Alteryx Signals a Permanent Slowdown for Data Analytics Might Be Here

Shares of data science and analytics firms Alteryx (NYSE: AYX) have lost over 40% of their value in a matter of days. Granted, at its peak shares were up nearly 80% in 2020 to date, rallying in tandem with other high-flying software names as effects from COVID-19 forced many organizations to pick up the pace of their digital transformations, in which old and now-redundant operations get replaced by more efficient tech-driven ones. First, it's worth noting that revenue growth of 17% -- in the midst of a pandemic and unprecedented economic lockdown no less -- is nothing to balk at.