2 Software Stocks with Solid Fundamentals and 1 We Ignore

Software is rapidly reducing operating expenses for businesses. In the past, the undeniable tailwinds fueling SaaS companies led to lofty valuation multiples that made it easier to raise capital. But this was a double-edged sword as the high prices exposed them to big drawdowns, and unfortunately, the industry has tumbled by 24.1% over the last six months. This performance was significantly worse than the S&P 500’s 2.8% loss.