Thanks for the reply guys and gals. I think revenue is expected to be 100 million or more for fiscal 2020. This means the company is already on 10 times sales multiple. I know other technology companies also trade at these kinds of valuations but am scared about buying at these prices today as that multiple generally doesnt get much higher. Does anyone else have concerns about the valuation? Back when it was $1.6 I should have pulled the trigger I guess!
NEA Price at posting:
$2.65 Sentiment: None Disclosure: Not Held