Today: 6 July 2026

SAP stock dives 12% after cloud backlog jitters; €10 billion buyback doesn’t steady the shares

SAP stock dives 12% after cloud backlog jitters; €10 billion buyback doesn’t steady the shares

FRANKFURT, January 29, 2026, 10:57 CET — Regular session Shares in SAP fell about 12% to around 172 euros in early Frankfurt trade on Thursday, putting Europe’s largest software maker on track for its steepest one-day drop since October 2020. The selloff followed results that met revenue forecasts but missed expectations on cloud backlog and a 2026 cloud revenue outlook, and has wiped roughly $150 billion off the stock’s value from its 2025 peak; “SAP needed an all-round acceleration to fight the trough sector sentiment, and with puts and takes in the update we see shares underperforming,” said Citi analyst Balajee Tirupati.
29 January 2026
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Meta stock price jumps after earnings — but $135 billion AI capex is the new battleground

Meta stock price jumps after earnings — but $135 billion AI capex is the new battleground

New York, Jan 29, 2026, 04:46 — Premarket Shares of Meta Platforms jumped nearly 7% in early Frankfurt trading Thursday, following the company’s forecast of first-quarter revenue that outpaced Wall Street estimates. The Facebook and Instagram parent also boosted its 2026 capital spending plan to accelerate investment in artificial intelligence.
29 January 2026
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SAP earnings: shares sink on cloud backlog doubts despite €10 billion buyback

SAP earnings: shares sink on cloud backlog doubts despite €10 billion buyback

SAP shares were poised for their biggest one-day drop since October 2020 on Thursday, plunging 11% by 0852 GMT. Investors zeroed in on a cloud backlog update that missed expectations. Citi analyst Balajee Tirupati said SAP “needed an all-round acceleration” and flagged the update’s “puts and takes,” warning the stock might trail. Walldorf-based SAP reported fourth-quarter revenue of 9.7 billion euros, matching the company’s consensus estimates. Cloud revenue reached 5.6 billion euros, slightly above the 5.5 billion euros forecast. The company also announced a fresh two-year share buyback program valued at up to 10 billion euros. Looking ahead, SAP projects cloud revenue between 25.8 billion and 26.2 billion euros in 2026, signaling growth of 23% to 25%.
29 January 2026
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Stock Market Today

  • Beonic Seeks ASX Listing for 9.16M New Shares
    July 6, 2026, 12:04 AM EDT. Beonic Ltd has filed with the Australian Securities Exchange to quote 9,163,368 new fully paid ordinary shares. The step comes after a recent update from SkyFii Limited (ASX:BEO). Beonic is issuing the shares as it looks to grow its capital. The market will be watching how the ASX process plays out for the stock.
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