SaaSpocalypse canceled?

AI Summary

Summary

Post analyzes Figma’s strong earnings beat and raised guidance as evidence that the software selloff (SaaSpocalypse) was overblown, comparing it to Crowdstrike’s recovery.
Author argues that low expectations for Salesforce create a similar opportunity for a beat to change the narrative, and that software is now a better trade than crowded semiconductors.
The author holds positions in CRWD, CRM, and a long-dated CRM call, signaling a bullish thesis on select SaaS names.
Quality assessment: This is a mix of anecdotal observation and personal conviction, not deep fundamental DD, but it uses real earnings data and market context. Moderate quality retail sentiment.

Score 62

Comments 41

Upvote % 91%

▶ Full Post Text

Ideas

u/killerdwag Reddit r/wallstreetbets

Salesforce (CRM) is down 34% YTD with low expectations, while Figma’s strong beat and raised guidance suggest software demand is resilient. Low expectations create a high probability of an earnings beat, which could shift the negative narrative and drive a re-rating similar to Crowdstrike’s recovery. Long CRM into its late-May earnings report as a contrarian play on software sentiment turn.

u/killerdwag Reddit r/wallstreetbets

Crowdstrike (CRWD) recovered from a 37% drawdown earlier this year and is now back to all-time highs, proving the software sector can rebound. If software narrative is turning, CRWD’s recent strength signals momentum that could continue as investors rotate back into SaaS. Long CRWD as a momentum play riding the sector recovery, supported by author’s existing position.

Summary

▶ Full Post Text

Ideas

More from Reddit — r/wallstreetbets