Alteryx Lifts Sales Outlook and Taps New CEO; Stock Higher


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 at Anaplan  (PLAN) – Get Report and Cisco Systems.  (CSCO) – Get Report

Alteryx named Stoecker executive chairman.

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