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PLAN - Anaplan: Expensive For Slowing Growth
April, 30 2021 09:27 AM
Anaplan Inc.
Anaplan stock has fallen ~30% from peaks as investors have rotated away from expensive cloud growth stocks. Anaplan's growth is slowing, too. In its most recent quarter, growth fell to the mid-20s. The company expects further revenue deceleration to the low 20s for FY22. Anaplan still looks expensive at ~15x forward revenue. For further details see:
Anaplan: Expensive For Slowing Growth
Stock Information
Company Name:
Anaplan Inc.
Stock Symbol:
PLAN
Market:
NYSE
Website:
anaplan.com
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