{"id":516847,"date":"2022-11-27T17:00:00","date_gmt":"2022-11-27T14:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/earnings-watch-cloud-software-is-suffering-a-cold-november-rain-can-snowflake-and-salesforce-turn-it-around\/"},"modified":"2022-11-27T17:00:00","modified_gmt":"2022-11-27T14:00:00","slug":"earnings-watch-cloud-software-is-suffering-a-cold-november-rain-can-snowflake-and-salesforce-turn-it-around","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/earnings-watch-cloud-software-is-suffering-a-cold-november-rain-can-snowflake-and-salesforce-turn-it-around\/","title":{"rendered":"#Earnings Watch: Cloud software is suffering a cold November rain. Can Snowflake and Salesforce turn it around?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40ee9b5bae1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40ee9b5bae1\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/earnings-watch-cloud-software-is-suffering-a-cold-november-rain-can-snowflake-and-salesforce-turn-it-around\/#%E2%80%9CEarnings_Watch_Cloud_software_is_suffering_a_cold_November_rain_Can_Snowflake_and_Salesforce_turn_it_around%E2%80%9D\" >&#8220;Earnings Watch: Cloud software is suffering a cold November rain. Can Snowflake and Salesforce turn it around?&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/earnings-watch-cloud-software-is-suffering-a-cold-november-rain-can-snowflake-and-salesforce-turn-it-around\/#Earnings_Watch_After_a_boom_during_the_pandemic_concerns_are_mounting_about_business_software_spending_spread_ahead_of_a_week_of_earnings_results\" >Earnings Watch: After a boom during  the pandemic, concerns are mounting about business software spending spread ahead of a week of earnings results<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/earnings-watch-cloud-software-is-suffering-a-cold-november-rain-can-snowflake-and-salesforce-turn-it-around\/#This_week_in_earnings\" >This week in earnings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/earnings-watch-cloud-software-is-suffering-a-cold-november-rain-can-snowflake-and-salesforce-turn-it-around\/#The_numbers_and_calls_to_watch\" >The numbers and calls to watch<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/earnings-watch-cloud-software-is-suffering-a-cold-november-rain-can-snowflake-and-salesforce-turn-it-around\/#Wallace_Witkowski\" >Wallace Witkowski<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/earnings-watch-cloud-software-is-suffering-a-cold-november-rain-can-snowflake-and-salesforce-turn-it-around\/#Jeremy_C_Owens\" >Jeremy C. Owens<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CEarnings_Watch_Cloud_software_is_suffering_a_cold_November_rain_Can_Snowflake_and_Salesforce_turn_it_around%E2%80%9D\"><\/span>&#8220;Earnings Watch: Cloud software is suffering a cold November rain. Can Snowflake and Salesforce turn it around?&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Earnings_Watch_After_a_boom_during_the_pandemic_concerns_are_mounting_about_business_software_spending_spread_ahead_of_a_week_of_earnings_results\"><\/span>\n  Earnings Watch: After a boom during  the pandemic, concerns are mounting about business software spending spread ahead of a week of earnings results<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap crawler\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001423854\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001423854\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       The week after Thanksgiving could determine if cloud software is still too fat or if there are some tasty leftovers for Wall Street.<\/p>\n<p> It has been a rough month for cloud-software stocks, which experienced their worst week on record to kick off November and have seen cold rain continue to fall amid a perceived slowdown in business spending after a wave of cloud adoption in the first two years of the pandemic. Early results from Atlassian Inc.<br \/>\n        TEAM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207177221\/composite\" class=\"negative\">-0.30%<\/bg-quote><br \/>\n       and Twilio Inc.<br \/>\n        TWLO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205796518\/composite\" class=\"positive\">+0.41%<\/bg-quote><br \/>\n       started the downfall, and recent earnings have not revived the sector.  <\/p>\n<div class=\"paywall\">\n       Autodesk Inc.<br \/>\n        ADSK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209828392\/composite\" class=\"positive\">+1.82%<\/bg-quote><br \/>\n       signaled a slowdown in business spending on Tuesday as executives trimmed their billings outlook for the year, leading Mizuho \u2018s desk analyst Jordan Klein to conclude that the week after Thanksgiving could be the tipping point for software earnings. <\/p>\n<p>\u201cI do not want to be overly dramatic here,\u201d Klein wrote in a Wednesday note, \u201cbut after a very rough year,\u201d along with software lagging tech and the S&amp;P 500, \u201cthe software sector feels poised to potentially roll over hard if a slew of key results next week are dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointing.\u201d <\/p>\n<p>The slate of cloud-software companies reporting next week is long, and led by two of the biggest names in the sector: Cloud pioneer Salesforce.com Inc.<br \/>\n        CRM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200515854\/composite\" class=\"positive\">+0.73%<\/bg-quote><br \/>\n       and hot young name Snowflake Inc.<br \/>\n        SNOW,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/220991541\/composite\" class=\"negative\">-1.18%<\/bg-quote><span>,<\/span><br \/>\n       which both report on Wednesday. They will be preceded by Intuit Inc.<br \/>\n        INTU,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203136605\/composite\" class=\"negative\">-0.85%<\/bg-quote><span>,<\/span><br \/>\n       Workday Inc.<br \/>\n        WDAY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201157610\/composite\" class=\"negative\">-0.24%<\/bg-quote><span>,<\/span><br \/>\n       and CrowdStrike Holdings Inc.<br \/>\n        CRWD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/212513426\/composite\" class=\"negative\">-0.60%<\/bg-quote><br \/>\n       on Tuesday, and joined Wednesday by Okta Inc.<br \/>\n        OKTA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210420951\/composite\" class=\"negative\">-1.28%<\/bg-quote><span>,<\/span><br \/>\n       Splunk Inc.<br \/>\n        SPLK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203060494\/composite\" class=\"negative\">-0.06%<\/bg-quote><span>,<\/span><br \/>\n       Nutanix Inc.<br \/>\n        NTNX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207209171\/composite\" class=\"negative\">-0.17%<\/bg-quote><span>,<\/span><br \/>\n       Box Inc.<br \/>\n        BOX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208773138\/composite\" class=\"negative\">-0.14%<\/bg-quote><br \/>\n      and Yext Inc.<br \/>\n        YEXT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201169127\/composite\" class=\"negative\">-1.10%<\/bg-quote><br \/>\n       Cloud-security name Zscaler Inc.<br \/>\n        ZS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203585803\/composite\" class=\"negative\">-0.95%<\/bg-quote><br \/>\n       rounds out the week on Thursday along with Veeva Systems Inc.<br \/>\n        VEEV,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202850210\/composite\" class=\"negative\">-1.28%<\/bg-quote><br \/>\n      and UiPath Inc.<br \/>\n        PATH,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/226284328\/composite\" class=\"negative\">-0.56%<\/bg-quote>\n       <\/p>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      Ticker<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      Expected report date<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      FactSet EPS consensus<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      FactSet revenue consensus<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      INTU<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      Tue., Nov. 29<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      $1.19<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      $2.5 billion<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      WDAY<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      Tue., Nov. 29 <\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      84 cents<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      $1.59 billion<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      CRWD<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      Tue., Nov. 29 <\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      32 cents<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      $575.1 million<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      CRM<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      Wed., Nov. 30<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      $1.22<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      $7.83 billion<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      SPLK<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n       Wed., Nov. 30 <\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      25 cents<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      $847.5 million<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      OKTA<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n       Wed., Nov. 30 <\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      (loss) 24 cents<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      $465.4 million<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      SNOW<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      Wed., Nov. 30<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      4 cents<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      $539.4 million<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      ZS<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      Thurs., Dec. 1<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      26 cents<\/p>\n<\/td>\n<td align=\"CENTER\" valign=\"top\" colspan=\"1\">\n      $340.7 million<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Morgan Stanley analyst Keith Weiss said Salesforce looks best-positioned this earnings season among cloud companies in that execs are under the gun to show better-than-feared demand, margin protection and efforts to derisk 2023.<\/p>\n<p>\u201cWith companies <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly playing catch-up in regards to pushing the impacts of deteriorating macro conditions into 2H22 guidance, CY23 consensus estimates likely remain too high across many names, particularly given most 2023 guidance is still to come and customers\u2019 2023 IT budgets are biased to be revised lower,\u201d Weiss said in a note.<\/p>\n<p>Wood, however, notes that while his checks indicate demand for core products was \u201cconstructive,\u201d those for products from acquisitions like Tableau, Slack and Mulesoft indicate demand was \u201cweaker.\u201d <\/p>\n<p>Should next week turn sour, Klein sees Microsoft Corp.<br \/>\n        MSFT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207732364\/composite\" class=\"negative\">-0.04%<\/bg-quote><br \/>\n       and Oracle Corp.<br \/>\n        ORCL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202180826\/composite\" class=\"positive\">+0.19%<\/bg-quote><br \/>\n       as \u201cpotential defensives,\u201d as he believes more money may migrate from software names into chipmakers\u2019 stock, which would be an about face from his call from five months ago, speculating if investors were taking money out of chips and putting it into software. <\/p>\n<p>So far in November, while the S&amp;P 500 index<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"negative\">-0.03%<\/bg-quote><br \/>\n       has gained 4.4%, the tech-heavy Nasdaq Composite Index<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/225698164\/composite\" class=\"positive\">+1.42%<\/bg-quote><br \/>\n       has advanced 3.1%, and the iShares Expanded Tech-Software Sector ETF<br \/>\n        IGV,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201870252\/composite\" class=\"negative\">-0.23%<\/bg-quote><br \/>\n       is up 0.9%, the Global X Cloud Computing ETF<br \/>\n        CLOU,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211334933\/composite\" class=\"positive\">+0.43%<\/bg-quote><br \/>\n       is down 1.3%, the First Trust Cloud Computing ETF<br \/>\n        SKYY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205187458\/composite\" class=\"negative\">-0.29%<\/bg-quote><br \/>\n       is off 3.2%, and the WisdomTree Cloud Computing Fund<br \/>\n        WCLD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/214057201\/composite\" class=\"negative\">-0.44%<\/bg-quote><br \/>\n       is down 7.6%. <\/p>\n<h6><span class=\"ez-toc-section\" id=\"This_week_in_earnings\"><\/span>This week in earnings<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Salesforce is the only Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"positive\">+0.45%<\/bg-quote><br \/>\n       component set to report this week, but nine S&amp;P 500 companies are on the docket. In addition to Intuit on Tuesday, NetApp Inc.<br \/>\n        NTAP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209297588\/composite\" class=\"\"><\/bg-quote><br \/>\n       and Hewlett-Packard Enterprise Co.<br \/>\n        HPE,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201998588\/composite\" class=\"positive\">+0.19%<\/bg-quote><br \/>\n       are scheduled to report; Synopsys Inc.<br \/>\n        SNPS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208349984\/composite\" class=\"negative\">-0.49%<\/bg-quote><br \/>\n      and Hormel Foods Corp.<br \/>\n        HRL,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209170265\/composite\" class=\"positive\">+0.53%<\/bg-quote><br \/>\n       will join Salesforce on Wednesday; and Kroger Co.<br \/>\n        KR,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206215053\/composite\" class=\"positive\">+2.51%<\/bg-quote><span>,<\/span><br \/>\n       Dollar General Corp.<br \/>\n        DG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200691429\/composite\" class=\"positive\">+0.35%<\/bg-quote><br \/>\n      and Ulta Beauty Inc.<br \/>\n        ULTA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210513442\/composite\" class=\"positive\">+0.22%<\/bg-quote><br \/>\n      are scheduled for Thursday.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"The_numbers_and_calls_to_watch\"><\/span>The numbers and calls to watch<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p><strong>The Black Friday wrapups: <\/strong>Early reports suggested not much growth from Black Friday sales a year ago, despite inflation pushing prices higher overall. Some retail companies will get the opportunity to discuss exactly how their early holiday sales went this week, with Ulta, Kroger and Dollar General being joined this week by the likes of Victoria\u2019s Secret &amp; Co.<br \/>\n        VSCO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/228075478\/composite\" class=\"negative\">-0.13%<\/bg-quote><span>,<\/span><br \/>\n       Five Below Inc.<br \/>\n        FIVE,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202743941\/composite\" class=\"positive\">+0.22%<\/bg-quote><span>,<\/span><br \/>\n       Big Lots Inc.<br \/>\n        BIG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202923245\/composite\" class=\"negative\">-3.94%<\/bg-quote><br \/>\n       and Petco Health and Wellness Co.<br \/>\n        WOOF,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206455386\/composite\" class=\"negative\">-0.20%<\/bg-quote><br \/>\n       In addition, Costco Wholesale Corp.<br \/>\n        COST,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201191698\/composite\" class=\"negative\">-0.16%<\/bg-quote><br \/>\n       is expected to provide November sales data on Wednesday, ahead of full quarterly earnings a little more than a week later. <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Wallace Witkowski\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/wallace-witkowski\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/wmwitkowski\",\"text\":\"@wmwitkowski\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:wwitkowski@marketwatch.com\",\"text\":\"wwitkowski@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Wallace_Witkowski\"><\/span>Wallace Witkowski<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"202_MW\" author-name=\"Wallace Witkowski and Jeremy C. Owens\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fcloud-software-is-suffering-a-cold-november-rain-can-snowflake-and-salesforce-turn-it-around-11669494558%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/div>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><\/h4>\n<p> and\n          <\/p><\/div>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jeremy C. Owens\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/jeremy-c-owens\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/jowens510\",\"text\":\"@jowens510\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:jowens@marketwatch.com\",\"text\":\"jowens@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jeremy_C_Owens\"><\/span>Jeremy C. Owens<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"85_MW\" author-name=\"Wallace Witkowski and Jeremy C. Owens\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fcloud-software-is-suffering-a-cold-november-rain-can-snowflake-and-salesforce-turn-it-around-11669494558%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C06575-04D4-B545-715B-9EE6CF2FFBCB%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Earnings Watch: Cloud software is suffering a cold November rain. Can Snowflake and Salesforce turn it around?&#8221; Earnings Watch: After a boom during the pandemic, concerns are mounting about business software spending spread ahead of a week of earnings results The week after Thanksgiving could determine if cloud software is still too fat or if&#8230;<\/p>\n","protected":false},"author":1,"featured_media":516848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-673044\/horizontal","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-516847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/516847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=516847"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/516847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/516848"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=516847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=516847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=516847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}