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Oct. 26, 2020, 8:21 a.m. EDT

Software stocks take a hit after SAP's profit and sales warning

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By Tomi Kilgore

Shares of business software companies fell Monday, after Germany-based software giant SAP SE /zigman2/quotes/207905606/composite SAP +0.74% /zigman2/quotes/202053813/delayed XE:SAP +0.14% issued a profit and sales warning as customers have pushed back investments as a result of the COVID-19 pandemic. Shares of Oracle Corp. /zigman2/quotes/202180826/composite ORCL +0.74% sank 2.9% in premarket trading, Salesforce.com Inc. /zigman2/quotes/200515854/composite CRM -1.87% dropped 1.6% and Microsoft Corp. /zigman2/quotes/207732364/composite MSFT -1.30% slid 1.1%. SAP's U.S.-listed shares plunged 21% premarket, putting them on track to open at a 5-month low. The selloff in software stocks comes as futures /zigman2/quotes/210407078/delayed YM00 +0.32% for the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.46% slumped 290 points, or 1.0%.

/zigman2/quotes/207905606/composite
US : U.S.: NYSE
$ 125.34
+0.92 +0.74%
Volume: 584,465
March 2, 2021 4:00p
P/E Ratio
24.92
Dividend Yield
0.99%
Market Cap
$146.94 billion
Rev. per Employee
N/A
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/zigman2/quotes/202053813/delayed
XE : Germany: Xetra
103.50
+0.14 +0.14%
Volume: 2.28M
March 2, 2021 6:30p
P/E Ratio
23.78
Dividend Yield
1.53%
Market Cap
€121.92 billion
Rev. per Employee
N/A
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/zigman2/quotes/202180826/composite
US : U.S.: NYSE
$ 66.66
+0.49 +0.74%
Volume: 13.28M
March 2, 2021 4:02p
P/E Ratio
20.21
Dividend Yield
1.44%
Market Cap
$194.81 billion
Rev. per Employee
$289,393
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/zigman2/quotes/200515854/composite
US : U.S.: NYSE
$ 213.47
-4.07 -1.87%
Volume: 10.21M
March 2, 2021 4:00p
P/E Ratio
48.66
Dividend Yield
N/A
Market Cap
$199.64 billion
Rev. per Employee
N/A
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 233.87
-3.07 -1.30%
Volume: 22.81M
March 2, 2021 4:00p
P/E Ratio
34.83
Dividend Yield
0.96%
Market Cap
$1787.05 billion
Rev. per Employee
$877,393
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/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 31,457.00
+99.00 +0.32%
Volume: 10,941
March 2, 2021 10:53p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,391.52
-143.99 -0.46%
Volume: 341.28M
March 2, 2021 5:08p
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