Adobe, Cloudflare lead plunge in cloud stocks after JPMorgan issues wave of downgrades on valuation concerns

Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Adobe’s stock had its second-worst day of the year on Tuesday, and shares of other cloud software companies like Cloudflare and Zscaler plunged after JPMorgan analysts issued a series of downgrades, citing high valuations. In a 2022 outlook […]

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