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MODN - Model N: Strong Go-To-Market Momentum Under The Hood
Model N Inc.
Shares of Model N have fallen ~7% ever since the company reported fiscal Q4 results and guided to FY21.
Revenue growth rates slowed down after peaking in Q3, and guidance points to further deceleration in FY21.
Still, Model N signed plenty of new logos in Q4, and the company's strategy of making initial deal terms more favorable may help lift revenue in the near future.
With improving margins and stable growth, Model N still represents good value in the software sector.