AYX - Is It Too Late to Buy Alteryx Stock?
2023-08-11 09:02:39 ET
Share prices of Alteryx (NYSE: AYX) sank 18% on Aug. 8 after the data analytics company posted a mixed second-quarter report. Its revenue rose 4% year over year to $188 million and beat analysts' estimates by $6 million. It narrowed its adjusted net loss from $32 million to $26 million, or $0.37 per share, which also cleared the consensus forecast by $0.30.
Those headline numbers weren't disastrous, but Alteryx issued a grim outlook for the third quarter and significantly reduced its full-year guidance. Let's take a closer look at those challenges to see if it's too late to buy Alteryx's battered stock.
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Is It Too Late to Buy Alteryx Stock?