PLAN - Anaplan: Time To Course-Correct
Anaplan (PLAN), the business planning software company that purports to help companies reduce Excel-based processes and automate various strategic corporate functions via its platform, is facing tremendous growing pains. Since its IPO in late 2018, Anaplan had been a Wall Street favorite with revenue and billings growth trending in the ~50% range, riding the secular trends of "automating everything" and "data-driven decision making" that have made the software sector one of the strongest-performing categories since the Great Recession. But every high-flying company faces a reckoning with it encounters growing pains and can no