The sell-off in SaaS is sparing Autodesk (ADSK). ADSK stock fell from the $270s to the $210s. After posting quarterly results, the stock closed at over $245 last week.
Autodesk is thriving amid the artificial intelligence boom. The CFO is forecasting the business to enjoy strong momentum this year. In FY 2027, the firm priced in the risk of near-term disruptions related to the sales team restructuring.
Elastic (ESTC), a data analytics software firm, lost around $10 from its stock price after posting quarterly results. For Q4/2026, Elastic forecasts strong sales-led subscription revenue. It also expects 2026 revenue to grow by 17% to 20%.
CoreWeave (CRWV) dropped by around one-quarter in the last month. Shares dropped by 18% to close below $80 after the mixed fourth-quarter report. Analysts are concerned that, despite a good quarter, aligning capital expenditures with mega contracts has risks.
CEO Michael Intrator said that competition for deals is intense. Still, CoreWeave Cloud offers the most cutting-edge computing infrastructure solution.
Nutanix (NTNX) shares lost momentum after posting fiscal year Q2 results. Annual recurring revenue grew by 16% Y/Y. However, supply chain challenges are apparent. The firm faced memory chip and CPU shortages. That resulted in higher prices along with lengthening lead times for servers.
Nutanix should benefit from a new AMD partnership. If it times its product releases well, expect the company’s performance to rebound this year.
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