Wix Stock Just Crashed 20%. Here's Why I'm Still Bullish
Before the market opened on Feb. 16, Israeli-based website and e-commerce platform Wix (NASDAQ: WIX) reported its fourth-quarter and full-year 2021 earnings. Revenue for Q4 came in slightly below expectations, but investors were very disappointed with management's guidance for first-quarter 2022 and the fact that they decided not to give out full-year 2022 guidance.
Wix stock dropped over 20% on the news, with shares now down approximately 23% in the last five trading days. Even though this looks bad on its face, if we look under the surface, there is a lot to like about this company right now. Here's why I'm still bullish on Wix stock.
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Source Fool.com
