Q: What is going on with KXS lately? Buying opportunity?
5i Research Answer:
We see no material news for KXS affecting the decline seen over the past month, which leads us to compare it with other tech stocks, which also declined in the same time frame. KXS is expected to report tomorrow with forecasted sales growth of nearly 32% year-over-year and strong backlog growth. We think it is an opportunity to buy/add.