Technology One Ltd (TNE) $29.27

This $9.6bn Australian enterprise software company is another ASX tech name that’s been battered this month. We discussed Tuesdays result here, with the stock plunging after reporting annual recurring revenue (ARR) below expectations and providing no FY26 guidance – ARR, a key measure of growth for TNE, reached $554.6 million in the year, up +18%, but below the market’s expectations for +21% growth, a 14% miss, and the stock reacted accordingly.

• We will get more interest in TNE in the ~$25 area, but it’s likely to take time to regain the market’s confidence.