Way to over valued like all tech ipo’s. Like most tech IPO’s it’ll pump for a little bit, then we’ll expect a drop when the original share holders sell, and buy more at the bottom.
Check, the IPO’s of SNAP, FB, SPOT, LYFT, UBER when they first when public.
I’d wait until more data appears on the charts, give it a couple days to weeks, to put a real buy order.
grizzle.com <- "When a great company isn't worth owning." Says it all really. Gonna wait and see like with Fastly. I'd like to enter in one of those ranges they had posted before today and double my money.
The guy who bought at $19.53 will eventually also get his, we can secure our tendies without being over the barrel as much.
Since hitting the market NET saw euphoria, a sharp selloff and then a grind up on a day where most cloud and saas plays (ROKU, NFLX, SHOP) got crushed and the market bled tech. It's likely to revisit $18.50 or even $18 again amid volatility but early signs are that NET made a good choice when they hit the market at a lower multiple. I am playing this as a swing...
A high valuation company with 50% Year over year growth.
The valuation is high but the if you check revenue multiples of other growth companies a multiple of 14 is still not bad.
