Cloud Software Stocks Rip Higher After Strong Earnings from Snowflake, Others

Many enterprise software stocks are adding to their big 2020 gains on Thursday, as investors take heart in a batch of strong earnings reports that were posted on Wednesday afternoon.

Zscaler  (ZS) – Get Report is up 24.3%, Okta  (OKTA) – Get Report is up 6.9%, Snowflake  (SNOW) – Get Report is up 16%, Elastic  (ESTC) – Get Report is up 14.2% and CrowdStrike  (CRWD) – Get Report is up 15.1% after each company comfortably beat its October quarter estimates and (generally speaking) issued strong guidance. And a number of other software names appear to be catching sympathy bids.

Palantir Technologies  (PLTR) – Get Report, which tumbled yesterday on a Morgan Stanley downgrade, is up 8.8%. Smartsheet  (SMAR) – Get Report is up 6.8%, Datadog  (DDOG) – Get Report is up 4.8%, Unity

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Salesforce takeover of Slack is a defining moment for cloud software

Meet the new boss. Same as the old boss. Those lyrics from The Who nearly 50 years ago sum up the sinking sense of inevitability that comes with each new round of consolidation in tech.

Periods defined by their innovative start-ups and restless reinvention give way to phases when industry leaders buy up the most promising newcomers and either snuff out their ideas or bend them to their own ends.

The cloud software business — also known as software as a service, or SaaS — may just have reached its moment of reckoning. This week’s $27.7bn acquisition of workplace messaging company Slack by Salesforce looks like a turning point — and not just because Slack has been emblematic of a wave of start-ups searching for new and more creative ways of working.

In the parlance of business software, the deal highlights the perennial tension between “best of breed” products —

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Salesforce buys Slack for $27.7 billion in cloud company’s largest deal

Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce.

Kim Kulish | Corbis News | Getty Images

Salesforce is making the biggest acquisition in its 21-year history. The company announced on Tuesday that it’s buying chat software developer Slack for over $27 billion.

Through a combination of cash and stock, Salesforce is purchasing Slack for $26.79 a share and .0776 shares of Salesforce, according to a statement. That comes to about $45.86 a share. Prior to initial reports of a deal last week, which led to a 38% pop in Slack’s shares, the stock was trading at under $30.

The purchase marks one of the largest ever for the software industry. The biggest was IBM’s $34 billion purchase of Red Hat in 2018, followed by Microsoft’s $27 billion acquisition of LinkedIn in 2016. Last year, the London Stock Exchange agreed to buy data provider Refinitiv for $27

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Salesforce acquires Slack for over $27 billion, marking cloud software vendor’s largest deal ever

  • Salesforce is buying Slack using a combination of stock and cash.
  • Prior to Slack, Salesforce’s biggest deals were the $15.3 billion purchase of Tableau last year and the $6.5 billion acquisition of MuleSoft in 2018.
  • The deal pits Salesforce against Microsoft in yet another market, with the companies already going head-to-head in sales software, data visualization and productivity tools.



Marc Benioff wearing a suit and tie: Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce.


© Provided by CNBC
Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce.

Salesforce is making the biggest acquisition in its 21-year history. The company announced on Tuesday that it’s buying chat software developer Slack for over $27 billion.

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Through a combination of cash and stock, Salesforce is purchasing Slack for $26.79 a share and .0776 shares of Salesforce, according to a statement. That comes to about $45.86 a share. Prior to initial reports of a deal last week, which led to a 38% pop in

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North America Browser Isolation Software Markets 2020: Cloud Segment to Dominate the Market

Dublin, Nov. 27, 2020 (GLOBE NEWSWIRE) — The “North America Browser Isolation Software Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Deployment Type, Enterprise Size, and End-Use Industry” report has been added to ResearchAndMarkets.com’s offering.

Cloud Segment to Dominate North America Browser Isolation Software Market during 2019-2027

North America Browser Isolation Software Market is expected to reach US$2,675.3 million by 2027 from US$792.4 million in 2019 and is estimated to grow at a CAGR of 17.2% from 2020 to 2027.

The report provides trends prevailing in the North America browser isolation software market along with the drivers and restraints pertaining to the market growth. Investments in cyber-security technology witnessed growth is the major factor driving the growth of the North America browser isolation software market. However, issues associated with developing countries having limited awareness hinders the growth of North America browser isolation software market.

The North America

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Global Cloud Backup & Recovery Software Market Analysis By Size, Segments, Applications, Types, Competitors, Demographics And Forecast To 2026

The MarketWatch News Department was not involved in the creation of this content.

Nov 26, 2020 (The Expresswire) —
“Cloud Backup and Recovery Software Market” report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, threats, and global markets including progress trends, competitive landscape analysis, and key regions expansion status.This report is comprehensive numerical analyses of the Cloud Backup and Recovery Software industry and provides data for making strategies to increase the market growth and success. The Report also estimates the market size, Price, Revenue, Gross Margin and Market Share, cost structure and growth rate for decision making.

Global Cloud Backup and Recovery SoftwareMarket is growing due to growing requirements for quality inspection and surge in demand. It also provides pin-point analysis for changing competitive dynamics and provides healthy CAGR during the period 2026 and calculate the market size,Cloud Backup and

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Salesforce in talks to buy Slack in huge cloud software deal

Cloud software company Salesforce is in talks to buy Slack, the work messaging app, in what would be one of the biggest software transactions to date, according to people familiar with the matter. 

An announcement could be made early next week, one person close to the deal said.

Marc Benioff, the founder and chief executive of Salesforce, has been on a hunt for acquisitions for some time and has been looking at several targets, according to another person briefed on the matter.

Shares in Slack were up 22 per cent after The Wall Street Journal first reported that the two companies had discussed a deal, sending the company’s market value above $20bn. Salesforce stock dropped about 3 per cent on the news. 

Salesforce has been among the big winners of the coronavirus pandemic due to a surge in cloud software spending. By contrast, Slack — an app used by workers

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Cloud Content Collaboration Software Market Next Big Thing | Major Giants Apple, Google, Microsoft

The MarketWatch News Department was not involved in the creation of this content.

Nov 23, 2020 (AB Digital via COMTEX) —
Latest released the research study on Global Cloud Content Collaboration Software Market, offers a detailed overview of the factors influencing the global business scope. Cloud Content Collaboration Software Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Cloud Content Collaboration Software. The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Google LLC (United States), Microsoft Corporation (United States), Apple Inc. (United States), Oracle Corporation (United States), Dropbox (United States), Intralinks, Inc (Hong Kong), Axway (Amplify) (France), Citrix Systems, Inc. (United States), Egnyte (United States), Droplr (United States), pCloud AG (Switzerland), Datto, Inc.

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Global OpenStack Cloud Software Market 2020 Segmentation, Future Business Strategy, Manufacturers Analysis and Forecast by 2026

The MarketWatch News Department was not involved in the creation of this content.

Nov 22, 2020 (CDN Newswire via Comtex) —
Global OpenStack Cloud Software Market 2020 by Company, Regions, Type and Application, Forecast to 2026 is the latest market report rolled out by MarketsandResearch.biz, one of the world’s leading market research firms. The report contains a detailed description of all the major market components such as global status and trend, market size, sales volume, market share, growth, future trends analysis, segment, and forecasts from 2020 – 2026. In the research report, various factors of the market & industry including market overview, premium insights, key insights, and company profiles of the key market players have been studied/researched and compiled together. The research contains an in-depth study of the market including its key opportunities and growth trends.

Market Sectioning:

The market can be segmented into various types and applications. The

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Industry News: Cloud Network Security Software Market share will grow at CAGR of 21.4 % says Marketstudyreport

The MarketWatch News Department was not involved in the creation of this content.

Nov 23, 2020 (Market Insight Reports) —
Selbyville, Delaware. The report Cloud Network Security Software Market Analysis and forecast 2025 maintains enhanced dynamics and is overshadowed by a top player across the globe. The research report provides Cloud Network Security Software Market analysis and information corresponding to market segments such as geographies, product type, application, and end-use industry. Experts use the most recent Cloud Network Security Software Market research techniques and tools to assemble widespread and precise marketing research reports. A detailed outline about Cloud Network Security Software market size and share were combined in this report which gives a comprehensive analysis of different verticals of businesses.

The ratio of shares and breakdowns are defined using verified primary sources. The Cloud Network Security Software Market forecast report could be a collection of first-hand info, qualitative and quantitative

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