Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
"Hope" is not a strategy. At the current share price, P/E is almost 30x and DY is 0%. With cash balance falling several quarters in a row due to their AI CAPEX, and management couldn't even give a timeline for a turnaround yesterday and just said hopefully they won't take as long as Adobe's transformation, this stock is dead money! You can see many of the Top 30 shareholders in the AR, especially institutional investors, already sold.
The current price surge, towards the end of yesterday's briefing and this morning, is highly suspicious. The 30th biggest shareholder only has 1.4M shares but the volume for this morning alone is already more than 20M shares!