WEAV - Weave Communications: Market's Reaction To Q1 Earnings Presents Buying Opportunity
2024-05-07 02:14:19 ET
Summary
- Weave continues to expand its gross margin, reflecting management's ability to drive profitability.
- The company raised its 2024 revenue guidance and saw growth in net revenue retention.
- Weave's stock price dropped over 20% following the earnings release, but the dip presents a buying opportunity as the company's fundamentals remain robust.
I have covered Weave ( WEAV ) on three previous occasions, each of which were ‘Buy’ recommendations:
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Weave: Focus On The Cash Flow (June 2023)
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Weave: Bargain SaaS Expanding Into New Verticals (February 2024)
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Weave: Q4 Earnings Reaffirm Bright Future (February 2024)