This stock is a mess. Ran up like 30% in august only for it to tank all of that (and then some) following a good earnings report. First ER went exactly the same way. Company itself is basically the framework for moving towards subscription services, a shift that most companies are currently exploring as services continue to transition into the cloud. The CEO was the 11th employee of Salesforce back in the 90s, and stayed there for nine years, serving as CMO and Chief Strategy Officer throughout. Financials are shoddy, sure, but that’s to be expected from a startup that went public.. what, six months ago?
Anyway, interested in hearing the bear case here to see if there’s something I’m missing. There’s shit like BOX and DOCU that are ripping on the market despite being in an extremely crowded space with no moat or competitive advantage while Zuora has a $3 billion market cap despite having an absolutely incredible total addressable market. seems like the market hasn’t decided on how to price this thing
Submitted September 06, 2018 at 10:11AM by panoramicsummer https://ift.tt/2PHfiI9
