Hi Psalty. From my experience, it is best to not even acknowledge "downrampers without facts", so I am responding to you instead.
"dog stock .... we all forgetting at the start of the year they lost 20% of their clients"
The facts regarding the January ACV downgrade are:
For ANZ "the number of subscriptions lost to competitors was minimal"
For NA "three enterprise churn/downgrade events". These related to three events, one subject to a court order, two relating to autonomous vehicle trials. Hardly a loss of 20% of their clients.
Even the downgraded ACV outlook (midpoint of $106M) still represented a 17.5% annual increase.
Even with the advent of Covid-19, NEA has not been further impacted in any negative way (note update statments in April and May 2020).
Strong growth is clearly continuing.
So, if genuine NEA investors/potential investors don't want to be overwhelmed by downrampers peddling their shorts friendly misinformation, please do not respond to them directly - instead just post some relevant facts.
NEA Price at posting:
$2.21 Sentiment: Buy Disclosure: Held