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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 +2.65% /zigman2/quotes/202053813/delayed XE:SAP +1.68% 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 +0.96% sank 2.9% in premarket trading, Salesforce.com Inc. /zigman2/quotes/200515854/composite CRM +2.74% dropped 1.6% and Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +2.11% 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 +0.10% for the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.06% slumped 290 points, or 1.0%.

/zigman2/quotes/207905606/composite
US : U.S.: NYSE
$ 138.82
+3.59 +2.65%
Volume: 690,929
May 14, 2021 4:00p
P/E Ratio
26.01
Dividend Yield
2.04%
Market Cap
$163.22 billion
Rev. per Employee
$304,253
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/zigman2/quotes/202053813/delayed
XE : Germany: Xetra
114.04
+1.88 +1.68%
Volume: 1.46M
May 14, 2021 6:30p
P/E Ratio
25.06
Dividend Yield
1.62%
Market Cap
€134.52 billion
Rev. per Employee
€266,894
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/zigman2/quotes/202180826/composite
US : U.S.: NYSE
$ 78.89
+0.75 +0.96%
Volume: 9.03M
May 14, 2021 4:02p
P/E Ratio
18.83
Dividend Yield
1.62%
Market Cap
$227.48 billion
Rev. per Employee
$289,393
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/zigman2/quotes/200515854/composite
US : U.S.: NYSE
$ 217.66
+5.80 +2.74%
Volume: 4.43M
May 14, 2021 4:00p
P/E Ratio
49.57
Dividend Yield
N/A
Market Cap
$200.73 billion
Rev. per Employee
$375,437
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 248.15
+5.12 +2.11%
Volume: 23.90M
May 14, 2021 4:00p
P/E Ratio
33.77
Dividend Yield
0.90%
Market Cap
$1868.96 billion
Rev. per Employee
$877,393
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/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 34,352.00
+34.00 +0.10%
Volume: 164,130
May 14, 2021 3:59p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,382.13
+360.68 +1.06%
Volume: 307.38M
May 14, 2021 5:02p
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