PS - Pluralsight: Lower Price Makes Up For Execution Shortfalls

• Shares of Pluralsight have dipped ~15% since reporting Q3 results.
• Though Pluralsight beat Wall Street's expectations in Q3 and had upside guidance for Q4, investors mused over the company's billings decelerating to single-digit growth.
• Management believes the main contributor is the fact that Pluralsight has delayed its big annual customer conference, Pluralsight Live, which typically generates plenty of new leads.
• This is only part of the story, as retention rates for existing customers have also dipped. The coronavirus is partially to blame here.
• Still, Pluralsight's cheap ~5x forward revenue valuation makes up for its execution missteps.

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