Strong results, strong reaction and continues to move - NewGen
Great results yesterday that beat the estimates handsomly. The stock reacted positively (although the float isnt very high). Still awaiting analyst call but
The street has been caught off guard (volumes indicated that) and this buying may continue for some time - but the stock will remain volatile given the relatively thinner volumes
- Caters to mid tier banks and FI globally - this is a niche segment not fully explored by large IT firms
- Their product is in vogue these days - low code enterprise (and niche as well)
- Pricing has enhanced and so has adoption - cant see many reasons why the good results wont continue a couple more quarters
The street has been caught off guard (volumes indicated that) and this buying may continue for some time - but the stock will remain volatile given the relatively thinner volumes
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