U.S. markets close in 53 minutes

Baird lowers estimates for software, SAAS stocks, says ServiceNow is most at risk

On Thursday, Baird analysts lowered their estimates for software and SAAS stocks to reflect concerns about the impact of COVID-19. While peers Salesforce and Adobe will likely be impacted by slower large-deal activity with enterprises, the firm lays out the case why ServiceNow is most at risk.