INST - Instructure: Beginnings Of A Recovery
As technology shares continue to fall, the best move for investors to stick to is to scour the market for undervalued growth names. Some stocks have been undervalued for a while, and the recent pullback has made them even cheaper. In this bucket is Instructure (INST), the ed-tech software platform best known for its Canvas software product which is used primarily in universities across the U.S.
For the first time in three quarters, Instructure shares rose (albeit modestly) after the company reported a Q3 earnings beat. Note that very few tech companies have