3 Software Stocks on Cloud 9 Today
Adobe(ADBE) Schaeffers Investment Research·2024-06-27 17:48
PANW, ADBE, and CRM are recovering from post-earnings plunges from earlier in the yearAlthough there's no specific catalyst, cloud-based software providers making outsized moves today. Three names in particular; Palo Alto Networks Inc (NASDAQ:PANW), Adobe Inc (NASDAQ:ADBE), and Salesforce Inc (NYSE:CRM), are all on the uptrend after suffering steep drops after recent earnings reports. PANW is up 5.4% to trade at $343.09, its highest level since a massive post-earnings bear gap of 28.4% on Feb. 21. The share ...