% 2.76
    4 CFLT Confluent, Inc. 164.70% 45.73% 32.41
    5 TLS Telos Corporation 133.30% -43.03% 2.9
    6 CETX Cemtrex, Inc. 100.10% 117.35% 9.41
    7 IOT Samsara Inc. 100.00% 52.94% 19.01
    8 PGY Pagaya Technologies Ltd. 100.00% -8.87% 1.13
    9 ALAR Alarum Technologies Ltd. 99.00% 13.48% 2.72
    10 S SentinelOne, Inc. 98.00% 42.02% 20.72
    11 FLYW Flywire Corporation 91.70% 25.28% 30.66
    12 BAND Bandwidth Inc. 89.63% -47.45% 12.06
    13 AVPT AvePoint, Inc. 86.08% 59.85% 6.57
    14 SNCR Synchronoss Technologies, Inc. 80.00% 58.34% 0.98
    15 HCP HashiCorp, Inc. 76.90% 27.47% 34.85

    Why Invest In Cloud Stocks?

    Investing in cloud computing stocks offers a plethora of enticing opportunities. The global shift towards cloud computing is on the rise, presenting a strong investment case.

    In order to understand what are cloud stocks? We came to know that these stocks belong to companies that provide cloud-based services, infrastructure, or software, which have become integral to countless industries.

    Cloud adoption enhances efficiency, scalability, and cost-effectiveness for businesses, attracting a growing customer base.

    Furthermore, the subscription-based revenue models of cloud companies offer predictable and recurring income streams.

    As cloud technology infiltrates sectors like healthcare, finance, and manufacturing, the growth potential for cloud computing stocks remains substantial.

    With increasing demand and innovation, investing in these stocks can yield impressive returns for astute investors.

    Growth Potential Of Cloud Technology

    The ever-expanding cloud technology landscape is witnessing remarkable progress, thanks to its exceptional scalability, cost-efficiency, and adaptability.

    With an increasing number of businesses transitioning their operations to the cloud, the demand for cloud services is predicted to skyrocket.

    This surge in demand creates an enticing investment prospect for those seeking to seize the opportunities offered by the booming cloud computing industry.

    As cloud technology continues to evolve and dominate the digital sphere, astute investors can position themselves to reap the benefits of this exponential growth and capitalize on the vast potential it holds for the future.

    Advantages Of Investing In Cloud Stocks

    With ongoing technological advancements and the increasing reliance on cloud computing, cloud stocks present compelling opportunities for investors seeking growth and innovation.

    Some of advantages of those opportunities are as follows;

    Advantages

    Description
    Scalability Cloud stocks offer the advantage of scalability, allowing companies to easily adjust their computing resources to meet changing demands efficiently.
    Cost savings Investing in cloud stocks can lead to cost savings as it eliminates the need for on-premises infrastructure, reducing hardware and maintenance expenses.
    Innovation Cloud companies often prioritize innovation, continuously developing and introducing new services and features, which can result in improved stock performance.
    Global reach Cloud stocks provide companies with the ability to reach a global audience, expanding their market potential and generating revenue from various geographic regions.
    Flexibility Cloud investments offer flexibility, enabling businesses to adapt quickly to market conditions and leverage emerging technologies, contributing to long-term growth.
    Security Cloud service providers invest heavily in robust security measures, safeguarding data and protecting against cyber threats, instilling investor confidence.
    Collaboration Cloud technology facilitates collaboration and remote work, which has become increasingly valuable in today’s interconnected and distributed business environment.
    Competitive Investing in cloud stocks allows investors to tap into the growing market for cloud services, positioning themselves to benefit from the industry’s competitive landscape.
    Continuous Cloud stocks provide a continuous revenue stream through subscription-based models, offering predictable cash flows and potentially steady returns for investors.
    Environmental Cloud computing is more environmentally friendly compared to traditional IT infrastructure, reducing energy consumption and carbon emissions, and aligning with sustainable investing trends.

    Strategies For Maximizing Profits In Cloud Stock Investments

    When it comes to maximizing profits in cloud stock investments, strategic approaches can significantly impact success.

    Long-Term Investment Approach

    Taking a long-term investment approach is a prudent strategy when investing in cloud computing.

    By focusing on the underlying fundamentals and growth prospects of cloud companies, investors can ride the wave of long-term industry expansion. This approach requires patience and a willingness to weather short-term market fluctuations.

    • Identifying Quality Cloud Stocks For A Long-Term Portfolio

      Identifying quality cloud stocks involves conducting thorough research and analysis. Investors should consider factors such as the company’s competitive advantage, financial health, management team, and market position.

      Evaluating a company’s revenue growth, profitability, and customer retention rates can provide valuable insights into its long-term potential.

    • Diversification and Risk Management

      Diversification is crucial when investing in cloud stocks. By spreading investments across different companies and sub-sectors within the cloud computing industry, investors can reduce the impact of individual stock volatility.

      Furthermore, implementing risk management techniques, such as setting stop-loss orders and maintaining an appropriate asset allocation, can help protect investments from unexpected market downturns.

    • Stay Informed

      Keep a close eye on market trends, news, and developments in the cloud industry. Stay updated on the latest advancements, mergers, and partnerships to make informed investment decisions.

    • Research and Analysis

      Conduct thorough research and analysis before investing in any cloud stock. Evaluate a company’s financial health, growth prospects, competitive landscape, and management team.

      Look for companies with a proven track record of innovation and market leadership.

    • Monitor Cloud Adoption

      Monitor the adoption rate of cloud services across various industries. Invest in companies positioned to benefit from the increasing demand for cloud computing, data storage, and software-as-a-service (SaaS) solutions.

    • Assess Scalability and Security

      Assess a company’s scalability potential and its ability to handle increased demand. Additionally, prioritize companies with robust security measures in place, as data privacy and protection are critical in the cloud industry.

    • Consider Dividends

      While many cloud companies reinvest their profits for growth, some may offer dividends. Evaluate the dividend policies of companies you’re considering to potentially benefit from both growth and income.

    • Seek Expert Advice

      Consider consulting with financial advisors or experts specializing in cloud investments. They can provide valuable insights, analysis, and guidance tailored to your investment goals and risk tolerance.

    • Continuous Learning

      Stay curious and continuously educate yourself about the evolving cloud industry. Attend conferences, webinars, and industry events to network with professionals and stay updated on emerging technologies that could impact cloud stocks.

    Monitoring And Reviewing Investment Performance

    Monitoring and reviewing the investment performance of stocks in cloud computing requires a comprehensive approach.

    Firstly, it’s vital to analyze financial indicators like revenue growth, profit margins, and cash flow to gauge a company’s financial health.

    Tracking market trends, competitive analysis, and assessing the company’s position in the industry are equally important.

    Additionally, evaluating the company’s research and development investments, partnerships, and acquisitions provide insights into its innovation potential.

    Monitoring cybersecurity measures, data privacy compliance, and regulatory changes are critical due to the sensitive nature of cloud computing.

    Regularly reviewing analyst reports, quarterly earnings, and industry news allows for informed decision-making in this dynamic and rapidly evolving sector.

    Short-Term Trading Strategies

    For investors who prefer a more active approach, short-term trading strategies can be employed in cloud stock investments.

    This involves monitoring market trends, analyzing technical indicators, and identifying short-term catalysts and news events that may impact stock prices.

    By staying informed and executing well-timed trades, investors can capitalize on short-term price movements.

    • Technical Analysis and Market Timing

      Technical analysis involves studying historical price patterns, chart patterns, and various technical indicators to forecast future price movements.

      Combining technical analysis with market timing strategies, such as trend following or contrarian approaches, can help investors make better-informed decisions regarding entry and exit points.

    • Identifying Short-Term Catalysts and News Events

      Keeping track of industry news, product launches, earnings reports, and regulatory developments can provide valuable insights into short-term catalysts that may influence cloud stock prices.

      By staying up to date with relevant news and events, investors can identify opportunities or potential risks in their cloud stock investments.

    • Setting Profit Targets and Managing Risk

      Establishing clear profit targets and implementing risk management strategies are vital components of successful cloud stock investing. Setting realistic profit targets allows investors to lock in gains and avoid being overly greedy.

      Simultaneously, managing risk through position sizing, setting stop-loss orders, and employing trailing stops can help protect against significant losses.

    Frequently Asked Questions

    How To Invest in Cloud Computing Stocks

    Cloud computing investment offers a sky-high opportunity for growth. Begin by researching top players like Amazon, Microsoft, and Salesforce, examining their financials, market position, and future prospects.

    Diversify your portfolio to include emerging cloud companies. Stay updated on industry trends and technological advancements to ride the cloud wave and maximize your investment potential.

    Where To Invest in Cloud Computing Stocks

    Investing in cloud computing stocks is a smart move as the industry continues to skyrocket. With giants like Amazon, Microsoft, and Google leading the charge, the potential for growth is immense.

    Keep an eye on emerging players specializing in AI, cybersecurity, and data analytics to capitalize on the evolving demands of the cloud.

    How To Buy Cloud Computing Stocks

    Here’s the roadmap to invest in cloud computing: Start by researching established players like Amazon (AMZN) or Microsoft (MSFT). Look for companies with innovative solutions and strong growth potential.

    Analyze financials, industry trends, and competitive advantages. Diversify your portfolio and stay updated on emerging technologies. With careful analysis, the cloud can be your investment silver lining.

  • 3 Big Data Stocks to Buy for Long-Term

    3 Big Data Stocks to Buy for Long-Term

    Big data are rulers of the market and we have three big giants from big data that would be a good hold for the long-term.

    The big data stocks are those stocks whose datasets turned into a jumbo side, beyond that of a conventional database. With time the tech firms have developed into big data companies and are leading the world with the most advantaged solutions.

    Big Data companies are basically combined with analytics technology, problem-solving, business guidance, and other key defining data statistical tools. This also includes in-depth customer research, product hunting and development, competitive analysis, forecast management, and cost management—among others. So, we have some exciting big data stocks that hold great worth in the long-term hold. Let’s have a look at the three big data stocks to buy for the long run.

    Alteryx (AYX)

    Recently, Alteryx (AYX) has suffered badly from the market dump. The stock has dropped from $140 to less than $90 in one month and is now sitting on long-term support that has been in place since mid-2019.

    Well, this slow down now may define the actual value of the stock and giving a great opportunity to long-term investors to buy the stock at a low price. There has been a lot of changes in the management recently, with the signing of a new CEO in October 2020 and following that appointment of a new Chief Product Officer (CPO) and Chief Revenue Officer (CRO), among others.

    Moreover, Alteryx has also just announced the appointment of former Google executive, Anjali Joshi to its board of directors (BOD). Joshi brings much experience in technology who managed several developments of the tech giant. 2021 is a year where Alteryx (AYX) expects things to settle down with the new management. The company expects revenue between $555-565 million for 2021, which reflects an annual growth rate of 13%.

    Elastic (ESTC)

    Elastic (ESTC) is a search company that builds self-managed and SaaS offerings for search, logging, security, and analytics use cases. Elastic kicked of the new year in style following a bullish trend from the last year. However, the stock price has dipped quite a bit since Feb. 22.

    Elastic recently has been quite active in updating its features across its different products. ESTC has added new capabilities across Elastic search, Kibana, and Elastic Cloud in the 7.12 release. These new features will help users to reveal insights and take action with their data via the power of search. In another announcement, the company updated new features for the Elastic Observability solution in the 7.12 release to speed up root cause analysis and allow unified monitoring.

    Looking at the long-term prospect of Elastic, we can assume that the hedge funds are bullish on the stock. By the end of December 2020, 49 hedge funds’ portfolios were holding ESTC. This was its all-time-high from its previous high of 43. So, we can see it as a good stock going into the long run.

    salesforce.com (CRM)

    Salesforce.com (CRM) is one of the biggest cloud-based companies in the world. Salesforce designs and develops could enterprise software for customer relationship management.

    The company used its cloud services to engage salesforce automation, digital commerce, customer service support, and helping customers with big data analytics.

    In the past, we have seen Salesforce has been a great investment. Shares of the cloud-based firm have soared over 188% in the last five years, almost doubling the 91% return of the broader S&P 500. The current dip in salesforce.com (CRM) can turn handy for investors to buy the stock on a low.

  • The Three Best Tech Stocks to Buy and Watch in 2021

    The Three Best Tech Stocks to Buy and Watch in 2021

    The Teck stocks are highly surrounded by the bulls.

    The tech market is a vast market and is evolving every single day. Each industry is somewhat a part of the broader tech market, now. Technologies like Artificial Intelligence (AI), Blockchain, Augmented Reality (AR), Internet of Things (IoT), and other software-based companies have turned into big tech firms.

    With all the focus turning online, the tech firms are the first to benefit from this historic transformation in the digital world. The tech stocks, in general, are growth stocks such as Amazon (AMZN), Apple (APPL), and Facebook (FB).

    In the longer-run, the tech stocks will be getting bigger and there are several other tech firms that have much upside potential. Let’s see the three best tech stocks to buy and watch in 2021.

    Alphabet (GOOGL)

    Alphabet (GOOGL) the parent company that operates the internet deity, Google, is one of the biggest tech’s in the market. The company has delivered robust returns in the past and can continue with the same growth rate over the next decade.

    Google search engine has a global market share upward of 91.9%, which is breathtaking for any company to hold such a big market share. The company has the leadership that has evolved Google into a digital. That leadership is a big positive for the company that would generate healthy profits for several years.

    Another important segment of Google is its Cloud segment which is enhancing and still a relatively small part of the entire company. Google Cloud was able to brag 53%+ and 46%+ revenues in 2019 and 2020, respectively. The Cloud industry is growing at a rapid pace and the demand is increasing every single year. So, with time, this segment would bring massive profits to the company.

    salesforce.com (CRM)

    Saleforce.com (CRM) is a cloud-based software company that is shaping itself to be a part of the future digital world. The company owns the world’s largest cloud-based CRM platform and controls over 20% of the market.

    The company’s revenue surged over 26% in the first nine months of the fiscal year 2021, which ended in January. Salesforce recorded double-digit percentage growth in its sales, service, and marketing, and commerce clouds. Moreover, in the longer run, the company has targeted to achieve over $50 billion in annual revenue by fiscal 2026. So, the company has big motives and is one of the safest bets in the tech market.

    Shopify (SHOP)

    Shopify (SHOP) is a multinational e-commerce firm based in Canada. The company runs one of the biggest e-commerce platforms. It’s a good time to buy Shopify on the dip, as the shares are trading downward around $1,391.25, as we write this.

    The company recently reported its fourth-quarter outcomes, recording revenue growth of 94% to $977.7 million. While the adjusted earnings per share soared by a whopping 267% year-over-year to $1.58 per share. The company surpassed analyst’s estimates on earnings of $1.28 per share and revenue of $910.2 million.

    Jefferies analyst Samad Samana after examining the quarterly report said that the Q4 results were largely in-line with high buy-side expectations. And, 2021 is also expected to continue with strong growth momentum.

    So, investors who are eyeing tech stocks, Alphabet (GOOGL), Salesforce.com (CRM), and Shopify (SHOP) are the stocks to buy and watch this year.

  • Early Morning Vibes: 4 Top Trending Stocks To Watch For Monday

    Early Morning Vibes: 4 Top Trending Stocks To Watch For Monday

    Last week indices in the United States managed to set fresh records on the price boards. Interestingly, we saw Wall Street indices initially take a dip on Friday. This dip came after the US government announced that employment declined in December. Contrary to expectations, the number of jobs fell by 140,000, while economists had expected an increase of about 50,000 jobs. The question is whether this has halted the recovery of the labor market or whether this effect is temporary due to stricter corona measures.

    In response to the bad jobs report, upcoming president Joe Biden announced that he would come up with additional stimulus measures to get the US economy through the corona crisis. The stock markets recovered towards the close and eventually, the indices closed at the highest point of the day. The S&P 500 closed with a gain of 0.55% at 3,824 points and the Nasdaq gained 1.03% at 13,202 points.

    Earnings Update

    This week the earnings season will officially start, and the American major banks will give the starting shot. Citigroup, JPMorgan Chase and Wells Fargo, among others, will open the books this Friday. On Tuesday, Just Eat Takeaway, Blackrock, and Alcoa will be the first to open the books.

    Corporate News

    Twitter’s share price closed 1.61% lower on Friday. According to Twitter, Donald Trump incites violence and Facebook and Instagram also blocked Trump’s accounts until at least until after the inauguration of Joe Biden. Trump was a very active twitterer and had about 88 million followers.

    Many celebrities are happy with the ban, but others point to censorship. Big Tech is also accused of restricting freedom of speech. The question is whether Trump will soon take a formal approach to Big Tech.

    Today Top Movers

    Castor Maritime Inc (CTRM), a Marine Shipping company, soared about 7.49% ‎at $0.21 in pre-market trading Monday following the declaration of pricing of $26.0 million registered direct offering. 

    ‎Nio Inc (NIO) share price jumped 6.26% to $62.61 during the early morning ‎trading session on Monday. 

    ‎Sundial Growers Inc (SNDL) stock ascended 15.66% at $0.79 in the pre-market trading today.

    ‎Avinger Inc (AVGR) gained over 28.40% at $1.15 in pre-market ‎trading on Monday.‎‎

    Top Upgrades & Downgrades


    RBC Capital turned bullish on Royal Gold Inc. (RGLD), upgrading the stock to “Outperform” and assigning a $150.0 price target, representing a potential upside of 42.05% from Friday’s close. 

    Boot Barn Holdings Inc. (BOOT) has won the favor of JP Morgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $60.0, suggesting 23.48% additional upside for the stock. 

    Anaplan Inc. (PLAN) received an upgrade from analysts at Jefferies, who also set their one-year price target on the stock to $85.0. They changed their rating on PLAN to Buy from Hold in a recently issued research note. 

    Earlier Monday Piper Sandler reduced its rating on salesforce.com inc. (CRM) stock to Neutral from Overweight and assigned the price target to $242.0. With shares trading at around $222.04, the Wall Street firm thinks salesforce.com’s stock could add than 8.94%.
     

    Ladenburg Thalmann analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Lipocine Inc. (LPCN) has been changed to Buy from Neutral and the new price target is set at $3. 

    Analysts at BMO Capital downgraded Archer-Daniels-Midland Company (ADM)’s stock to Market Perform from Outperform on Monday.

    Latest Insider Activity

    Sunrun Inc. (RUN) Chairman Fenster Edward Harris announced the sale of shares taking place on Jan 07 at $89.10 for some 50,000 shares. The total came to more than $4.46 million. 

    Chegg Inc. (CHGG) PRESIDENT, CEO & CO-CHAIRMAN ROSENSWEIG DANIEL sold on Jan 07 a total 1,907,090 shares at $91.14 on average. The insider’s sale generated proceeds of almost $2.55 million.
     

    Hall of Fame Resort & Entertainment Company (HOFV) Director Lichter Stuart declared the purchase of shares taking place on Dec 29 at $1.40 for some 10,813,774 shares. The transaction amount was around $15.14 million. 

    Aileron Therapeutics Inc. (ALRN) Satter Muneer A bought on Jan 08 a total of 16,609,449 shares at $1.10 on average. The purchase cost the insider an estimated $9.9 million.

    Important Earnings

    Top US earnings releases scheduled for today include Simulations Plus Inc. (NASDAQ: SLP). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.11 per share from revenues of $10.64M in the three-month period. 

    Kura Sushi USA Inc. (KRUS), due to announce earnings after the market closes today, is expected to report earnings of -$0.65 per share from revenues of $8.19M recently concluded three-month period.

  • What Software Application Sector can offer?

    What Software Application Sector can offer?

    In the stock market this year, software stocks show strong development. The software has ‎become a ‎fundamental part of how many things function, so logically, it has become a ‎fundamental part of how a ‎lot of things work. This is why companies have boosted corporate ‎investments in digital acceleration as ‎a result of the coronavirus pandemic. The stock ‎market is seeing a record year for many of the top ‎software stocks. Enterprise software-as-‎a-service (SaaS), cloud computing, and cybersecurity are key ‎areas of interest. All of them ‎improve our way of working in the digital space.

 ‎
    ‎ ‎
    There were plenty of headline-grabbing buyouts and massive new funds for the US private ‎equity ‎industry this year. It was a year of a lot of unusual and unprecedented events, as we ‎all know. ‎Following March’s coronavirus outbreak, buyout investors spent the rest of 2020 ‎dealing with the ‎shockwaves.

 ‎
    ‎ ‎
    Over the past few years or so, private equity companies have demonstrated an increasing ‎acceptance ‎of the software sector, trailing in industry leaders’ footsteps. That persisted in ‎‎2020, with the ‎percentage of US PE investments hitting an all-time high in the information ‎technology industry. ‎Buyers migrated to all types of tech companies this year, with the ‎public market’s surprising resilience ‎during the pandemic being partly attributed to a surge ‎in tech stocks.
 ‎‎

    Riot Blockchain Inc. (NASDAQ:RIOT) shares were trading up 32.65% at $14.65 at ‎the time of writing on Tuesday after reporting an expected 65% increase in bitcoin mining hash rate ‎capacity resulting from the purchase and future deployment of 15,000 S19 Pro and S19j Pro Antminers ‎from Bitmain Technologies Limited.

    Riot Blockchain Inc. (NASDAQ:RIOT) share price went from a low point around ‎‎$0.51 to briefly over $11.85 in past 52 weeks, though shares have since pulled back to $14.65. RIOT ‎market cap has remained high, hitting $771.50M at the time of writing, giving it price-to-sales ratio of ‎more than 90.

    ‎Ideanomics Inc. (IDEX) last closed at $2.14, in a 52-week range of $0.28 to $4.75. ‎the firm on December 15, 2020 declared its Mobile Energy Global (MEG) division’s sales activities for ‎the month of November.

    ‎Aurora Mobile Limited (JG) stock soar by 50.16% to $4.79 after declaring a ‎partnership with a global leading new energy vehicle manufacturer to deliver an enhanced intelligent ‎driving experience. The most recent rating by Goldman, on March 06, 2019, is at a Neutral.

    Luminar Technologies Inc (NASDAQ:LAZR) Shares headed rising, higher as much ‎as 6.32%. The most recent rating by Deutsche Bank, on December 18, 2020, is at a Buy.

    ‎Uber Technologies Inc. (NYSE:UBER) rose 3.82% after gaining more than $1.98 ‎on Tuesday. The company on December 9, 2020 revealed the pricing of $1.0 billion convertible senior ‎notes offering.

    ‎Cloudera Inc. (CLDR) last closed at $14.64, in a 52-week range of $4.76 to $14.20. ‎The firm reported on December 4, 2020 that total revenue for the third quarter was $217.9 million, an ‎increase of 10% as compared to the third quarter of fiscal 2020. Analysts have a consensus price target ‎of $14.50.

    ‎Slack Technologies Inc. (WORK) stock soar by 0.73% to $42.88. On December 2, ‎‎2020, the company released strong third quarter fiscal year 2021 results. The most recent rating by ‎Morgan Stanley, on December 09, 2020, is at an Equal-weight.

    ‎salesforce.com inc. (NYSE:CRM) Shares headed rising, higher as much as 2.08%. ‎The company declared a partnership with IBM to help organizations and individuals verify vaccine and ‎health status The most recent rating by BofA Securities, on December 16, 2020, is at a Buy.

    ‎ZoomInfo Technologies Inc. (NASDAQ:ZI) rose 5.23% after gaining more than ‎‎$2.31 on Tuesday after revealing that it has won three more Comparably Awards for company culture ‎excellence in 2020.

    ‎Phunware Inc. (PHUN) last closed at $1.01, in a 52-week range of $0.54 to $3.00 ‎following a new release of its mobile application software, Healthy Spaces, on Google Play for ‎Android.

    ‎Exela Technologies Inc. (XELA) stock drop by -7.12% to $0.40. The company on ‎December 17, 2020 revealed that it has entered into a 5-year, $145 million term loan facility with ‎Angelo Gordon, a global alternative investment firm. The most recent rating by Morgan Stanley, on ‎January 16, 2019, is at an Equal-weight.

    Fastly Inc. (NYSE:FSLY) Shares headed rising, higher as much as 3.52%. The most ‎recent rating by Credit Suisse, on November 25, 2020, is at a Neutral.

    ‎RealPage Inc. (NASDAQ:RP) rose 0.23% after gaining more than $0.2 on Tuesday ‎after announcing that it has entered into a definitive agreement to be acquired by Thoma Bravo

    ‎Snowflake Inc. (SNOW) last closed at $341.16, in a 52-week range of $208.55 to ‎‎$429.00. Analysts have a consensus price target of $302.57.

    Borqs Technologies Inc. (BRQS) stock soar by 1.90% to $1.07. On December 2, ‎‎2020, the firm reported that the it has signed the official agreement for cooperation with the Huzhou ‎South Taihu New Area for a 5G Industrial Park Project.

  • 17 Software Application Stocks You Can’t Ignore In 2020

    17 Software Application Stocks You Can’t Ignore In 2020

    The Software Application industry is heading towards an era of new growth as the demand for software applications is increasing. In the current period, new technologies are emerging which in turn completely changing how companies interact with, develop, and use the software.  Emerging markets, new products, complex business models, and increasing demands stimulated the growth of this industry.

    The companies in this industry are involved in the development of new application software that enhanced flexibility and reduces risks.  This industry has a huge marketplace and has many profitable opportunities. 2020 taught us that this industry is very important and it will continue to rise in the future. The industry helped people to interact and communicate with one another in the current period of a pandemic.

    Check out the top 17 leading companies in the software Application Industry that need your attention:

    Marin Software Incorporated (NASDAQ: MRIN)

    Marin Software Incorporated (NASDAQ: MRIN) shares were trading up 62.74% at $3.45 at the time of writing on Friday. Marin Software Incorporated (NASDAQ: MRIN) share price went from a low point around $0.77 to briefly over $5.70 in the past 52 weeks, though shares have since pulled back to $3.45. MRIN market cap has remained high, hitting $14.80M at the time of writing, giving it a price-to-sales ratio of more than 0.

    Marin Software Incorporated (MRIN) has earlier revealed that it is scheduled to report its financial results for the quarter ended September 30, 2020, on November 5 after the market close. If we look at the recent analyst rating MRIN, Stifel downgraded coverage on MRIN shares with a Hold rating and a $2.00 price target, which implies room for -1.45% downside momentum this year.

    Fastly Inc. (NYSE: FSLY)

    Fastly Inc. (NYSE: FSLY) stock drop by -3.61% to $76.35 after FSLY Final Deadline Tomorrow: Rosen, A Globally Recognized Firm, Reminds Fastly, Inc. Investors of Important October 26 Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact the Firm – FSLY. The most recent rating by Piper Sandler, on October 23, 2020, is at an Underweight.

    Zedge Inc. (AMEX: ZDGE)

    Zedge Inc. (AMEX: ZDGE) last closed at $2.54, in a 52-week range of $0.66 to $2.10. Analysts have a consensus price target of $3.00. Zedge Inc. (ZDGE) has earlier revealed the fiscal fourth quarter and full fiscal-year results of 2020 of the quarter ended July 31, 2020. It has reported an increase in revenue to $2.7 million. Its paid subscription revenue rose 378% to $0.6 million.

    Uber Technologies Inc. (NYSE: UBER)

    Uber Technologies Inc. (NYSE: UBER) shares headed rising, higher as much as 0.14%. The most recent rating by Daiwa Securities, on August 21, 2020, is at an Outperform. Uber Technologies Inc. (UBER) has earlier disclosed that it will announce its third-quarter 2020 financial results on November 5, 2020.

    Lyft Inc. (NASDAQ: LYFT)

    Lyft Inc. (NASDAQ: LYFT) rose 1.72% after gaining more than $0.44 on Friday. Lyft Inc. (LYFT) earlier announced that it will share its third-quarter 2020 financial results on November 10, 2020. It has moved up 78.69% from its 52-weeks low and moved down -52.26% from its 52-weeks high.  Looking at its liquidity, it has a current ratio of 1.60. Lyft Inc. has a total market capitalization of $7.98 billion at the time of writing.

    Slack Technologies Inc. (NYSE: WORK)

    Slack Technologies Inc. (NYSE: WORK) last closed at $28.76, in a 52-week range of $15.10 to $40.07. Analysts have a consensus price target of $30.62. Slack Technologies Inc. (WORK) Chief Executive Officer and Co-Founder Stewart Butterfield, and Vice President of Product Ilan Frank has earlier participated in a fireside chat hosted by Alex Zukin, Managing Director, Software Equity Research at RBC Capital Markets on Tuesday, October 13, 2020.

    Ideanomics Inc. (NASDAQ: IDEX)

    Ideanomics Inc. (NASDAQ: IDEX) shares headed falling, lower as much as -2.39%. Ideanomics Inc. (IDEX) has earlier announced the acquisition of California-based Solectrac, Inc. for the consideration of $1.3 million. Solectrac develops, assembles, and distributes 100% battery-powered electric tractors—an alternative to diesel tractors for agriculture and utility operations.

    Snowflake Inc. (NYSE: SNOW)

    Snowflake Inc. (NYSE: SNOW) fall -10.78% after losing more than -$32.04 on Friday. Snowflake Inc. (SNOW), a software maker whose stock debuted with the biggest U.S. initial public offering in 2020, signed a deal worth millions of dollars with Goldman Sachs Group Inc. earlier this year.

    Weidai Ltd. (NYSE: WEI)

    Weidai Ltd. (NYSE: WEI) last closed at $1.90, in a 52-week range of $0.73 to $6.50. Analysts have a consensus price target of $2.16. Weidai Ltd. (WEI) has earlier issued a statement regarding the unusual trading activity related to the American depositary shares of the Company on the New York Stock Exchange.

    Citrix Systems Inc. (CTXS)

    Citrix Systems Inc. (CTXS) stock drop by -3.11% to $122.71. The most recent rating by Morgan Stanley, on October 23, 2020, is at an Equal-weight. Citrix Systems Inc. (CTXS) and Upwork have earlier announced that they have decided to expand their collaboration to empower flexible work models and provide fast, easy, and secure access to untapped pools of specialized talent to fuel business innovation and growth.

    Digital Turbine Inc. (NASDAQ: APPS)

    Digital Turbine Inc. (NASDAQ: APPS) shares headed rising, higher as much as 3.01%. The most recent rating by Ladenburg Thalmann, on August 06, 2020, is at a Buy. Digital Turbine Inc. (APPS) has announced earlier that it will host the conference call and webcast to discuss its fiscal 2021 second-quarter financial results and operating progress on Thursday, October 29.

    Unity Software Inc. (NYSE: U)

    Unity Software Inc. (NYSE: U) fall -3.65% after losing more than -$3.68 on Friday. Unity Software Inc. (U) has earlier announced its partnership with three groups including Pledge 1%, a global movement which urged companies to donate 1% of their profit to local communities,  Rare Beauty, the cosmetic company founded by Selena Gomez, and Playing for the Planet,  an alliance of private video game sector member organizations who have committed to harnessing the power of their platforms to take action on the climate crisis

    salesforce.com inc. (NYSE: CRM)

    salesforce.com inc. (NYSE: CRM) last closed at $250.52, in a 52-week range of $115.29 to $284.50. Analysts have a consensus price target of $275.89. salesforce.com inc. (CRM) disclosed a significant expansion of Work.com to help companies get back to growth and thrive in the new normal.

    9F Inc. (NASDAQ: JFU)

    9F Inc. (NASDAQ: JFU) stock drop by -4.14% to $1.39. National law firm Barr Law Group has earlier announced that it is investigating Dividend and Income Fund, 9F Inc., and Stratus Properties Inc. It has moved up 93.06% from its 52-weeks low and moved down -89.93% from its 52-weeks high.  JFU market cap has remained high, hitting $283.00 million at the time of writing.

    Datadog Inc. (NASDAQ: DDOG)

    Datadog Inc. (NASDAQ: DDOG) shares headed rising, higher as much as 3.17%. The most recent rating by Berenberg, on October 07, 2020, is at a Hold. Datadog Inc. (DDOG) that the Gartner Peer Insights ‘Voice of the Customer’: Application Performance Monitoring report named Datadog an October 2020 Customers’ Choice.

    Riot Blockchain Inc. (NASDAQ: RIOT)

    Riot Blockchain Inc. (NASDAQ: RIOT) stock drop by -3.58% to $3.91. Riot Blockchain Inc. (RIOT) share price went from a low point around $0.51 to briefly over $4.58 in the past 52 weeks. It has moved up 665.17% from its 52-weeks low and moved down -14.63% from its 52-weeks high.  RIOT market cap has remained high, hitting $198.39 million at the time of writing.

    Cloudera Inc. (NYSE: CLDR)

    Cloudera Inc. (NYSE: CLDR) rose 1.17% after gaining more than $0.12 on Friday. Cloudera Inc. (CLDR) share price went from a low point around $4.76 to briefly over $14.20 in the past 52 weeks. It has moved up 117.65% from its 52-weeks low and moved down -27.03% from its 52-weeks high.  CLDR market cap has remained high, hitting $3.17 Billion at the time of writing.

     

  • 15 Of The Best Stock In Software Application Industry You Should Be Holding Right Now

    15 Of The Best Stock In Software Application Industry You Should Be Holding Right Now

    The software Application Industry is a huge market with many profitable opportunities that can be explored. New products, new technological innovations, and a competitive market stimulated the growth of the software industry. Software is ubiquitous. As we enter into a new decade, one thing is clear that the software application industry will continue to rise.

    As we all are well aware that software changes every year, every month, every week, and in many cases every day. The software application industry is expected to grow further in the coming years as the demands of users continuously increasing. The business technology software platform brings together people, data, and applications.

    Here are the top 15 leading companies in the software application industry:

    Slack Technologies Inc. (NYSE: WORK)

    Slack Technologies Inc. (NYSE: WORK) shares were trading up 0.86% at $29.32 at the time of writing on Tuesday. Slack Technologies Inc. (NYSE: WORK) share price went from a low point around $15.10 to briefly over $40.07 in the past 52 weeks, though shares have since pulled back to $29.32. WORK market cap has remained high, hitting $17.61B at the time of writing, giving it a price-to-sales ratio of more than 20.

    Slack Technologies has announced the Q2 fiscal year 2021 results. Slack Technologies has added 8,000 new paid customers to its platform. WORK’s total revenue was $215.9 million, an increase of 49% year-over-year. If we look at the recent analyst rating WORK, Wolfe Research initiated coverage on WORK shares with a Peer Perform rating and a $34.29 price target, which implies room for 4.97% upside momentum this year.

    Uber Technologies Inc. (UBER)

    Uber Technologies Inc. (UBER) last closed at $34.32, in a 52-week range of $13.71 to $41.86. Analysts have a consensus price target of $41.22. UBER Technologies has earlier disclosed that it has partnered with CarTrawler This partnership enables users in the UK to rent cars via the uber app. In the Uber app, there will be an option of ‘Uber Rent’ which allows customers to select the available car for their desired destination.

    UBER Technologies has also taken the main step to provide the best to its customers. UBER announced Tuesday that every vehicle of uber will be electric by 2040. UBER pledged to contribute $800 million through 2025 to help drivers switch to battery-powered vehicles, including discounts for vehicles bought or leased from partner automakers.

    DocuSign Inc. (NASDAQ: DOCU)

    DocuSign Inc. (NASDAQ: DOCU) Shares headed falling, lower as much as -4.92%. The most recent rating by Deutsche Bank, on September 04, 2020, is at a Hold. DocuSign Inc. (DOCU) has earlier posted the Q2 fiscal 2021 financial results. It has reported the total revenue of $342.2 million and recorded an increase of 45% y/y. Its subscription revenue was $323.6 million and professional service and other revenue was $18.6 million. It has traded up $45.52 from its 52-weeks low and traded down $290.23 from its 52-weeks high.

    Lyft Inc. (NASDAQ: LYFT)

    Lyft Inc. (NASDAQ: LYFT) rose 3.90% after gaining more than $1.13 on Tuesday. Lyft Inc. (LYFT) has revealed on Tuesday that its trips increase 7.3% in August from July as operations in Canada recovered faster than in the US. But the novel coronavirus pandemic hasn’t stopped there in decreasing the demands. Lyft revealed that it has recorded the 53% drop in its rides in August compared to the year earlier. The company also announced that it expects lower incentive spending in the Q3.

    Cloudera Inc. (NYSE: CLDR)

    Cloudera Inc. (NYSE: CLDR) stock drop by -2.94% to $10.89. The most recent rating by Northland Capital, on June 09, 2020, is at a Market perform. Cloudera Inc. (CLDR) has announced a second-quarter fiscal 2021 financial result. Its total revenue for the Q2 was $214.3 and recorded an increase of 9% as compared to the earlier year. Cloudera Inc. subscription revenue was $191.5 million and its annualized recurring revenue has recorded an increase of 12%.

    Ideanomics Inc. (NASDAQ: IDEX)

    Ideanomics Inc. (NASDAQ: IDEX) fall -6.90% after losing more than -$0.08 on Tuesday. Ideanomics Inc. (NASDAQ: IDEX) has earlier participated in the LD 500 Investor conference on September 3rd. Ideanomica Inc market capitalization has remained high, hitting $265.16 million at the time of writing. It has recorded the 52-weeks low range of $0.28 and a 52-weeks high range of $3.98.

    Nuance Communications Inc. (NASDAQ: NUAN)

    Nuance Communications Inc. (NASDAQ: NUAN) stock drop by -3.89% to $28.93. The most recent rating by CFRA, on August 06, 2020, is at a Sell. Nuance Communications Inc. (NUAN) has announced Tuesday that it has been named as the leader in Opus Research’s Intelligent Authentication And Fraud Prevention Intelliview Report. As per the report, Nuance has the most complete offering across authentication and fraud prevention, proven success supporting multiple factors, IoT applications, and the ability to incorporate new technologies like Deep Neural Networks (DNNs).

    Datadog Inc. (NASDAQ: DDOG)

    Datadog Inc. (NASDAQ: DDOG) Shares headed rising, higher as much as 0.52%. The most recent rating by Needham, on August 07, 2020, is at a Buy. Datadog Inc. (NASDAQ: DDOG) has disclosed earlier that its management will participate in Jefferies Software virtual conference on September 14, 2020. Datadog Inc. (DDOG) market capitalization has remained high hitting, 24.42 billion at the time of writing.

    Medallia Inc. (NYSE: MDLA)

    Medallia Inc. (NYSE: MDLA) last closed at $32.49, in a 52-week range of $16.04 to $40.20. Analysts have a consensus price target of $34.36. Medallia Inc. (MDLA) has announced the Q2 results. It has reported the total revenue of $115.5 million and subscription revenue of $92.8 million. Loss from operations for the quarter was $34.5 million. Net loss for the quarter was $35.2 million, or ($0.25) per share, basic and diluted.

    salesforce.com inc. (NYSE: CRM)

    salesforce.com inc. (NYSE: CRM) stock drop by -5.27% to $241.27. The most recent rating by Wedbush, on August 26, 2020, is at an Outperform. salesforce.com inc. (CRM) the stock has fluctuated between the low of $115.29 and a high of $284.50. This company market capitalization has remained high, hitting $228.44 billion at the time of writing.

    Fastly Inc. (NYSE: FSLY)

    Fastly Inc. (NYSE: FSLY) last closed at $81.08, in a 52-week range of $10.63 to $117.79. Analysts have a consensus price target of $96.90. Fastly Inc. (FSLY) has moved up 662.75% from its 52-weeks low and moved down -31.17% from its 52-weeks high. Its market capitalization has remained high, hitting 8.61 billion.

    BigCommerce Holdings Inc. (NASDAQ: BIGC)

    BigCommerce Holdings Inc. (NASDAQ: BIGC) Shares headed falling, lower as much as -10.88%. The most recent rating by Truist, on August 31, 2020, is at a Hold. BigCommerce Holdings Inc. (BIGC) has a 52-weeks low and high range of  $63.77 and $162.50, respectively. It has traded up 49.50% from its 52-weeks low and traded down -41.33% from its 52-weeks high.

    Riot Blockchain Inc. (NASDAQ: RIOT)

    Riot Blockchain Inc. (NASDAQ: RIOT) last closed at $2.82, in a 52-week range of $0.51 to $4.58. Riot Blockchain Inc. (RIOT) has moved up 451.86% from its 52-weeks low and moved down -38.43% from its 52-weeks high. Its market capitalization has remained high, hitting $135.84 million at the time of writing.

    Digital Turbine Inc. (NASDAQ: APPS)

    Digital Turbine Inc. (NASDAQ: APPS) fall -0.09% after losing more than -$0.02 on Tuesday. Digital Turbine Inc. (APPS) stock has fluctuated between the low of $3.42 and a high of $29.56. It has moved up 574.71% from its 52-weeks low and moved down -20.575 from its 52-weeks high. Its market capitalization has remained high, hitting 2.11 billion.

    StoneCo Ltd. (NASDAQ: STNE) 

    StoneCo Ltd. (NASDAQ: STNE) stock drop by -0.38% to $49.81. The most recent rating by UBS, on August 26, 2020, is at a Neutral. StoneCo Ltd. (STNE) has a 52-weeks low and high range of $17.71 and $55.00, respectively. It has moved up to 181.09% from its 52-weeks low and moved down -9.44% from its 52-weeks low.