Figma reported today and beat eps by 66% (0.10 vs 0.06) beat revenue by 6% (333.5mil vs 315) 46% yoy growth. Increased revenue guidance 4% (projecting 35% yoy growth) and increased operating income guidance by 25%. They’re currently up 13% after hours after getting crushed -46% ytd with all the scare around claude design and google stitch. Are we seeing the first signs that the scare was overblown and it’s no so easy to just copy cat someone else’s product?
Crowsdstrike is already back to ath after being down 37% a couple months ago.
Salesforce reports later this month down 34% ytd, expectations are low, the opportunity seems primed for a good beat to change the narrative around software.
Semis are crowded, is software back on the menu?
Poor person positions:
14 shares crwd, 21 shares crm, 1 crm $165C 1/21/28
Posted by killerdwag
26 Comments
CRM next week, callssss
Until MSFT wakes up from it’s slumber I say not yet
Im bag holding $NICE. Give me a chance
wait so the saaspocalypse jst disappeared or what
Been buying CRM yesterday and today so it’s doomed.
I mean a certain orange shaded someone put a f ton into now and adbe….
Just like me…
anyone who works in tech absolutely knows that Figma is here to stay. ain’t nobody using Claude Design except bootstrapped “startups” that make no $
People thinking that SaaS will die and everyone will use ChatGPT or Claude chatbots to vibe code stuff and use it is simply stupid at this point.
AI will help the SaaS companies increase their product velocity, provide smart integrations and that will directly result in increased seats. This is probably the most clearest path to revenue there has been since the invention of AI. $20 subscriptions for chatbots or Google One subscriptions using AI is the height of stupidity. Model makers will make money by selling to enterprises rather than consumers.
Pick and shovel stocks make money either way.
Am I the only one who remembers FIG shot up to 30 after last earning only to fall back sub 20 within the month?
FIG still trading like POS
ADSK going to pick me up any day now. I think. Maybe
It’s so annoying how beaten down it is when AI will have like no impact on their business and may even help it
Meanwhile I wouldn’t touch Adobe with a ten foot pole.
I’ve been in PANW for several days (up almost 10k), easing into NET and ZS… looks like NOW might break out… it had a good day today, so I will probably buy 1 NOW leap call tmrw at open… i think its time. Sold some GOOG to move into software.
My RDDT still getting manipulated down daily, so big money ain’t done yet
It’s a manufactured crisis to hide the fact that banks like Wells Fargo and private credit like Apollo, Blackrock, kkr, ares, and blue owl gave out shitty loans.
The premise never made any sense and they’re just using it to dump SaaS stocks so those companies have to refinance debt at a higher rate due to the collateral, their stocks, being lower.
It’ll end. Who knows when. AI is too expensive to fully replace without a shit fuck of data centers. FIG looks to be reversing and good time to get in
Not cancelled, called too early. I promise you it’s still coming. Hell im probably part of why it will. Built internal tool at our company that completely removed need for all Atlassian software and Figma. We’re targeting more tools next. Our small team will replace almost all SaaS we used with hyper focused versions that are easy to maintain and only have the exact features we need. Bloat free life has been wonderful for last two months as we’ve begun the migration to the new internal stack.
Path, The pendulum always shifts. Software on semi off?
$Now is down 50% this year. It probably has a bit of room to move back up
Unfortunately we want software to fail because otherwise it means AI capex isn’t going to experience exponential growth and use enough to justify valuations.
If AI can’t replace expensive annoying nickel and diming software licenses paid in perpetuity like an eternal tollbooth of business what the hell is AI doing?
Trump bought over $1M in servicenow stock in feb
Money is going to rotate out of semis back into SaaS once people realize that AI actually benefits existing SaaS companies with a solid moat and decades of domain level expertise.
RDDT crushed it’s earnings, spiked for about a day before falling back to pre-earnings levels (ish).
I’m expecting something similar for Figma, despite how very different they are. All the money and hype is circling around semiconductors, and I imagine shorters know this
My IGV calls sure hope so
Yes this saas killing spree is highly overdone. You may not pay for saas but you’ll ask AI to do the same thing and AI will pay for saas. Except now you can deliver value with a couple AI deals and you don’t even have to spend on user acquisition because everyone uses some AI.
The market seeing this as anything other than bullish is a great entry opportunity.
Trump also bought NOW, WDAY, ADBE…
95% of SaaS will go away. You have to be extremely selective in the space. Figma I think might be one of them.