Anaplan Still Flawless On Earnings

Anaplan (PLAN) now has four earnings reports under its belt as a public company, and it is setting a high standard for itself with a triple play in each of these quarters! Its most recent quarterly release came this morning, and while EPS was still negative at -$0.12, it beat analyst estimates. Revenues also beat, growing at a solid clip of 46.2% YoY. The company also raised guidance for the fourth time in a row.

In terms of stock price reaction to earnings, PLAN has usually been very strong rising over 10% each time with last quarter’s 18.22% gain being the best of these. Today is bucking that trend though as the stock gapped down 3.82% at the open even after its triple play. It traded as low as -8% on the day later in the morning, but it has seen buying this afternoon and is now down just 3% on the day.PLAN has been in a solid uptrend since its IPO but has been moving sideways in the month leading up to this report. Yesterday’s intraday high tested resistance at the previous high around $60, but with the stock failing to react positively to earnings today, it has yet to break out higher. We’ll be monitoring this one to see if it can report its 5th triple play in a row three months from now!  

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