Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why EverCommerce Stock Is Plummeting Today

TheMotleyFool

0 0

Why EverCommerce Stock Is Plummeting Today: https://g.foolcdn.com/editorial/images/841787/gettyimages-1449174792.jpg

EverCommerce (NASDAQ: EVCM) stock is getting crushed in Friday's trading. The software-as-a-service (SaaS) specialist's share price was down 19.9% as of 12:45 p.m. ET. Meanwhile, the S 500 was down 1.1%, and the Nasdaq Composite had pulled back by 1.7%.

EverCommerce published its third-quarter results after yesterday's market close, posting earnings that were in line with Wall Street's target and sales that fell short of expectations. With today's valuation contraction, the stock is now down roughly 16% year to date.

Image source: Getty Images.

Source Fool.com

Like: 0

EVCM

Share