This is a "relatively" undervalued SaaS security trading in the public equities market.
Similar to every other Silicon Valley and SaaS model, there are no profits to be made. However, compared to industry peers it is quite relatively cheaper to consider.
Some additional things that make me attracted to this security...
- Carl Icahn owns 20% of the company and has deployed his management team to turn this around. (he also believes this security is undervalued)
- This is a Silicon Valley company that has some strong venture capital funding from names like Greylock and Accel
- Technicals are coming off of all time lows and recently putting in some reversal work