Is Alteryx Stock a Buy?
Alteryx (NYSE: AYX) lost nearly 40% of its market value this year. The data science and analytics company started off the year strong, but its stock price plunged in February after it followed up its fourth-quarter earnings beat with soft guidance for the first quarter and the rest of the year.
That sell-off intensified when Alteryx's Chief Revenue Officer Dean Darwin resigned in late February after posting a racially charged tweet. Rising bond yields, which have sparked a rotation from growth to value stocks in recent months, exacerbated that pain. But now that Alteryx has dropped to a two-year low, is the stock finally worth buying again?
Image source: Getty Images.
Source Fool.com
