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Enterprise software companies aren't immune to COVID, and experts warn investors are underestimating how many customers might demand price cuts or peel away

Quick Summary

Investors may be underestimating the degree to which the enterprise software sector could be affected by the coronavirus crisis, experts told Business Insider. Many enterprise software makers have outperformed the broader market over the last three months and some, including Microsoft, are near their all-time highs. Enterprise software companies are as vulnerable to a recession as any other type of firm, they argue. Even enterprise software firms "are bound to economic gravity," said Jerry Braakman, the chief investment officer at First American Trust, which manages $1.8 billion in assets. Those moves are already starting to weigh on the enterprise software sector, Murphy said.

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