More Tech Opportunities Open Up for Investors

It all begins tomorrow...

Benzinga

Sent on 16 December 2023 05:39 PM

Text Summary Of This Email

It all begins tomorrow...
Benzinga Research v2
Hi Trader,
Good times are here!The markets are ripping, nearing all-time highs.All thanks to the Federal Reserve's decision not to hike interest rates.And what do we do in times like these?We find exciting opportunities to capitalize on.
Here are five things I love about a tech stock on my radar:
The company's Q3 2023 revenue grew 32% year-over-year to $149.7 million, with adjusted net income of $14.4 million, or $0.09 per share.
This can be a compelling AI investment, offering a hedge to typical Big Tech plays.
The company saw strong adoption from both small and large clients alike. The number of customers generating at least $5,000 of annual recurring revenue (ARR) increased 26% year over year, to 8,175, while the number generating over $100,000 of ARR grew 37% to 874.
The tech company's Q1 cash use decreased, making the goal of cash flow breakeven by fiscal year 2025 feasible.
With $938 million in cash and investments, the tech darling is well-positioned for development and potential acquisitions.
I just released the company's ticker symbol days ago in my report. Get started here so that you can access that report and more to come.
Sincerely,
Gianni Di PoceStock Expert
Benzinga Research Logo - Horizontal
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