Short term technical:
Last few times RSI dropped below 30, the stock rebounded 10-20% during the next month.
Long term fundamental:
The stock has plunged about 35% year-to-date, largely due to softer guidance in recent earnings, highlighting elongated enterprise deal cycles, billing shifts, and conservative outlooks amid macro uncertainties. However, this dip creates an excellent buying entry: the company maintains robust growth with 25% YoY cloud revenue and a 20% CAGR target through FY2027, while its forward P/E has compressed to around 34x.
Last few times RSI dropped below 30, the stock rebounded 10-20% during the next month.
Long term fundamental:
The stock has plunged about 35% year-to-date, largely due to softer guidance in recent earnings, highlighting elongated enterprise deal cycles, billing shifts, and conservative outlooks amid macro uncertainties. However, this dip creates an excellent buying entry: the company maintains robust growth with 25% YoY cloud revenue and a 20% CAGR target through FY2027, while its forward P/E has compressed to around 34x.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.