Somehow, Yext (YEXT) got caught up in the tech wreck prior to reporting FQ2 earnings. The stock slumped 10% prior to reporting a major beat despite being a tech company positioned to benefit from the rebound trade after not seeing a benefit to retailer customers being shut down and put out of business. My investment thesis remains ultra-bullish on the data knowledge management company as the market continues to ignore the growth initiatives of Yext while similar stocks trade for double and triple the valuation multiples.
Image Source: Yext website
Solid Quarter
Yext reported