AdobeShares plunged more than 10% after the revenue forecast issued by the software company for fiscal quarter one fell short of analyst estimates.

This stock has been on track for the second worst drop in the last decade. Only a 15% decline in March, when markets were shaken by coronavirus panic, is worse. Adobe has suffered its three most severe days in the past year, with the stock falling 16% over the month. This puts it on track for its steepest monthly drop since June 2010.

Adobe saidThe company’s revenue for its fiscal 1st quarter will come in at $4.23Billion. That is below analysts’ forecasts of revenue of $4.34B, Refinitiv reports. Adobe anticipates $17.9 Billion in sales for the entire year. This is lower than analysts’ revenue estimate of $18.16B.

Atlantic Equities’ analysts posted a note following Adobe’s fourth-quarter earnings reports. They stated that they believe shares will fall today because of concerns about slowing spending and conservative guidance. According to the firm, the stock has been given a Buy rating and the outlook is likely to reflect the “muted sector spending environment”.

Adobe reported that revenue rose 20% to $4.11 Billion in the fourth quarter. This was higher than estimates. Its growth was attributed to 21% increase in digital media segments.

Inflation and concern about interest rate rises led investors to shift their focus from 2021 and more towards the next year. This has led them to move away from high-growth stocks with multiple shareholders and towards sectors which are more resilient to rate increases and inflationary pressures.

The WisdomTree Cloud Computing exchange-traded fund, a basket of cloud software names, has tumbled 22% in the past month, while the S&P 500 is flat over that stretch.

Federal Reserve said WednesdayAs a response to inflation, the central bank is planning aggressive actions. In response to inflation, the central bank plans to reduce by half its monthly bond purchases beginning in January. Rate increases will follow. Fed officials have projected that there could be three rate increases in 2022. Two more will follow in the next year. There may also be two additional in 2024.

This Tuesday JPMorganAs part of the aforementioned, Adobe has lowered its rating to neutral from Buy. wave of downgradesInformation on software companies that the firm has issued. JPMorgan analysts claimed it was a valuation, but Adobe shares fell 6.6%.

Adobe traded at $561.14 on Thursday morning in New York, down 20% from last month’s 52-week peak.

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