Stock is trading at 6x forward revenue (not ), and guidance is for a loss next year. Revenue increase was only 3% Q/Q. Any idiot can increase revenues by selling things (or services) for a loss. The valuation on "cloud" companies remind me of the dot com bubble, I dumped my 401k into cash this summer. The market could easily get cut in half and still be over valued, aside from dividend companies.
If this wasn't a "cloud" company, it would've tanked to $5 a long time ago.
Added some Dec 19 puts.
Also, no short squeeze at all, looks like everyone had high entry points that they don't care about a little bump in the road. All the pumpers today will wind up selling later this week. Support at $17.
Dropped a buck with less than daily volume, plenty of room to go down with all the idiots who bought for an earnings spike.