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TNAV - Telenav: Incredible Opportunity Ahead After Blowout Q2
Telenav Inc.
It has been an absolutely fantastic earnings report for Telenav's (TNAV) investors. Management has substantially outperformed its own estimates and generated record results, sending the stock up nearly 30%.
Source: Google images
Despite this massive rise, we believe Telenav is still deeply undervalued due to its strong position in a fast-growing industry, as well as its large cash hoard. We believe there is major potential for further price appreciation.
Q2 2020 earnings
Looking at the Q2 numbers, we really aren't surprised that the stock has risen so much. Telenav beat on pretty much