Will Zuora (ZUO) Continue Up the Comeback Trail?

by Options Sensei |

Zuora (ZUO)  “provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business.”

Basically, Zuora helps legacy businesses move from a single sale to what in the software world is known as a ‘software as a service” or SAAS model.  It worked for huge companies like Microsoft (MSFT) and Adobe (ADBE) and I imagine it is working for many smaller companies that need 3rd party back end support.  This is a hot trend, and the company is acquiring new business at a rapid pace with year-over-year revenues growing 47%+ over the past six quarters.

Then… Continue reading at StockNews.com

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