Cloud Computing Stocks Struggle Despite The Market Rally
This afternoon, most of the leading cloud computing stocks are struggling to trade higher. Salesforce.com Inc (NYSE:CRM) is considered to be one of the leading cloud computing stocks in the market. Today, CRM stock is trading lower by $1.28 to $145.72 a share. This leading cloud stock was trading as low as $143.20 around 1:30 pm EST. Since that afternoon low pivot ...
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This morning, all of the leading cloud computing stocks are trading higher despite a slightly weaker stock market. Leading cloud computing stocks such as VMWare Inc (NYSE:VMW), Salesforce.com Inc (NYSE:CRM), Riverbed Technology Inc (NASDAQ:RVBD), and Citrix Systems Inc (NASDAQ:CTXS) are all sharply higher at the start of the trading session.
All of the leading cloud computing stocks are surging higher this morning. The catalyst for the rally in the popular cloud computing stocks is due to the strong positive reaction to the F5 Networks Inc (NASDAQ:FFIV) earnings. This morning, FFIV stock is trading higher by $12.30 to 120.70 a share. This rally is helping to lift the entire sector.
Has It Stopped Raining On The Cloud Computing Stocks?
Many of the leading cloud computing stocks have come under some sharp selling pressure throughout the month of December. Cloud computing leaders such as Salesforce.com inc (NYSE:CRM) and VMWare Inc (NYSE:VMW) have been extremely weak. These stocks are holding up well today considering the major stock indexes are coming under some selling pressure this morning.