How are software stocks doing?
Enterprise software and cloud companies. Here is how they have done as a group against the S&P 500, and which of them are leading and lagging.
Updated Oct 9, 2026
In line
Software stocks are up 13% over the past year as an equal-weighted group, against +16% for the S&P 500. 20 of 50 beat the index. RingCentral (RNG) leads at +193% and Intuit (INTU) trails at −54%. Over the past month the group is +10%, against +3% for the S&P.
The past year
The group against the S&P 500, each set to $100 a year ago. Select a stock in the table to chart it against the group.
All 50 software stocks
Sorted by the past year’s return. Select a row to chart the stock against the group, or its ticker to open its page. Select a column to sort.
| Stock | P3 | 1M | 3M | YTD | 1Y | Type |
|---|---|---|---|---|---|---|
| RNG RingCentral | 88Strong | +14.8% | +89% | +174% | +193% | Bellwether |
| TWLO Twilio | 92Strong | +25.2% | +33% | +104% | +154% | Bellwether |
| OKTA Okta | 89Strong | +35.7% | +66% | +168% | +151% | Bellwether |
| FTNT Fortinet | 70Strong | +22.6% | +21% | +145% | +125% | Bellwether |
| CRWD CrowdStrike | 76Strong | +31.7% | +46% | +135% | +116% | Faith Trade |
| PANW Palo Alto Networks | 88Strong | +23.7% | +27% | +127% | +92% | Bellwether |
| DDOG Datadog | 85Strong | +32.3% | +13% | +116% | +79% | Bellwether |
| NET Cloudflare | 89Strong | +16.0% | +34% | +83% | +64% | Bellwether |
| SNOW Snowflake | 89Strong | +11.9% | +37% | +68% | +47% | Bellwether |
| S SentinelOne | 84Strong | +32.6% | +42% | +75% | +46% | Bellwether |
| FFIV F5 | 44Middling | +20.4% | +14% | +88% | +40% | Speculative Pop |
| AKAM Akamai Technologies | 54Middling | −0.2% | −15% | +23% | +39% | Faith Trade |
| TEAM Atlassian | 66Middling | +15.2% | +115% | +28% | +38% | Faith Trade |
| TDC Teradata | 50Middling | +11.8% | −10% | 0% | +38% | Faith Trade |
| DT Dynatrace | 72Strong | +23.5% | +42% | +47% | +31% | Bellwether |
| ZM Zoom Communications | 70Strong | +2.4% | +6% | +13% | +22% | Distribution Top |
| ESTC Elastic NV | 78Strong | +17.7% | +57% | +30% | +18% | Bellwether |
| MDB MongoDB | 84Strong | +3.2% | +14% | −8% | +18% | Bellwether |
| GTLB GitLab | 85Strong | +16.5% | +65% | +47% | +16% | Bellwether |
| DBX Dropbox | 49Middling | −2.0% | +16% | +24% | +16% | Speculative Pop |
| PAYC Paycom | 54Middling | +7.5% | +59% | +46% | +13% | Faith Trade |
| NTNX Nutanix | 55Middling | +14.1% | +35% | +44% | +5% | Hot Hand |
| MSFT Microsoft | 18Weak | +8.7% | +37% | +11% | +2% | Turning Up |
| PCTY Paylocity | 49Middling | +7.8% | +24% | +1% | 0% | Turning Up |
| DOCU DocuSign | 57Middling | +8.0% | +43% | +4% | −1% | Coiled Spring |
| VEEV Veeva Systems | 52Middling | +13.5% | +50% | +33% | −2% | Coiled Spring |
| MANH Manhattan Associates | 45Middling | −0.1% | +29% | +18% | −2% | Bottom Fished |
| PTC PTC | 45Middling | +51.1% | +55% | +12% | −4% | Turning Up |
| CRM Salesforce | 33Weak | −5.7% | +34% | −14% | −5% | Turning Up |
| ADP Automatic Data Processing | 22Weak | +1.3% | +8% | +5% | −7% | Broken Year |
| APPF AppFolio | 51Middling | −1.7% | +12% | −13% | −14% | Coiled Spring |
| BILL Bill.com | 46Middling | −5.9% | +5% | −18% | −14% | Coiled Spring |
| GEN Gen Digital | 49Middling | −22.4% | −11% | −14% | −15% | Wallflower |
| PAYX Paychex | 35Middling | −9.7% | −6% | −7% | −18% | Turning Up |
| WDAY Workday | 51Middling | +0.8% | +29% | −13% | −22% | Coiled Spring |
| NOW ServiceNow | 44Middling | +7.4% | +27% | −8% | −23% | Coiled Spring |
| ADSK Autodesk | 18Weak | +11.2% | +11% | −20% | −24% | Turning Up |
| NCNO nCino | 45Middling | −7.9% | +13% | −23% | −24% | Wallflower |
| PCOR Procore | 48Middling | +5.6% | +28% | −23% | −24% | Coiled Spring |
| CCC CCC Intelligent Solutions | 34Middling | +2.5% | +13% | −12% | −25% | Coiled Spring |
| ZS Zscaler | 39Middling | +43.0% | +65% | +4% | −26% | Coiled Spring |
| GWRE Guidewire Software | 44Middling | +19.4% | +19% | −17% | −27% | Coiled Spring |
| ROP Roper Technologies | 13Weak | −6.3% | +1% | −18% | −30% | Broken Year |
| BSY Bentley Systems | 28Weak | +12.8% | +10% | −8% | −31% | Bottom Fished |
| ADBE Adobe | 18Weak | −2.6% | +5% | −31% | −31% | Falling Knife |
| TYL Tyler Technologies | 29Weak | −1.8% | +5% | −27% | −36% | Wallflower |
| PEGA Pegasystems | 23Weak | −0.2% | +12% | −40% | −37% | Sleepy Staple |
| HUBS HubSpot | 29Weak | +2.1% | +5% | −43% | −50% | Coiled Spring |
| ORCL Oracle | 15Weak | −7.6% | +7% | −27% | −51% | Bottom Fished |
| INTU Intuit | 25Weak | −3.2% | +4% | −54% | −54% | Coiled Spring |
How to read this page
How it’s measured. A group of large US stocks whose prices have moved together over the past five years once the market’s own moves are taken out: the same groups as Stox’s co-movement clusters, leaving out members whose business doesn’t fit the name. The group is equal-weighted, so each company counts the same whatever its size, and returns are share-price changes from daily closes.
Sources. Daily prices from Financial Modeling Prep; scores and co-movement groups from Stox.
An equal-weighted group can read quite differently from a sector fund, which gives the biggest companies the most weight.
P3 is Stox’s combined score of market beat, staying power and business growth, from 0 to 100. Type is the stock’s Stox Atlas type. Both describe the past year, not what comes next.
Groups are built from how stocks trade rather than from industry labels, so a company can sit with stocks from another sector that move like it.
This page is information, not investment advice. About our data and methods ›