Shares of software and IT stocks are trading lower, possibly following weak guidance from Salesforce.
Portfolio Pulse from Benzinga Newsdesk
Shares of software stocks are trading lower, possibly following weak guidance from Salesforce.
May 30, 2024 | 1:40 pm
News sentiment analysis
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NEGATIVE IMPACT
Adobe shares are likely trading lower due to weak guidance from Salesforce.
As a major player in the software industry, Adobe's stock is likely affected by Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Salesforce's weak guidance is likely causing a decline in software stocks.
Salesforce's guidance is a key indicator for the software sector. Weak guidance suggests potential challenges ahead, leading to a negative impact on related stocks.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
CrowdStrike shares are likely trading lower due to weak guidance from Salesforce.
CrowdStrike, being part of the software sector, is likely impacted by Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
DocuSign shares are likely trading lower due to weak guidance from Salesforce.
DocuSign, as a software company, is likely affected by the negative sentiment from Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
HubSpot shares are likely trading lower due to weak guidance from Salesforce.
HubSpot, being in the software sector, is likely impacted by Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Intuit shares are likely trading lower due to weak guidance from Salesforce.
Intuit, as a major software company, is likely affected by the negative sentiment from Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
MongoDB shares are likely trading lower due to weak guidance from Salesforce.
MongoDB, being part of the software sector, is likely impacted by Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Cloudflare shares are likely trading lower due to weak guidance from Salesforce.
Cloudflare, as a software company, is likely affected by the negative sentiment from Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
ServiceNow shares are likely trading lower due to weak guidance from Salesforce.
ServiceNow, being in the software sector, is likely impacted by Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Oracle shares are likely trading lower due to weak guidance from Salesforce.
Oracle, as a major software company, is likely affected by the negative sentiment from Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Palo Alto Networks shares are likely trading lower due to weak guidance from Salesforce.
Palo Alto Networks, being part of the software sector, is likely impacted by Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
SAP shares are likely trading lower due to weak guidance from Salesforce.
SAP, as a major software company, is likely affected by the negative sentiment from Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Workday shares are likely trading lower due to weak guidance from Salesforce.
Workday, being in the software sector, is likely impacted by Salesforce's weak guidance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70