Wix Is Down 50% From Its High -- Is Now the Time to Buy?
Wix.com (NASDAQ: WIX), an international leader in no-code website development, has seen its stock price cut in half since reaching an all-time high in February. Though the company revised its full-year revenue and cash flow guidance slightly down during the second quarter, the ongoing sell-off could serve as a great potential buying opportunity for investors. Let's see why.
Image source: Getty Images.
Unlike the popular e-commerce website-building platform Shopify, Wix has opted to take a horizontal approach to growing its share of the web development market. Not to take anything away from Shopify, but the company clearly has a narrow focus on serving e-commerce customers. Wix, on the other hand, has much broader ambitions.
Source Fool.com
