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Is It Too Late to Buy Alteryx Stock?

TheMotleyFool

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Is It Too Late to Buy Alteryx Stock?Photo, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D

Share prices of (NYSE: AYX) sank 18% on Aug. 8 after the data analytics company posted a mixed second-quarter report. Its revenue rose 4% year over year to $188 million and beat analysts' estimates by $6 million. It narrowed its adjusted net loss from $32 million to $26 million, or $0.37 per share, which also cleared the consensus forecast by $0.30.

Those headline numbers weren't disastrous, but Alteryx issued a grim outlook for the third quarter and significantly reduced its full-year guidance. Let's take a closer look at those challenges to see if it's too late to buy Alteryx's battered stock.

Image source: Getty Images.

Source Fool.com