Growth ConcernsARR of $220 million implies growth of 16% cc, a decline from 19% cc in Q2, raising concerns about slowing growth momentum.
Market ConcernsInvestors remain wary of the embedded inflection in the Q4 ARR guidance, despite reiteration of the implied growth.
Revenue GuidanceQ4 revenue guidance was slightly below expectations, causing excessive selling pressure despite ARR being above the Street.