A month after the initial rollout of measures to reduce the spread of coronavirus across the U.S., the economic toll continues to climb with another 5.2 million unemployment claims filed. Even so, the software industry has fared reasonably well considering the circumstances with the group exhibiting gains on average for the second consecutive week.
Read MoreCTG, Inc. (CTG) reports Q1 ’20 results on Tuesday, April 21. As discussed in our recent note, “Reducing Estimates and Price Target to Reflect Potential Impact of COVID-19,” we expect measures enacted across the globe to limit the spread of coronavirus to weigh on CTG’s IT Staffing business.
Read MoreNetScout Systems (NTCT) pre-announced FY ’20 results reflecting revenue slightly below management’s prior guidance but non-GAAP EPS near the high-end of prior expectations.
Read MoreHappy Easter! Amid signs that shelter-in-place orders may be flattening the curve of coronavirus infections, stocks rebounded this past week with the software space up double-digits in percentage terms on average.
Read MoreInitial unemployment claims in the U.S. doubled from the week prior to a whopping 6.6 million as COVID-19 continues to wreak havoc on the economy. The heightened uncertainty prompted a number of responses from several software companies this week, many of whom have now withdrawn guidance for the year.
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