Palantir leads pack as enterprise software providers edge higher
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Palantir (NYSE:PLTR) led the pack as a host of enterprise software providers edged higher during Thursday trading.
Palantir was up 9% by noon, aided in part by today’s announcement the Denver-based software company would team up Microsoft (MSFT) to provide secure cloud, AI and analytics capabilities to the U.S. defense and intelligence community.
Palantir has been on a tear since last week’s second quarter financial results. Its share price has jumped 25% over the past five trading days.
Microsoft inched up 1%, but the stock has dropped 13% over the past month.
ServiceNow (NOW), Salesforce (CRM) and Oracle (ORCL) all up-ticked 2%. Synopsys (NASDAQ:SNPS) was up 3.5% while Adobe (ADBE) added 2.5%. Workday (WDAY) crept up 1%.
Enterprise software security firms also experienced an increase in share price.
Palo Alto Networks (NASDAQ:PANW) and SentinelOne (NYSE:S) were up 3%. Even CrowdStrike (NASDAQ:CRWD) continued its mild rebound and was 2.5% higher by noon. It has increased 10% over the past five trading days, but is still down nearly 25% following the July 19 outage.