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SWDAF - Software AG: Q3 Due On October 22 - Wait For A Further Pullback
Software AG - Registered Shares
Software AG (OTC: SWDAF) [ETR: SOW] is scheduled to release its full Q3 financial figures on October 22. However, it is known for releasing preliminary figures ahead of schedule. So far, the stock performance was quite disappointing, to say the least, dropping by 18% YTD compared to its benchmarks MDAX and TecDAX climbing by 19% and 15%, respectively. We expect to see Q3 further burden stock performance and won't be surprised if it moves towards €20 - a drop of up to 20%.