Tech Giant's Shares Slide After 'Software-Mageddon'

Tech giant's shares slide after 'software-mageddon'

Shares in Atlassian, Australia's biggest tech company, have fallen to the lowest level since early 2019 amid a huge rout in the software-as-a-service sector.

'Software-mageddon' leaves investors bargain-hunting but wary

S&P 500 software index down 13% in past week

CrowdStrike stock sinks on insider sale plan as ‘software-mageddon’ rout bites CRWD

New York, Feb 5, 2026, 7:33 p.m. EST — After-hours CrowdStrike Holdings’ stock tumbled late Thursday, falling another 9.2% to $377.16 in after-hours trading. This followed a steep decline during the regular session as investors pulled back from software stocks. This shift is significant as the selloff has turned broad, hitting software and cybersecurity—sectors that had stayed resilient thanks to steady spending and recurring revenue. U.S. softw…