AYX - Alteryx's Results Illustrate a Massive Untapped Opportunity
After soaring for much of 2019, Alteryx (NYSE: AYX) took a much-needed breather late in the year, but still gained 68% and easily surpassed the 29% increase of the S&P 500. Many cloud-based stocks were punished late last year, as investors grew wary of high valuations, and ended up throwing out the baby with the bath water.
The company came roaring back, gaining more than 44% year to date, so there were high expectations going into Thursday's fourth quarter results. Alteryx delivered everything investors were looking for and more, sending its stock soaring to all-time highs.
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