{"id":88402,"date":"2024-06-03T01:12:32","date_gmt":"2024-06-03T05:12:32","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88402"},"modified":"2024-06-03T01:04:38","modified_gmt":"2024-06-03T05:04:38","slug":"software-stocks-got-pummeled-last-week-after-a-cluster-of-troubling-earnings-reports","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2024\/software-stocks-got-pummeled-last-week-after-a-cluster-of-troubling-earnings-reports.html","title":{"rendered":"Software stocks got pummeled Last week after a cluster of troubling earnings reports"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/CRM\/\">Salesforce<\/a>&nbsp;executives told investors that&nbsp;<a href=\"https:\/\/www.cnbc.com\/2024\/05\/29\/salesforce-crm-q1-earnings-report-2025.html\">deals are shrinking<\/a>&nbsp;or getting delayed.&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/DELL\/\">Dell<\/a>&nbsp;said its margin is getting smaller.&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/OKTA\/\">Okta<\/a>&nbsp;highlighted macroeconomic challenges. And&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/VEEV\/\">Veeva\u2019s<\/a>&nbsp;CEO said on his company\u2019s earnings call that generative artificial intelligence has been \u201ca competing priority\u201d for customers. Salesforce shares plunged almost 20% on Thursday, the biggest drop since 2004.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/06\/01\/software-stocks-got-pummeled-this-week-on-troubling-earnings-reports.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Salesforce&nbsp;executives told investors that&nbsp;deals are shrinking&nbsp;or getting delayed.&nbsp;Dell&nbsp;said its margin is getting smaller.&nbsp;Okta&nbsp;highlighted macroeconomic challenges. And&nbsp;Veeva\u2019s&nbsp;CEO said on his company\u2019s earnings call that generative artificial intelligence has been \u201ca competing priority\u201d for customers. Salesforce shares plunged almost 20% on [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88402","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88402"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88402\/revisions"}],"predecessor-version":[{"id":88404,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88402\/revisions\/88404"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}