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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 +1.10% /zigman2/quotes/202053813/delayed XE:SAP +0.87% 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 -0.28% sank 2.9% in premarket trading, Salesforce.com Inc. /zigman2/quotes/200515854/composite CRM -5.37% dropped 1.6% and Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +0.0047% 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 -0.11% for the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.58% slumped 290 points, or 1.0%.

/zigman2/quotes/207905606/composite
US : U.S.: NYSE
$ 118.09
+1.29 +1.10%
Volume: 1.04M
Nov. 25, 2020 7:00p
P/E Ratio
25.56
Dividend Yield
1.06%
Market Cap
$138.53 billion
Rev. per Employee
$302,071
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/zigman2/quotes/202053813/delayed
XE : Germany: Xetra
99.54
+0.86 +0.87%
Volume: 2.53M
Nov. 26, 2020 6:30p
P/E Ratio
24.23
Dividend Yield
1.59%
Market Cap
€116.40 billion
Rev. per Employee
€256,047
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/zigman2/quotes/202180826/composite
US : U.S.: NYSE
$ 57.41
-0.16 -0.28%
Volume: 6.85M
Nov. 25, 2020 7:00p
P/E Ratio
18.00
Dividend Yield
1.67%
Market Cap
$172.86 billion
Rev. per Employee
$289,393
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/zigman2/quotes/200515854/composite
US : U.S.: NYSE
$ 246.82
-14.02 -5.37%
Volume: 26.39M
Nov. 25, 2020 7:00p
P/E Ratio
96.70
Dividend Yield
N/A
Market Cap
$224.61 billion
Rev. per Employee
$379,486
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 213.87
+0.01 +0.0047%
Volume: 21.01M
Nov. 25, 2020 4:00p
P/E Ratio
34.50
Dividend Yield
1.05%
Market Cap
$1616.96 billion
Rev. per Employee
$877,393
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/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 29,795.00
-33.00 -0.11%
Volume: 28,197
Nov. 26, 2020 3:09p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
29,872.47
-173.77 -0.58%
Volume: 324.19M
Nov. 25, 2020 5:33p
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