Why Wix Looks Like an Incredible Bargain After Its Q1 Earnings Results
On Monday, May 16, website building platform Wix.com (NASDAQ: WIX) reported its earnings results for the first three months of 2022. The company posted solid first-quarter revenue growth of 14%, but its guidance was below Wall Street's estimates, causing investors to sell shares the day the report was released.
Investors are getting increasingly bearish on software and internet platforms like Wix, so it is not surprising to see the reaction to these results.
Even though guidance has been brought down, Wix stock looks like an incredible bargain for investors right now with shares down 57% this year. Here's why.
Source Fool.com
