Workiva is trading 4.8% down at $51.94 in pre-market, pressured by a broad software-sector selloff following IBM’s warning regarding a shift in enterprise spending toward AI infrastructure.
- The move gives back a portion of yesterday’s sharp gains as the stock continues a multi-week downtrend toward recent 52-week lows.
- Market sentiment remains weighed down by the company's recent guidance and a general rotation away from traditional software providers.