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Is ironSource a Good Software Stock to Add to Your Portfolio? By StockNews

by Mike Robinson

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© Reuters. Are ironSource good software stocks to include in your portfolio?

The ironSource Ltd (IS), an app-economy platform based in Israel, reported record revenue growth during its most recent quarter. Strong customer engagement drove the increase. But while strategic product launches and partnerships could further boost its user growth, the company’s mixed financials and its stock’s stretched valuation could concern investors. It is worth investing in this stock. Let’s find out.Based in Tel Aviv-Yafo, Israel, ironSource Ltd (IS) is a global software company that operates a business platform for the app economy. The mobile advertising firm became public through the merger of SPAC and Thoma Bravo Advantage. A 181% dollar-based net expansion rate and double-digit revenue growth in its last reported quarter have helped IS’ stock gain 31.1% in price over the past month.

The company’s management expects its third-quarter revenue to range between $125 million – $130 million, representing 45% year-over-year growth at the midpoint.

However, IS’ shares have retreated 4.9% in price over the past five days to close yesterday’s trading session at $11.95. While its recent partnership deal with Vodafone (NASDAQ-:) as well as the release of its user growth tool are expected to help it grow its topline, investor worries could be raised by IS’ premium valuation.

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