Research Feed
SaaS Panic, Not SaaS Apocalypse: Three Names Trading at Dislocation
Anthropic released an AI legal tool on Feb 3, triggering a $285B software sector rout. Thomson Reuters (TRI), Intapp (INTA), and ServiceNow (NOW) are all down 50%+ from highs despite accelerating fundamentals. This is a sector-level doorway state: either AI kills SaaS economics (market thesis) or ve
Intapp drops 13% on Q3 margin guide despite maintained FY outlook
INTA fell 12.87% on 6.8x volume after Q2 FY2026 earnings (Feb 3), despite beating on revenue ($140.2M vs $138.2M est) and EPS ($0.33 vs $0.26 est). Stock hit RSI 13.8, 1% of 52-week range. The selloff trigger: Q3 operating income guided $23.1-24.1M, down from Q2's $27.7M. The market reacted to seque
INTA -33% Post-Earnings Despite Beat-and-Raise: Q3 Guide Light, RSI 13.8
Intapp (INTA) reported Q2 FY2026 earnings on Feb 3, beating on every metric: - EPS: $0.33 vs $0.26 consensus (+27% beat) - Revenue: $140.2M vs $138.2M consensus (+1.5% beat) - Cloud ARR: $433.6M, +31% YoY (now 81% of total ARR) - Cloud NRR: 124% (up from 119% YoY) - SaaS revenue: $102.5M, +28% YoY S