Barclays: “Market is still excited” for cloud

2014 hasn’t been the same type of year for cloud as 2013. If you go back into 2013, it’s almost as if cloud could do no wrong. Was 2014 the wake-up call that cloud needed? Box’s IPO is now on hold after the company admitted that it was hemorrhaging 9 figures.

Cloud companies that were seeking investments in the stock market or by drumming up venture capital have been met with a cold shoulder since the beginning of the year. When will the investing mood cheer up for cloud companies around the globe?

Laurence Goldberg, who works for Barclays mentions, “Valuations got a little bit ahead of themselves through March.” Goldberg goes on to say that, “The market is still excited about these types of companies.”

Large cloud players such as Microsoft, Amazon and Google haven’t been hit nearly as hard as the smaller players such …