Alteryx: A Breakout in Analytics

03/26/2019 5:00 am EST


Leo Fasciocco

Investment Columnist and Publisher, Ticker Tape Digest

Alteryx (AYX) provides a subscription based platform for analytics; the stock has broken out from a 10-week flat base and moved to a new all-time high. That is bullish, asserts technical expert Leo Fasciocco, editor of Ticker Tape Digest.

Based in Irvine, Ca., the a self-service data analytics software firm has annual revenues of $254 million. The company provides a subscription-based platform, enabling firms to prepare, blend and analyze data from a multitude sources.

The platform allows business analysts to view underlying data, meta-data, and apply analytics at any stage.The platform is also capable of processing data from cloud applications, such as Google Analytics, Marketo, NetSuite, Salesforce, and Workday.

The stock went public in 2017 at $17.25. It has been working steadily higher with just minor pull backs the past two years.

The stock held up well against the stock market decline late last year. It has made almost a fivefold move. It is one of the top performers the past two years, and its momentum indicator is strongly bullish.

Eight analysts follow the stock. The company did beat the Street estimate the past four quarters by one cent a share, 13 cents, 2 cents and 6 cents. This year, analysts are forecasting a profit of 40 cents a share compared with a loss of 2 cents the year before.

For the upcoming first quarter, the Street expects a loss of 8 cents a share compared with a loss of one cent the year before. Going out to the second quarter, analysts predict a loss of 6 cents a share compared with a loss of 9 cents the year before.

Looking out to 2020, Wall Street predicts a 69% jump in net to 68 cents a share from the anticipated 40 cents this year.

The stock sells with a price-earnings ratio of 202. That is high. As such, the stock is suitable only for very aggressive bulls. We are targeting the stock for a move to $100 off this breakout. A protective stop can be placed near $75.

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