Snowflake and Workday Lead Enterprise Software Rally as Fintech Names Sink
As seen on the 24/7 Wall St. homepage on July 29, 2026.
Enterprise software stocks surged as Snowflake and Workday led gainers, while fintech and consumer tech names collapsed on earnings misses and guidance cuts.
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Snowflake (SNOW) was the session's standout gainer among enterprise software names, closing at $289.12 after rising nearly 7%. Workday (WDAY) followed close behind with a 5.4% advance to $168.28, and the momentum carried through the broader cloud software space with Samsara, GitLab, and DocuSign each adding between 4.6% and 4.75% on the day.
The picture was far grimmer on the losing side, where earnings misses and guidance cuts hit fintech and consumer tech stocks hard. Lemonade (LMND) was the worst performer in the session, tumbling 22.3% to close at $48.26. Fiverr International (FVRR) wasn't far behind, dropping 20.2% to $9.25, while Hims & Hers (HIMS) shed 13.4% to $25.38.
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Cipher Mining (CIFR) also ended sharply lower, falling 11.3% to $18.11, adding a crypto-infrastructure name to an otherwise software-and-fintech sell-off. The divergence between the enterprise software gainers and the fintech and consumer tech losers was the defining story of the July 29 close, underscoring how selectively the market is rewarding and punishing companies around earnings season.