AYX

With only the last half of March really affected by the pandemic, their Q1 results will likely be excellent. Investors are increasingly looking at the future, and any suggestion of a slowdown the next few months could hurt the stock. They sandbagged guidance but any failure to appreciably raise guidance will be seen as a sign of weakness. The next few quarters are where revenue growth accelerated last year so comps are harder as well. Remember, stickiness is only part of the equation; increasing spend and growing customers is very important in keeping their growth rates up, and that may not come so easily in these few months.

Long term I think they are fine, but that is why I am concerned and why the market may not be rewarding AYX like the other security or communication plays where spend on those platforms will likely go up due to the pandemic.

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