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UiPath managementThe Motley Fool
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85% Informative
UiPath (NYSE: PATH ) saw its CEO resign following the company's issuance of disappointing guidance.
For its first quarter , revenue rose 16% year over year to $335 million .
CEO Rob Enslin was stepping down and that founder Daniel Dines would retake the reins of the company.
For the second quarter , the company expects revenue in the range of $300 million to $305 million .
There appears to be low-hanging fruit that the new CEO can pick to help turn around its performance.
The company needs to show that AI is a tailwind for its business and not a potential disruption to it.
Given its valuation and likely low bar, I'd be a buyer of the stock on this dip.
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