Cloud-Based Solutions Provider Has More Than Doubled in Value This Year
Summary
Cloud-based tax solutions provider Avalara (NYSE:AVLR) came out with a beat in its third quarter results. Wall Street loved this performance and outlook, which has sent Avalara share prices 11% higher post earnings announcement. The company derives most of its business from subscriptions, and most of its revenue is generated in the United States. Twelve Wall Street analysts have set a buy recommendation for Avalara with none rating it either a hold or a sell. At its current rate, Avalara seems to be set to break even or turn to profits by the middle of next year.
Classifications
industries
Retail
applications
Accounting and Taxes
AskAI Classifications
Labels
Tax Compliance Software
SaaS
Accounting Software
Linked Companies
Avalara
$500M to $1B