CRWD - Okta Zoom Video shares lead WFH software decliners after JPMorgan downgrade on post-vaccine underperformance
Work from home-related software stocks are seeing red after a wave of downgrades from Overweight to Neutral at JPMorgan , which cautions that the high multiple stocks could underperform during the economic expansion that will follow successful coronavirus vaccines.On the move: Avalara ([[AVLR]] -5.9%), Cloudflare ([[NET]] -9.2%), CrowdStrike ([[CRWD]] -6.2%), DocuSign ([[DOCU]] -5.6%), Okta ([[OKTA]] -7.7%), Veeva Systems ([[VEEV]] -4.1%), and Zoom Video ([[ZM]] -5.7%).Previously: Zoom stock falls after Q3 beats as analysts question valuation, post-pandemic growth potential (Dec. 01 2020)
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Okta, Zoom Video shares lead WFH software decliners after JPMorgan downgrade on post-vaccine underperformance