Software stocks were largely in the red this week, but we were encouraged to see Stamps.com (STMP) double the size of its current share repurchase authorization to $120 million in response to the market volatility of late.
Read MoreManagement changes typically warrant a fresh look at a stock given the potential benefits or fallout from a subsequent strategic or operational shift. In this regard, the past week provided a number of opportunities for investors to consider, although the market’s verdict is already in for 8x8 (EGHT).
Read MoreWith the unofficial end of summer upon us, the recent run of multiple expansion across the software sector has also seemingly ground to a halt. The week began with Zoom Video Communications (ZM) shattering Street expectations once again as the company continued to benefit from heightened demand amidst the COVID-19 pandemic.
Read MoreEarnings season for those with an April quarter-end concluded this week, providing an added glimpse into how business has trended since the onset of the COVID-19 crisis. The latter half of March and April proved challenging for most organizations as customers focused on their own operations.
Read MoreIt was another volatile week across markets with coronavirus concerns remaining elevated and prompting a number of high-profile conference cancellations, including SXSW and the 2020 HIMSS Global Health Conference & Exhibition.
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