Shares of Ultrax (NYSE: AYX) Business after Monday saw a 25% increase as the company made a number of announcements that drove the bulls.
The company said Dean Stoiker, co-founder, chairman and CEO of Artrix, will step down as chief executive and will soon be replaced by board member Mark Anderson. Stoicher, who continues as chairman of the board, will assume the role of acting chairman.
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Anderson is a P-season tech company executive who has spent more than six years on a cybersecurity platform. Palo Alto Networks. There he was responsible for sales, go-to-market (GTM) strategy and customer satisfaction, as well as business and corporate growth; He eventually became president of the company. He also previously served as Chief Growth Officer for Cloud-Based Planning Platform Anaplan And sits on the board of the cloud security platform Cloudflare.
The company’s initial results, which were released in conjunction with the C-Suite announcement, also pushed the stock higher. Updating its third-quarter outlook, Tery Lterax said its revenue for the period ended September 30 would be in the range of 12 126 million and 128 128 million, showing annual growth in the range of 22% and 24%. The company had previously issued growth guidance of $ 111 million and 5 115 million, or between 7% and 11%. Alertix will announce its full results after the market closes on November 5, 2020.
Analysts’ consensus predicts reflected management’s original guidance, which expects revenue of 3 113.63 million, or less than half of its current growth estimate – an annual growth of about 10%.
With an increase of Altery% in the fourth quarter, the year 2011 was approaching a near-high, but the global epidemic seriously derailed its progress. After approaching an all-time high in early August, Terry Latrex lost nearly 40% of its value following its second-quarter results, as its growth rate slowed to 17%. At the time the company also forecast slower growth for Q3.
