AYX - Alteryx Has Potential After Change In Management But Watch For Progress First
- The red warning atop Alteryx's SA chart is an indicator of a high risk of bad stock performance.
- Still, data analytics and automation tools are now among corporations' highest priorities and are also synonymous with reduced labor costs amid increasing inflationary pressures.
- On analyzing financials, it is found that quarterly sales have been whipsawing, while operating expenses have been consistently rising.
- Going deeper, the new CEO's strategy is aimed at addressing the shortcomings I noted by reviewers concerning the company's designer product.
- However, it is important to wait for signs of progress before buying the stock, which could decline further after November 2's earnings call.
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Alteryx Has Potential After Change In Management, But Watch For Progress First