Alteryx (AYX) – Get Report shares jumped on Tuesday after the data-analytics-software company raised its sales outlook and named a new chief executive.
The company now expects third-quarter revenue of $126 million to $128 million, representing 22% to 24% growth from a year earlier.
Those figures top the company’s previous guidance of $111 million to $115 million. Alteryx plans to report results on Nov. 5.
Its shares recently traded at $142.25, up 25%. They’d risen 14% year to date through Monday. The stock of the Irvine, Calif., company had risen 51% since touching a 52-week low above $75 in mid-March. The stock traded at a 52-week high above $185 in mid-July.
As for the personnel move, Alteryx named Mark Anderson, a current board member, as CEO, succeeding Alteryx Co-Founder Dean Stoecker.
Anderson formerly was president of Palo Alto Networks. (PANW) – Get Report He also worked