Image Credits: Yuichiro Chino / Getty Images
The market gave enterprise stocks a rough reception when they reported earnings this week.
It's hard to say what had the stock market in a tizzy, but it certainly wasn't the companies' straight revenue numbers.
The image is from TechCrunch.
There is a lot going on in the world right now, and the stock market has been on a rough ride so far this year. Maybe the negative vibes are spread by others.
The companies that reported positive results had mixed reactions on the market. Box and Splunk's stock was up around 6% this week. It was Wall Street's equivalent of screaming praise from the rooftops because of the stock market's historically negative response to Box results.
Snowflake's stock took a hit this week despite revenue growing 101%, something most would consider robust. At one point in after-hours trading, the stock was down as much as 30%. The company stock was down over 20% for the week.
Here are the five-day results for all six enterprise tech companies.
The image is from TechCrunch.
We decided to look into the different results and see if they warrant the reaction they got, or if Wall Street is just being cautious like the rest of us.
Box being our example today of a company that made it through earnings unscathed is somewhat strange, because the company spent a lot of time in a battle with some of its shareholders, so you might not expect it to be in Wall Street's good graces after such.