APX +17.44%: Rallied today after settling some concerns through a business plan update today. The artificial intelligence business announced it would be splitting itself into 4 segments – Global, Enterprise, China and Government – in an effort to be more transparent about its exposures, and more targeted in their approach. They will also change their reporting currency to USD, though this should have little impact. The key to the rally today though was the re-affirmation of guidance, now changed to USD of between $83-90m. Investors were concerned there was a downgrade looming after failing to re-affirm targets at their recent Macquarie Conference presentation.
MM is bullish APX
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