"A disconnect between the fiscal data and the share price indicates a potential U-turn for AYX stock
End-to-end analytics platform provider Alteryx (NYSE:AYX) is a hidden gem within the analytics and automation solutions space. I expect that more financial commentators will be talking about AYX stock in the near future. But for the time being, this stock is under the radar for many traders.
Moreover, I like to recommend stocks when they’re beaten down despite positive financial data. AYX stock definitely fits that description. It can be a tremendous opportunity when the trading community collectively sells a stock in spite of strong fiscal results.
...With the onset of the novel coronavirus, even the burgeoning data analytics field suffered a hard impact. Alteryx CEO Dean Stoecker basically admitted as much, noting that his company “experienced a slowdown in the second quarter driven by the global impact of COVID-19.”
With that admission, and with the post-earnings-announcement share-price drop, you might think that Alteryx’s report was a real stinker. Yet, an objective view tends to indicate that the data wasn’t actually so bad...." |
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