Growth Wanes at Instacart, GopuffRead more

Briefing
enterprise cloud

Subscription Software Firms Seeing Hefty Stock Declines After Earnings

By
Kevin McLaughlin
· · Source: The Information

Subscription software companies have been popular with investors during the Covid-19 pandemic, but enthusiasm for some of them appears to be cooling. Shares of PagerDuty, Zuora, and CrowdStrike are all down significantly on Thursday after reporting quarterly earnings yesterday, although the declines come amid a market-wide decline of about 4%. Still, the software stocks fell much more heavily....

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