On July 27, SAP SE rose 3.26% overnight, trading at $165.22 per share, with turnover of $3.64 million.

On the news front, the company previously released its Q2 earnings report showing cloud revenue grew 22% year-over-year, with current cloud backlog reaching 22.929 billion euros, up 27% year-over-year. Total revenue of 9.878 billion euros slightly exceeded market expectations, while IFRS after-tax profit increased 26% year-over-year. Although non-IFRS earnings per share of 1.59 euros fell short of the expected 1.75 euros, the accelerating cloud business growth trajectory remained firmly intact.

Multiple investment banks had previously cut their target prices in succession, and the stock had declined approximately 35% year-to-date, with pessimistic expectations largely priced in during the extended selloff. Following the earnings release, market sentiment has continued to recover as cloud business momentum validates the company's transformation strategy, with the share price extending its rebound.

(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.)