Stocks

“AvePoint Stock Down 47% as One Fund Slashes Stake by $65.9 Million”

“…Operationally, the company doesn’t seem broken. Third quarter revenue climbed 24% year over year to $109.7 million, SaaS revenue jumped 38% to $84 million, and annual recurring revenue reached $390 million, up 26%.

Still, the stock’s 47% one-year decline shows investors have been cautious, and it’s worth pointing out that much of those declines have happened post-earnings after the past year…”

https://finance.yahoo.com/news/avepoint-stock-down-47-one-214032462.html

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