Alteryx (NYSE: AYX) lost nearly 40% of its market value this year. The data science and analytics company started off the year strong, but its stock price plunged in February after it followed up its fourth-quarter earnings beat with soft guidance for the first quarter and the rest of the year.
Palantir just reported earnings, and the stock price is up. Here are three bullish signs for long-term investments.
Shares of Palantir Technologies (NYSE: PLTR) jumped 9.4% Tuesday after the data analytics specialist delivered solid first-quarter results. The software company enjoyed strong gains across both its U.S. government and commercial businesses, which saw revenue rise 83% and 72%, respectively. Investors bid up Palantir Technologies' stock price Tuesday.