Software stocks like Workday and CrowdStrike are the biggest movers in after-hours trading.
- Welcome back. Time to take a look at some of the after-hours movers, and we've got some earnings today specifically centered in the software space. Workday, by the way, they-- it is up about 4% in after-hours trading. And they have authorized new-- a higher buyback announcement. There we go.
This is a one-year chart. You can still see it's mired in the lower end of its range. Also, they boosted their fiscal year '23 adjusted operating margin forecast to 19.2%. That is accounting for the 3% or 4% rise you're seeing right now. But really, it has been a difficult, although sideways, price-- six months of price action for the stock.
Also taking a look at CrowdStrike. I think this is going to get a lot of attention tomorrow because it is down 18%. This is another stock. The decline isn't quite as steep and as steady as the other one, as it was over here. It has not been consolidating over the last six months. In fact, it has been trending down since the middle of October, so in a worse technical position.
But we were talking about some of the macro headwinds that the CEO was calling out on the call. A little bit of weakness in the fourth quarter forecast, but overall, I'm going to take away some of these quotes here so we can look at this on a year-to-date basis and look at the carnage in the space. Only Activision Blizzard, which is going through a merger.
IBM and VMware are a year-to-date to date positive and in the green. To the downside, well, we see a VRM that is down 88%. Twilio down 82%. And Ring software, that is down 81%. So a lot, lot more for the software space to go from here, Dave.
Indeed, all right. Thank you, Jared.