PLAN - Anaplan: Great Company But Valuation Remains A Tad High
Since reporting Q3 earnings, Anaplan (PLAN) has seen their shares trade up over 5% and are getting within 10% from reaching their all-time highs. After Q2’s challenging quarter with billings growth decelerating, the company grew billings 59%, up from the 46% growth seen last quarter. In addition, management provided high level revenue guidance for FY21 which includes 31-33% revenue growth. While I believe this is a conservative starting point, it gives investors a solid base of confidence heading into the new fiscal year.
Revenue grew 44% with non-GAAP operating margins coming in nearly