More happy short nonsense. Been seeing this since the stock hit the high 30s.
"20s by Thanksgiving!!!" (it's now nearly 60)
"Cloud is fake, and their revenues are DOWN!!!" (the street knows it's all about acquisition now, revs will rise later, and the revs aren't close to bad even now (remember - Adobe did $2.9B just 4 years ago))
All nonsense from folks who should know better. Will it hit 60 and keep going? Will it backslide to the mid-50s? Maybe, maybe not, who knows? That's the point. But as a long investor, I am finding it entertaining to see the befuddled haters getting torched month after month since the new strategy, and yet they continue to throw good money after bad. Do yourself a favor and until this sorts itself out, stick to Financial Services or Agriculture.