Red Violet, Inc., an analytics and information solutions company, specializes in proprietary technologies and applying analytical capabilities to deliver identi...
Decent day today but a lot of AI names gave up their gains when the $Workday(WDAY.US) news broke out possibly leading to L/S funds having to cover software shorts vs their semi longs.
Top gainers: $Sandisk(SNDK.US) $SPY $QQQ $Archer Aviation(ACHR.US)$Red Violet(RDVT.US)$CloudFlare(NET.US)$Backblaze(BLZE.US)$First Advantage(FA.US)
Discussing the third-quarter report of $Reddit(RDDT.US), this time it is actually similar to the situation in the second quarter, also involving a process of expectation correction: 1. Before the earnings report, market tracking showed poor growth in North American user data (decline in duration, zero growth in users). Considering that North American users are the main source of monetization, the lack of user growth raises doubts about growth potential, and high valuations (generally hovering around 40x-50x EV/EBITDA) naturally cannot be sustained. 2. When the actual earnings report was released, although North American user growth was not as bad as third-party data tracking indicated (negative growth), it was still not promising...