The WisdomTree cloud computing exchange-traded fund, a basket of cloud software names, has fallen 22% over the past month, while the S&P 500 is flat on that stretch. This has pulled them away from high-growth, high-multiple stocks and into sectors that are generally viewed as more resistant to inflationary pressures and rate hikes. However, concerns about inflation and interest rates have left investors putting 2021 behind and more focused on the year ahead. In the fourth quarter, Adobe said revenue climbed 20% to $4.11 billion, which beat estimates, leading to 21% growth in the company’s digital media segment. Shares were down 10.8 at 562.17, when shares. Shares opened down 8.2, falling nearly 12 to an intraday low of 556.15, but analysts at the company experienced a slight correction in the day, which began at 11 a.m. The firm has a buy rating on the stock and said the outlook likely reflects “the muted spending environment observed across the sector”. were on track for their worst day in 21 months on Thursday after issuing a weaker-than-expected outlook. ![]() “We believe shares will weaken today as concerns about a slowing spending environment and conservative guidance prove to be correct,” analysts at Atlantic Equities wrote in a note following Adobe’s fourth-quarter earnings report.
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