WiseTech Global and Xero Ltd face significant share price declines

WiseTech Global Ltd has seen its shares decline by 65% over the past 12 months, currently trading near $32.69. Despite a 46% increase in EBITDA to US$558.4 million for FY26, the stock has faced significant volatility. While the company's CargoWise platform remains widely used by major freight forwarders like DHL and Toll, investor confidence has been impacted by governance concerns, regulatory issues, and market expectations regarding earnings.

Xero Ltd has also experienced a notable share price decline of approximately 40% since the start of the year. The cloud-based accounting provider, founded in New Zealand, reports an annual revenue of $1,714 million with a three-year compound annual growth rate of 26.4%. The company maintains a gross margin of 88.2% and reported a profit of $175 million in the last financial year, marking a recovery from a $9 million loss three years ago.