Reported 3 days ago
AvePoint, Inc. (NASDAQ:AVPT) is experiencing a steep decline in its stock price amidst broader pessimism in the cybersecurity sector, despite witnessing a 20% revenue growth to $89.18 million in Q4 2024. The company's earnings fell short of expectations with an EPS of -$0.09 compared to a forecast of $0.05, leading to concerns over profitability. Consequently, AVPT ranks 12th among the cybersecurity stocks that have plunged this year, with a year-to-date drop of 8.78%. Investors are advised to explore other AI stocks that may offer greater returns.
Source: YAHOO