Should You Buy the Dip on PubMatic Stock?
Shares of adtech company PubMatic (NASDAQ: PUBM) took a beating on Tuesday following a second-quarter report that was mostly positive, save for one piece of bad news. The stock was down more than 20% in morning trading.
Is this rout an opportunity to pick up shares of PubMatic at a knocked-down price? Or should investors steer clear?
PubMatic, which operates a supply side platform that helps publishers and app developers monetize their content, grew revenue by 6% in the second quarter to $71.1 million. Net dollar-based retention was 102% for the trailing-12-month period, down year over year but still in expansion territory.
Source Fool.com
