Price: \~$29.78 (Dropped from 52-week high of $65; complete sentiment disconnect)
Valuation: 15.2x Trailing P/E — a dirt-cheap \~4.9x Forward P/E against non-GAAP guidance.
Financials: $138M cash, a massive 41% operating margin, generating $263M - $275M in annual FCF.
Moat: 100% Net Customer retention Rate. Software is buried deep in corporate infrastructure — ripping it out means millions in costs and operational suicide.
Catalyst: Hitting a historic $1 Billion annual revenue goal this year. Upselling their captive user base with newly launched enterprise AI/Agentic tools.
CEO Alignment: Pay is heavily tied to Performance Share Units (PSUs). If the stock underperforms the index over rolling 3-year windows, the CEO gets zeroed out.
Targets: Wall Street consensus is $50.83 (\~70% upside), with bulls sitting at $65 - $83.
WHAT AM I MISSING?
