Now that the new product announcements are out of the way the stock is ready to turn back down. The big surprise was the new pricing on the products was much lower than analysts expected. This could potentially put some margin pressure. And with the buyback blackout period coming up here soon, the stock and the news flow is likely to turn negative. Upside is limited. One more swing down is merited.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.