Barclays reveals software names that could be impacted by SVB

Barclays analyst Ryan MacWilliams thinks investor sentiment for U.S. software names with more significant technology and small business exposure could be more challenged near-term post the SVB Financial (SIVB) fallout. Smaller customers who may not have multiple commercial banking relationships could be more likely to pause near-term spending for certain software, or to ask for temporary discounts if impacted by SVB, the analyst tells investors in a research note. The firm says that while investors don’t anticipate long-term software headwinds, names such as HubSpot (HUBS), Freshworks (FRSH), Atlassian (TEAM), Zoom Video (ZM) and Twilio (TWLO) could be considered as more likely to be affected by "challenged sentiment" in the near-term.