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Alteryx (AYX) got downright obliterated last week, the stock collapsed by more than 28% on Friday after the company's earnings report was received with relentless selling by the market. The struggle is real, Alteryx is feeling the impact from the recession and the timing for recovery is unclear at this stage.
However, the slowdown is most probably transitory as opposed to permanent, and short-term weakness in a high-quality business seems to be creating a buying opportunity for investors in Alteryx.
Challenging Environment
Alteryx actually reported both sales and earnings numbers above Wall Street