Investors pummeled software stocks Atlassian, Twilio and Cloudflare for issuing weak guidance amid expectations the economy will slow. Read More...
Motley Fool
Atlassian and Twilio Show the Downside of SaaS Stocks
On one hand, Wall Street seemed to be in a good mood overall Friday morning, with futures contracts on major market indexes all signaling modest gains. In particular, software-as-a-service (SaaS) stocks Atlassian (NASDAQ: TEAM) and Twilio (NYSE: TWLO) were among the worst performers in premarket trading Friday morning. Both companies had downbeat forecasts, and they have some investors wondering whether the entire SaaS stock business model could prove not to be as resilient as its proponents have suggested for years.
