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Anaplan, Inc. (PLAN) provides a cloud-based connected planning platform.
Its platform unites traditionally distinct or disconnected database structures, including relational, columnar, and online analytical processing with in-memory data storage and calculation that is used in various lines of business, such as finance, sales, supply chain, marketing, human resources, and operations.
The company delivers its application over the Internet as a subscription service using a software-as-a-service model.
It operates in the United States, Australia, Austria, Belgium, France, Germany, India, Japan, the Netherlands, Russia, Singapore, Sweden, Switzerland, and the United Kingdom. Anaplan, Inc. has an alliance with Ernst & Young LLP to enable organizations deploy connected planning platform for business transformation.
On November 21st, PLAN reported a 3rd Quarter October 2019 loss of $0.09 per share on revenue of $89.4 million. The consensus estimate was a loss of $0.12 per share on revenue of $86.4 million. Revenue grew 44.2% on a year-over-year basis.
The company said it expects fourth quarter revenue of $96.5 million to $97.5 million. The current consensus revenue estimate is $95.7 million for the quarter ending January 31, 2020. Shares have formed a bullish "cup and handle" and are in the process of moving higher out of this formation. The Company is scheduled to report its results on February 24th.
Entry Point: $59.50
Trading Range: $29.90 - $63.64
Stop Loss: $56.00
Target Price: $65.00
PLAN closed at $44
