Should You Buy Anaplan After Its Post-Earnings Selloff?

Should You Buy Anaplan After Its Post-Earnings Selloff?

Shares of cloud-based enterprise planning software provider Anaplan (NYSE: PLAN) fell following its earnings report on Tuesday, May 26. On the earnings release, Anaplan reported a slowdown in billings and pulled its guidance for the rest of the year. Anaplan actually delivered a solid quarter, in which revenue grew a solid 36.9%, subscription revenue grew 44%, and adjusted (non-GAAP) net loss per share came in at ($0.10).