AYX Stock Recent News

Cisco NASDAQ: CSCO surprised the market when it reiterated an intention to buy Splunk NASDAQ: SPLK. While some analysts wonder why the deal was proposed, others look to see which stocks are up next for acquisition.

Morgan Stanley thinks the stock is a good value with an expected ramp in profitability. Recent results show Alteryx is still struggling with the macro environment and the transition to the cloud.

Alteryx, Inc. (NYSE:AYX ) Piper Sandler Growth Frontiers Conference Transcript September 13, 2023 2:30 PM ET Executives Kevin Rubin - Chief Financial Officer Analysts Brent Bracelin - Piper Sandler Brent Bracelin Good afternoon. My name is Brent Bracelin.

Alteryx reported worrisome financial results last quarter. Slowing growth is casting doubt on the analytics platform's ability to capitalize on its long-term growth catalysts.

Shares of Alteryx surged Wednesday following a report the company is exploring a sale. AYX stock jumped nearly 15% on the news.

Alteryx's stock is being weighed down by soft growth and high sales and marketing expenses. Alteryx's weak guidance relative to peers suggests there may be company-specific issues affecting performance. While Alteryx's stock may seem inexpensive, the company will likely need to significantly improve margins before investor sentiment turns.

Palantir and Alteryx have both plummeted from their all-time highs. Palantir's growth is cooling off, but its profits are rising.

Alteryx's Q2 numbers exceeded analysts' expectations. But it significantly reduced its full-year revenue outlook.

While the top- and bottom-line numbers for Alteryx, Inc. (AYX) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Alteryx, Inc. (AYX) came out with a quarterly loss of $0.37 per share versus the Zacks Consensus Estimate of a loss of $0.66. This compares to loss of $0.46 per share a year ago.