- Needham analyst Alex Henderson reiterated Hold on HashiCorp, Inc (NASDAQ:HCP).
- HCP has seen considerable pressure, as it expects maximum margin pain in FY3Q. This style of “growth at all costs” is out of favor, he noted.
- As the economy slows and spending tightens, Hashi’s strategic positioning, Open Source orientation, and controlled growth strategy should insulate it from the macro slowdown, he believes, but it’s not immune.
- He thinks Hashi will temper spending in this environment, and this, in turn, supported by rearview mirror investments, should allow more operating margin leverage and a narrowing of EPS losses.
- Like Okta, Inc (NASDAQ:OKTA), he thinks the Street may like this outcome.
- He thinks it’s too early to step up as the projected losses are daunting even if they narrow more rapidly.
- Also Read: Okta Stock Can Move In Positive Direction Despite Challenges, Analysts Say
- Price Action: HCP shares traded lower by 1.86% at $26.94 on the last check Monday.
Aerojet Rocketdyne Teams With Lockheed Martin To Develop Long Range Maneuverable Fires Missile
Aerojet Rocketdyne will develop an advanced propulsion solution for the Long Range Maneuverable Fires (LRMF) missile that Lockheed Martin is developing for the U.S. Army.
The LRMF missile is a precision fires
