Is Alteryx Stock a Buy?
Following underwhelming guidance in its fourth-quarter results, Alteryx (NYSE: AYX) saw its stock price drop last week by more than 16%. Looking forward, new CEO Mark Anderson is hoping to improve the big data specialist's performance with a new marketing strategy and a focus on the cloud.
So is the stock pullback an opportunity to invest in Alteryx during its transformation?
Alteryx addresses an attractive big data management market estimated at $49 billion. And that opportunity is poised to grow as enterprises digitize their operations. According to the research outfit IDC, the global amount of data should grow from 33 zettabytes in 2018 to 175 zettabytes in 2025, which corresponds to a compound annual growth rate of 26.9%.
Source Fool.com
