Slack Technologies, Inc. (WORK)

[JohnCM]

Software stocks slip on IBM's headwinds

Apr. 21, 2020
About: International Business Mach(IBM)|
By: Brandy Betz, SA News Editor

During yesterday's Q1 call, IBM (IBM -3.1%) management mentioned a "pause" in client spending last month that was most pronounced in the software segment.

Other software names seeing red include Fortinet (FTNT -7.8%), Cloudflare (NET -6.2%), Slack (WORK -6.5%), Salesforce (CRM -5.6%), and Oracle (ORCL -3.9%).

Related software ETFs: IGV, PSJ, XSW