I see an opportunity in this stock due the recent price-over-reaction at the earning call.
The stock has been punished for the lack of good 2024 guidance on earning growth even if both earning and revenue came over the forecast.
In my opinion this remain absolutely a growth-stock but what miss today (and missed as well in the recent quarters) is a good growth story, so market now consider it a value stock.
Management is working on that (I assume they stayed very conservative for 2024 earning for this reason) and I assume that we will have some kind of positive catalists in the very next future.
valuation is low, earning and margin are good as well as free cashflow and we have share buyback as well.
tecnically i see a probable exaustion of the selling pressure began after earnings call in 48-50 zone. that should be good entry point.
The stock has been punished for the lack of good 2024 guidance on earning growth even if both earning and revenue came over the forecast.
In my opinion this remain absolutely a growth-stock but what miss today (and missed as well in the recent quarters) is a good growth story, so market now consider it a value stock.
Management is working on that (I assume they stayed very conservative for 2024 earning for this reason) and I assume that we will have some kind of positive catalists in the very next future.
valuation is low, earning and margin are good as well as free cashflow and we have share buyback as well.
tecnically i see a probable exaustion of the selling pressure began after earnings call in 48-50 zone. that should be good entry point.