SaaS sector shows mixed signals: Cisco miss vs BofA upgrades
Cisco's SaaS miss triggers 7% stock drop despite $9.3B AI hardware orders, highlighting hardware-to-SaaS conversion risk. BofA raises targets on ServiceNow, Snowflake, Workday on AI monetization. Salesforce preview shows 48.5% upside potential with $1.6B VA contract and $25B buyback. SaaSmageddon survivors list highlights CRWD, PANW, SNOW, AXON, RBRK.
Sources (10)
Updated Aug 26, 2026