On July 17, SAP SE rose 3.12% in regular trading, trading at $161.08/share, with turnover of $271 million.

On the news front, the rise was primarily driven by a broad-based rebound across the software sector, recovering from the selloff triggered by IBM's earnings miss earlier in the week. IBM had reported preliminary Q2 results significantly below expectations on July 14, plunging over 25% and dragging down the entire software sector. SAP itself fell nearly 4% during that session amid the contagion. The current session reflects a technical recovery, with sector peers Salesforce rising 4.25% and Intuit gaining 6.54%.

Additionally, SAP is scheduled to report quarterly earnings on July 23, with consensus estimates projecting revenue of EUR 9.861 billion (up 8.65% YoY) and EBIT of EUR 2.88 billion (up 19.83% YoY). The company's robust cloud business fundamentals, which accounted for 89.45% of total revenue last quarter, may be providing a valuation floor amid the broader sector recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)