Worth watching this stock, it recently posted earnings which beat EPS expectations by 63%, not to mention it had been beating EPS and Revenue expectations in the last 4 quarters. Rising 10% post the results it dropped 16%(26% if you calculate from the 10%-12% rise post the results) Currently trading at 297$ from the high of 388$
The reason for the drop mainly was the resignation of CFO and COO Michael Gordon who held that position for more than a decade. However I see this a window of opportunity and expect the stock to rise above 400$ in 2025.
Considering the requirement for Data, AI and cloud in the near future I see this stock as a good pick to hold in your portfolio.
Modify on 2024-12-12 20:07
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Why did they resign with such good company earnings?