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Stock impact report

Snowflake, Zscaler, Cloudflare, Atlassian, Datadog most at risk software names: Jefferies [Seeking Alpha]

Zscaler, Inc. (ZS) 
Last zscaler, inc. earnings: 2/20 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Snowflake, Zscaler, Cloudflare, Atlassian, Datadog most at risk software names: JefferiesOct. 02, 2022 11:00 AM ETSnowflake Inc. (SNOW)ZSNETTEAMIGVTWOUZUODDOGSUMOSMWBVMEOBy:Chris CiacciaSA News Editor1 CommentWarchiSoftware stocks have tumbled in recent months as the Federal Reserve looks to combat rising inflation with higher interest rates, putting shivers into the global economy.And though valuations have come down across the board, investment firm Jefferies believesthat "winter came quick" for the software space, with Snowflake (NYSE:), Zscaler (NASDAQ:), Cloudflare (), Atlassian () and Datadog () having the most to lose.In a research note, analyst Brent Thill said that software companies have been "slow to get in front of tougher times" as only a few companies have cut expenses. And while there could be certain events that change sentiment, such as continued drops in valuation, mergers and other crowded areas losing favor, it is likely the space is in for "more trims ahead.""We b Show less Read more
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