Three technology stocks underperformed last week post-earnings. After finally dipping, investors may get a better entry price.
Alteryx (NYSE:AYX) posted Q4 revenue rising 3% to $160.5 million. It earned 62 cents a share, beating estimates by 31 cents. The Q1 guidance is a disappointment. Management expects to lose 22 – 25 cents a share, while analysts expected a break-even quarter.
AYX has an easy pattern to recognize. It is a stock to sell before the earnings day.
Cloudflare (NYSE:NET) posted a GAAP EPS loss of 11 cents. Revenue grew by an impressive 50% Y/Y to $125.9 million. The GAAP gross profit of $96.9M is 76.9% gross margin. Last year, it was 78.3%. The drop spooked investors.
At an annualized revenue of $500 million, the stock’s $28-billion market capitalization (as of the end of last week) is too high.
Akamai (NASDAQ:AKAM) showed a "double top" at $120 on the charts and lost 11% last week. The firm earned 68 cents a share. Revenue is significantly bigger than that of Cloudflare. Its Web Division posted $438 million in revenue, up 5% Y/Y. Carrier Division revenue rose 15% Y/Y to $408 million.
These three technology stocks lost their momentum post-earnings. Watch them for now.
