quarterly update

Click the link to access the Google sheet supporting this report's analysis. 1Q24 Update Positives from the 1Q24 ER are the beats on revenue, non-GAAP EBIT, and EPS guidance. Additionally, management raised FY24 revenue guidance by $18m, equating to a growth increase of 100 bps. However, investors have not reacted positively to the quarterly results. In the following day, the stock gapped down 20% to open at $74, and continued falling until it made a recovery slightly above the opening price