Hopefully no one is in AYX still. We have been watching that slow motion wreck the past two quarters and they released earnings again yesterday. They went from speeding along their track at 65% growth to an abrupt braking of that growth. Last quarter they suffered with growth in the low teens and yesterday they beat expectations with growth of 25%, still significantly slower, but then guided for only 4-7% growth next quarter?! Growth investors and Wall Street take notice when your train slows down that quickly and AYX is getting punished.
NET on the other hand has surged >23% and even PTON stock price is up slightly and bucking today’s tech trend and in spite of their own remarks on the call about “supply constraints for the foreseeable future”. Perhaps that is a problem Wall Street prefers to see (as opposed to growth deceleration)
