Not clear. Since they had 2 below estimates qtrs in a row. Many investors are re-evaluating their fundamentals. They are generally conservative , yet they missed. With their upbeat forecast, if they hit you will see 120-125 range. If they miss again they will be taken to the woodshed. Unless more analysts come out with positive remarks we will be 98-105 range. This company is starting to act like a big bloated company and is losing its competitive edge. Getting a company massage every two weeks for its employees smells like a CEO ready for retirement.
All good comments .. I shorted again at 105s into the close today. Will cover next week.
No near term unknown catalysts. The insiders may start selling from next week which may put pressure on the stock to downside (low 100s to high 90s)
tomorrow, more options need to cover. All for it but still seems a bit over enthusiastic. After all they're making way more money than others so given the perverse market logic lately, very unexpected that it's getting such a bump.