A software sector selloff is underway, affecting multiple companies including Snowflake Inc., Cloudflare, and Datadog due to profit-taking.
2 reports, 2 independent
Updated Sep 2
Gone quiet
Reached 2 outlets in its first 24 hours
- Reports
- 2
- Developments
- 2
- Repetition
- 50%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
A software sector selloff is underway, affecting multiple companies including Snowflake Inc., Cloudflare, and Datadog due to profit-taking.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Datadog's market moves are in sympathy with the revenue guidance provided by Snowflake.Sub-event
Software sector selloff impacts Snowflake, Cloudflare, and Datadog due to profit-taking.1 source
Keep exploring
The entities involved
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Snowflake Inc.
cloud-based data-warehousing startup
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Cloudflare
American internet infrastructure and website security company
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Datadog
US IT company
Nothing else this week.
Related events
- Software stocks rallied following strong Q1 results from Snowflake Inc., with Paychex and Dell also operating in the enterprise software sector.
- Datadog, Atlassian, and Cloudflare are facing enterprise software market headwinds but are demonstrating resilience.
- Datadog, Zscaler, CrowdStrike, Okta, and SentinelOne are benefiting from market tailwinds and high software spending following their earnings reports.