LXFT - Luxoft Shares Oversold Provide Good Return Potential
Software development services and IT solutions firm Luxoft (LXFT) recently released its 2Q19 results. They beat consensus on profitability but disappointed on guidance for 3Q19. LXFT's business model of outsourcing is a good fit in today’s market place. However, risks are increasing in sourcing talent from the Central & Eastern European regions where the company is operating. The weakness in its Financial services segment is set to be offset by its growth in Auto, and Digital services. In our opinion, the shares are favorably priced as the company navigates these potential growth