Feed / Theme
Market theme · active nowMarket checked 16:55 ET

Software - Application · CLBT

12 of 14 durable members are active; the relationship is active now.

Live stateActiveNewly observed relationship
Breadth12 of 1486% participating now
Capital flowAccumulationDirection only when observed
History0 observed daysNo completed active episode yet
What would change this read
  • Participation spreads to ADBE, ESTC, FIG.

What would weaken it: Cross-asset confirmation is still fragile, so spillover can stall before it becomes durable.

Alert me when this theme changes

Co-movement

Observed intraday paths are not available for this group yet.

Who is confirming?

Active members confirm the current move. Quiet members are the next breadth test—not proof that the whole relationship is active.

TICKERCompanyRole nowTodayTrader read
VEEVVeeva Systems Inc.Participating+2.0%Confirming the current relationship move.
NOWServiceNow, Inc.Participating+0.1%Confirming the current relationship move.
MNDYmonday.com Ltd.Participating-4.2%Confirming the current relationship move.
CLBTCellebrite DI Ltd.Leader-1.1%Most active member in this snapshot.
IOTSamsara Inc.Quiet / lagging-1.3%Has not joined the current move; watch for follow-through or divergence.
ADBEAdobe Inc.Quiet / lagging+0.3%Has not joined the current move; watch for follow-through or divergence.
TEAMAtlassian CorporationQuiet / lagging-2.6%Has not joined the current move; watch for follow-through or divergence.
GTLBGitLab Inc.Quiet / lagging-1.3%Has not joined the current move; watch for follow-through or divergence.
ESTCElastic N.V.Quiet / lagging+0.4%Has not joined the current move; watch for follow-through or divergence.
ZETAZeta Global Holdings Corp.Quiet / lagging-5.7%Has not joined the current move; watch for follow-through or divergence.
TTANServiceTitan, Inc.Quiet / lagging-1.1%Has not joined the current move; watch for follow-through or divergence.
GLBEGlobal-E Online Ltd.Quiet / lagging-1.3%Has not joined the current move; watch for follow-through or divergence.
FIGFigma, Inc.Quiet / lagging-14.8%Has not joined the current move; watch for follow-through or divergence.
INTUIntuit Inc.Quiet / lagging-1.8%Has not joined the current move; watch for follow-through or divergence.

Why might these companies be connected?

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across ADBE, FIG, IOT, NOW, TEAM, TTAN, ZETA.

product pipeline / R&D affecting expense

Research and development expenses increased during the three months ended February 27, 2026 as compared to the three months ended February 28, 2025 primarily due to increases in compensation costs.

ADBE 10-Q
restructuring

33 Table of Contents Provision for Income Taxes for the Three and Six Months Ended May 29, 2026 and May 30, 2025 (dollars in millions) Three Months Six Months 2026 2025 % Change 2026 2025 % Change Provision for income taxes $ 526 $ 410 28 % $ 1,059 $ 781 36 % Effective tax rate 24 % 20 % 23 % 18 % Our effective tax rate increased by approximately four percentage points for the three months ended May 29, 2026, as compared to the three months ended May 30, 2025, primarily due to a decrease in the net tax benefit from effects of non-U.S. operations, an increase in state taxes, and a goodwill impairment charge which is not deductible for income tax purposes.

ADBE 10-Q
restructuring affecting expense

32 Table of Contents General and administrative expenses increased during the three and six months ended May 29, 2026 as compared to the three and six months ended May 30, 2025 due to the following: Components of % Change 2026-2025 QTD Components of % Change 2026-2025 YTD Impairment of goodwill 19 % 10 % Loss contingency 8 12 Compensation costs 9 7 Software licenses 6 5 Various individually insignificant items 3 2 Total change 45 % 36 % During the six months ended May 29, 2026, we recorded a goodwill impairment charge related to our Publishing & Advertising reporting unit.

ADBE 10-Q

Where could it spread?

Filing-linked companies outside the group, ranked as confirmation candidates. A relationship is evidence of exposure—not proof that the outsider will move.

No high-confidence filing-linked non-members are available for this group yet.

History

Historical cohort observations are not available yet.