I was not very aware of their financial situation to be honest. I checked their revenue and other financial data, it looks strong!
Looking at the chart right now, if you strongly believe in the company, it looks like that now is a very good entry/reinforcement point 👀
Do you have any explanation on why it’s down 55% over the past year though?
Looking at the chart right now, if you strongly believe in the company, it looks like that now is a very good entry/reinforcement point 👀
Do you have any explanation on why it’s down 55% over the past year though?
•
22
•
@STFUCapital The 19% drop after the June earnings call showed that enterprise IT spending is slowing down , and guidance was cut to just 3-4%.Plus, there's a huge debate right now: is generative AI a massive growth driver for their future, or does it threaten their traditional billable-hours model? Personally, I think the valuation is starting to look interesting after a 55% drop, with 5% dividend yield and 50 % pay out ratio. It has solid partners and its the bootle neck of AI implementanion, companys need help for its implementation.
•
11
•