Shares of companies in the broader software sector are trading lower. Some stocks in the sector may be down in sympathy with Adobe, which fell after issuing weak guidance.
Portfolio Pulse from Benzinga Newsdesk
Shares of companies in the broader software sector are trading lower, likely due to Adobe's weak guidance impacting the sector. Adobe's announcement has caused a ripple effect, affecting stocks like CRM, HUBS, INTU, NOW, TEAM, and VERI.
March 15, 2024 | 7:48 pm
News sentiment analysis
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NEGATIVE IMPACT
CRM shares are trading lower in sympathy with Adobe's weak guidance, affecting the broader software sector.
CRM, being a significant player in the software sector, is likely to be impacted by negative sentiment following Adobe's announcement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HUBS shares are down, likely influenced by Adobe's weak guidance and its impact on the software sector.
HUBS, as part of the software sector, is experiencing a downturn in its stock price, likely due to the negative outlook presented by Adobe.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
INTU shares are trading lower, possibly as a reaction to Adobe's weak guidance affecting the software sector's outlook.
INTU's stock price is likely affected by the broader market sentiment towards the software sector, triggered by Adobe's weak guidance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NOW shares are trading lower, in line with the broader software sector's downturn following Adobe's weak guidance.
NOW, being part of the software sector, is negatively impacted by the pessimistic outlook caused by Adobe's announcement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TEAM shares are down, likely due to the negative sentiment in the software sector caused by Adobe's weak guidance.
TEAM's stock price is likely affected by the negative sentiment towards the software sector, following Adobe's weak guidance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
VERI shares are trading lower, likely affected by the broader software sector's negative sentiment following Adobe's weak guidance.
VERI, as part of the software sector, is experiencing a downturn in its stock price, likely due to the negative outlook presented by Adobe.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80