Out on Wall Street, Alteryx (AYX) kicked off the week of trading with a bang. On Monday, the data analytics software company hiked up its revenue guidance for the third quarter and changed up its management team. In reaction, investors sent AYX stock up nearly 28% in Tuesday’s trading session.
The company is now guiding for between $126-$128 million in quarterly revenue, which would reflect a 22%-24% year-over-year increase. This new guidance is significantly higher than AYX’s original $111-$115 million forecast, and above the Street’s $114 million call.
Weighing in on the development for Wedbush, 5-star analyst Daniel Ives told clients, “This was an eye-popping Stanton-like performance and a major bounce back from a soft Q2 and puts AYX back on track heading into FY21 with improved execution a sigh of relief for the bulls.”
Based on Ives’ calculations, the new guidance would put Q3 EPS at $0.18-$0.19, above his and the consensus estimate of $0.12. It would also provide relief for shares after Q2 saw revenue growth decelerate to 17% year-over-year, from 43% year-over-year in Q1, as a result of a significant COVID-19-related slowdown that affected expansion activity with Enterprise and Global 2K customers, in the analyst’s opinion.
On top of this, AYX unveiled the new CEO, appointing industry veteran and current board member Mark Anderson, who will succeed Co-founder and Chairman Dean Stoecker. Stoecker was appointed as Executive Chairman and will continue serving as Chairman of the Board. In response to both news items, shares surged 30% in after-hours trading.
According to Ives, this move “should reassure AYX bulls as Anderson’s expertise and track record with scaling enterprise software organizations, most recently with Palo Alto Networks, keeps the company in good hands on its march towards $1 billion in revenue.”
Expounding on this, the analyst stated,
Apple Watch Series 6 review: Outstanding smartwatch, but health software offers little guidance Review
Apple debuted the new Apple Watch Series 6 earlier this month and I’ve been testing out the new (PRODUCT)RED 44mm GPS model. At first glance it doesn’t seem much different than the Apple Watch Series 5, but there’s more than meets the eye.
Regular readers know I’m a sucker for buying colorful watches and phones so when I saw the new navy blue and red aluminum watch offerings I knew one of them had to be mine. While blue is one of my favorite colors, I couldn’t find one readily available and since I already purchased a (PRODUCT)RED Apple iPhone SE, I selected the red Apple Watch Series 6. These new colors are attractive and the one visually distinguishing difference between the Series 5 and Series 6.
Also: Apple Watch Series 5 review: This is the watch I’ve been waiting for
- Display: 1.2 inch (30.4mm) 240×240-pixel resolution transflective memory-in-pixel color Corning Gorilla Glass DX
- Storage: 8GB of internal storage for up to 500 songs and 200 hours of activity data
- Water resistance: 5 ATM
- Connectivity and sensors: WiFi, Bluetooth, ANT+, GPS, GLONASS, Galileo, optical HR, barometer, compass, altimeter, Pulse Ox
- Band: 22mm silicone replaceable strap
- Battery: 21 hours in UltraTrac mode, 16 hours in GPS training mode, 6 hours with GPS and music streaming, and 7 days in smartwatch mode with 24/7 HR monitoring
- Dimensions: 43.8 x 43.8 x 13.3mm and 47 grams
The Apple Watch Series 6 looks just like the Apple Watch Series 5 with the same sized curved glass display, curved square watch case, spinning crown button, right side button, same band attachment design, similar heart rate sensor on the back, and same magnetic charging puck. Apple does not include an A/C adapter for the USB cable in