In 2017, it has advanced 46.5% and in 2018, Alteryx stock increased 133%. So far, in 2019, the Irvine, California-based company has grown 98.4% and is a whopping 21.5% above its 50-day moving average.
Thanks to strong quarterly results and a strong outlook, there is no reason to believe that Alteryx will not continue to outpace the broader market for the remainder of 2019, with that momentum carrying over into 2020.... Chart https://www.profitconfidential.com/wp-content/...Chart_040719_AYX.jpg
.... I’ve got five Zacks Rank #1 (Strong Buy) stocks breaking out to new highs. The list of stocks I cover today include:
Alteryx
Alteryx, Inc. operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.
"Alteryx is gaining from an expanding clientele, driven by increasing demand for a self-service data science and analytics platform. Also, improved awareness of the company’s brand and solutions has been a key catalyst in expanding customer base.
In the last reported quarter, dollar-based net expansion rate was 134%, up 20 basis points (bps) sequentially. The company added 277 net new customers in first-quarter 2019, bringing the total to 4,973, including 28% from the Global 2000 list.
The momentum in customer addition must have continued in the second quarter due to strong traction of the Promote and Connect solutions.
Moreover, rapid adoption of predictive analytics and AI modeling is expected to drive Alteryx’s top line in the to-be-reported quarter.
Alteryx delivered Q2 EPS of $0.01 vs expectations of a 6-cent loss. Even better, revs came in over 7% higher than consensus at $82M vs $76.5M! The slight "wince" on the guide was management seeing Q3 EPS 6c-9c vs. consensus 13c. But as noted above, the full-year guide is a range of 44c-50c.
And the revenue guidance still maintained an upward trajectory with Q3 seeing $88-91 million vs. consensus $87.5M.Full-year rev guide is for $370-375 million vs. consensus of $360M, representing a blistering 83% annual growth in sales.
Key highlights of the business expansion... **Added 305 new customers in Q2 to hit 5,278 customers, a 34% increase from Q2 2018. **Achieved a dollar-based net expansion rate (annual contract value based) of 133%. **Large contract momentum persists with a 50%+ increase in deals over $250,000. **Doubling of contracts deals over $1,000,000. https://www.zacks.com/stock/news/459586/...C-HL-press_releases-459586
Kicky
: Shares Up 124% in 2019 Q2 Results Crush Estimates
https://www.profitconfidential.com/stock/...shares-up-124-q2-results/ Alteryx stock has trended steadily higher since it went public in March 2017. Its price hasn’t experienced any huge spike or pop that it couldn’t sustain. Instead, it has been on a stable growth trajectory that has rewarded buy-and-hold investors. Because of the company’s bullish outlook for 2019, AYX stock should continue on this enviable path for the rest of 2019 and well into 2020. s. Chart https://www.profitconfidential.com/wp-content/...Chart_080119_AYX.jpg Wall Street was looking for Alteryx to report second-quarter revenue of $76.5 million and an adjusted net loss of $0.06 per share. Once again, the analysts were way off.
After the bell closed on July 31, Alteryx announced that revenue for the second quarter, ended June 30, advanced 59% year-over-year to $82.0 million. (Source: “Alteryx Announces Second Quarter 2019 Financial Results,” Alteryx Inc, July 31, 2019.) The company ended the second quarter with 5,278 customers, up 34% from the second quarter of last year. During the quarter, it added 305 new customers. Back to the financials, Alteryx reported a second-quarter net loss of $3.2 million, or $0.05 per share. That’s compared to a loss of $4.2 million, or $0.07 per share, in the same prior-year period. It also reported adjusted net income of $0.9 million, or $0.01 per share, compared with break-even income and income per share during the second quarter of 2018. compared with $426.2 million at the end of 2018.
Looking ahead, for the third quarter, Alteryx expects its revenue to be in the range of $88.0 to $91.0 million, representing a year-over-year increase of 41% to 45%. The company also expects its adjusted income from operations to be in the range of $5.0 to $8.0 million and its adjusted net income per share to be in the range of $0.06 to $0.09. For full-year 2019, Alteryx raised its revenue guidance to the range of $370.0 to $375.0 million, representing year-over-year growth of between 46% and 48%. It also forecasts its adjusted net income per share for the year to be in the range of $0.44 to $0.50
Wen interessierts? über 100% hat man einige davon, sofern man Risikoaffin ist und bisschen Ahnung vom Fach hat. Wenn 6 von 10 richtig sind, hast alles richtig gemacht, denn du wirst nie in 9 von 10 Fällen recht haben ;)
Kicky
: warum viele Cloud Computing Werte heute einbrachen
weil Großinvestoren ausgestiegen sind ---Slack nach Report und Alteryx ".Massive trading volumes on a no-news kind of day typically point to large investors making changes to their portfolios. If so, we'll see some proof in a couple of months when institutional investors post their 13F filings to the Securities and Exchange Commission. ...Again, there's nothing fundamentally wrong going on in the cloud computing sector today. We're probably just watching a couple of very large holders moving out of these high valuations and into something safer. The cloud computing stocks above may stick to these lower (but still lofty) prices, or they might make a full recovery in the normal course of unpredictable market jitters.
Those are the breaks in the nosebleed section of Wall Street, where stocks are priced on their ability to grow quickly rather than on their solid financial performance. Volatility can be painful in the short term.
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