AYX - After Upbeat Earnings Alteryx's Next Event Will Be Key
Despite a slight bump following better-than-expected first-quarter results, Alteryx 's (NYSE: AYX) stock price is down by close to 60% from its last-year all-time high. Some might consider taking advantage of the discount. But before investors buy in, they should pay close attention to the big data specialist's investor session, set for May 18-20.
It's then that the company should detail its long-term plans along with new products that could transform its portfolio.
Alteryx addresses a big data market that CEO Mark Anderson estimated will grow to "hundreds of billions" in the next few years. You should take those estimates with a grain of salt, as they depend on unknown and arbitrary assumptions. It is fair to say that, given the digitization of enterprises, there's no doubt the opportunity is large and growing.
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After Upbeat Earnings, Alteryx's Next Event Will Be Key