Nasdaq’s selling pressure is showing no signs of easing. At times, the technology index rallied occasionally, pressuring short-sellers. Overall, the direction is down. This creates one market where weak firms will keep falling. The other market involves fast-growing companies whose stock price is falling.
Adobe (ADBE) is a notable stock in a bear phase. The graphics software firm benefited from customers accelerating spending during the pandemic of 2020-2021. For Q1, Adobe expects revenue of $4.23 billion. For the year, the revenue of $17.9 billion will fall below the consensus of $18.16 billion.
Twilio (TWLO) posted revenue growing by 53.8% Y/Y to $842.7 million. It forecasted Q1 revenue of $855 million to $865 million. Demand for cloud communications is growing.
Zendesk (ZEN) posted revenue up by 32.4% Y/Y to $375.3 million. It set Q1/2022 revenue in the range of $381 - $387 million. FY 2022 revenue will be in the range of $1.675 - $1.705 billion. The firm expects to lose up to $221 million (GAAP measured).
Cloudflare (NET) posted a break-even quarter for Q4/2021. Revenue rose by 53.8% Y/Y to $193.6 million. For 2022, the CDN expects revenue of up to $931 million. Non-GAAP operating income of up to $14 million is light. The firm said it will invest in its infrastructure this year to accelerate long-term growth.
