At 20x fcf they are fairly priced relative to market if they can maintain 10%+ growth.
Their revenue is pretty seasonal. If you do a historic Q2 to Q3 growth compare they are growing below trend in these quarters at less than 5% QoQ. It's a super rough compare.
Cloud definitely disappointing relative to msft. Msft guided slower cloud growth rate next quarter.
Honestly the bar seems to be pretty high so far this quarter. Big beats seem to be needed to hold up SP and a hit has been like a miss.
At 20x fcf they are fairly priced relative to market if they can maintain 10%+ growth.
Their revenue is pretty seasonal. If you do a historic Q2 to Q3 growth compare they are growing below trend in these quarters at less than 5% QoQ. It's a super rough compare.
Cloud definitely disappointing relative to msft. Msft guided slower cloud growth rate next quarter.
Honestly the bar seems to be pretty high so far this quarter. Big beats seem to be needed to hold up SP and a hit has been like a miss.