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The company took a beating after earnings report, dropping 18%. It had already dropped like 15% in the week before. Essentially it took a double beating
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They dropped because they missed earnings. Leadership explained that the reason for this is the project start dates were pushed into later dates for their customers. They already secured the contracts and money. They cannot claim it as revenue until the project is started. However they can claim it as free cash flow now. So they upped the FCF guidance. The market and algos reacted to the headline numbers and interpreted a miss as a miss.
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March calls are dirt cheap right now. This is a volatile stock and can easily rocket back up. In the technology sector with easy rebounds. It is trading at 2 years ago prices.
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No legal or regulatory controversies that can keep the stock down for an extended period of time.
