(Bloomberg) — An ugly two months for software stocks is getting worse, and bullish investors are looking to earnings reports this week from ServiceNow Inc. and Microsoft Corp. to stem the tide.Zoom Video Communications Inc. and ServiceNow fell more than 5% on Tuesday, each extending losing streaks to a fifth consecutive day. The group has been under renewed pressure since last week, despite an earnings report from Atlassian Corp. that was praised by analysts. ServiceNow reports Wednesday afternoon, followed by Microsoft Corp. on Thursday.“We all know there’s some frothiness in some of these specialty software as a service companies,” said …read more
Source:: Yahoo Finance
