What Happened?
A number of stocks jumped in the afternoon session after comments from President Trump regarding talks with Iran sparked a broad market rally.
The positive sentiment spread across Wall Street, creating a widespread relief rally with nine out of every ten stocks in the S&P 500 rising. The Dow Jones Industrial Average and the Nasdaq composite both posted gains of around 2%. This risk-on environment, fueled by the perception of reduced geopolitical conflict, often benefits growth-oriented sectors like technology as investors move capital into assets perceived to have higher return potential.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Marketing Software company Upland Software (NASDAQ: UPLD) jumped 20.4%. Is now the time to buy Upland Software? Access our full analysis report here, it’s free.
- Lending Software company Upstart (NASDAQ: UPST) jumped 7.6%. Is now the time to buy Upstart? Access our full analysis report here, it’s free.
- Video Conferencing company RingCentral (NYSE: RNG) jumped 3.3%. Is now the time to buy RingCentral? Access our full analysis report here, it’s free.
- Automation Software company SoundHound AI (NASDAQ: SOUN) jumped 3.4%. Is now the time to buy SoundHound AI? Access our full analysis report here, it’s free.
- Data Storage company MongoDB (NASDAQ: MDB) jumped 6%. Is now the time to buy MongoDB? Access our full analysis report here, it’s free.
Zooming In On Upland Software (UPLD)
Upland Software’s shares are extremely volatile and have had 46 moves greater than 5% over the last year. But moves this big are rare even for Upland Software and indicate this news significantly impacted the market’s perception of the business.
The previous big move we wrote about was 20 days ago when the stock dropped 9.6% on the news that the company reported disappointing fourth-quarter revenue and issued weak forward guidance.
While the company's adjusted earnings per share of $0.24 beat estimates, investors focused on the significant 27.5% year-on-year drop in sales. Upland's total revenue for the quarter was $49.31 million, falling short of analyst expectations. Looking ahead, the financial outlook also pointed to further weakness. For the first quarter of 2026, Upland guided for a revenue decline of about 23.8%, which was also below consensus estimates. Furthermore, sell-side analysts expect revenue to decline by 5.8% over the next 12 months. This negative sales trend appeared to outweigh the positive earnings news for investors, sending shares lower.
Upland Software is down 56.1% since the beginning of the year, and at $0.66 per share, it is trading 80.3% below its 52-week high of $3.34 from March 2025. Investors who bought $1,000 worth of Upland Software’s shares 5 years ago would now be looking at only $13.75.
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