Interesting News article on not being LONG this stock
That article points out some very solid facts on the company performance and risks. While the technical pattern has run long and is overdue for a correction in here, it seems to be holding up with possible strategic or large deal in the making that keeps the "cloud" elevated. It does appear ahead of itself in price action though and wouldn't be surprised to see some pull back and reset on this along with overall market in this month. Possible for some market upside before pullback though, but the recent volatility is only a sample of some bear action to visit in the near term imo.
Agree on the competition. They are all scrambling to create their next versions of the products to address limitations and competitor solutions coming to the table. I would anticipate that some of these "investments" may not work out as planned and result in higher costs to the bottom line without the associated revenue benefits to cover. This is when the $hit will hit the fan for some of these type high valuation flyers and others. There will be new IPO on another player in the coming year as well for one or more of these larger competitors. It will also be interesting to see all of them executing on these new customer wins, as that has been a problem area for some and resulted in the yanking of business. I think this one is up high on the valuation based on perceived takeover opportunities and it would lofty to play in here until pullback which may be starting.