5/16/24 - $glob - can't buy the dip, mediocre result... lowerin-line result and 2Q and FY guides are a touch below consensus. that's a no-touch in this environment. let's be clear - great (if not the best) IT transformation co that will benefit from a lot of the secular trends in the coming years. however, in order to sustain software-esque multiples >20x PE... you need to be beating/ raising and doing something that's not at-the-market. i suspect the stock will be down more than just the 3% it's indicating AH's and if we do see a green day tmr, i'll use it as funding for some of the better beat/raises in my portfolio in the short-term context. hard to fade this one for too long. but suspect we'll see mid $160s in the coming weeks, minimally.
