Key Highlights

  • Shopify (NASDAQ:SHOP) reports before the open on November 3, 2026 with an options-implied move of 13.6 percent, the narrowest of the four, as an E-commerce bellwether reporting first in a week of software tests.
  • Datadog (NASDAQ:DDOG) reports before the open on November 4, 2026 with an implied move of 14.3 percent, in what the schedule calls software after the software rout, with guidance as the main test.
  • HubSpot (NYSE:HUBS) reports after the close on November 4, 2026 with the widest implied move of the four at 17.1 percent, after Twilio fell about 19 percent on October 30 on a slower fourth quarter Revenue outlook.
  • Atlassian (NASDAQ:TEAM) reports after the close on November 5, 2026 with an implied move of 15.3 percent, the last of the four, so earlier software reports will have set a tone before its release.

Shopify (NASDAQ:SHOP): An E-Commerce Bellwether at 13.6 Percent

Shopify (NASDAQ:SHOP) reports before the open on November 3, 2026, with Options implying a move of 13.6 percent. Shopify provides the software that merchants use to run online stores, so its revenue follows the Volume of sales on its platform and the fees from payments and services around it. That makes the report a read on online retail Demand as well as on software. It reports first in this group, with a December Federal Reserve hike still priced near 80 percent in a figure not yet re-verified against CME FedWatch. Consumers under pressure from higher rates and oil near USD 100 can slow online spending, though only the company's own figures would show whether that is happening. A merchant platform also carries payment volumes, so a weaker consumer would reach several lines of its revenue at once. Consensus estimates were not verified, and the exchange tag should be confirmed. The risk is a guidance cut in a week when Twilio (NYSE:TWLO) and Coursera, which fell about 19 percent and 25.5 percent on October 30, 2026, showed how harshly the market treats soft outlooks. Read the release for merchant sales and guidance.

Datadog (NASDAQ:DDOG): Software After the Software Rout

Datadog (NASDAQ:DDOG) reports before the open on November 4, 2026, with options implying a move of 14.3 percent. Datadog provides monitoring software that tracks how applications and servers perform, so its usage-based revenue rises when customers run more workloads in the cloud. The schedule describes it as software after the software rout, a reference to the sell-off in the group when Twilio fell about 19 percent and Coursera (NYSE:COUR) 25.5 percent on guidance. Usage-based models can bring faster growth when customers expand and quicker slowdowns when they trim cloud bills, which helps explain a wide implied move. It also sits near the AI spending debate, since Amazon's cloud unit grew 39 percent even as the company posted a USD 42.4 billion free Cash Flow outflow over 12 months. Consensus estimates were not verified. The risk is that cautious customer spending shows up in usage and guidance, hitting a stock already under pressure. Check the company filing for customer counts, net retention and the outlook, and confirm the exchange tag.

HubSpot (NYSE:HUBS): The Widest Move at 17.1 Percent

HubSpot (NYSE:HUBS) reports after the close on November 4, 2026, with options implying a move of 17.1 percent, the widest of this group. HubSpot sells customer relationship and Marketing software to smaller and mid-sized businesses, whose budgets are sensitive to interest rates and economic confidence. That is why a cautious customer base can show up quickly in new subscriptions. Software guidance has been punished this week: Twilio fell about 19 percent after a slower outlook for the fourth quarter, and Coursera dropped 25.5 percent on a revenue guide of USD 358 million to USD 366 million. Separately, Okta (NASDAQ:OKTA) is set to join the S&P 500 before the open on Wednesday, November 4. It replaces Kenvue (NYSE:KVUE). That is a reminder that index changes can lift individual software names regardless of results. It also means some software demand is coming from index buyers, not earnings. Consensus estimates were not verified. The risk is a guidance cut that adds to the sector's slide. Read the release for subscriber trends and the full-year outlook.

Atlassian (NASDAQ:TEAM): Atlassian Closes the Group at 15.3 Percent

Atlassian (NASDAQ:TEAM) reports after the close on November 5, 2026, with options implying a move of 15.3 percent. Atlassian sells collaboration and development software to technology teams, and its revenue is tied to seat counts and cloud subscriptions, which makes hiring and software budgets key drivers. It reports last of the four, so the earlier prints from Shopify, Datadog and HubSpot will have set a tone, and its result may be judged against them. Rate pressure remains a theme: the Bank of England is expected to hike 25 basis points to 4.0 percent that day, a market expectation, and the October jobs report follows on November 6 at 8:30 a.m. ET. Higher rate expectations tend to compress growth valuations, a mechanism that matters for software names priced on future earnings. Consensus estimates were not verified, and the exchange tag should be checked. The risk is a cautious outlook arriving into a hawkish macro week. Read the filing for customer growth and guidance.

Where Things Stand

The four software reporters face a market that has already punished soft outlooks, so guidance matters more than the quarter itself. Shopify (NASDAQ:SHOP) carries the narrowest implied move at 13.6 percent, Datadog 14.3 percent, Atlassian 15.3 percent and HubSpot the widest at 17.1 percent. The answer to the headline is that the swings are large for all four but not equal, and no consensus figure was verified to say who has the easier bar. The jobs report on November 6 and rate headlines may add to the volatility, and Atlassian (NASDAQ:TEAM) reports last, so its reaction may reflect the earlier prints. This is not Investment advice.